Middle East and Africa Ascorbic acid Market

Middle East and Africa Ascorbic Acid Market Size (2024 to 2029)

The Middle East and Africa Ascorbic Acid market size is estimated to reach USD 0.08 billion by 2029 from USD 0.07 billion in 2024, growing at a CAGR of 3.53% from 2024 to 2029.

Ascorbic Acid is a popular food ingredient and additive that has a variety of applications in several industries. It is naturally found in vegetables and fruits and acts as an essential nutrient in the human diet. In addition to its health benefits, Ascorbic Acid is also used in various commercial settings, such as water treatment plants, beverages, and bakeries.

DRIVERS AND RESTRAINTS

The increasing adoption of Ascorbic Acid in fortified foods and beverages, followed by advances in the personal care industry, is expected to directly influence the growth of the MEA Ascorbic Acid market during the outlook period.

The market for ascorbic acid is expected to grow during the calculated period due to growing demand from end-use industries, including food and beverage, pharmaceuticals, chemicals, personal healthcare and cosmetics. Also, the increasing demand for potassium, calcium and sodium salts of ascorbic acid or Ascorbic Acid as a food antioxidant additive is expected to stimulate the local market in the next six years. However, an uncertain supply of raw materials and the resulting price fluctuations should hamper market growth. Besides, the widespread acceptance of ascorbic acid in the food and feed industry as a preservative is expected to act as a market constraint during the forecast period. The R&D of the main industry players, as well as the technological developments in the medical industry, are about to create growth possibilities for the MEA ascorbic acid market. A significant growth in the dietary and diabetic population, combined with better living standards and increased health awareness, is expected to create additional market opportunities during the estimated period. However, the increased incidence of gastrointestinal irritation and diarrhea due to excessive vitamin intake is expected to hamper this business expansion.

This research report on the Middle East and Africa Ascorbic Acid market has been segmented and sub-segmented into the following categories.

Middle East and Africa Ascorbic Acid Market By Grade

• food
• pharmaceutical
• industrial

Middle East and Africa Ascorbic Acid Market By Application

• food and beverages
• pharmaceuticals
• chemicals
• personal care
• agriculture

The food and beverage segment is foreseen to record a significant CAGR during the evaluated period (2024 to 2029).

Middle East and Africa Ascorbic Acid Market By Country

• KSA
• UAE
• Israel
• rest of GCC countries
• South Africa
• Ethiopia
• Kenya
• Egypt
• Sudan
• rest of MEA

The Middle East and Africa are one of the key emerging regions, which is likely to generate significant opportunities in the ascorbic acid market during the calculated period due to the rising need for different personal care products in the locale. Ascorbic acid is a potent antioxidant and finds its use in anti-aging creams and in a wide range of medical applications like cancer, heart disease, and scurvy. In addition, applications as preservatives, photographic developer solution reductions, and others are also acting as boosters for the development of this local market.

KEY MARKET PLAYERS

GlaxoSmithKline Plc., DSM, NBTY Inc, Shandong Luwei Pharmaceutical, DuPont, Aland Nutraceuticals Group, Dishman Group, North China Pharmaceutical Group, Hebei Welcome Pharmaceutical Co, Northeast Pharmaceutical Group, BASF SE, CSPC Pharmaceutical Group, Bactolac Pharmaceutical Inc are some of the notable companies in the Middle East and Africa Ascorbic Acid market.

RECENT HAPPENINGS IN THE MARKET

• Royal DSM completed its acquisition of Aland (HK) Holding Limited, a Hong Kong-based company that offers Ascorbic Acid in China.
• Blagden introduced NV Ascorbic Acid which helps to reduce expression lines, brightens skin, offers even skin tone, and promotes hydration.