The ascorbic acid market is projected to grow at a CAGR of 4%-5% during 2020-2025. The growth of ascorbic acid market is driven are increasing demand from various end use industries and shifting preferences towards healthy foods.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the ascorbic acid market by end
use industry (food and beverage, pharmaceutical, chemical, personal care,
agriculture, and others), type (calcium ascorbate, sodium ascorbate, magnesium
ascorbate, potassium ascorbate, and D-isoascorbic acid), grade (food,
pharmaceutical, and industrial), and region (North America, Europe, Asia
Pacific, and Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the ascorbic acid market?
Q.4 What are some
changing demands of customers in the ascorbic acid market?
Q.5 What are the new
developments in the ascorbic acid market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this ascorbic acid area and how big of a
threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this ascorbic acid market?
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Market Segmentation:
Based on type, the
ascorbic acid market is segmented into calcium ascorbate, sodium ascorbate,
magnesium ascorbate, potassium ascorbate, and D-isoascorbic acid. The wearable sodium
ascorbate segment accounted for the largest share of the market in 2020 due to
its strong antioxidant properties and ability to protect cells from damage,
which results in its strong demand among the various end-users.
Asia Pacific is expected
to be the highest growth over the forecast period due to continuous expansion
of the pharmaceutical sector, and increasing awareness about the importance of
vitamin C in treating various conditions.
Key Players in the ascorbic
acid market are DSM, Bactolac Pharmaceutical Inc, CSPC Pharmaceutical Group,
BASF SE, Northeast Pharmaceutical Group, Hebei Welcome Pharmaceutical Co, North
China Pharmaceutical Group, Dishman Group, Aland Nutraceuticals Group, and
DuPont.
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The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
To read more about this market please click on
https://www.lucintel.com/ascorbic-acid-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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