Vitamin C Prices

Vitamin C Prices June 2024

The vitamin C prices in the United States for Q2 2024 reached 4150 USD/MT in June. The prices encountered significant fluctuations. The market saw a marked decline as extra trade met with reduced demand, especially from the food, medicinal products, and nutritional supplements industries. Asian competition intensified this decline, further lowering prices, while transportation hurdles and increased freight costs compounded the pressure. The result was a persistently negative pricing trend, reflecting a market struggling to balance high stock with subdued demand.

The price trend for vitamin C in China for Q2 2024 settled at 3350 USD/MT in June. China’s Vitamin C market experienced pronounced price reductions. With excess inventory levels across the region, suppliers faced downward pressure on pricing, particularly in light of weakened domestic and international demand. High shipping costs and logistical delays further impacted the market, creating a challenging environment. Ultimately, this combination of ample supply, limited demand, and logistical constraints led to a sustained drop in Vitamin C prices in China.

In Germany, the vitamin C prices for Q2 2024 reached 3720 USD/MT in June. The market saw descending pricing adjustments during Q2 2024, driven by oversupply and limited demand from the nutraceutical and pharmaceutical sectors. This trend was intensified by competitive pricing from Chinese suppliers, which forced German producers to continually lower prices. Logistical challenges and seasonal factors further influenced the market, leading to a persistently negative pricing environment as suppliers contended with lower profitability and ongoing adjustments.

Vitamin C Prices December 2023

The vitamin C prices in China for Q4 2023 reached 2425 USD/MT (Food USP grade) in December. While markets like China and India witnessed a rise in prices due to heightened export costs, production adoption in the pharmaceutical and nutraceutical industries declined, specifically in November. The Chinese market faced price reductions, thereby affecting the Vitamin C market. Contrarily, India's market grew due on account of improved conditions of the economy and production growth. Besides increased productivity, China’s surplus supply led to a reduction in Vitamin C prices, compounded by weak international demand and fewer inquiries.

The price trend for vitamin C in Germany for Q4 2023, reached 2745 USD/MT in December. Germany, a major player in the region, saw a price drop due to ample supply and reduced demand. Toward the latter portion of the quarter, the market experienced a price surge due to the export ban from China, a major supplier, leading to rising costs for importers. Additionally, rising charges of freight influenced by geopolitical tensions added to the pricing pressures in the region.

Regional Coverage

The report provides a detailed analysis of the vitamin C market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast 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 vitamin C price trend.

Global Vitamin C Price

The report offers a holistic view of the global vitamin C pricing trends in the form of vitamin C price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into vitamin C historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into vitamin C price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed vitamin C demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Vitamin C Price

Q2 2024: 

During Q2, the European Vitamin C market faced a significant downward pricing trend, largely shaped by a range of interlinked factors. Persistent oversupply, compounded by competitive pricing from major Asian producers, particularly China, exerted steady downward pressure on market prices. Additionally, weakened demand from vital sectors like pharmaceuticals, food and beverages, and nutraceuticals intensified this trend, thus pushing prices down. Supply chain disruptions and logistical hurdles further contributed to market instability, affecting procurement strategies across Europe. Germany, in particular, saw pronounced price fluctuations, driven by seasonal factors and trends within the industry. The market in Germany concluded the quarter with notable price reductions, reflecting a challenging environment where oversupply, limited demand, and competitive international pricing have led to a steady reduction in vitamin C costs. This combination of factors underscored a difficult quarter for European suppliers navigating lower profit margins and ongoing price adjustments.

Q4 2023:

In Q4 2023, the Vitamin C market across Europe grappled with reduced consumption rates from key sectors such as beverage, nutraceutical, food, and pharmaceutical, primarily due to ample inventory. This decrease in consumption rates resulted in limited bargaining of prices and restricted number of fresh leads. High stock levels among domestic suppliers also led to the market's declining trend. Germany, a major player in the region, saw a price drop due to ample supply and reduced demand. Toward the latter part of the quarter, the market experienced a price surge due to the ban of exports from China, a major supplier, leading to surging costs for importers. Additionally, higher freight charges influenced by geopolitical tensions added to the pricing pressures in the region.

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

North America Vitamin C Price

Q2 2024: 

In 2024, the industry displayed a variable costing, initially seeing price increases in April, followed by a gradual decline through June. This price change stemmed from various market influences, primarily surplus vitamin C inventory paired amid subdued local demand across crucial areas like food and drink, medications, and dietary supplements. Rivalry costing pressures from Asian suppliers further fueled this extra trade, contributing to sustained downward price movements. Added challenges arose from international exchange disturbances, which led to elevated shipping expenses and longer waiting periods, exacerbating the strain on distribution channels. These factors collectively resulted in a challenging pricing environment, as suppliers grappled with decreased profitability amidst ongoing price adjustments. The overall sentiment for the quarter leaned negative, reflecting the intricate balance between high supply levels and tepid demand in the vitamin C sector.

Q4 2023:

In the North America Vitamin C market a reduction in demand, especially from pharmaceutical and nutraceutical industries was observed. This led to market fluctuations despite a stable supply. Rising costs of energy and volatile pricing didn't deter a generally positive market outlook by the close of the quarter. Vitamin C costs began on a high but declined by the closing of the quarter, reflecting a significant year-over-year drop. The decrease in demand and ample supply were key contributors to this trend. However, an increase in the volume of export suggested that sellers had moved past stock clearance and were gearing up for the festive season. The overall economic environment in the U.S. showed resilience, with increasing disposable income level toward December boosting the Vitamin C market.

Specific vitamin C historical data within the United States and Canada can also be provided.

Middle East and Africa Vitamin C Price

The report explores the vitamin C 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 vitamin C prices for countries can also be provided.

Asia Pacific Vitamin C Price

Q2 2024: 

The Asia Pacific region saw a clear decline in Vitamin C prices during Q2 2024, driven by several dynamic market factors. The prevalent sentiment remained largely negative, impacted by a surplus of inventory that led to downward price pressure amid lackluster demand from major industries, including nutraceuticals, food and beverages, and pharmaceuticals. Consistently high inventory levels created an imbalance, resulting in aggressive price reductions. Furthermore, logistical bottlenecks and increased shipping costs added to the region’s challenges, discouraging procurement activities, and weighing heavily on market stability. Economic uncertainties and restrained consumer spending further contributed to the region's subdued market climate. In total, the combination of surplus stock, logistical difficulties, and limited demand created a challenging pricing environment, marking a period of consistent decline in prices throughout Q2 2024.

Q4 2023:

The vitamin C industry in the Asia Pacific during Q4 2023 experienced mixed dynamics, with fluctuating prices influenced by rising prices of input material and varying demand. While markets like India and China saw price increases due to higher export costs, consumption in the pharmaceutical and nutraceutical industries declined, specifically in November. China faced reduction in prices, further affecting the Vitamin C market. Opposed to this, India's market rose on account of growth in production and enhancement in financial conditions. Regardless of this increased result, China’s surplus supply led to a reduction in Vitamin C prices, compounded by weak overseas demand and fewer inquiries. However, the market closed on a positive note, driven by growing consumer confidence and improved economic indicators in China.

This vitamin C price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Vitamin C Price

The analysis of vitamin C 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.

Vitamin C Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Vitamin C Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of vitamin c 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 price of vitamin c at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of vitamin c price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing vitamin c 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.

Vitamin C Market Analysis

The global vitamin C market size reached US$ 1.9 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 3.1 Billion, at a projected CAGR of 6.00% during 2023-2032.

• The growing aging population worldwide is contributing to increased demand for vitamin C supplements due to age-related health concerns. As per the World Health Organization (WHO), the global population aged 60 years and older is expected to increase from 1 billion in 2020 to 2.1 billion by 2050. By 2030, 1 in 6 individuals in the world will be aged 60 years or over. Moreover, the number of individuals aged 80 years and older is anticipated to triple by 2050 reaching 426 million, thus increasing the demand for Vitamin C.
• In addition, the rising demand for vitamin C among the growing geriatric population to support healthy aging, and minimized risk of morbidity and mortality are propelling the market growth. According to the National Library of Medicine, France is the only country with a higher Vitamin C level recommendation of 120 mg/day for adults equal to 75 years and above. 
• The increasing popularity of e-commerce channels for purchasing dietary supplements such as vitamin C is driving the market growth. Imarc Group reports that the global e-commerce market reached US$ 21.1 trillion in 2023 and is projected to reach US$ 183.8 trillion by 2032, with a compound annual growth rate (CAGR) of 27.16% during the forecast period of 2024-2032. Online retailers catering to health-conscious consumers are witnessing increased demand for vitamin C supplements, contributing to the growth of the e-commerce industry.
• Chronic diseases such as cardiovascular diseases, cancer, and diabetes are driving demand for dietary supplements, including vitamin C, as part of preventive healthcare measures. For instance, in 2023, according to the World Health Organization (WHO), non-communicable diseases (NCDs) account for an estimated 74% of all deaths globally, killing 41 million individuals each year. According to the National Library of Medicine, Vitamin C supplementation aids in curbing the risk of numerous NCDs, including cancer, cardiovascular diseases, and neurodegenerative disorders owing to the antioxidant properties of vitamin C. It also combats inflammation, cellular damage, and oxidative stress which are implicated in the pathogenesis of NCDs, thus increasing the demand for Vitamin C across the globe.
• Government initiatives and programs aimed at promoting nutrition and dietary supplementation are driving market growth. For instance, the National Health and Nutrition Examination Survey (NHANES) conducted by the Centers for Disease Control and Prevention (CDC) in the United States provides data on dietary supplement use, influencing market trends and consumer behavior.

Vitamin C News

The report covers the latest developments, updates, and trends impacting the global vitamin c 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 vitamin c production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the vitamin c price trend.

Latest developments in the vitamin C industry:

• March 2024, DSM-Firmenich officially announced the completion and sale of its entire equity stake in DSM Jiangshan Pharmaceutical CO., Ltd to JingJiang Cosfocus Health Technology Co., Ltd.

Product Description

Vitamin C, or ascorbic acid, is a crucial nutrient vital for human health, renowned for its antioxidant abilities and roles in collagen synthesis, neurotransmitter production, and immune system support. Humans can't produce vitamin C internally and rely on diet for intake. Rich sources include fruits such as oranges, strawberries, and vegetables like bell peppers and kale.

In nature, plants synthesize vitamin C through enzymatic processes, emphasizing their symbiotic role as primary producers. This nutrient's importance lies in its diverse functions: combating oxidative stress, supporting collagen production for skin and tissue health, aiding neurotransmitter synthesis for mood and cognition, and enhancing immune system responses against infections. Industrially, vitamin C finds extensive use in pharmaceuticals for scurvy treatment and supplemental formulations targeting various health needs. Its popularity in dietary supplements reflects its wide recognition as a health booster, appealing to diverse consumer preferences.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of vitamin c 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 vitamin c 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. The vitamin c price charts ensure our clients remain at the forefront of the industry.