Vitamin C Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Vitamin C is a water-soluble vitamin also termed as ascorbic acid and L-ascorbic acid. Its chemical formula is C6H8O6. It usually occurs as a slightly yellow or white crystal or powder with a mild acidic taste. It rapidly oxidizes in solution but practically stable in air. It is insoluble in chloroform and in benzene, soluble in water, and sparingly soluble in alcohol.
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The factors that are playing a major role in the growth of Vitamin C (Ascorbic Acid) Market are rising demand for potassium, calcium and sodium salts of ascorbic acid as an antioxidant food additive. On the other hand, price fluctuations and uncertain raw material supply are the factors restraining overall market growth.
Vitamin C (Ascorbic Acid) Market is segmented based on product type, forms, applications, and region. Product types such as Pharmaceutical Grade, Food Grade, Feed Grade, and others classify the market. Forms such as injection form, tonic, and tablet classify Vitamin C (Ascorbic Acid) Market.
Applications into Nutraceuticals, Food & Beverages, Pharmaceuticals, Feed Industry, Medical Industry, Personal Care, and others classify Vitamin C (Ascorbic Acid) Market. Vitamin C (Ascorbic Acid) Market is segmented geographically Americas (North America, Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.
The key players of Vitamin C (Ascorbic Acid) Market are Shandong Luwei Pharmaceutical, BASF SE, DSM, Nestle, Dishman Group, Bactolac Pharmaceutical Inc., North China Pharmaceutical Group, and Aland Nutraceuticals Group. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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Top Key Manufacturers of Vitamin C market are :-
- CSPC Pharmaceutical Group
- Shandong Luwei Pharmaceutical
- Northeast Pharmaceutical
- North China Pharmaceutical
Vitamin C Market by Product Type:
- Feed Grade
- Pharmaceutical Grade
- Food Grade
Vitamin C Market by Applications:
- Pharmaceutical Industry
- Food Industry
- Feed Industry
Geographical Analysis of Vitamin C Market:-
- North America
- Southeast Asia
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