The ascorbic acid market size has grown strongly in recent years. It will grow from $1.59 billion in 2024 to $1.7 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to health and nutrition trends, increased food and beverage industry demand, pharmaceutical applications, supplements and nutraceuticals, functional food products.
The ascorbic acid market size is expected to see strong growth in the next few years. It will grow to $2.42 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to cost-efficiency strategies, health crisis preparedness, consumer preferences for natural additives, global supply chain dynamics. Major trends in the forecast period include sustainable agriculture practices, health and immunity focus, animal feed supplements, technological innovations, global trade dynamics.
The increasing demand to mitigate the risk of chronic diseases is anticipated to drive the growth of the ascorbic acid market in the coming years. Chronic diseases are long-lasting conditions that can typically be managed but not cured. The intake of ascorbic acid and related products can significantly slow the progression of chronic diseases and enhance patients' overall health. For example, in September 2022, the World Health Organization (WHO), a global health agency based in Switzerland, reported that chronic diseases account for 74% of the 41 million deaths worldwide each year. Cardiovascular diseases were responsible for 17.9 million deaths, cancer for 9.3 million, chronic respiratory diseases for 4.1 million, and diabetes for 2 million. Therefore, the rising need to reduce the risk of chronic diseases is set to boost the growth of the ascorbic acid market.
A surge in awareness regarding health and wellness is poised to propel the growth of the ascorbic acid market. Health and wellness, encompassing multifaceted aspects of overall well-being encompassing physical and mental health, find significant support in ascorbic acid, commonly recognized as vitamin C. Its potent antioxidant properties bolster the body's defenses against oxidative stress, fortifying the immune system and fostering holistic well-being. Notably, in September 2022, a survey by McKinsey & Company involving 7,500 consumers across six countries revealed that 79% consider well-being as crucial, with 42% ranking it as a top priority. Thus, the surge in health and wellness awareness stands pivotal in propelling the ascorbic acid market.
Innovations in products constitute a pivotal trend gaining momentum within the ascorbic acid market. Major market players are channeling efforts into innovating ascorbic acid applications, notably in cosmetics, to maintain their positions in the market. For instance, in August 2022, NeoStrata, Inc., a US-based pharmaceutical company specializing in skincare products, introduced the Vitamin C Serum. This innovative serum incorporates 15% Vitamin C, 2% Gluconolactone (PHA), 1% Feverfew Extract, and Green Tea Extract. Designed to address uneven skin tone, dark spots, and visible skin discoloration, the serum also acts as a defense against environmental irritants, marking a significant advancement in skincare technology leveraging ascorbic acid.
Major players within the ascorbic acid market are strategically introducing cutting-edge technologies such as Fiber Interlaced Liposomal (FIL) technology to fortify their market positions. FIL technology represents an innovative approach capable of transforming liquid liposomes into a novel stabilized form of powdered liposomes. For example, in May 2023, Vidya Herbs, an India-based manufacturer specializing in plant extracts and essential oils, unveiled a new technology leveraging Fiber Interlaced Liposomal (FIL) technology to optimize vitamin C. This technological advancement ensures the seamless integration of dietary fibers and lecithin, preserving the spherical core structure of the powder. Consequently, this approach enhances the activity of liposomes, whereby the delivery vehicles for FIL facilitate a controlled release of vitamin C, enhancing absorption and minimizing breakdown within the gastrointestinal tract. The primary objective of this equilibrium optimization is to elevate bioavailability and efficacy while ensuring the sustained release of biomolecules.
In February 2024, Shiseido Americas Corporation, a U.S.-based company known for its innovative beauty products in skincare, acquired DDG Skincare Holdings LLC for an undisclosed amount. This strategic move aims to enhance Shiseido's portfolio by incorporating a dermatologist-developed skincare line celebrated for its innovative, science-based products. DDG Skincare Holdings, also based in the U.S., specializes in offering ascorbic acid in its skincare formulations.
Major companies operating in the ascorbic acid market are Koninklijke DSM NV, Northeast Pharmaceutical Group Co. Ltd., CSPC Pharmaceutical Group, Bactolac Pharmaceutical Inc., BASF SE, LabChem Inc., Muby Chemicals Pvt. Ltd., Merck & Co. Inc., Foodchem International Corporation, Bayer AG, North China Pharmaceutical Group, Sigma-Aldrich Corporation, The Bountiful Company, Reckon Organics Pvt. Ltd., Homart Pharmaceuticals Pty Ltd., Archer-Daniels-Midland Company, Amway Corporation, Tirlán Co-operative Society Limited, Changsha Natureway Co. Ltd., DSM Nutritional Products AG, Glanbia PLC, Gujchem Biotech, Hangzhou Go Top Peptide Biotech Co. Ltd., Hebei Welcome Pharmaceutical Co. Ltd., Huachang Pharmaceuticals, LGM Pharma LLC, Nutrilo GmbH, Shaanxi Iknow Biotechnology Co. Ltd., Shandong Luwei Pharmaceutical, Sichuan Tongsheng Amino Acid Co. Ltd.
Asia-Pacific was the largest region in the ascorbic acid market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the ascorbic acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ascorbic acid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Ascorbic acid, commonly known as vitamin C, is a water-soluble organic compound with a white, crystalline appearance. It is derived from plants of the citrus family and is classified as an antioxidant. Ascorbic acid is utilized in various applications, including food and beverages, among others.
The main types of ascorbic acid derivatives include calcium ascorbate, sodium ascorbate, magnesium ascorbate, potassium ascorbate, and D-isoascorbic ascorbate. Calcium ascorbate, for example, is a calcium salt of ascorbic acid, appearing as a white or yellow crystalline powder. It is employed as a preservative in food, contributing to immunological performance, tissue healing, and other functions. Ascorbic acid is produced in different grades, including pharmaceutical grades and food grades, and is formulated into various forms such as tablets, tonics, and injections. The distribution channels for ascorbic acid encompass both online and offline platforms. Its applications span across industries such as food and beverages, pharmaceuticals, cosmetics, chemicals, agriculture, and others.
The ascorbic acid market research report is one of a series of new reports that provides ascorbic acid market statistics, including ascorbic acid industry global market size, regional shares, competitors with an ascorbic acid market share, detailed ascorbic acid market segments, market trends and opportunities, and any further data you may need to thrive in the ascorbic acid industry. This ascorbic acid market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ascorbic acid market consists of sales of dehydroascorbate, calcium threonate, xylonate, lyxonate, and L-ascorbic acid, industrial grade, cosmetic grade, and liquid and powder form. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The ascorbic acid market size is expected to see strong growth in the next few years. It will grow to $2.42 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to cost-efficiency strategies, health crisis preparedness, consumer preferences for natural additives, global supply chain dynamics. Major trends in the forecast period include sustainable agriculture practices, health and immunity focus, animal feed supplements, technological innovations, global trade dynamics.
The increasing demand to mitigate the risk of chronic diseases is anticipated to drive the growth of the ascorbic acid market in the coming years. Chronic diseases are long-lasting conditions that can typically be managed but not cured. The intake of ascorbic acid and related products can significantly slow the progression of chronic diseases and enhance patients' overall health. For example, in September 2022, the World Health Organization (WHO), a global health agency based in Switzerland, reported that chronic diseases account for 74% of the 41 million deaths worldwide each year. Cardiovascular diseases were responsible for 17.9 million deaths, cancer for 9.3 million, chronic respiratory diseases for 4.1 million, and diabetes for 2 million. Therefore, the rising need to reduce the risk of chronic diseases is set to boost the growth of the ascorbic acid market.
A surge in awareness regarding health and wellness is poised to propel the growth of the ascorbic acid market. Health and wellness, encompassing multifaceted aspects of overall well-being encompassing physical and mental health, find significant support in ascorbic acid, commonly recognized as vitamin C. Its potent antioxidant properties bolster the body's defenses against oxidative stress, fortifying the immune system and fostering holistic well-being. Notably, in September 2022, a survey by McKinsey & Company involving 7,500 consumers across six countries revealed that 79% consider well-being as crucial, with 42% ranking it as a top priority. Thus, the surge in health and wellness awareness stands pivotal in propelling the ascorbic acid market.
Innovations in products constitute a pivotal trend gaining momentum within the ascorbic acid market. Major market players are channeling efforts into innovating ascorbic acid applications, notably in cosmetics, to maintain their positions in the market. For instance, in August 2022, NeoStrata, Inc., a US-based pharmaceutical company specializing in skincare products, introduced the Vitamin C Serum. This innovative serum incorporates 15% Vitamin C, 2% Gluconolactone (PHA), 1% Feverfew Extract, and Green Tea Extract. Designed to address uneven skin tone, dark spots, and visible skin discoloration, the serum also acts as a defense against environmental irritants, marking a significant advancement in skincare technology leveraging ascorbic acid.
Major players within the ascorbic acid market are strategically introducing cutting-edge technologies such as Fiber Interlaced Liposomal (FIL) technology to fortify their market positions. FIL technology represents an innovative approach capable of transforming liquid liposomes into a novel stabilized form of powdered liposomes. For example, in May 2023, Vidya Herbs, an India-based manufacturer specializing in plant extracts and essential oils, unveiled a new technology leveraging Fiber Interlaced Liposomal (FIL) technology to optimize vitamin C. This technological advancement ensures the seamless integration of dietary fibers and lecithin, preserving the spherical core structure of the powder. Consequently, this approach enhances the activity of liposomes, whereby the delivery vehicles for FIL facilitate a controlled release of vitamin C, enhancing absorption and minimizing breakdown within the gastrointestinal tract. The primary objective of this equilibrium optimization is to elevate bioavailability and efficacy while ensuring the sustained release of biomolecules.
In February 2024, Shiseido Americas Corporation, a U.S.-based company known for its innovative beauty products in skincare, acquired DDG Skincare Holdings LLC for an undisclosed amount. This strategic move aims to enhance Shiseido's portfolio by incorporating a dermatologist-developed skincare line celebrated for its innovative, science-based products. DDG Skincare Holdings, also based in the U.S., specializes in offering ascorbic acid in its skincare formulations.
Major companies operating in the ascorbic acid market are Koninklijke DSM NV, Northeast Pharmaceutical Group Co. Ltd., CSPC Pharmaceutical Group, Bactolac Pharmaceutical Inc., BASF SE, LabChem Inc., Muby Chemicals Pvt. Ltd., Merck & Co. Inc., Foodchem International Corporation, Bayer AG, North China Pharmaceutical Group, Sigma-Aldrich Corporation, The Bountiful Company, Reckon Organics Pvt. Ltd., Homart Pharmaceuticals Pty Ltd., Archer-Daniels-Midland Company, Amway Corporation, Tirlán Co-operative Society Limited, Changsha Natureway Co. Ltd., DSM Nutritional Products AG, Glanbia PLC, Gujchem Biotech, Hangzhou Go Top Peptide Biotech Co. Ltd., Hebei Welcome Pharmaceutical Co. Ltd., Huachang Pharmaceuticals, LGM Pharma LLC, Nutrilo GmbH, Shaanxi Iknow Biotechnology Co. Ltd., Shandong Luwei Pharmaceutical, Sichuan Tongsheng Amino Acid Co. Ltd.
Asia-Pacific was the largest region in the ascorbic acid market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the ascorbic acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ascorbic acid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Ascorbic acid, commonly known as vitamin C, is a water-soluble organic compound with a white, crystalline appearance. It is derived from plants of the citrus family and is classified as an antioxidant. Ascorbic acid is utilized in various applications, including food and beverages, among others.
The main types of ascorbic acid derivatives include calcium ascorbate, sodium ascorbate, magnesium ascorbate, potassium ascorbate, and D-isoascorbic ascorbate. Calcium ascorbate, for example, is a calcium salt of ascorbic acid, appearing as a white or yellow crystalline powder. It is employed as a preservative in food, contributing to immunological performance, tissue healing, and other functions. Ascorbic acid is produced in different grades, including pharmaceutical grades and food grades, and is formulated into various forms such as tablets, tonics, and injections. The distribution channels for ascorbic acid encompass both online and offline platforms. Its applications span across industries such as food and beverages, pharmaceuticals, cosmetics, chemicals, agriculture, and others.
The ascorbic acid market research report is one of a series of new reports that provides ascorbic acid market statistics, including ascorbic acid industry global market size, regional shares, competitors with an ascorbic acid market share, detailed ascorbic acid market segments, market trends and opportunities, and any further data you may need to thrive in the ascorbic acid industry. This ascorbic acid market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ascorbic acid market consists of sales of dehydroascorbate, calcium threonate, xylonate, lyxonate, and L-ascorbic acid, industrial grade, cosmetic grade, and liquid and powder form. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Ascorbic Acid Market Characteristics3. Ascorbic Acid Market Trends and Strategies4. Ascorbic Acid Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Ascorbic Acid Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Ascorbic Acid Market34. Recent Developments in the Ascorbic Acid Market
5. Global Ascorbic Acid Growth Analysis and Strategic Analysis Framework
6. Ascorbic Acid Market Segmentation
7. Ascorbic Acid Market Regional and Country Analysis
8. Asia-Pacific Ascorbic Acid Market
9. China Ascorbic Acid Market
10. India Ascorbic Acid Market
11. Japan Ascorbic Acid Market
12. Australia Ascorbic Acid Market
13. Indonesia Ascorbic Acid Market
14. South Korea Ascorbic Acid Market
15. Western Europe Ascorbic Acid Market
16. UK Ascorbic Acid Market
17. Germany Ascorbic Acid Market
18. France Ascorbic Acid Market
19. Italy Ascorbic Acid Market
20. Spain Ascorbic Acid Market
21. Eastern Europe Ascorbic Acid Market
22. Russia Ascorbic Acid Market
23. North America Ascorbic Acid Market
24. USA Ascorbic Acid Market
25. Canada Ascorbic Acid Market
26. South America Ascorbic Acid Market
27. Brazil Ascorbic Acid Market
28. Middle East Ascorbic Acid Market
29. Africa Ascorbic Acid Market
30. Ascorbic Acid Market Competitive Landscape and Company Profiles
31. Ascorbic Acid Market Other Major and Innovative Companies
35. Ascorbic Acid Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Ascorbic Acid Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on ascorbic acid market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for ascorbic acid? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ascorbic acid market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Calcium Ascorbate; Sodium Ascorbate; Magnesium Ascorbate; Potassium Ascorbate; D-Isoascorbic Ascorbate2) by Grade: Pharmaceuticals Grade; Food Grade; Other Grades
3) by Form: Tablet; Tonic; Injection
4) by Distribution Channel: Online; Offline
5) by Application: Food and Beverages; Pharmaceutical; Cosmetics; Chemicals; Agriculture; Other Applications
Subsegments:
1) by Calcium Ascorbate: Powdered Calcium Ascorbate; Granulated Calcium Ascorbate2) by Sodium Ascorbate: Powdered Sodium Ascorbate; Granulated Sodium Ascorbate
3) by Magnesium Ascorbate: Powdered Magnesium Ascorbate; Granulated Magnesium Ascorbate
4) by Potassium Ascorbate: Powdered Potassium Ascorbate; Granulated Potassium Ascorbate
5) by D-Isoascorbic Ascorbate: Powdered D-Isoascorbic Ascorbate; Granulated D-Isoascorbic Ascorbate
Key Companies Mentioned: Koninklijke DSM NV; Northeast Pharmaceutical Group Co. Ltd.; CSPC Pharmaceutical Group; Bactolac Pharmaceutical Inc.; BASF SE
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Ascorbic Acid market report include:- Koninklijke DSM NV
- Northeast Pharmaceutical Group Co. Ltd.
- CSPC Pharmaceutical Group
- Bactolac Pharmaceutical Inc.
- BASF SE
- LabChem Inc.
- Muby Chemicals Pvt. Ltd.
- Merck & Co. Inc.
- Foodchem International Corporation
- Bayer AG
- North China Pharmaceutical Group
- Sigma-Aldrich Corporation
- The Bountiful Company
- Reckon Organics Pvt. Ltd.
- Homart Pharmaceuticals Pty Ltd.
- Archer-Daniels-Midland Company
- Amway Corporation
- Tirlán Co-operative Society Limited
- Changsha Natureway Co. Ltd.
- DSM Nutritional Products AG
- Glanbia PLC
- Gujchem Biotech
- Hangzhou Go Top Peptide Biotech Co. Ltd.
- Hebei Welcome Pharmaceutical Co. Ltd.
- Huachang Pharmaceuticals
- LGM Pharma LLC
- Nutrilo GmbH
- Shaanxi Iknow Biotechnology Co. Ltd.
- Shandong Luwei Pharmaceutical
- Sichuan Tongsheng Amino Acid Co. Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 1.7 Billion |
| Forecasted Market Value ( USD | $ 2.42 Billion |
| Compound Annual Growth Rate | 9.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 31 |
