Projected Compound Annual Growth Rate of 5.1% for the Vitamin C Ingredient Market by 2034
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In the ever-evolving world of health and wellness, the global vitamin C ingredients market is a sector that continues to thrive. Here's a snapshot of the current landscape and some key players making waves in this industry.
Sabinsa, a pioneer in the field, has innovated with its branded, patented ingredient Lacto-C. Meanwhile, the industrial sector holds a dominant 74.2% share of the market, with synthetic vitamin C accounting for 67.9% of this share in 2024. China, being the hub of global vitamin C manufacturing, produces nearly 70-80% of the total supply.
The market is segmented by offline and online distribution channels, with offline channels leading the way with a 69.7% share in 2024. Ascorbic acid powder leads the global market, accounting for 31.3% of the total share.
The Global Vitamin C Ingredients Market is projected to reach USD 3.9 billion by 2034. The top use cases for these ingredients include dietary supplements, food and beverage fortification, pharmaceutical formulations, cosmetics and skincare, and animal feed additives.
Government regulations and nutritional guidelines are shaping demand, such as India's FSSAI doubling the RDA for men and women in July 2023. North America leads the market, capturing a 42.7% share in 2024 and generating approximately USD 1 billion in revenue.
Key players in the market include NOW Foods, which has expanded its vitamin C product line with innovative delivery formats, and DSM, offering a traceable and sustainable vitamin C product called Quali-C. Mason Vitamins focuses on expanding finished product formulations incorporating various forms of vitamin C.
Roquette is developing novel excipients and delivery solutions for vitamin C formulations, while Sabinsa continues to innovate with its Lacto-C ingredient. Vitamin C ingredients are evolving as a go-to powerhouse across the wellness and beauty worlds, with growing love for balanced living cementing their spot in hearts and routines everywhere.
In China, several companies are involved in the production of synthetic vitamin C, typically using the industrial fermentation process with Glucose as the starting material to produce Ascorbic acid. This cost-effective and widespread method is common in the Chinese vitamin-C industry. In 2022, China's raw material output exceeded 300,000 tons, and exports were valued at around USD 950 million.
For potential clients, a request has been made to share their requirements in more detail so the analyst can check if they can solve their problem(s). As the market continues to grow and evolve, it's an exciting time for companies and consumers alike in the vitamin C ingredients sector.
