Vitamin C Market Developments Opportunities

Vitamin C Market, Developments, Opportunities Witness Significant Growth

Market Analysis

The global vitamin C market is anticipated to grow at a
remarkable CAGR during the forecast period (2018-2023), as per the new Market
Research Future (MRFR) report. Vitamin C is an essential nutrient for health as
it helps in forming and maintaining skin, bones, and blood vessels. It occurs
naturally both in fruits as well as vegetables, but today vitamin C supplements
are also available.

Vitamin C plays a pivotal role in various bodily functions
which include the production of L-carnitine, collagen, and some
neurotransmitters. It offers a long list of benefits. Vitamin C is a strong
antioxidant, lowers blood pressure, boosts the immune system, increases iron
absorption, maintains healthy hair and skin, helps in weight loss, and is good
for mental and physical health.

Various factors are propelling the vitamin C market growth.
These factors in accordance to the MRFR report, include the strong application
of vitamin C in processed food industries, animal feed, pharmaceutical, and
cosmetics, growing demand for dietary supplement, and increasing use as a
preservative in food & beverages. Additional factors pushing market growth
include increasing incidences of skin-related diseases, and growing demand for
sunscreen lotions, anti-aging creams, and other forms of bio-based cosmetic
products.

Key Players

Leading players profiled in the natural
vitamin C market report include Abbott Laboratories (US),
GlaxoSmithKline plc (UK), Danisco (UK), GlaxoSmithKline plc (UK), Amway (US),
Bayer AG (Germany), Abbott Laboratories (US), Nutraceutics Inc., (US), and
Nutraceutics Inc., (US), among others. Key players have incorporated various
strategies in order to strengthen their position in the market such as
partnerships, expansions, mergers and acquisitions, product launches, research
and development, and more.

Market Segmentation

The MRFR report provides a complete segmental analysis of
the vitamin C market on the basis of type, form, and application.

Based on type, the vitamin C market is segmented into
D-is ascorbic acid, magnesium ascorbate, potassium ascorbate, calcium ascorbate
sodium ascorbate, and others. Of these, the sodium ascorbate segment will have
the largest share in the market over the forecast period owing to its wide use
as a reducing agent. It contains antioxidant properties.

Based on form, the vitamin C market is segmented into
injection, tablet, and tonic. Of these, the tablet segment will dominate the
market over the forecast period.

Based on application, the vitamin C market is
segmented into animal feed, food and beverages, cosmetics, and pharmaceutical.
Of these, the food and beverage segment will lead the market over the forecast
period. This is owing to its wide use in food preservatives in the food and
beverage industry.

Regional Analysis

By region, the vitamin
C market report covers the latest trends and growth opportunities
across North America, the Asia Pacific, Europe, and the Rest of the World. Of
these, APAC will dominate the market during the forecast period. This is on
account of the prevalence of vitamin deficiencies, easy availability of
products containing vitamin C, growing animal feed industry, and consumer
awareness regarding the health benefits of vitamin C.

The vitamin C market in North America is predicted to have
favorable growth over the forecast period. This is on account of its growing
use in the food processing and cosmetics industry, booming pharmaceutical
industry, and US FDA support for the use of vitamin C.

The vitamin C market in Europe is predicted to have a
notable growth over the forecast period. This is owing to favorable regulations
laid down by the government that advocates the usage of vitamin C in the Food
and Beverage industry as food additives.

The vitamin C market in the Rest of the World is predicted
to have a steady growth over the forecast period.

August 2019: Perfectly Posh has come up with its
first line of vanity supplements to offer men and women that ultimate pampering
experience. The product line includes So Perky Energy Drink Mix, Happy Dance
Mood Enhancing Hard Candy, and Very Sleepy Gumdrops. The So Perky Energy Drink
Mix contains natural caffeine from green coffee along with peppermint, vitamin
C and B to help skin appear revitalized and also increase energy levels.

NOTE: Our Team of Researchers are Studying Covid19 and
its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
Cordially get in Touch for More Details.