Southeast Asia Vitamin C and Derivatives Market Outlook and Forecast 2024-2030

The Southeast Asia Vitamin C and Derivatives market size was valued at US$ 415.7 million in 2024 and is projected to reach US$ 587.3 million by 2030, at a CAGR of 5.9% during the forecast period 2024-2030.

Vitamin C and its derivatives are essential nutrients and active ingredients used in dietary supplements, food fortification, cosmetics, and pharmaceutical applications, known for their antioxidant properties and health benefits.

The Southeast Asia Vitamin C and Derivatives market is growing robustly, driven by increasing health awareness, rising demand for nutraceuticals, and expanding cosmetics industry. In 2023, total consumption reached 75,000 metric tons, with Indonesia, Thailand, and Vietnam accounting for 65% of regional demand. The dietary supplement sector remains the largest consumer at 40%, followed by food and beverages at 30%. Ascorbic acid dominates with a 65% market share. The market saw a 18% increase in demand for vitamin C in immune-boosting supplements in 2023, reflecting heightened health concerns. Vitamin C derivatives in skincare products are growing at 12% annually, driven by their stability and efficacy. The trend towards clean label products led to a 15% rise in adoption of naturally-derived vitamin C in 2023. Liposomal vitamin C saw a 20% surge in demand for enhanced bioavailability. The market is witnessing increased focus on sustainable sourcing, with a 25% growth in investments for bio-based vitamin C production technologies.

Report Includes

This report is an essential reference for who looks for detailed information on Southeast Asia Vitamin C and Derivatives. The report covers data on Southeast Asia markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Southeast Asia major vendors¡¯ information. In addition to the data part, the report also provides overview of Vitamin C and Derivatives, including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.

This report aims to provide a comprehensive presentation of the Southeast Asia Vitamin C and Derivatives, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vitamin C and Derivatives. This report contains market size and forecasts of Vitamin C and Derivatives in Southeast Asia, including the following market information:

We surveyed the Vitamin C and Derivatives manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

by Country

•    Thailand

•    Indonesia

•    Vietnam

•    Malaysia

•    Philippines

•    Singapore

•    Myanmar

by Products type:

•    Food Grade

•    Pharmaceutical Grade

•    Feed Grade

by Application:

•    Food & Beverage

•    Pharmaceuticals & Healthcare

•    Feed

•    Cosmetics

•    Others

key players include: (At least 8-10 companies included)

•    DSM Nutritional Products

•    BASF SE

•    Adisseo

•    Zhejiang Medicine Co., Ltd.

•    Northeast Pharmaceutical Group Co., Ltd.

•    North China Pharmaceutical Co., Ltd.

•    Guangdong Luckerkong Biotech Co.,Ltd

•    Jiangsu Brother Vitamins Co., Ltd.

•    Hunan Sunshine Bio-Tech Co., Ltd.

•    PT Cheil Jedang Indonesia

Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:

•    Key companies Vitamin C and Derivatives revenues in Southeast Asia market, 2019-2024 (Estimated), ($ millions)

•    Key companies Vitamin C and Derivatives revenues share in Southeast Asia market, 2023 (%)

•    Key companies Vitamin C and Derivatives sales in Southeast Asia market, 2019-2024 (Estimated),

•    Key companies Vitamin C and Derivatives sales share in Southeast Asia market, 2023 (%)

Key Points of this Report:

•    The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis

•    The report covers Southeast Asia and country-wise market of Vitamin C and Derivatives

•    It describes present situation, historical background and future forecast

•    Comprehensive data showing Vitamin C and Derivatives capacities, production, consumption, trade statistics, and prices in the recent years are provided

•    The report indicates a wealth of information on Vitamin C and Derivatives manufacturers

•    Vitamin C and Derivatives forecast for next five years, including market volumes and prices is also provided

•    Raw Material Supply and Downstream Consumer Information is also included

•    Any other user's requirements which is feasible for us

Reasons to Purchase this Report:

•    Analyzing the outlook of the market with the recent trends and SWOT analysis

•    Market dynamics scenario, along with growth opportunities of the market in the years to come

•    Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects

•    Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.

•    Market value (USD Million) and volume (Units Million) data for each segment and sub-segment

•    Distribution Channel sales Analysis by Value

•    Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

•    Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

•    1-year analyst support, along with the data support in excel format.

Table of Content:

1 Market Overview    

1.1 Product Overview and Scope of Vitamin C and Derivatives 

1.2 Segment by Type    

1.2.1 Southeast Asia Market Size YoY Growth Rate Analysis by Type: 2023 VS 2030    

1.2.2 Food Grade    

1.2.3 Pharmaceutical Grade

1.2.4 Feed Grade

1.3 Segment by Application  

1.3.1 Southeast Asia Market Size YoY Growth Rate Analysis by Application: 2023 VS 2030    

1.3.2    Food & Beverage

1.3.3    Pharmaceuticals & Healthcare

1.3.4    Feed

1.3.5    Cosmetics

1.3.6    Others

1.4 Southeast Asia Market Growth Prospects    

1.4.1 Southeast Asia Revenue Estimates and Forecasts (2019-2030)    

1.4.2 Southeast Asia Production Estimates and Forecasts (2019-2030)  

2 Southeast Asia Growth Trends    

2.1 Industry Trends    

2.1.1 SWOT Analysis    

2.1.2 PESTEL Analysis    

2.1.3 Porter’s Five Forces Analysis    

2.2 Potential Market

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