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Global Ascorbic Acid Market - Growth, Trends and Forecasts (2017-2022) - Research and Markets

Research and Markets
Posted on: 30 Oct 17

The "Global Ascorbic Acid Market - Growth, Trends and Forecasts (2017 - 2022)" report has been added to Research and Markets' offering.

The global ascorbic acid market accounted for USD 860.8 million in 2016 and is expected to reach USD 1093.1 million by 2022, registering a CAGR of 4.9% during 2017-2022 (the forecast period).

Ascorbic acid, with its salt derivatives, and ascorbyl palmitate are classified as food additives by the European Community and registered as Generally Recognized as Safe' (GRAS) substance by the US Food & Drug Administration (FDA), which has accelerated the demand for ascorbic acid from food & beverages industry in the European region.

The global ascorbic acid market is expected to witness a high growth rate in the coming decade, owing to vitamin deficiency concerns caused due to changing lifestyles and dietary habits, around the world. Asia-Pacific is expected to be the fastest growing market for ascorbic acid, during 2017-2022 (the forecast period), due to the growing demand and the availability of low-cost manufacturing facilities in China.

The North American and European markets are set to grow due to the rising health issues like diabetes, which, in turn, is fueling the demand for ascorbic acid as a substitute for low-calorie sweetener.

Companies Mentioned

  • Dsm
  • Northeast Pharmaceutical Group
  • Shandong Luwei Pharmaceutical
  • Bactolac Pharmaceutical Inc
  • Aland Nutraceuticals Group
  • Dupont
  • Freshine
  • Luckerkong Biotech
  • King-Pharm
  • Top Science
  • Basf
  • Dishman Group
  • Glaxosmithkline Plc
  • Cspc Pharmaceutical Group

Key Topics Covered:

1. Introduction

2. Research Approach & Methodology

3. Key Findings

4. Market Dynamics

5. Market Segmentation

6. Competitive Landscape

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/vv7gpx/global_ascorbic

View source version on businesswire.com: http://www.businesswire.com/news/home/20171030005960/en/

Business Wire
www.businesswire.com

Last updated on: 30/10/2017

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