Sodium Ascorbate Prices

Sodium Ascorbate Prices December 2023

The United States sodium ascorbate price for Q4 2023 in December was 2730 USD/MT.
The price of sodium ascorbate in China in Q4 2023 was 2581 USD/MT.
In Germany, sodium ascorbate prices for Q4 of 2023 reached 2708 USD/MT.

Sodium Ascorbate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Sodium Ascorbate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of sodium ascorbate 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 price trends across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

The report examines the elements influencing sodium ascorbate 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.

Sodium Ascorbate Market Analysis

The global sodium ascorbate market size reached US$ 266.9 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 419.8 Million, at a projected CAGR of 5.20% during 2023-2032.

• With the rising awareness about the health benefits of Vitamin C, demand for dietary supplements with sodium ascorbate is driving the market. With increasing awareness about immune health, vitamin supplements are gaining traction in the market.
• The scope of sodium ascorbate in functional food and drinks is growing. Increasingly, manufacturers are adding this compound to their products for enriched nutrition value and their ability to cater to the needs of more health-conscious consumers. This is supported by the increasing interest of consumers in fortified foods with health advantages beyond basic nutrition.
• The use of sodium ascorbate in the pharmaceutical sector, in intravenous therapy, has been growing. This application in high-dose vitamin C treatment is increasingly associated with the oncology and immune support business segments, with ongoing and ever-increasing research expanding the suite of clinical trials. Scientists at The Florey announced promising results from initial clinical trials showing that sodium ascorbate, a pH-balanced formulation of vitamin C, is effective in treating sepsis, a condition responsible for up to 50% of hospital deaths. The next phase of the $4.9 million government-funded study will commence in intensive care units across Australia, evaluating sodium ascorbate in 300 adult sepsis patients to further assess its efficacy.
• The growth of online retail has particularly influenced the sodium ascorbate market. E-commerce platforms are convenient, boast an expansive selection of products, and offer competitive prices. This will create a positive effect on the sale of supplements and sodium ascorbate-fortified products.
• The increased number of regulatory approvals and certifications for the quality and safety of the products is supporting the growth of the market. This is further well received by compliance with international standards and certifications, such as GMP and NSF, to name a few, which add tremendous credibility to products and ultimately resonate well with the rises in the basket of consumers, consequently augmenting the market's growth. With rising health-conscious population and more proactive approach about the need to stay healthy and free of diseases, there has been a move towards preventive health care. Sodium ascorbate fits very neatly into this trend as an antioxidant with an immune system booster, which helps in expansion of the market.
• The sodium ascorbate market is on the rise with increasing health awareness in emerging economies, increased disposable incomes, and improved access to information about healthcare and health products. This is creating an excellent ground for expansion among the manufacturers and suppliers.
• Companies are entering into strategic collaborations and partnerships to diversify their product portfolio and market presence which is acting as a significant growth-induing factor for the market.

Sodium Ascorbate News

The report covers the latest developments, updates, and trends impacting the global sodium ascorbate 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 sodium ascorbate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Product Description

Sodium ascorbate, the sodium salt of ascorbic acid, is a water-soluble compound that is used primarily as a source of vitamin C in dietary supplement and food fortification. It serves as an antioxidant, neutralizing free radicals to prevent oxidative damage, and is commonly used as a dietary supplement to provide vitamin C, as well as in the food industry to preserve freshness and prevent oxidation.
 
It is highly soluble in water, which facilitates its use in a variety of aqueous formulations. Its slightly alkaline nature, with a typical pH of 7 to 8 in solution, makes it more stable in higher pH environments. Sodium ascorbate is also utilized in various industrial applications, including as a stabilizer in pharmaceutical formulations and as a reagent in chemical analyses. Its stability and solubility in water enhance its versatility across different fields.

Sodium ascorbate comes in several forms including powder, capsules, and tablets and this offers flexibility and convenience for different uses and preferences.

Regional Coverage

The report provides a detailed analysis of the sodium ascorbate 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 price trends.

Global Sodium Ascorbate Price

The report offers a holistic view of the global sodium ascorbate 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.

North America Sodium Ascorbate Price

The analysis of sodium ascorbate 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 sodium ascorbate prices within the United States and Canada can also be provided.

Asia Pacific Sodium Ascorbate Price

The sodium ascorbate 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 rises, and policy shifts in major economies.

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

Europe Sodium Ascorbate Price

European sodium ascorbate 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 sodium ascorbate price information for a comprehensive list of countries.

Middle East and Africa Sodium Ascorbate Price

The report explores the sodium ascorbate 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 sodium ascorbate prices for countries can also be provided.

Latin America Sodium Ascorbate Price

The analysis of sodium ascorbate 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.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of sodium ascorbate 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 sodium ascorbate price volatility, 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 sodium ascorbate industry.