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Ascorbic Acid Market for Pharmaceutical, Food & Beverages, Personal Care and Other End-user Industries: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021

Published: Aug-2016 | Format: PDF | Zion | Number of pages: 110 | Code: MRS - 71526

The report provides analysis and forecast for the ascorbic acid market on a regional and global level. The study covers historic data of 2015 shared along with a forecast from 2016 to 2021 based on revenue (USD million) and volume (kilo tons). The study provides drivers and restraints for the ascorbic acid market coupled along with the impact they have on the demand over the forecast period. Moreover, the report also covers the analysis of opportunities existing in the ascorbic acid market on a global level.

With the objective to give the users of this report a complete view of the Ascorbic Acid market and to better understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the Ascorbic Acid market has also been covered. The study shares a market attractiveness analysis, wherein end-user segments are benchmarked based on their growth rate, market size, and general attractiveness.

The study provides a clear view of the ascorbic acid market by segmenting the market based on end-user segment and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. Based on the end-user segment, the Ascorbic Acid market has been segmented into pharmaceutical, food & beverages, personal care, and other end-users. The regional segmentation includes the current and forecast demand for North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa with its further bifurcation into major countries including China, Japan, India U.S. Germany, France, UK, and Brazil.

Some of the key players in the market include DSM, DuPont, BASF SE, Northeast Pharmaceutical Group, Shandong Luwei Pharmaceutical, Hebei Welcome Pharmaceutical Co, North China Pharmaceutical Group, Bactolac Pharmaceutical Inc, CSPC Pharmaceutical Group, Dishman Group, Aland Nutraceuticals Group, NBTY Inc., GlaxoSmithKline Plc. and others. The thorough description of players includes parameters such as company overview, business, financial overview, and recent developments of the company.

This report segments the global ascorbic acid market as follows:

Global Ascorbic Acid Market: End-user Segment Analysis

  • Pharmaceutical
  • Food & beverages
  • Personal Care
  • Others

Global Ascorbic Acid Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa
  • Chapter 1. Introduction
    • 1.1. Report Description And Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Global Ascorbic Acid Market, 2015 - 2021 (Kilo Tons) (USD Million)
    • 2.2. Global Ascorbic Acid Market: Snapshot
  • Chapter 3. Ascorbic Acid – Market Dynamics
    • 3.1. Introduction
    • 3.2. Value Chain Analysis
    • 3.3. Market Drivers
      • 3.3.1. Global Ascorbic Acid Market Drivers: Impact Analysis
      • 3.3.2. Increasing Demand for Food and Health Supplements
    • 3.4. Market Restraints
      • 3.4.1. Fluctuation in Prices of Raw Materials
    • 3.5. Opportunities
      • 3.5.1. Increasing Investment in Research & Development
    • 3.6. Porter’s Five Forces Analysis
      • 3.6.1. Bargaining Power Of Suppliers
      • 3.6.2. Bargaining Power Of Buyers
      • 3.6.3. Threat From New Entrants
      • 3.6.4. Threat From New Substitutes
      • 3.6.5. Degree Of Competition
    • 3.7. Market Attractiveness Analysis
      • 3.7.1. Market Attractiveness Analysis, By End-User Segment
      • 3.7.2. Market Attractiveness Analysis, By Regional Segment
  • Chapter 4. Global Ascorbic Acid Market – Competitive Landscape
    • 4.1. Company Market Share, 2015 (Subject To Data Availability)
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New End-User Launch
      • 4.2.3. Agreements, Partnerships, Collaborations And Joint Ventures
      • 4.2.4. Research And Development, End-User And Regional Expansion
    • 4.3. Product Portfolio
    • 4.4. Patent Analysis (2011-2016)
      • 4.4.1. Patent Trend
      • 4.4.2. Patent Share By Company
      • 4.4.3. By Region
  • Chapter 5. Global Ascorbic Acid Market – End-User Segment Analysis
    • 5.1. Global Ascorbic Acid Market: End-User Segment Overview
      • 5.1.1. Global Ascorbic Acid Market Revenue Share, By End-User Segment, 2015 And 2021
    • 5.2. Pharmaceutical
      • 5.2.1. Global Ascorbic Acid Market For Pharmaceutical, 2015 – 2021 (Kilo Tons) (USD Million)
    • 5.3. Food & Beverages
      • 5.3.1. Global Ascorbic Acid Market For Food & Beverages, 2015 – 2021 (Kilo Tons) (USD Million)
    • 5.4. Personal Care
      • 5.4.1. Global Ascorbic Acid Market For Personal Care, 2015 – 2021 (Kilo Tons) (USD Million)
    • 5.5. Others
      • 5.5.1. Global Ascorbic Acid Market For Other End-Users, 2015 – 2021 (Kilo Tons) (USD Million)
  • Chapter 6. Global Ascorbic Acid Market – Regional Segment Analysis
    • 6.1. Global Ascorbic Acid Market: Regional Overview
      • 6.1.1. Global Ascorbic Acid Market Volume Share By Region, 2015 And 2021
    • 6.2. North America
      • 6.2.1. North America Ascorbic Acid Market Volume, By End-User, 2015 – 2021, ( Kilo Tons)
      • 6.2.2. North America Ascorbic Acid Market Revenue, By End-User, 2015 – 2021, (USD Million)
      • 6.2.3. U.S.
        • 6.2.3.1. U.S. Ascorbic Acid Market Volume, By End-User, 2015 – 2021 ( Kilo Tons)
        • 6.2.3.2. U.S. Ascorbic Acid Market Revenue, By End-User, 2015 – 2021 (USD Million)
    • 6.3. Europe
      • 6.3.1. Europe Ascorbic Acid Market Volume, By End-User, 2015 – 2021 (Kilo Tons)
      • 6.3.2. Europe Ascorbic Acid Market Revenue, By End-User, 2015 – 2021 (USD Million)
      • 6.3.3. UK
        • 6.3.3.1. UK Ascorbic Acid Market Volume, By End-User, 2015 – 2021 ( Kilo Tons)
        • 6.3.3.2. UK Ascorbic Acid Market Revenue, By End-User, 2015 – 2021 (USD Million)
      • 6.3.4. France
        • 6.3.4.1. France Ascorbic Acid Market Volume, By End-User, 2015 – 2021, ( Kilo Tons)
        • 6.3.4.2. France Ascorbic Acid Market Revenue, By End-User, 2015 – 2021, (USD Million)
      • 6.3.5. Germany
        • 6.3.5.1. Germany Ascorbic Acid Market Volume, By End-User, 2015 – 2021, ( Kilo Tons)
        • 6.3.5.2. Germany Ascorbic Acid Market Revenue, By End-User, 2015 – 2021, (USD Million)
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Ascorbic Acid Market Volume, By End-User, 2015 – 2021 ( Kilo Tons)
      • 6.4.2. Asia Pacific Ascorbic Acid Market Revenue, By End-User, 2015 – 2021 (USD Million)
      • 6.4.3. China
        • 6.4.3.1. China Ascorbic Acid Market Volume, By End-User, 2015 – 2021 ( Kilo Tons)
        • 6.4.3.2. China Ascorbic Acid Market Revenue, By End-User, 2015 – 2021 (USD Million)
      • 6.4.4. Japan
        • 6.4.4.1. Japan Ascorbic Acid Market Volume, By End-User, 2015 – 2021 ( Kilo Tons)
        • 6.4.4.2. Japan Ascorbic Acid Market Revenue, By End-User, 2015 – 2021 (USD Million)
      • 6.4.5. India
        • 6.4.5.1. India Ascorbic Acid Market Volume, By End-User, 2015 – 2021 ( Kilo Tons)
        • 6.4.5.2. India Ascorbic Acid Market Revenue, By End-User, 2015 – 2021 (USD Million)
    • 6.5. Latin America
      • 6.5.1. Latin America Ascorbic Acid Market Volume, By End-User, 2015 – 2021 ( Kilo Tons)
      • 6.5.2. Latin America Ascorbic Acid Market Revenue, By End-User, 2015 – 2021 (USD Million)
      • 6.5.3. Brazil
        • 6.5.3.1. Brazil Ascorbic Acid Market Volume, By End-User, 2015 – 2021 ( Kilo Tons)
        • 6.5.3.2. Brazil Ascorbic Acid Market Revenue, By End-User, 2015 – 2021 (USD Million)
    • 6.6. Middle East And Africa
      • 6.6.1. Middle East And Africa Ascorbic Acid Market Volume, By End-User, 2015 – 2021 ( Kilo Tons)
      • 6.6.2. Middle East And Africa Ascorbic Acid Market Revenue, By End-User, 2015 – 2021 (USD Million)
  • Chapter 7. Company Profile
    • 7.1. DSM
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product Portfolio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. DuPont
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product Portfolio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. BASF SE
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product Portfolio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Developments
    • 7.4. Northeast Pharmaceutical Group
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product Portfolio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Developments
    • 7.5. Shandong Luwei Pharmaceutical
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product Portfolio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Developments
    • 7.6. Bactolac Pharmaceutical Inc.
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product Portfolio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Developments
    • 7.7. CSPC Pharmaceutical Group
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Product Portfolio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Developments
    • 7.8. Hebei Welcome Pharmaceutical Co.
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Product Portfolio
      • 7.8.4. Business Strategy
      • 7.8.5. Recent Developments
    • 7.9. North China Pharmaceutical Group
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Product Portfolio
      • 7.9.4. Business Strategy
      • 7.9.5. Recent Developments
    • 7.10. Dishman Group
      • 7.10.1. Overview
      • 7.10.2. Financials
      • 7.10.3. Product Portfolio
      • 7.10.4. Business Strategy
      • 7.10.5. Recent Developments
    • 7.11. Aland Nutraceuticals Group
      • 7.11.1. Overview
      • 7.11.2. Financials
      • 7.11.3. Product Portfolio
      • 7.11.4. Business Strategy
      • 7.11.5. Recent Developments
    • 7.12. NBTY Inc.
      • 7.12.1. Overview
      • 7.12.2. Financials
      • 7.12.3. Product Portfolio
      • 7.12.4. Business Strategy
      • 7.12.5. Recent Developments
    • 7.13. GlaxoSmithKline Plc.
      • 7.13.1. Overview
      • 7.13.2. Financials
      • 7.13.3. Product Portfolio
      • 7.13.4. Business Strategy
      • 7.13.5. Recent Developments

List of Tables

1. Ascorbic Acid Market: Market Snapshot                                                            
2. Product Type Of Ascorbic Acid Market
3. Drivers Of Global Ascorbic Acid Market: Impact Analysis
4. Restraints Of Global Ascorbic Acid Market: Impact Analysis
5. Global Ascorbic Acid Production Capacity, 2015 (Kilo Tons)
6. North America Ascorbic Acid Market Volume, By End-Users , 2015 - 2021 (Kilo Tons)
7. North America Ascorbic Acid Market Revenue, By End-Users, 2015 - 2021 (USD Million)
8. U.S. Ascorbic Acid Market Volume, By End-Users, 2015 – 2021 ( Kilo Tons)
9. U.S. Ascorbic Acid Market Revenue, By End-Users, 2015 – 2021 (USD Million)
10. Europe Ascorbic Acid Market Volume, By End-Users, 2015 – 2021 (Kilo Tons)
11. Europe Ascorbic Acid Market Revenue, By End-Users, 2015 – 2021 (USD Million)
12. UK Ascorbic Acid Market Volume, By End-Users, 2015 – 2021 ( Kilo Tons)
13. UK Ascorbic Acid Market Revenue, By End-Users, 2015 – 2021 (USD Million)
14. France Ascorbic Acid Market Volume, By End-Users, 2015 – 2021, ( Kilo Tons)
15. France Ascorbic Acid Market Revenue, By End-Users, 2015 – 2021, (USD Million)
16. Germany Ascorbic Acid Market Revenue, By End-Users, 2015 – 2021, (USD Million)
17. Asia Pacific Ascorbic Acid Market Volume, By End-Users, 2015 – 2021 ( Kilo Tons)
18. Asia Pacific Ascorbic Acid Market Revenue, By End-Users, 2015 – 2021 (USD Million)
19. China Ascorbic Acid Market Volume, By End-Users, 2015 – 2021 ( Kilo Tons)
20. China Ascorbic Acid Market Revenue, By End-Users, 2015 – 2021 (USD Million)
21. Japan Ascorbic Acid Market Volume, By End-Users, 2015 – 2021 ( Kilo Tons)
22. Japan Ascorbic Acid Market Revenue, By End-Users, 2015 – 2021 (USD Million)
23. India Ascorbic Acid Market Volume, By End-Users, 2015 - 2021 (Kilo Tons)
24. India Ascorbic Acid Market Revenue, By End-Users, 2015 - 2021 (USD Million)
25. Latin America Ascorbic Acid Market Volume, By End-Users, 2015 - 2021 (Kilo Tons)
26. Latin America Ascorbic Acid Market Revenue, By End-Users, 2015 – 2021 (USD Million)
27. Brazil Ascorbic Acid Market Volume, By End-Users, 2015 - 2021 (Kilo Tons)
28. Brazil Ascorbic Acid Market Revenue, By End-Users, 2015 - 2021 (USD Million)
29. Middle East And Africa Ascorbic Acid Market Volume, By End-Users, 2015 - 2021 (Kilo Tons)
30. Middle East And Africa Ascorbic Acid Market Revenue, End-Users, 2015 - 2021 (USD Million)


List of Figures

1. Market Research Process
2. Market Research Methodology
3. Global Ascorbic Acid Market Revenue, 2015 - 2021 (Kilo Tons) (USD Million)
4. Porter’s Five Forces Analysis
5. Ascorbic Acid : Market Attractiveness Analysis, By End-User Segment
6. Ascorbic Acid : Market Attractiveness Analysis, By Regional Segment
7. Company Market Share Analysis, 2015 And 2021
8. Global Ascorbic Acid Market Revenue Share By End-User, 2015 And 2021
9. Ascorbic Acid Market For Pharmaceutical , 2015 - 2021, (Kilo Tons) (USD Million)
10. Ascorbic Acid Market For Food & Beverages, 2015 - 2021, (Kilo Tons) (USD Million)
11. Ascorbic Acid Market For Paints & Coatings, 2015 - 2021, (Kilo Tons) (USD Million)
12. Ascorbic Acid Market For Other End-Users, 2015 - 2021, (Kilo Tons) (USD Million)
13. Global Ascorbic Acid Market Share, By Region, 2015 - 2021
14. North America Ascorbic Acid Market, 2015 - 2021, (Kilo Tons) (USD Million)
15. Europe Ascorbic Acid Market, 2015 - 2021, (Kilo Tons) (USD Million)
16. Asia Pacific Ascorbic Acid Market, 2015 – 2021, (Kilo Tons) (USD Million)
17. Latin America Ascorbic Acid Market, 2015-2021, (Kilo Tons) (USD Million)
18. Middle East & Africa Ascorbic Acid Market, 2015 - 2021, (Kilo Tons) (USD Million)

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Zion Market Research uses the synergy of combination of both primary research and secondary research for its research reports. For this study, we have conducted extensive primary research, wherein we have conducted in-depth interviews of the key opinion leader of this industry. Primary research make up for the biggest chunk of our data sources in addition to secondary research.

We referred to product literature of leading industry participants, annual reports, press releases, government publications, and other relevant sources for data collection and analysis thereof. Secondary research also includes a search of recent trade journals, technical writing, internet sources, and statistical data from government websites, trade associations and agencies.

Zion Research has collected key data related to the Ascorbic Acid Market and analyzed these data using a variety of methods. The market dynamics have been ascertained following a detailed study of the micro, meso, and macroeconomic indicators of the market.

This report is based on in-depth qualitative and quantitative analyses of the Global Ascorbic Acid Market. The quantitative analysis involved the application of various projection and sampling techniques. The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions.

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically partake in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Based on the research results and technical insights thus gathered, Zion research analysts have provided a comprehensive analysis of the varied aspects of the market. The impact of global economic conditions and other macroeconomic indicators was also considered when assessing the market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Ascorbic acid a water-soluble micronutrient is necessary for normal growth and development. In the body ascorbic acid helps to form collagen in bones, cartilage, muscle, and blood vessels and aids in the absorption of iron. It is an antioxidant that helps maintain the connective tissue protein collagen and protects against infection. Ascorbic acid is widely distributed in nature, mostly rich in fresh fruits and leafy vegetables such as guava, mango, papaya, cabbage, mustard leaves and spinach. Animal sources of this vitamin such as poultry, meat, fish, eggs and dairy products contain minor amounts and are not major sources. Ascorbic acid generally occurs in white solid form.  Severe deficiency of vitamin C causes scurvy. Patients with scurvy are treated with vitamin C. The chemical properties of ascorbic acid provide a broad range of industrial applications. Ascorbic acid is used in multiple end-user industries including food & beverages, pharmaceutical, personal care and others.

Changing lifestyle, eating habits of people and lack of exercise is affecting people health. This, in turn, is resulting in an increase the number of diabetic patients and other health issues. These health issues are expected to open a wide array of opportunities for growth of ascorbic acid in pharmaceutical industry. Moreover, ascorbic acid possesses good antioxidant properties and can act as a reducing agent. As a result, huge demand can be seen for potassium (K), calcium (Ca) and sodium (Na) salts of ascorbic acid. Ascorbic acid production is hugely dependent on the availability of raw material. Thus, any fluctuation in availability and prices of raw material can severely affect the ascorbic acid market. Thus, it can act as a possible restraint for growth ascorbic acid market. However, investments in research and development by major industry players coupled along with exponential technological advancements in the pharmaceutical industry is expected to act as a major opportunity for ascorbic acid market. 

Ascorbic Acid Market

The majority of ascorbic acid manufactured is used as an antioxidant. The major end-user industries of ascorbic acid are pharmaceuticals, food & beverages, personal care, and others. The pharmaceutical industry is the largest consumer of ascorbic acid. Vitamin C helps to recycle vitamin E. About one-third of the total production of ascorbic acid is used for vitamin preparations in the pharmaceutical industry. The rest is mainly applied as an additive to food and feed to enhance product quality and stability. Ascorbic acid added to foodstuffs during processing or before packing protects color, aroma and nutrient content. The usage of ascorbic acid in food & beverages industry is expected to grow at a healthy CAGR during the forecast period.

In terms of geography, Asia-Pacific was the largest consumer of ascorbic acid in 2015. The consumption in Asia Pacific is expected to grow at a rapid pace mainly due to the availability of low-cost manufacturing facilities in China. China is the largest consumer and producer of ascorbic acid. Moreover, the ever increasing demand for food and health supplements primarily in Asia Pacific is expected to boost the demand for ascorbic acid in this region. Europe and North America also consume ascorbic acid on large scale. The demand for ascorbic acid in this region is also expected to grow in coming years as a result of increasing demand from personal care and food & beverages end-user industry.  Ascorbic Acid demand is increasing in emerging nations such as Brazil, India, and China.

Some of the key players of the market include, DSM, DuPont, BASF SE, Northeast Pharmaceutical Group, Shandong Luwei Pharmaceutical, Bactolac Pharmaceutical Inc, CSPC Pharmaceutical Group, Hebei Welcome Pharmaceutical Co, North China Pharmaceutical Group, Dishman Group, Aland Nutraceuticals Group, NBTY Inc., GlaxoSmithKline Plc. and others.


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