Europe's Ascorbic Acid Market is estimated to be USD 0.39 billion by 2024 to achieve USD 0.59 billion by 2029, developing with a considerable CAGR 8.26 % throughout the anticipated period (2024 to 2029).
Ascorbic acids, commonly known as vitamin C, are an essential dietary supplement for many. It plays a key role in the repair of natural tissues and also aids in the production of enzymes. It allows the correct functioning of various enzymes and the immune system. In addition, it also serves as an antioxidant in the body. Ascorbic acid also plays a critical role in several other commercial applications like bakeries, water treatment plants, and beverages. Ascorbic acid also prevents oxidation during the production of organic meat and fruit juices. It is an essential use for meat and fruit suppliers, as many supermarkets do not buy golden products. It is increasingly used for its ability to separate the chlorine from the water supply. Ascorbic acid combined with sodium ascorbate can clean chlorinated water and make it safe to discharge into waterways.
Ascorbic acid is traditionally associated with increased fertility in various cultures around the world. Growing research is showing that there is a correlation between supplement intake and increased sperm count. Ascorbic acid may also appear in response to infertility in the near future. This is a great opportunity for market participants, as vitamin C supplements can help smokers and other unhealthy people stay healthy at an additional low cost in the near future. The market for ascorbic acid in Europe is expected to grow as the acid is increasingly used as a food additive. Recently introduced European regulations and FDA approval for higher amounts in diets should become a major boost to the market. The increasing demand for skincare products is also expected to stimulate the global market for ascorbic acid. Concerns about global warming, the increased risk of skin cancer, and other diseases are expected to drive several segments of the cosmetic segment. Ascorbic acids and their salts help slow down the deterioration of the skin. Its positive impact on aging and wrinkles should boost the regional market.
Based on the grade, the regional market is dominated by the food-grade ascorbic acid that is likely to continue for some time in the future.
By application, the cosmetics segment is likely to account for the prominent share in the European market in the coming years. The increasing consumer preference for vitamin c enriched products related to personal care is foreseen to create lucrative opportunities for the regional business.
The market for Europe Ascorbic acid has been classified on the basis of geography into the nations of Germany, Italy, France, and the United Kingdom, which are supposed to post significant gains during the forecast period. A change in consumers' lifestyles, accompanied by eating habits and lack of exercise, is likely to affect human health and lead to a surge in the number of cardiovascular diseases and diabetes. Ascorbic acid is a registered food additive in the European Community and is GRAS classified, which has resulted in an increased adoption in the food and beverage sector in the area.
The Europe Ascorbic acid Market is expanding with key players like Hebei Welcome Pharmaceutical Co., BASF SE, Northeast Pharmaceutical Group, Bactolac Pharmaceutical Inc, and CSPC Pharmaceutical Group.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region