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Ascorbic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A23326
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Ascorbic Acid Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Ascorbic Acid | Chemical | USA | 3,572 USD/MT |
| Ascorbic Acid | Chemical | China | 2,418 USD/MT |
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.
Ascorbic Acid Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Ascorbic acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” 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 Market Analysis
The global ascorbic acid market 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 market, 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.
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
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
European ascorbic acid prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed ascorbic acid price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Ascorbic Acid Price
The analysis of ascorbic acid prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific data on ascorbic acid prices within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Ascorbic Acid Price
The report explores the ascorbic acid pricing trends 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.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Ascorbic Acid Price
The ascorbic acid pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This analysis can be further extended to include detailed ascorbic acid prices for a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Ascorbic Acid Price
The analysis of ascorbic acid prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Ascorbic Acid |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
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.
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- Speak to our experienced analysts for insights on the current market scenarios.
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