Investment Business Idea in Vitamin C Manufacturing Plant. Start Own Industry of Ascorbic Acid manufacturing.
Vitamin C, also known as ascorbic acid and ascorbate, is a vitamin found in various foods and sold as a dietary supplement. It is used to prevent and treat scurvy. Vitamin C is an essential nutrient involved in the repair of tissue and the enzymatic production of certain neurotransmitters. It is required for the functioning of several enzymes and is important for immune system function. It also functions as an antioxidant.
Ascorbic acid is reversibly oxidized (by removal of the hydrogen from the enediol group of ascorbic acid) to dehydroascorbic acid. The two forms found in body fluids are physiologically active. Some ascorbic acid is metabolized to inactive compounds including ascorbic acid-2-sulfate and oxalic acid.
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The Ascorbic Acid market is projected to grow at a rate of 5.2% from USD 1.04 Billion in 2019 to reach USD 1.63 Billion by 2027. Increasing health awareness, wide application base and rising demand from the pharmaceutical and food & beverages industry are the key factors that have paved way for the growth of the global Ascorbic Acid market.
ascorbic acid is a nutritional source for living organisms and thus, finds a wide range of applications in food & beverage, agriculture, and pharmaceutical industries. It also finds applications in cosmetics, chemical and other industries. Ascorbic acid is naturally available and can be manufactured synthetically through the Reichstein or two-stage fermentation process.
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South Asia’s Ascorbic Acid Market Anticipated to be a High Value–High Growth Pocket
The global ascorbic acid market is estimated to register a significant growth rate in the near future. South Asia is estimated to be a prominent region in terms of both volume and value share in the global ascorbic acid market. China and India are major consumers in the ascorbic acid market due to the presence of a number of small-sized manufacturing players, especially, chemical, pharmaceutical, and food industries. Developed markets, including Europe and North America, are anticipated to hold a collective revenue share of around a fourth of the market value in the global ascorbic acid landscape through 2028.
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Europe and East Asia, collectively, are estimated to hold one-fourth share in the global ascorbic acid market. In the East Asia region, China is a major consumer and is estimated to hold significant share during the forecast period. It is projected to grow at a CAGR of 4.2 per cent during the forecast period.
In terms of end-use segments, the food and beverage segment is estimated to hold approximately three-fourth market value share in the global market, and is projected to grow at a healthy growth rate during the forecast period.
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Ascorbic acid finds various applications in the food as well as pharmaceutical sectors. Within the food and beverage industry, ascorbic acid is utilised as a protein source in various food items.
The growing demand for food and beverage products from emerging economies, such as India and China, is expected to drive the concerned market during the forecast period.
This growth in population is anticipated to create a huge demand for food and beverage products, which, in turn, will drive the global ascorbic acid market during the forecast period.
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The intake of Vitamin C has doubled in the last few decades due to growing awareness about health benefits of Vitamin C. Ascorbic acid is a good source of Vitamin C. As a result of these factors, the global ascorbic acid market is expected to witness lucrative growth throughout the forecast period.
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Key Players in the global Ascorbic Acid Market
The report on the global ascorbic acid market studies some of the major players in the ascorbic acid market across the world, such as Sigma-Aldrich Corporation (Merck), Koninklijke DSM N.V., Northeast Pharmaceutical Group Co., Ltd., CSPC Pharmaceutical Group Limited, MUBY CHEMICALS, Shandong Luwei Pharmaceutical, North China Pharmaceutical Co. Ltd, Glanbia Nutritionals China (Suzhou) Co., Ltd, LabChem Inc., and China BBCA Group Corporation, Merck KGaA,Koninklijke DSM N.V., Northeast Pharmaceutical Group, Shandong Luwei Pharmaceutical, Foodchem International Corporation among others.
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