Global Ascorbic Acid Market Outlook Through 2023-2032
The Business Research Company’s Ascorbic Acid Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Ascorbic Acid Global Market Report 2023 evaluates ascorbic acid market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global ascorbic acid market size is expected to grow from $1.40 billion in 2022 to $1.50 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global ascorbic acid market is expected to grow to $1.96 billion in 2027 at a CAGR of 7%.
Asia-Pacific was the largest region in the ascorbic acid market in 2022.
The ascorbic acid market segments in the report are:
By Type:
Calcium Ascorbate
Sodium Ascorbate
Magnesium Ascorbate
Potassium Ascorbate
D-Isoascorbic Ascorbate
By Grade:
Pharmaceuticals Grade
Food Grade
Other Grades
By Form:
Tablet
Tonic
Injection
By Distribution Channel:
Online
Offline
By Application:
Food and Beverages
Pharmaceutical
Cosmetics
Chemicals
Agriculture
Other Applications
Top Major Companies
Northeast Pharmaceutical Group Co Ltd.
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The table of contents in TBRC’s ascorbic acid market report includes:
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List Of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Ascorbic Acid Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Ascorbic Acid Market, Segmentation By Grade, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Ascorbic Acid Market, Segmentation By Form, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 48: Koninklijke DSM NV Financial Performance
Table 49: Northeast Pharmaceutical Group Co Ltd Financial Performance
Table 50: CSPC Pharmaceutical Group Financial Performance
Table 51: Bactolac Pharmaceutical Inc Financial Performance
Table 52: BASF SE Financial Performance
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