Ascorbic Acid Prices

Ascorbic Acid Price Trend and Forecast

Track the latest insights on ascorbic acid price trends and forecast with detailed analysis of regional fluctuations and market dynamics across Europe, North America, Middle East & Africa, Asia Pacific, and Latin America.

Ascorbic Acid Prices Q4 2024

During the last quarter of 2024, the ascorbic acid prices in the USA reached 3,637 USD/MT in December. As per the ascorbic acid price chart, sustained demand from downstream food and beverage, pharmaceutical, and nutraceutical industries supported higher prices throughout the quarter. Moreover, port infrastructure improvements and reduced logistics constraints also contributed to the price appreciation.

During the last quarter of 2024, the ascorbic acid prices in China reached 2,542 USD/MT in December. The market saw a significant price increase as producers changed their tactics in response to Golden Week disruptions. Pricing decisions were influenced by rising freight charges and strong demand from international buyers. Supply networks were dynamic due to proactive replenishment prompted by low inventory levels. By December, pricing momentum had been maintained by production ramp-ups and strategic inventory management, which strengthened the market's ability to adjust to shifting demand.

Ascorbic Acid Prices Q4 2023

The price of ascorbic acid in the United States for Q4 2023 reached 3,572 USD/MT in December. On the other hand, in China, ascorbic acid prices reached 2,418 USD/MT in the fourth quarter of 2023.

Regional Coverage

The report provides a detailed analysis of the ascorbic acid market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the ascorbic acid price trend.  

Global Ascorbic Acid Price Trend

The report offers a holistic view of the global ascorbic acid pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe Ascorbic Acid Price Trend

As seen in the ascorbic acid price index, due to favorable market conditions, ongoing demand, and shipping delays from Asian sources, the cost of importing ascorbic acid into Germany increased steadily in Q4 2024. Purchase pressure improved by December, as European consumers sought more inventory in anticipation of possible supply chain interruptions. Moreover, as purchasers fought for scarce goods, rising procurement costs resulted in price increases.

This analysis can be extended to include detailed ascorbic acid price information for a comprehensive list of countries.

North America Ascorbic Acid Price Trend

Strong demand in the food, pharmaceutical, and nutraceutical industries contributed significantly to the constant increase in prices in North America. Price inflation was further backed by enhanced port operations and robust logistical networks, which enabled more seamless trade flows. Market participants maintained high container volumes, and the rising trend was further bolstered by deliberate price changes made by local suppliers. As December went on, stronger export rates were a result of increased buying, especially prior to the holidays.

Specific data on ascorbic acid prices within the United States and Canada can also be provided.

Middle East and Africa Ascorbic Acid Price Trend

The report explores the ascorbic acid pricing trends and ascorbic acid price chart in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on ascorbic acid prices for countries can also be provided.

Asia Pacific Ascorbic Acid Price Trend

In Q4 2024, China's vitamin C market underwent substantial changes due to shifting supply chain tactics and variations in demand. After slowing market activity for a while, the Golden Week holiday led to vigorous restocking attempts, which forced suppliers to adjust their price plans. Demand from around the world, especially from Western countries, supported price changes as producers adjusted to lower stock levels and more affordable transportation. Proactive production planning and inventory growth by December created the conditions for long-term price stability. The region demonstrated a dynamic market structure that balanced supply limits with growing demand, with both domestic and export markets maintaining stable procurement rates.

This analysis can be further extended to include detailed ascorbic acid prices for a comprehensive list of countries within the region.

Latin America Ascorbic Acid Price Trend

Latin America's ascorbic acid market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in ascorbic acid prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, the ascorbic acid price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing ascorbic acid pricing trends in this region.

This comprehensive review can be extended to include specific countries within the region.

Ascorbic Acid Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Ascorbic Acid Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of ascorbic acid pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of ascorbic acid price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing ascorbic acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Ascorbic Acid Industry Analysis

The global ascorbic acid industry size reached 444.4 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach 666.1 Thousand Tons, at a projected CAGR of 4.60% during 2023-2032.

• Ascorbic acid is widely utilized as a preservative and antioxidant in the food and beverage industries. It helps to extend the shelf life of items by avoiding oxidation, which reduces food quality. The global expansion of the food and beverage industry, driven by rising consumer demand for processed and packaged foods, has increased the requirement for ascorbic acid. The global packaged food market reached $2,441.3 Billion by 2023. Looking ahead, IMARC Group predicts the market to reach $4,581.6 Billion by 2032, with a 7% compound annual growth rate (CAGR) from 2024 to 2032.Furthermore, there is a growing demand for clean label products, with ascorbic acid being preferred due to its natural vitamin profile and lack of synthetic ingredients. According to a survey conducted by the Center for Food Integrity, 75% of respondents recognize nutrition and ingredient labels on their food; 53 % believe that "clean label" products are healthier.  Notably, 46% of Americans believe that the availability of basic food ingredients directly influences their purchase preferences, and they are willing to pay more for these items. As a result, the market size of "clean label" ingredients food is set to rise significantly; it is expected to reach roughly USD 47.5 Billion by 2023, with a CAGR of 6.8% throughout the forecast period.
• Ascorbic acid is also a common cosmetic ingredient, notably in skincare, where it is prized for its antioxidant effects and ability to increase collagen formation, protect against sun damage, and brighten skin tone. The growing preference for anti-aging products and natural beauty treatments has led to the incorporation of vitamin C in a variety of formulas, including serums, moisturizers, and sunscreens. Looking ahead, IMARC Group estimates the market to reach US$ 120.4 billion by 2032, with a compound annual growth rate (CAGR) of 5.8% from 2024 to 2032. Besides, as the global cosmetics market grows, particularly in emerging nations, demand for ascorbic acid is likely to rise accordingly.
• Ascorbic acid manufacturing on a wide scale has become more efficient and cost-effective due to technological developments in synthesis and production. These enhancements meet the increasing demand, and also provide a consistent supply of high-quality ascorbic acid to numerous sectors. Innovations in fermentation technology, for example, have enabled the long-term manufacture of ascorbic acid from other substrates, reducing reliance on traditional raw materials such as corn or wheat starch.

Ascorbic Acid News

The report covers the latest developments, updates, and trends impacting the global ascorbic acid industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in ascorbic acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the ascorbic acid price trend.

Latest developments in the ascorbic acid industry:

• In March 2024, DSM-Firmenich announced the successful sale and transfer of its 100% equity interest in DSM Jiangshan Pharmaceutical Co., Ltd. to Jingjiang Cosfocus Health Technology Co., Ltd. The company announced on June 28, 2023 that it was exploring a range of options for the Jiangshan Vitamin C (ascorbic acid) plant in Jinjiang, China.

Product Description

Ascorbic acid, also known as vitamin C, is a water-soluble vitamin that is found naturally in some foods, added to others, and sold as a dietary supplement. It is a potent antioxidant that protects cells from the damage caused by free radicals, which are chemicals produced when our bodies transform food into energy. People are also exposed to free radicals in their environment through cigarette smoke, air pollution, and UV light from the sun. Ascorbic acid is essential for several body activities, including the formation of collagen, L-carnitine, and some neurotransmitters. It also plays a role in protein metabolism, which is necessary for wound healing and the maintenance of cartilage, bones, and teeth.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of ascorbic acid pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting ascorbic acid price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the ascorbic acid industry.