How Big Is the Ascorbic Acid Market?
According to 6Wresearch internal database and industry insights, the
Global Ascorbic Acid Market was valued at USD 1.9 billion in 2024 and is anticipated to reach approximately USD 6.8 billion by 2031, exhibiting a CAGR of 9.4% during the forecast period.
This growth is being driven by surging demand in the food & beverage industry for vitamin C fortification, increasing use in pharmaceuticals and dietary supplements, and emerging applications in cosmetics and animal feed formulations.
Growth Drivers of the Ascorbic Acid Market
- Surge in functional foods and beverages enriched with vitamin C
- Growing pharmaceutical applications in treating scurvy, infections, and oxidative stress
- Rising health consciousness and demand for immunity-enhancing ingredients
- Expansion in cosmetic formulations due to its antioxidant and anti-aging properties
- Inclusion of ascorbic acid in livestock nutrition for growth and disease prevention
- Regulatory approvals for ascorbic acid across multiple end-use categories
Ascorbic Acid Market Trends
The ascorbic acid industry is experiencing innovations in encapsulation technology to improve stability and bioavailability in functional foods. Clean-label trends are encouraging natural fermentation-based ascorbic acid production. There is also growing R&D around sustainable vitamin C sourcing using bioconversion of sugar-rich biomass. Premium cosmetic brands are formulating high-purity ascorbic acid serums for topical use. Moreover, the rise of plant-based supplements is expanding its consumer base in vegan-friendly nutrition.
Emerging Developments in the Ascorbic Acid Market
Recent developments highlight a shift toward natural and organic sources of ascorbic acid, especially in nutraceuticals. Some manufacturers are exploring green fermentation processes to reduce carbon footprints and meet ESG goals. The cosmeceutical segment is evolving rapidly, integrating stabilized vitamin C in anti-aging, brightening, and sun protection lines.
Major Companies in the Ascorbic Acid Industry
- BASF SE
- Koninklijke DSM N.V.
- CSPC Pharmaceutical Group
- Shandong Luwei Pharmaceutical
- Northeast Pharmaceutical Group Co., Ltd.
- Foodchem International Corporation
How big is the ascorbic acid market : FAQ's
The key industries include food and beverage, pharmaceuticals, cosmetics, and animal nutrition.
The market is expanding due to increased consumer demand for immunity-boosting supplements and rising pharmaceutical use.
As of 2024, the market is valued at USD 1.9 billion.
The ascorbic acid market is projected to reach USD 6.8 billion by 2031.
Asia-Pacific, especially China and India, is witnessing tremendous growth due to large-scale manufacturing and expanding pharma sectors.
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