Published: 23-Aug-2016 | Published By: Market Research Store
Zion Market Research has published a new report titled “Ascorbic Acid Market for Pharmaceutical, Food & Beverages, Personal Care, and Other End-user Industries: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2015 - 2021.” According to the report, the global ascorbic acid market was around 150.2-kilo tons in 2015. The global ascorbic acid market revenue accounted for USD 820.4 million in 2015 and is expected to reach USD 1083.8 million by 2021, growing at a CAGR of around 4.8% between 2016 and 2021.
The global Ascorbic Acid market is expected to witness moderate growth over the forecast period on account of increasing demand from pharmaceutical industry. 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.
Browse the full "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" report at http://www.marketresearchstore.com/report/ascorbic-acid-market-z71526
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. This is expected to curb the growth of the ascorbic acid market over the years. 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.
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 in 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.
This report segments the global ascorbic acid market as follows:
Global Ascorbic Acid Market: End-user Segment Analysis
- Food & beverages
- Personal Care
Global Ascorbic Acid Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
3422 SW 15 Street,Suite #8138
Deerfield Beach, Florida 33442
Toll Free: +1-855-465-4651 (USA-CANADA)
2019-2024 Global and Regional X-ray Detector Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report
2019-2024 Global and Regional Stoma/Ostomy Care Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report
2019-2024 Global and Regional Starter Fertilizers Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report
2019-2024 Global and Regional Smart Lock Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report
2019-2024 Global and Regional Semi-Autonomous Vehicles Industry Production, Sales and Consumption Status and Prospects Professional Market Research ReportView More
Global Chitosan Market Set for Rapid Growth, To Reach USD 4.74 Billion by 2021
Zion Market Research has published a new report titled Chitosan Market for Water Treatment, Biomed
Development of e-commerce to Reshape Global Mobile Hotspot Router Market
Mobile hotspot is a popular feature on smart phones that provide wireless internet access on many
Global Carotenoids Market Is Expected To Reach Around USD 1.52 Billion in 2021
Zion Market Research has published a new report titled Carotenoids Market by Type (Astaxanthin, Be
Soaring Demand from Food & Beverages Industry to Act as Prime Driving for Ascorbic Acid Market, Reports Zion Market Research
Ascorbic acid is extensively available in nature, mostly rich in leafy vegetables and fresh fruits
Global Energy Management System (EMS) Market Is Set for a Rapid Growth and is Expected to Reach USD 63,161.5 million by 2021
Zion Market Research has published a new report titled Energy Management System Market (EMS) by So