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/EIN News/ -- NEWARK, Del, May 02, 2022 (GLOBE NEWSWIRE) -- In a recently published report on the global vitamin C ingredients market, Future Market Insights delivers key insights and projects an attractive growth of the market. As per the market outlook, the global vitamin C ingredients market is projected to grow at a steady CAGR of 5.7% in terms of value through 2032. The annual revenue from the vitamin C ingredients market globally is likely to stand at a valuation of US$ 4.5 bn by 2032.
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List Of Key Players Covered in Vitamin C Ingredients Market are:
Key Takeaways from the Report on Global Vitamin C Ingredients Market:
• Vitamin C is being increasingly used for skin health owing to its antioxidant properties and role in collagen synthesis.
• Companies are currently focusing on one stage fermentation process for vitamin C production and are investing more on research and development in order to expand its customer base and enhance its regional presence.
• Asia Pacific accounts for a significant share in vitamin C ingredients market, both in terms of supply and demand with China being a major producer and consumer. Presence of key manufacturers and suppliers in the region is an important factor pushing the vitamin C ingredients market in the region.
• Powdered form of vitamin C ingredients will remain the most preferred form considering that the majority of vitamin C ingredients find their application as supplements or for fortification.
• By Process, vitamin C ingredients produced by two-stage fermentation is expected to be the most favored by producers as it uses less toxic solvents.
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Food & Beverages Industry Registers Highest Adoption of Vitamin C Ingredients; Fortification & Encapsulation to Remain Key Forward Strategy
In terms of industry-wise adoption, the food and beverages industry is estimated to represent the most attractive growth during the forecast period. Moreover, factors such as increasing number of health conscious consumers coupled with manufacturers making efforts to develop products that are shelf-stable, in order to expand customer-base are expected to drive the global sales of vitamin C ingredients. Increasing popularity of vitamin c ingredients as food additives across various food and beverage applications is projected to drive the global vitamin C ingredients market further. Moreover, owing to its health benefits, vitamin C ingredients have found significant adoption in the form of supplements for multiple functions such as antioxidant, absorption of iron, immune health, collagen formation, and brain health.
Vitamin C Ingredients Market Segmentation By Product Type- Ascorbic Acid, Sodium Ascorbate, Calcium Ascorbate, Ascorbic Acid 90% Granulation, Ascorbic Acid 95% Granulation, Ascorbic Acid 97% Granulation, Coated, Vitamin C, Others; Form- Powder, Granules, Others; Source- Natural ,Synthetic; End Use- Food, Bakery Products, Meat Products, Jams and Jellies, Sports Nutrition
Since, agricultural practices are limited to few countries, especially vegetable and fruits rich in vitamin C, fortification of foods and beverages with vitamin C has been increasing. Developments in the recent years have made various products available suitable for vitamin C fortification, including milled cereals and sugar, and also to fortify products like tomato paste and orange juice powder. Orange juice powder is considered the least expensive option vitamin C fortification.
Moreover, to improve the vitamin C effectiveness, manufacturers have been developing new products through technological developments, including encapsulation including method like spray drying, spray chilling, spray cooling, fluidized bed coating, and extrusion. These methods have assured higher stability of vitamin C and improved consumer acceptability towards the carrier food.
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Detailed Table of Content:
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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