Lucintel Forecasts Ascorbic Acid Market To Grow At A Cagr Of 4%-5%

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According to the recent study the ascorbic acid market is projected to grow at a CAGR of 4%-5% from 2020 to 2025. Growth in this market is primarily driven by increasing demand from various end use industries and shifting preferences towards healthy foods.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in 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).
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“Sodium ascorbate market is expected to remain the largest segment during the forecast period.”
Based on type, the ascorbic acid market is segmented into calcium ascorbate, sodium ascorbate, magnesium ascorbate, potassium ascorbate, and D-isoascorbic ...
... acid. Lucintel forecasts that the sodium ascorbate market is expected to remain the largest segment due to its strong antioxidant properties and ability to protect cells from damage, which results in its strong demand among the various end-users.
“Within the ascorbic acid market, the food and beverage segment is expected to remain the largest end use industry.”
Based on end use industry, the food and beverage segment is expected to witness the largest segment by end use industry over the forecast period due to growing demand of ascorbic acid as a food additive for various food and beverage products.
“Asia Pacific will dominate the ascorbic acid market in near future.”
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.
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Major players of ascorbic acid market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. 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 are among the major ascorbic acid providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/ascorbic-acid-market.aspx or helpdesk@lucintel.com
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Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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