The Vitamin C Supplements Market is being driven by Increasing prevalence of vitamin C deficiency
The Vitamin C Supplements Market is expected to grow at a CAGR of 8.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 5726.5 million. The global vitamin C supplements market is experiencing significant growth due to the implementation of strategic business initiatives by market players. Companies are pursuing various strategies, such as mergers and acquisitions and strategic partnerships and collaborations, to enhance their distribution networks and enrich their product offerings. For instance, in 2024, Bayer AG strengthened its partnership with Huma, a UK-based health tech firm, to introduce a digital heart risk assessment tool in Saudi Arabia. This collaboration aligns with Saudi Arabia's Vision 2030 initiative to modernize healthcare through digital innovation. The tool, which utilizes real-time health data and AI to evaluate cardiovascular risk, aims to promote early detection and preventive care for heart disease.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
222 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.4% |
Market growth 2025-2029 |
USD 5726.5 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
7.9 |
Key countries |
US, Canada, China, Germany, India, UK, France, Japan, Italy, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Vitamin C market encompasses various forms of this essential nutrient, including vitamin C esters like calcium ascorbate and magnesium ascorbate, as well as zinc ascorbate. Sources of Vitamin C include rose hips, acerola cherry, and citrus fruits. Bioavailability testing through in vitro and in vivo studies, along with pharmacokinetic research, examines metabolic pathways, blood levels, and tissue levels. Vitamin C's antioxidant capacity protects against oxidative stress, DNA damage, and inflammation. It boosts immune cell activation, reduces inflammation, and improves skin function, including skin barrier function, melanin production, sun protection, and collagen production for skin tightening, wrinkle reduction, and skin tone improvement. Vitamin C synergy with other nutrients enhances its benefits. It aids in tissue regeneration, collagen crosslinking, bone health, cartilage health, iron deficiency anemia, blood vessel health, cardiovascular disease prevention, cancer prevention, neurological health, and eye health.
The Vitamin C supplements market is a significant segment of the global pharmaceuticals industry, encompassing companies involved in the research and development or production of various forms of Vitamin C, including ascorbic acid, chelated Vitamin C, esterified Vitamin C, and liposomal Vitamin C. According to Technavio, the global pharmaceuticals market, which includes the revenue generated by manufacturers and providers of equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services, is expected to experience growth due to several factors. One key driver is the increasing global population aging, with Europe and the US projected to have a significant proportion of their populations over 60 years old by 2030 and 2050, respectively. This demographic shift is expected to boost demand for Vitamin C supplements, as they support immune system function and offer free radical scavenging properties, making them essential for maintaining health and wellness in older adults. Food sources of Vitamin C, such as citrus fruits and bell peppers, may not provide sufficient daily intake, making supplementation a viable option.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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