Vitamin
C Market is expected to grow at a significant CAGR in the upcoming
years as the scope and its applications are rising enormously across the globe.
Vitamin C is a water-soluble vitamin also termed as ascorbic acid and L-ascorbic
acid. Its chemical formula is C6H8O6. It usually occurs as a slightly yellow or
white crystal or powder with a mild acidic taste. It rapidly oxidizes in
solution but practically stable in air. It is insoluble in chloroform and in
benzene, soluble in water, and sparingly soluble in alcohol.
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The factors that are playing a
major role in the growth of Vitamin C (Ascorbic Acid) Market are rising demand
for potassium, calcium and sodium salts of ascorbic acid as an antioxidant food
additive. On the other hand, price fluctuations and uncertain raw material
supply are the factors restraining overall market growth.
Vitamin C (Ascorbic Acid)
Market is segmented based on product type, forms, applications, and region.
Product types such as Pharmaceutical Grade, Food Grade, Feed Grade, and others
classify the market. Forms such as injection form, tonic, and tablet classify
Vitamin C (Ascorbic Acid) Market.
The key players of Vitamin C
(Ascorbic Acid) Market are Shandong Luwei Pharmaceutical, BASF SE, DSM, Nestle,
Dishman Group, Bactolac Pharmaceutical Inc., North China Pharmaceutical Group,
and Aland Nutraceuticals Group. These players are concentrating on inorganic
growth to sustain themselves amongst fierce competition. As such, mergers,
acquisitions, and joint ventures are the need of the hour.
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