Vitamin C ingredients available in the powder and granular form are used as food additives, as they possess the properties of acting as antioxidants and acidity regulators in different food products.
With modern consumers failing to meet the recommended intake levels of vitamins, calcium ascorbate is used to prevent or treat low levels of vitamin C, with its use in the pharmaceutical industry as well.
The vitamin C ingredients market is benefitted from the high use of ascorbic acid in different industries, including the feed industry where animals are provided with necessary nutrition supporting their health and immune system.
- The TNN Development Limited provides ascorbic acid, which is made available in the granular and powder form, for use in different industries.
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- Foodchem International Corporation
- Koninklijke DSM N.V.
- Food Ingredient Technology
- Northeast Pharmaceutical Group Co., Ltd.
- Spectrum Chemical Manufacturing Corp.
- The TNN Development Limited
- NutriScience Innovations LLC
- Ettlinger Corporation
- Microbelcaps S.A.
- Hangzhou Focus Corporation
- Now Foods
- Triveni Inerchem Private Limited
- Source Naturals, Inc.
- Innophos, Inc.
- Akhil Healthcare Private Limited
- Shandong Luwei Pharmaceutical Co., Ltd.
- Beijing Heronsbill Food Material Co., Ltd
- Natural Health Concepts
- Bolise Co., Limited.
- Pure Encapsulations, LLC
Vitamin C Ingredients Market Trends
Consumer Preference for Nutritious Additives Aiding Market Growth: Awareness about high-quality food, which contributes to good health and constitutes high nutritional value, has inclined consumers toward healthy eating regimes.
Millennials are looking for high-quality products through their interest in food, without compromising on the nutritional value and taste of the food. Vitamin C ingredients serve this demand by adding flavor in the food with potent nutritional value.
These ingredients provide a nice tart flavor, which enhances many food products such as jams, jellies, candies, and fruit juices, and offers benefits from a burst of acidity that gives consumers a distinct impression of fresh fruit. As a result, the global vitamin C ingredients market size is on a decent expansion path through 2030.
Increased Positioning for Natural Products Proving Beneficial: The way how consumers are viewing natural food ingredients can be seen in their purchasing patterns, which are changing continuously with time.
The adequacy of natural products and health benefits associated are the most affecting factors for the popularity of naturally-sourced vitamin C ingredients.
Customer preferences have risen for natural products, reason being, growing rate of population suffering from various diseases and being allergic toward synthetic products, which has a positive impact on the vitamin C ingredients market, as they are naturally sourced.
- NutriScience Innovations LLC. offers natural vitamin C ingredient products; vitamin C acerola extract, where acerola extract is sourced from the acerola fruit, which is rich in vitamin C. The company provides this for pharmaceutical use to boost immunity in the human body.
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Regional Outlook of Vitamin C Ingredients Market
The global vitamin C ingredients market share is dominated by the established market of Europe. The booming supplement market in the region and high demand for natural-based pharmaceutical products are factors driving demand for vitamin C ingredients across Europe.
East Asia follows Europe with a market share of 29.4%. China is home to many key manufacturers and is also one of the major producers of vitamin C ingredients.
Countries in South Asia such as India, Indonesia, and Malaysia are expected to witness considerable growth of around 8%, owing to rising urbanization in the region, rise in economical standards, changing consumer preference for healthy food products, and increasing disposable income.
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COVID-19 Impact on Vitamin C Ingredients Market
The spread of COVID-19 has affected the world economy, with varied consequences on different industries. The dietary supplements market is witnessing strong demand with consumers been conscious regarding their health to avoid any illness.
Consumers are increasingly opting for immunity boosting supplements to minimize the risk of getting infected with COVID-19. Vitamin C ingredients are thus gaining traction as dietary supplements and use in the pharmaceutical industry as a result of this outbreak.
Demand for functional food and fortified food for adding value to health has also gained customer attention. However, the production and distribution of vitamin C ingredients remains a major challenge for manufacturers due to supply chain disruptions.
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The global vitamin C ingredients market is expected to witness substantial growth over the coming years, with South Asia anticipated to offer advantageous opportunities through 2030. Increasing use of vitamin C ingredients as a natural food additive, which arrests spoilage and preserves freshness in food products such as cured meats, jams, jellies, sauces, and spreads, is increasing. Thus, considerable growth of the vitamin C ingredients market is expected in the foreseeable future.
Key players such as Northeast Pharmaceutical Group Co., The TNN Development Limited, and others are carrying out research & development activities for innovating vitamin C ingredients with increased application in the food & beverage industry, and also for improving the quality of existing vitamin C ingredients to offer better health solution to consumers. Key manufacturers are also carrying out various expansion strategies to increase their market presence by partnering with different manufacturers in food & beverage and pharmaceutical industries around the globe.
Key Segments of Global Vitamin C Ingredients Market
PMR’s report on the global vitamin C ingredients market offers information divided into six segments – product type, form, source, process, end use, and region.
Key Questions Answered in PMR’s Global Vitamin C Ingredients Market
- Which region will hold the highest market share in the global vitamin C ingredients market during the forecast period?
- Which region is experiencing the highest growth (CAGR)?
- Which factors are impacting the global vitamin C ingredients market?
- What are the global trends impacting the vitamin C ingredients market?
- What strategies must emerging players adopt to capture opportunities in various regions in the vitamin C ingredients market?
- What is the market structure of the global vitamin C ingredients market?