Sarasota, FL -- (SBWIRE) -- 09/22/2016 -- The report provides analysis and forecast for the ascorbic acid market on a regional and global level. According to the report, the global ascorbic acid market was around 150.2 kilo tons in 2015. The global ascorbic acid market revenue accounted for USD 820.4 million in 2015 and is expected to reach USD 1083.8 million by 2021, growing at a CAGR of around 4.8% between 2016 and 2021. The study provides drivers and restraints for the ascorbic acid market coupled along with the impact they have on the demand over the forecast period. Moreover, the report also covers the analysis of opportunities existing in the ascorbic acid market on a global level.

With the objective to give the users of this report a complete view on the Ascorbic Acid market and to better understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the Ascorbic Acid market has also been covered. The study shares a market attractiveness analysis, wherein end-user segments are benchmarked based on their growth rate, market size and general attractiveness.

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Ascorbic acid production is hugely dependent on availability of raw material. Thus, any fluctuation in availability and prices of raw material can severely affect ascorbic acid market. This is expected to curb the growth of ascorbic acid market over the years. However, investments in research and development by major industry players coupled along with exponential technological advancements in pharmaceutical industry is expected to act as a major opportunity for ascorbic acid market.

In terms of geography, Asia-Pacific was largest consumer of ascorbic acid in 2015. The consumption in Asia Pacific is expected to grow at a rapid pace mainly due to availability of low cost manufacturing facilities in China. China is the largest consumer and producer of ascorbic acid. Moreover, the ever increasing demand for food and health supplements primarily in Asia Pacific is expected to boost the demand for ascorbic acid in this region. Europe and North America also consume ascorbic acid on large scale. The demand for ascorbic acid in this region is also expected to grow in coming years as a result of increasing demand from personal care and food & beverages end-user industry. Ascorbic Acid demand is increasing in emerging nations such as Brazil, India and China.

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The study provides a clear view on the ascorbic acid market by segmenting the market based on end-user segment and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. Based on end-user segment, the Ascorbic Acid market has been segmented into pharmaceutical, food & beverages, personal care and other end-users. The regional segmentation includes the current and forecast demand for North America, Asia Pacific, Latin America, Europe, and Middle East and Africa with its further bifurcation into major countries including China, Japan, India U.S. Germany, France, UK, and Brazil.

Some of the key players of the market include, DSM, DuPont, BASF SE, Northeast Pharmaceutical Group, Shandong Luwei Pharmaceutical, Hebei Welcome Pharmaceutical Co, North China Pharmaceutical Group, Bactolac Pharmaceutical Inc, CSPC Pharmaceutical Group, Dishman Group, Aland Nutraceuticals Group, NBTY Inc., GlaxoSmithKline Plc. and others. The thorough description of players includes parameters such as company overview, business, financial overview, and recent developments of the company.

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This report segments the global ascorbic acid market as follows:

Global Ascorbic Acid Market: End-user Segment Analysis

Pharmaceutical
Food & beverages
Personal Care
Others

Global Ascorbic Acid Market: Regional Segment Analysis

North America
U.S.
Europe
Germany
UK
France
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa