Ascorbic Acid Market Overview:
Ascorbic acid, commonly known as vitamin C, is used in a variety of industries such as pharmaceuticals, food and beverages, personal care and others. However, it is the pharmaceutical industry that is the largest consumer of ascorbic acid. Vitamin C helps in the recycling of vitamin E, where the former is used to prepare vitamin C supplements in the pharmaceutical industry. In the food and beverage industry, ascorbic acid is used as an additive to improve the quality of food and improve its stability. In addition, the use of ascorbic acid in food products has the additional benefit of preserving the aroma, color and nutrient content of foods. Due to vitamin C deficiency, a condition called scurvy can occur resulting in rashes, muscle weakness, joint pain and tooth decay. Ascorbic acid acts as a solution in the case of vitamin C deficiency in the body and is also known for its antioxidant properties.
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Ascorbic Acid Market Growth Drivers and restraints:
The global market for ascorbic acid is expected to expand during the forecast period due to growing demand from the food and beverages, pharmaceuticals, chemicals, personal health care and cosmetics industries. In addition, the growing demand for potassium, calcium and sodium salts of ascorbic acid as an antioxidant food additive is expected to stimulate the market in the next six years. However, it is expected that the uncertain supply of raw materials and the resulting price fluctuations will hinder the growth of the market. In addition, the widespread acceptance of ascorbic acid in the food and feed industry as a preservative should be a market stimulant during the forecast period.
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Ascorbic Acid Market Geographic Segmentation:
Based on geography, the market is mainly segmented in Europe, North America, Latin America, the Middle East and Africa, and Asia-Pacific. The growing awareness about the benefits of ascorbic acid among world population will certainly create lucrative market opportunities in the future in all the regions.
The main players in the ascorbic acid market are DSM, Bactolac Pharmaceutical Inc., the pharmaceutical group CSPC, BASF SE, the pharmaceutical group northeast, the pharmaceutical group Hebei Welcome, the Dishman group, the Aland Nutraceuticals group, and DuPont GlaxoSmithKline Plc.
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