Global Ascorbic Acid Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Form;

Powder and Liquid

By Packaging;

Bags, Drums, Tubes, Sachets, and Other Packaging Formats.

By Grade;

Food Grade, Pharmaceutical Grade, Cosmetic Grade, and Industrial Grade.

By End User;

Pharmaceutical, Food & beverages, Personal care, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn917499846 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Ascorbic Acid Market (USD Million), 2021 - 2031

In the year 2024, the Global Ascorbic Acid Market was valued at USD 1,000.90 million. The size of this market is expected to increase to USD 1,417.78 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.1%.

The global ascorbic acid market has witnessed significant growth due to its widespread applications across various industries, including food and beverages, pharmaceuticals, cosmetics, and chemicals. Ascorbic acid, also known as vitamin C, is a vital nutrient with antioxidant properties, and its demand is driven by its health benefits. It is used to prevent scurvy, boost the immune system, and protect against oxidative stress. The increasing awareness about the health benefits of ascorbic acid has led to its extensive use in dietary supplements, functional foods, and beverages, contributing to market expansion.

The food and beverage industry holds a substantial share in the global ascorbic acid market, where it is commonly used as a preservative, antioxidant, and food additive. Its ability to prevent oxidation and preserve the color, flavor, and nutritional value of food products makes it an essential ingredient in various processed foods, beverages, and snacks. Additionally, ascorbic acid is used in the fortification of food products to improve their nutritional profile, particularly in enhancing vitamin C content, which is crucial for immune health and overall wellness.

The pharmaceutical and cosmetic sectors also contribute significantly to the market's growth. In the pharmaceutical industry, ascorbic acid is widely used in the production of dietary supplements, medicines, and injectables, aimed at boosting immunity and treating vitamin C deficiencies. In the cosmetics industry, it is included in skincare products due to its ability to brighten skin, reduce pigmentation, and stimulate collagen production. As the demand for health and beauty products continues to rise globally, the ascorbic acid market is expected to continue expanding, with increasing adoption across these industries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Form
    2. Market Snapshot, By Packaging
    3. Market Snapshot, By Grade
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Global Ascorbic Acid Market
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Health supplements demand
        2. Food and beverage industry
        3. Cosmetic applications
        4. Pharmaceutical formulations
      2. Restraints
        1. Raw material costs
        2. Regulatory challenges
        3. Competition from alternatives
        4. Storage and stability issues
      3. Opportunities
        1. Growing functional food market
        2. Expansion in emerging economies
        3. Increasing R&D investments
        4. Demand for natural ingredients
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Ascorbic Acid Market, By Form, 2021 - 2031 (USD Million)
      1. Powder
      2. Liquid
    2. Global Ascorbic Acid Market, By Packaging, 2021 - 2031 (USD Million)

      1. Bags
      2. Drums
      3. Tubes
      4. Sachets
      5. Other Packaging Formats
    3. Global Ascorbic Acid Market, By Grade, 2021 - 2031 (USD Million)

      1. Food Grade
      2. Pharmaceutical Grade
      3. Cosmetic Grade
      4. Industrial Grade
    4. Global Ascorbic Acid Market, By End User, 2021 - 2031 (USD Million)
      1. Pharmaceutical
      2. Food & beverages
      3. Personal care
      4. Others
    5. Global Ascorbic Acid Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. CSPC Pharmaceutical Group Ltd.
      2. FUJIFILM Wako Pure Chemical Corp.
      3. GFS Chemicals, Inc.
      4. Jiangshan Huarong Pharmaceutical
      5. Jilin Aili Pharmaceutical
      6. Hebei Welcome Pharmaceutical
      7. Shandong Luwei Pharmaceutical
      8. Chongqing Shuangfei Pharmaceutical
      9. Xi'an Jiutian Pharmaceutical
  7. Analyst Views
  8. Future Outlook of the Market