Global Ascorbic Acid Market: An Overview
Global Ascorbic market is expected to register a robust growth during 2018-2026.
Ascorbic acids, commonly known as Vitamin C are a key diet supplement for many. Vitamin C is essential for nutrient nourishment. It plays a key role in the natural repairment of tissues and also aids enzymatic production. It enables smooth functioning of various enzymes and immune system. Additionally, it also serves as an antioxidant in the body.
Ascorbic acid also plays a pivotal role in several other commercial applications. Ascorbic acid is also used in bakeries, water treatments plants and beverages. Ascorbic acid helps extend the shelf life of breads by strengthening gluten, aiding higher tenderness and finer crumb, reduction of crust thickness, etc. Ascorbic acid also prevents oxidation during meat and organic fruit juice production. This is essential use for meat and fruit supplier as many supermarkets do not purchase produce that has turned brown.
Ascorbic acid is increasingly being used for its ability to separate chlorine from water supply. Ascorbic acid combined with sodium ascorbate can clean chlorine polluted water and make it safe to release back into streams.
Global Ascorbic Acid Market: Key Trends
The market is expected to grow as growing vitamin deficiency concerns, lack of healthy natural agricultural produce, changing lifestyle is expected to drive demand for the global Ascorbic acid market. The market is also expected to receive a boost from cost-effective manufacturing in China and Asia-Pacific. Demand for ascorbic acid is also growing as a substitute for low-calorie sweetener.
Ascorbic acid has been traditionally related to higher fertility in various cultures around the world. Growing research proves that there is a correlation between supplement intakes and higher sperm count. Ascorbic acid can also emerge as an answer to infertility in the near future. This is a major opportunity for market players as Vitamin C supplements can help a smokers and other unhealthy individual keep healthy at little additional cost in the near future.
Ascorbic acid market is predicted to grow, as the acid is increasing being used as a food additive. Newly introduced EU regulations and FDA approval for higher quantities in diets is expected to become a major boost for the market.
The growing demand for skincare products is also expected to drive the global ascorbic acid market. Concerns over global warming, increased risks of skin cancers and other ailment is expected to drive various segments in cosmetic segment. Ascorbic acids and its salts help slow down skin deterioration. Its positive impact on aging and wrinkles is expected to drive the market.
Global Ascorbic Acid Market: Regional Outlook
The global ascorbic acid market is divided in regions, which include North America, Europe, Asia Pacific, Latin America, Middle East & Africa. The ascorbic acid market in Asia Pacific is expected to register the fastest growth during the forecast period. China’s long established competence in the technique of manufacturing ascorbic acid and establishment of several competitive firms in the field gives the region a distinct advantage.
Increasing incidents of diabetes and large availability of vitamin C supplements is expected to drive the North American and European ascorbic acid market in the near future.
Global Ascorbic Acid Market: Competitive Dynamics
Key players in the ascorbic acid market include BASF SE, CSPC Pharmaceutical Group, Bactolac Pharmaceutical Inc, Northeast Pharmaceutical Group, Hebei Welcome Pharmaceutical Co.
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