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The global ascorbic acid market size has the potential to grow by USD 298.76 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by geography (APAC, Europe, MEA, North America, and South America) and end-user (pharmaceutical, food and beverages, personal care, and others). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including CSPC Pharmaceutical Group Ltd., FUJIFILM Wako Pure Chemical Corp., GFS Chemicals Inc., Haviland Enterprises Inc., Hydrite Chemical Co., Jiangsu Chengxin Pharmaceutical Co. Ltd., Koninklijke DSM NV, Northeast Pharmaceutical Group Co. Ltd., Shandong Lianmeng International Trade Co. Ltd., and Spectrum Chemical Mfg. Corp.
The market is fragmented, and the degree of fragmentation will decrease during the forecast period. Northeast Pharmaceutical Group Co. Ltd., Shandong Lianmeng International Trade Co. Ltd., and Spectrum Chemical Mfg. Corp. are some of the major market participants. Although the accelerating growth momentum will offer immense growth opportunities, the fluctuating price of corn will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this ascorbic acid market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the ascorbic acid market size and provides information on the products offered by various companies. Moreover, this ascorbic acid market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading ascorbic acid companies, including:
North America will offer maximum growth opportunities to market vendors during the forecast period. The increase in demand for personal care products, pharmaceuticals, and food additives will significantly influence ascorbic acid market growth in this region.
Almost 32% of the market’s growth will originate from North America during the forecast period. Market growth in this region will be slower than the growth of the market in APAC.
Ascorbic acid is highly preferred in the pharmaceutical industry as it is used to treat and prevent Vitamin C deficiency. Moreover, it also helps the body to absorb iron, which is required for red blood cell production. Ascorbic acid is further used as an antioxidant in aqueous pharmaceutical formulations and is also used to adjust the pH of solutions for injections and as an adjunct for oral infection.
Market growth in this segment will be faster than the growth of the market in the food and beverages and personal care segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the ascorbic acid market size.
The growing urban population and the increasing purchasing power of people in emerging countries will influence market growth. The demand for on-the-go meals will also have a significant impact on the growth of the ascorbic acid market over the forecast period as ascorbic acid is used as a preservative in food and beverage products. Because of the shift in diet habits and the lifestyle of consumers, countries in Central and South America and APAC are significant markets for ascorbic acid.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY END-USER
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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