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Global Ascorbic Acid Market Report Growth (2019 – 2024) – CAGR Status, Market Growth, Trends, Analysis and Forecasts upto upcoming five years – 360 Market Updates

Ascorbic Acid

Ascorbic Acid Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Ascorbic Acid market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Ascorbic Acid Market report is anticipated to register a CAGR of 5.1% over a five years forecast period (2018 – 2023).”

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List of Major Key players operating in the Global Ascorbic Acid Market are –

  • DSM
  • Northeast Pharmaceutical Group
  • Spec-chem
  • Shandong Luwei Pharmaceutica
  • Topscience
  • Bactolac Pharmaceutical Inc.
  • Luckerkong Biotech
  • BASF
  • Aland Nutraceuticals Group
  • King-pharm
  • Chengxin Pharma
  • FreShine

The market accounted for USD 860.8 million in 2016 and is expected to reach USD 1103.15 million by 2023, registering a CAGR of 5.1% during the forecast period of 2018-2023.

Ascorbic acid, with its salt derivatives, and ascorbyl palmitate is classified as food additives by the European Community and registered as ‘Generally Recognized as Safe’ (GRAS) substance by the US Food & Drug Administration (FDA), which has accelerated the demand for ascorbic acid from food & beverages industry in the European region.

Increasing vitamin deficiencies

The global ascorbic acid market is expected to witness a high growth rate in the coming decade, owing to vitamin deficiency concerns caused due to changing lifestyles and dietary habits, around the world. Asia-Pacific is expected to be the fastest growing market for ascorbic acid, during the forecast period, due to the growing demand and the availability of low-cost manufacturing facilities in China. The North American and European markets are set to grow due to the rising health issues like diabetes which in turn is fueling the demand for ascorbic acid as a substitute for low-calorie sweetener.

Asia-Pacific holds the largest market share

Ascorbic acid, a common source of vitamin C, is used in various important end-use industries. The market is segmented based on end-user, into pharmaceuticals, food & beverages, personal care and others. Ascorbic acid finds a major application in the pharmaceutical industry with the manufacture of antioxidants. The food & beverage industry holds a major share and is growing at a high rate, owing to the rising health issues, thus, acting as a substitute for sweeteners. Asia-Pacific holds the largest market share.

Major Players: DSM, NORTHEAST PHARMACEUTICAL GROUP, SPEC-CHEM, SHANDONG LUWEI PHARMACEUTICA, TOPSCIENCE, BACTOLAC PHARMACEUTICAL Inc., LUCKERKONG BIOTECH, ALAND NUTRACEUTICALS GROUP, KING-PHARM, CHENGXIN PHARMA, FRESHINE

Reasons to Purchase this Report

• Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
• Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information,

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Scope of the Report:

The report analyses Ascorbic Acid market, which includes –

  • Analysis of the growth of Ascorbic Acid market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Ascorbic Acid market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Ascorbic Acid market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Ascorbic Acid market are discussed.
  • The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Ascorbic Acid Market Report:

  • Varying dynamics of the Ascorbic Acid industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
  • Ascorbic Acid market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Ascorbic Acid market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Ascorbic Acid Market Report:

  • The report analyses how stringent emission control norms will drive the global Ascorbic Acid market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Ascorbic Acid market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Ascorbic Acid:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023

Look into Table of Content of Ascorbic Acid Market Report @ https://www.360marketupdates.com/TOC/12883649#TOC

Contact Info: –

360 Market Updates

Mr. Ajay More

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