Vitamin C Market

The market for vitamin C is expanding as cardiovascular disorders, including heart attacks and strokes, become more common. High levels of LDL (bad) cholesterol and triglycerides in the bloodstream are two heart disease risk factors that vitamin C helps to diminish. The World Health Organization (WHO) estimates that 17.9 million people die yearly from cardiovascular illnesses, making them the top cause of mortality worldwide. Moreover, there is an increase in alcohol abuse, bad eating habits, obesity, physical inactivity, and tobacco use, all contributing to CVD and the need for medicine.

Additionally, vitamin C works as an antioxidant to guard against the harm caused by free radicals, propelling the market for vitamin C to develop throughout the forecast period. Therefore, the growing prevalence of cardiovascular diseases has enhanced the vitamin C market CAGR globally in recent years.

The demand for fortified foods and drinks is rising along with the number of people becoming more health conscious. Consumers in developed and developing nations like the United States, India, China, and Germany increasingly turn to nutrient-based and other goods with functional components to prevent illnesses or treat existing health problems. Vitamin C has been added to the products by corporations in response to consumer demand for fortified food and beverages.

For instance, Krating Daeng, a brand of TCH Group, partnered with DHC, the top maker of food supplements in Japan, in 2021 to meet the need for vitamin C in Thailand. Also, several government programs are being implemented to promote the consumption of fortified foods and beverages, particularly in developing nations like China and India. Thus, the growing trend of fortified foods is another factor driving the growth of the vitamin c industry revenue.

The increasing awareness of health and wellness among consumers is a key driver of the Global Vitamin C Market Industry. As individuals become more health-conscious, they actively seek dietary supplements that can enhance their immune systems and overall well-being. This trend is particularly evident in regions with high disposable incomes, where consumers are willing to invest in quality health products. The Global Vitamin C Market is projected to reach 11.2 USD Billion in 2024, reflecting the growing demand for vitamin supplements. This heightened focus on health is likely to sustain growth in the market, as consumers prioritize preventive healthcare measures.

The expansion of functional foods is significantly influencing the Global Vitamin C Market Industry. Manufacturers are increasingly incorporating vitamin C into various food products, such as beverages, snacks, and dairy items, to enhance their nutritional profiles. This trend aligns with consumer preferences for foods that offer health benefits beyond basic nutrition. As a result, the market for vitamin C-enriched products is expected to grow, contributing to the overall market value. By 2035, the Global Vitamin C Market could reach 14.4 USD Billion, driven by the rising popularity of functional foods that cater to health-oriented consumers.

The Global Vitamin C Market Industry is characterized by various trends and projections that indicate its future trajectory. With a projected market value of 11.2 USD Billion in 2024 and an expected growth to 14.4 USD Billion by 2035, the industry demonstrates a promising outlook. The anticipated CAGR of 2.29% from 2025 to 2035 suggests a steady growth phase, driven by factors such as rising health consciousness, technological advancements, and the expansion of functional foods. These trends collectively shape the market landscape, indicating a robust demand for vitamin C products in the coming years.

The growing demand for vitamin C in emerging markets is a significant driver of the Global Vitamin C Market Industry. Countries in Asia-Pacific and Latin America are experiencing rapid economic growth, leading to increased disposable incomes and a rising middle class. This demographic shift is accompanied by a greater emphasis on health and wellness, resulting in higher consumption of dietary supplements, including vitamin C. As these markets expand, they present lucrative opportunities for manufacturers and distributors. The Global Vitamin C Market is likely to benefit from this trend, as emerging economies contribute to overall market growth.

The increased focus on preventive healthcare is shaping the Global Vitamin C Market Industry. As healthcare systems worldwide shift towards preventive measures, consumers are more inclined to invest in supplements that promote long-term health. Vitamin C, known for its antioxidant properties and immune support, is particularly appealing to health-conscious individuals. This trend is likely to drive demand for vitamin C supplements, as consumers seek ways to enhance their health proactively. The market's growth trajectory is supported by the projected increase in value, reaching 11.2 USD Billion in 2024, as preventive healthcare becomes a priority for many.

Technological advancements in the production of vitamin C are playing a crucial role in the Global Vitamin C Market Industry. Innovations in extraction and synthesis processes have led to more efficient and cost-effective methods of producing vitamin C. These advancements not only enhance product quality but also reduce production costs, making vitamin C supplements more accessible to a broader audience. As the industry continues to evolve, the potential for increased production capacity and improved product formulations may further stimulate market growth. The anticipated CAGR of 2.29% from 2025 to 2035 indicates a steady upward trajectory for the market.

By Region, the report provides market insights into Europe, Asia-Pacific, North America, and Rest of the World. Asia Pacific Vitamin C market accounted for USD 5 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period because of the low-cost production facilities in Asia, particularly in India, China, and Japan, vitamin C demand is predicted to increase quickly in the near future. The expansion of the pharmaceutical industry in the local market drives the demand for vitamin C.

For instance, the Indian pharmaceutical market increased from 13.7% in July 2020 to 17.7% in August 2021, according to the India Brand Equity Foundation.

Further, the leading countries studied in the market report are Canada, U.S, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: VITAMIN C MARKET SHARE BY REGION 2022 (%)

Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Europe's market of vitamin C accounts for the second-largest market share due to rising vitamin C usage in the cosmetic and pharmaceutical industries, increased usage of skincare products, and regulatory agency permission for higher vitamin C intake in diets. With 52% of individuals consuming vitamins or minerals supplements, there is a high degree of awareness about dietary supplements in Italy. Further, the German vitamin C market held the largest market share, and the UK vitamin C industry was the fastest-growing market in the European region.

The North America market of vitamin c is expected to grow at the fastest CAGR from 2022 to 2030. Due to the increased demand for vitamin C-containing cosmetics and the presence of major businesses in this market, the region is growing. Eighty percent of American women use cosmetics daily. With 161 million females, this translates to 128.8 million women applying cosmetics daily in the U.S. The market growth in this region is also fueled by rising consumer spending power.

Additionally, the U.S. vitamin C market held the largest market share, and the Canadian vitamin C industry was the fastest-growing market in the region.

Major market players are investing huge amounts of money in R&D to expand their product offerings, which will spur further growth in the vitamin C market. With significant market developments like introducing new products, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic initiatives to expand their footprint. To grow and thrive in a market that is becoming increasingly competitive, competitors in the vitamin C industry must offer reasonably priced goods.

One of the primary business strategies manufacturers use in the vitamin C industry to benefit clients and expand the market sector is local manufacturing to reduce operating costs. The vitamin C industry has recently given medicine some of the most important advantages. The vitamin C market major player such as GlaxoSmithKline plc (UK), Bayer AG (Germany), Koninklijke DSM N.V. (Netherlands), Amway (US), and others, are seeking to increase market demand by funding R&D initiatives.

Concentrated Active Ingredients & Flavors Inc. is dedicated to providing new and high-quality ingredients to encourage a healthier lifestyle. They market and distribute high-quality ingredients for the food and beverage, dietary supplement, and pet food industries. CAIF Nutrition understands its ingredients, functions, and supply chains. In July 2020, Concentrated Active Ingredients & Flavors, Inc. introduced a new concentrated acerola component that, according to the business, contains 32% vitamin C, which is 100 times more than an orange.

The company said it believes that the level of vitamin C concentration, together with the other vitamins and minerals present within the fruit, award it 'superfood' status.

Also, LifeToGo is an e-commerce company providing beauty, health, and wellness items. They are a group of health-conscious retail professionals who want to create a better approach to cultivating high-quality items and knowledge for living joyful, healthy lifestyles. The company's product offerings include wellness supplements, pharmaceuticals, personal care items, workout equipment, apparel, and accessories. In November 2020, LifeToGo, Accelerate360, LLC's (Accelerate's) healthy living brand, launched its first nutritional product line, which includes three immunity-boosting vitamin drink mixes: Immunity +, Immunity + Energy, and Immunity + Relax.

The new product line, available now at LifeToGo.com in a 30-day supply ($14.99), includes immunity-boosting vitamins and minerals, including vitamin C and zinc, and elderberry, which can help relieve cold and flu symptoms.