Vitamin C (Ascorbic Acid) Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Global Ascorbic Acid Manufacturers and the market is Segmented by Application (Food and Beverage, Pharmaceuticals, and Healthcare, Beauty and Personal Care, and Animal Feed) and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The market size and forecasts are provided in terms of value (USD million) for all the above segments.

Vitamin C (Ascorbic Acid) Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Ascorbic Acid Market Size

Ascorbic Acid Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 2.08 Billion
Market Size (2030) USD 2.74 Billion
CAGR (2025 - 2030) 5.66 %
Fastest Growing Market Europe
Largest Market Asia Pacific
Market Concentration Low

Major Players

Ascorbic Acid Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Ascorbic Acid Market with other markets in Food & Beverage Industry

Beverages

Food

Food Ingredients and Food Additives

Food Supplements

Ascorbic Acid Market Analysis

The Ascorbic Acid Market size is estimated at USD 2.08 billion in 2025, and is expected to reach USD 2.74 billion by 2030, at a CAGR of 5.66% during the forecast period (2025-2030).

Ascorbic acid is a water-soluble vitamin that is effective for patients with critical illnesses. Ascorbic acid is primarily synthesized for use as an antioxidant. Ascorbic acid is primarily used in the pharmaceutical, food and beverage, personal care, and other end-user industries. The major ascorbic acid consumption is the pharmaceutical industry. Vitamin C aids in Vitamin E recycling. The rest is primarily used as an addition to food and feed to improve the quality and stability of the final product. Foods with ascorbic acid added protect their color, flavor, and nutritional value during manufacturing or before packing. The use of ascorbic acid in the food & beverages industry is anticipated to increase during the forecast period. The market has been witnessing growth in China due to the high production volume of Vitamin C in the country. The country holds high power in setting the global prices of the ingredient, which is a major factor driving the market. The increasing usage of Vitamin C in cosmetics and personal care products has added to the growth of the ascorbic acid market. The paradigm shift from clean-label food and beverage products to dietary supplements has led to the emergence of many manufacturers offering clean-labeled vitamin C supplements to consumers seeking antioxidant support for immune health through supplements. As a result, the demand for ascorbic acid has increased in the pharmaceutical and healthcare industry.

Global demand for functional foods and beverages is a significant driver of the ascorbic acid market. Additionally, new production methods, innovative technologies, and a significant increase in investments in Research and development activities are the other elements anticipated to support the expansion of the ascorbic acid market. Another factor driving the expansion of natural ascorbic acid regulators is the surge in demand for stabilizers and antioxidant food ingredients across European nations to produce commercialized clean label or green food products that are free of additives and other dangerous chemicals. Manufacturers can now create new flavors to meet the shifting preferences of their customers due to advances in technology. Innovative and original flavors in food are produced by the use of modern technologies.

Ascorbic Acid Industry Overview

The ascorbic acid market is highly fragmented, with an increasing number of local and regional players worldwide. Key players like Merck KGaA, Koninklijke DSM NV, Shandong Luwei Pharmaceutical Co Ltd, and Northeast Pharmaceutical Group Co. Ltd cater to a majority of the market. The companies are utilizing their products and technological skills to develop marketing and business strategies across the vitamin and mineral supplements segment, driving innovations, stimulating new product developments, and business planning and branding across social media platforms.

Ascorbic Acid Market Leaders

  1. Merck KGaA

  2. Foodchem International Corporation

  3. Koninklijke DSM NV

  4. Northeast Pharmaceutical Group Co. Ltd

  5. Shandong Luwei Pharmaceutical Co Ltd

  6. *Disclaimer: Major Players sorted in no particular order
Ascorbic Acid Market Concentration
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Ascorbic Acid Market News

  • In December 2022, Merck KGaA and Mersana Therapeutics announced a joint partnership to create novel immunostimulatory antibody-drug conjugates. This collaboration strengthens the internal expertise and internal ADC strategy of Merck KGaA, Darmstadt, Germany.
  • In May 2022, Royal DSM merged with Firmenich. DSM-Firmenich has four business units such as perfumery and beauty, food and beverage, health and nutrition, and animal nutrition with combined sales of approximately EUR 11.5 billion

Ascorbic Acid Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Application
    • 5.1.1 Food and Beverage
    • 5.1.2 Pharmaceuticals and Healthcare
    • 5.1.3 Beauty and Personal Care
    • 5.1.4 Animal Feed
  • 5.2 By Geography
    • 5.2.1 North America
    • 5.2.1.1 United States
    • 5.2.1.2 Canada
    • 5.2.1.3 Mexico
    • 5.2.1.4 Rest of North America
    • 5.2.2 Europe
    • 5.2.2.1 Spain
    • 5.2.2.2 United Kingdom
    • 5.2.2.3 Germany
    • 5.2.2.4 France
    • 5.2.2.5 Italy
    • 5.2.2.6 Russia
    • 5.2.2.7 Rest of Europe
    • 5.2.3 Asia-Pacific
    • 5.2.3.1 China
    • 5.2.3.2 Japan
    • 5.2.3.3 India
    • 5.2.3.4 Australia
    • 5.2.3.5 Rest of Asia-Pacific
    • 5.2.4 South America
    • 5.2.4.1 Brazil
    • 5.2.4.2 Argentina
    • 5.2.4.3 Rest of South America
    • 5.2.5 Middle-East and Africa
    • 5.2.5.1 South Africa
    • 5.2.5.2 United Arab Emirates
    • 5.2.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 BASF SE
    • 6.3.2 Merck KGaA
    • 6.3.3 Koninklijke DSM NV
    • 6.3.4 Northeast Pharmaceutical Group Co. Ltd
    • 6.3.5 Foodchem International Corporation
    • 6.3.6 Honson Pharmatech Group
    • 6.3.7 MC Biotec Inc.
    • 6.3.8 Freshine Chem
    • 6.3.9 CSPC Pharmaceutical Group
    • 6.3.10 Shandong Luwei Pharmaceutical Co Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. ABOUT US

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Ascorbic Acid Industry Segmentation

Ascorbic acid helps prevent vitamin C deficiency in individuals who do not get enough vitamin content from their daily diet. The ascorbic acid market is segmented by application and geopgraphy. Based on application the market is segmented into food and beverage, pharmaceuticals and healthcare, beauty and personal care, and animal feed. Based on geography the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. For each segment, the market size and forecast have been done based on value (in USD million).

By Application Food and Beverage
Pharmaceuticals and Healthcare
Beauty and Personal Care
Animal Feed
By Geography North America United States
Canada
Mexico
Rest of North America
Europe Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia-Pacific China
Japan
India
Australia
Rest of Asia-Pacific
South America Brazil
Argentina
Rest of South America
Middle-East and Africa South Africa
United Arab Emirates
Rest of Middle-East and Africa
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Ascorbic Acid Market Research FAQs

How big is the Ascorbic Acid Market?

The Ascorbic Acid Market size is expected to reach USD 2.08 billion in 2025 and grow at a CAGR of 5.66% to reach USD 2.74 billion by 2030.

What is the current Ascorbic Acid Market size?

In 2025, the Ascorbic Acid Market size is expected to reach USD 2.08 billion.

Who are the key players in Ascorbic Acid Market?

Merck KGaA, Foodchem International Corporation, Koninklijke DSM NV, Northeast Pharmaceutical Group Co. Ltd and Shandong Luwei Pharmaceutical Co Ltd are the major companies operating in the Ascorbic Acid Market.

Which is the fastest growing region in Ascorbic Acid Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Ascorbic Acid Market?

In 2025, the Asia Pacific accounts for the largest market share in Ascorbic Acid Market.

What years does this Ascorbic Acid Market cover, and what was the market size in 2024?

In 2024, the Ascorbic Acid Market size was estimated at USD 1.96 billion. The report covers the Ascorbic Acid Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Ascorbic Acid Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Ascorbic Acid Industry Report

Statistics for the 2025 Ascorbic Acid market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Ascorbic Acid analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.