Ascorbic acid is basically a Vitamer of Vitamin C. A Vitamer is a chemical compound, having a similar molecular structure to that of a Vitamin, which shows vitamin-activity in case of vitamin-deficiency in biological system. Ascorbic acid generally occurs in white solid form. It is an organic compound which has very good antioxidant properties.
Ascorbic acid finds its primary uses in preventing or treating vitamin C deficiency in biological systems (mainly humans) who do not get the required amount of the vitamin C from their dietary foods. Deficiency or Low levels of vitamin C can lead to a disease condition called scurvy characterized by symptoms such as body rashes, weakness in muscle, pain in body joints and tooth decay.
Because of rising population and growing consumption of ascorbic acid from its end-use industries such as food & beverages, chemicals, personal care, pharmaceuticals and cosmetic products, the ascorbic acid market is expected to boost up over the period of 2015-2025.
Vitamin C or Global ascorbic acid market is projected to register a high growth during 2015-2025 due to its growing demand from industries such as pharmaceuticals, personal care, chemicals, food & beverage and cosmetic products. Since changing ingestion and living habits of people are affecting people’s health, a major growth in dietetic & diabetic population is expected to be seen over the next few years. These medical requirements along with rising health awareness and growing living standards of people are expected to create additional market opportunities in the global ascorbic acid market over the forecast period.
Additionally, ascorbic acid acts as a reducing agent and possess good antioxidant properties. A huge demand of ascorbic acid is coming into the market from calcium (Ca), potassium (K) and sodium (Na) salts of ascorbic acid, which works as an antioxidant diet supplement. So, ascorbic acid salt with these positive ions (Na, Ca, K) is further expected to propel the global ascorbic acid market over the next few years.
Investments in research and development by major industry players along with exponential technological advancements in pharmaceutical and medical industry are expected to create huge demand for global the ascorbic acid market.
The ascorbic acid market, along with great revenue generating potentials, also has some restraints. Being highly dependent upon raw materials, an ascorbic acid market is affected by raw material supply, uncertainty in supply as well as fluctuations in prices might severely affect the ascorbic acid market. Furthermore, isoascorbic acid is widely being accepted as a preserving agent in the food industry, which is expected to act as a market restraint over the forecast period.
Global ascorbic acid market is segmented on the basis its end-use application and regional basis, which are given as the following:
Geographically, a global ascorbic acid market is segmented into seven main regions, which are North America, Latin America, Middle East & Africa, Western Europe, Eastern Europe, Asia Pacific and Japan. Asia-Pacific is the prime region in the global ascorbic acid market followed by Europe and North America. Additionally, Asia-pacific is expected to be one the fastest growing region in the global ascorbic acid market over the period of 2015-2025.
Increasing demand for fitness, gym and nutritional supplements on the global scale is expected to drive the market growth rate over the forecast period. North America and Europe regions are projected to grow significantly owing to rising demand of ascorbic acid in producing low-calorie sweeteners.
Key players in ascorbic acid market include:
Regional analysis includes:
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.