Product Code: ETC351744 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India vitamin C ingredients market import shipment experienced a negative CAGR from 2020-2024. However, there was a notable growth rate observed between 2023 and 2024. Despite the overall slowdown, the market showed signs of momentum and potential stabilization towards the end of the period.
The India market for vitamin C ingredients is highly competitive with a large number of domestic and international players vying for a share of the pie. According to 6Wresearch, the market size of Vitamin C Ingredients in India reached Rs 3,717 Crores. The major producers include BASF, DSM Nutritional Products India Pvt Ltd., Zhejiang Medicine Co. Ltd., Northeast Pharmaceutical Group Co., Ltd., Shandong Xinhua Pharmaceutical Co., Ltd., and Hindustan Organic Chemicals Limited (HOCL).
The India vitamin C ingredients market is witnessing significant growth, driven by various factors that highlight the increasing awareness of the health benefits of vitamin C and its versatile applications. Vitamin C, also known as ascorbic acid, is a crucial nutrient that plays a vital role in supporting the immune system, collagen production, and overall health. As consumers become more health-conscious and seek preventive healthcare solutions, the demand for vitamin C supplements has surged. Moreover, the ongoing COVID-19 pandemic has further underscored the importance of immune-boosting supplements, leading to a substantial rise in the adoption of vitamin C products in India. The beauty and skincare industry is another major driver of the vitamin C ingredients market in India. Vitamin C`s antioxidant properties and ability to promote collagen synthesis have made it a popular ingredient in various skincare and cosmetic products. The trend of natural and clean beauty products has also contributed to the growing demand for vitamin C-based formulations, as consumers prefer products with ingredients derived from natural sources.
The India vitamin C ingredients market faces challenges related to quality and sourcing. As vitamin C is mainly derived from natural sources like citrus fruits, ensuring consistent quality and supply can be challenging. Fluctuations in weather conditions and crop yields may affect the availability and pricing of vitamin C-rich raw materials. Additionally, the stability and shelf life of vitamin C ingredients can be a concern for manufacturers, particularly in formulations like skincare products and beverages. Vitamin C is susceptible to oxidation and degradation over time, impacting its efficacy. Developing innovative techniques for stabilizing and preserving the potency of vitamin C in various applications is essential to meet consumer expectations.
The India vitamin C ingredients market witnessed a mixed impact due to the COVID-19 pandemic. The increased focus on immunity and wellness during the pandemic led to higher demand for vitamin C ingredients in supplements and fortified food products. However, the market also faced challenges in terms of supply chain disruptions and availability of raw materials. The restrictions on movement and transportation impacted the sourcing of vitamin C-rich raw materials, leading to potential delays in production and delivery. Additionally, fluctuations in raw material prices added to the cost pressures for manufacturers.
The India vitamin C ingredients market features global pharmaceutical and nutraceutical companies, as well as local manufacturers and suppliers. Key players such as DSM Nutritional Products AG, Lonza Group Ltd., and Merck KGaA are well-established in producing high-quality vitamin C ingredients used in supplements, fortified foods, and cosmetic products. They serve various industries such as healthcare, food and beverages, and personal care. Additionally, several regional and local suppliers also contribute to the market, ensuring the availability of vitamin C ingredients to a wider consumer base.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Vitamin C Ingredients Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Vitamin C Ingredients Market Revenues & Volume, 2021 & 2031F |
3.3 India Vitamin C Ingredients Market - Industry Life Cycle |
3.4 India Vitamin C Ingredients Market - Porter's Five Forces |
3.5 India Vitamin C Ingredients Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 India Vitamin C Ingredients Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 India Vitamin C Ingredients Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.8 India Vitamin C Ingredients Market Revenues & Volume Share, By Process, 2021 & 2031F |
3.9 India Vitamin C Ingredients Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 India Vitamin C Ingredients Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about health and wellness leading to a rise in demand for dietary supplements containing vitamin C. |
4.2.2 Growing prevalence of lifestyle diseases, leading to a higher consumption of vitamin C ingredients for immunity and overall health. |
4.2.3 Rising disposable income and changing consumer preferences towards natural and organic products, driving the demand for vitamin C ingredients in India. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials for vitamin C ingredients impacting the overall cost of production. |
4.3.2 Stringent regulations and quality standards governing the production and sale of dietary supplements in India. |
4.3.3 Limited availability of skilled labor and technical expertise for the manufacturing of vitamin C ingredients. |
5 India Vitamin C Ingredients Market Trends |
6 India Vitamin C Ingredients Market, By Types |
6.1 India Vitamin C Ingredients Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Vitamin C Ingredients Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 India Vitamin C Ingredients Market Revenues & Volume, By Ascorbic Acid, 2021-2031F |
6.1.4 India Vitamin C Ingredients Market Revenues & Volume, By Sodium Ascorbate, 2021-2031F |
6.1.5 India Vitamin C Ingredients Market Revenues & Volume, By Calcium Ascorbate, 2021-2031F |
6.1.6 India Vitamin C Ingredients Market Revenues & Volume, By Coated Vitamin C, 2021-2031F |
6.1.7 India Vitamin C Ingredients Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Vitamin C Ingredients Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 India Vitamin C Ingredients Market Revenues & Volume, By Powder, 2021-2031F |
6.2.3 India Vitamin C Ingredients Market Revenues & Volume, By Granules, 2021-2031F |
6.2.4 India Vitamin C Ingredients Market Revenues & Volume, By Others, 2021-2031F |
6.3 India Vitamin C Ingredients Market, By Source |
6.3.1 Overview and Analysis |
6.3.2 India Vitamin C Ingredients Market Revenues & Volume, By Natural, 2021-2031F |
6.3.3 India Vitamin C Ingredients Market Revenues & Volume, By Synthetic, 2021-2031F |
6.4 India Vitamin C Ingredients Market, By Process |
6.4.1 Overview and Analysis |
6.4.2 India Vitamin C Ingredients Market Revenues & Volume, By Reichstein Process, 2021-2031F |
6.4.3 India Vitamin C Ingredients Market Revenues & Volume, By Two-Stage Fermentation Process, 2021-2031F |
6.5 India Vitamin C Ingredients Market, By End Use |
6.5.1 Overview and Analysis |
6.5.2 India Vitamin C Ingredients Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.5.3 India Vitamin C Ingredients Market Revenues & Volume, By Cosmetics & Personal Care Products, 2021-2031F |
6.5.4 India Vitamin C Ingredients Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.5.5 India Vitamin C Ingredients Market Revenues & Volume, By Animal Feed, 2021-2031F |
7 India Vitamin C Ingredients Market Import-Export Trade Statistics |
7.1 India Vitamin C Ingredients Market Export to Major Countries |
7.2 India Vitamin C Ingredients Market Imports from Major Countries |
8 India Vitamin C Ingredients Market Key Performance Indicators |
8.1 Number of new product launches containing vitamin C ingredients in the Indian market. |
8.2 Consumer awareness and perception surveys on the benefits of vitamin C ingredients. |
8.3 Research and development investment in innovative formulations and applications of vitamin C ingredients. |
9 India Vitamin C Ingredients Market - Opportunity Assessment |
9.1 India Vitamin C Ingredients Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 India Vitamin C Ingredients Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 India Vitamin C Ingredients Market Opportunity Assessment, By Source, 2021 & 2031F |
9.4 India Vitamin C Ingredients Market Opportunity Assessment, By Process, 2021 & 2031F |
9.5 India Vitamin C Ingredients Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 India Vitamin C Ingredients Market - Competitive Landscape |
10.1 India Vitamin C Ingredients Market Revenue Share, By Companies, 2024 |
10.2 India Vitamin C Ingredients Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |