Ascorbic Acid Market

By Form;

Powder and Liquid

By Packaging;

Bags, Drums, Tubes, Sachets, and Others

By Grade;

Food Grade, Pharmaceutical Grade, Cosmetic Grade, and Industrial Grade

By End User;

Pharmaceutical, Food & Beverages, Personal Care, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn917499846 Published Date: August, 2025 Updated Date: September, 2025

Ascorbic Acid Market Overview

Ascorbic Acid Market (USD Million)

Ascorbic Acid Market was valued at USD 1,000.90 million in the year 2024. The size of this market is expected to increase to USD 1,417.78 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.1%.


Ascorbic Acid Market

*Market size in USD million

CAGR 5.1 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.1 %
Market Size (2024)USD 1,000.90 Million
Market Size (2031)USD 1,417.78 Million
Market ConcentrationMedium
Report Pages316
1,000.90
2024
1,417.78
2031

Major Players

  • CSPC Pharmaceutical Group Ltd.
  • FUJIFILM Wako Pure Chemical Corp.
  • GFS Chemicals, Inc.
  • Jiangshan Huarong Pharmaceutical
  • Jilin Aili Pharmaceutical
  • Hebei Welcome Pharmaceutical
  • Shandong Luwei Pharmaceutical
  • Chongqing Shuangfei Pharmaceutical
  • Xi'an Jiutian Pharmaceutical

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Ascorbic Acid Market

Fragmented - Highly competitive market without dominant players


The Ascorbic Acid Market is witnessing substantial growth as awareness of immune health and antioxidant benefits rises. Nearly 50% of consumers are incorporating vitamin C supplements into their daily routines, reflecting a focus on preventive health measures. Increasing demand from nutraceutical and functional food sectors is boosting market expansion and creating strong adoption across various consumer segments.

Rising Demand from Food & Beverage Industry
Ascorbic acid is widely used as a preservative and antioxidant in the food and beverage sector. About 45% of processed food manufacturers now rely on ascorbic acid to enhance shelf life and maintain nutritional quality. This functional benefit is strengthening its position as an essential ingredient in beverages, confectioneries, and dairy products.

Growth Driven by Pharmaceutical Applications
The pharmaceutical segment contributes significantly, with approximately 40% of ascorbic acid production used in vitamin supplements, cold remedies, and injectable solutions. Its role in immune support and chronic disease prevention is encouraging wider utilization, reflecting growing healthcare awareness and preventive treatment strategies.

Adoption in Cosmetic & Personal Care Products
About 35% of skincare and cosmetic formulations now include ascorbic acid for anti-aging and brightening effects. Its antioxidant properties help combat free radicals and skin damage, making it a popular ingredient in serums, creams, and lotions. This trend highlights its versatility beyond dietary applications.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Form
    2. Market Snapshot, By Packaging
    3. Market Snapshot, By Grade
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Ascorbic Acid Market
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Health supplements demand
        2. Food and beverage industry
        3. Cosmetic applications
        4. Pharmaceutical formulations
      2. Restraints
        1. Raw material costs
        2. Regulatory challenges
        3. Competition from alternatives
        4. Storage and stability issues
      3. Opportunities
        1. Growing functional food market
        2. Expansion in emerging economies
        3. Increasing R&D investments
        4. Demand for natural ingredients
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Ascorbic Acid Market, By Form, 2021 - 2031 (USD Million)
      1. Powder
      2. Liquid
    2. Ascorbic Acid Market, By Packaging, 2021 - 2031 (USD Million)

      1. Bags
      2. Drums
      3. Tubes
      4. Sachets
      5. Other Packaging Formats
    3. Ascorbic Acid Market, By Grade, 2021 - 2031 (USD Million)

      1. Food Grade
      2. Pharmaceutical Grade
      3. Cosmetic Grade
      4. Industrial Grade
    4. Ascorbic Acid Market, By End User, 2021 - 2031 (USD Million)
      1. Pharmaceutical
      2. Food & beverages
      3. Personal care
      4. Others
    5. Ascorbic Acid Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. CSPC Pharmaceutical Group Ltd.
      2. FUJIFILM Wako Pure Chemical Corp.
      3. GFS Chemicals, Inc.
      4. Jiangshan Huarong Pharmaceutical
      5. Jilin Aili Pharmaceutical
      6. Hebei Welcome Pharmaceutical
      7. Shandong Luwei Pharmaceutical
      8. Chongqing Shuangfei Pharmaceutical
      9. Xi'an Jiutian Pharmaceutical
  7. Analyst Views
  8. Future Outlook of the Market