Ascorbil Palmitate Market Growing on the Backdrop of Surge in Demand from End Use Sectors
Global demand for processed food has been increasing across the regions which is anticipated to boost the demand for ascorbil palmitates. Ascorbil palmitates can be used as a food additive as well as it helps in maintaining nutritional value and acts as antioxidant supplement products. Growth in consumption of dietary supplements is one of the key factors boosting the demand of ascorbil. In America more than 70% of adults consume dietary supplements for maintaining health. The rise in health awareness will increase the demand for dietary supplements, which will serve as a driver for the global ascorbyl palmitate market. Demand for ascorbil palmitates as a functional ingredient for skin care products is also increasing at a fast pace. Availability is vitamin E, and vitamin C offers competitive edge as an ingredient in sun care products. Globally, nearly 52,710 patents has been filed for ascorbyl palmitate from which U.S. has filed 24,812, representing higher research and development activities associated with ascorbyl palmitate.
North America Dominates Ascorbil Palmitate Market
Ascorbil palmitate market is dominated by the North America region, and this dominance is expected to continue throughout the forecast period. The ascorbil palmitate markets in East and South Asia are expected to grow at a high level owing to growth of personal care and cosmetic industry. Countries such as the U.S., China, Indonesia and Brazil are expected to significantly propel the demand for ascorbil palmitates over the forecast period. Key players in the ascorbil palmitate market are focused on developing synthetic nonagricultural version of ascorbil palmitates. Low calorie content of ascorbil palmitates is attracting food processing industries as a functional additive. However, synthetic nonagricultural version of ascorbil palmitates can result in can result in bad flavors and odors in food products.
Increasing Demand for Ascorbil Palmitate in Food Industry
The addition of antioxidant additives such as ascorbyl palmitate can benefit for enhancing oxidation of lipids like PUFA. Food processing industries are adopting ascorbyl palmitate as a key ingredient in their packaged food products for increasing shelf life. FDA (Food and Drug Administration) has recognized ascorbyl palmitate as safe for using as a food additive. FDA has also approved the use of ascorbyl palmitate for animal feed, drugs, and other related products. Ascorbyl palmitate has also started to find its utility in infant formula, which is expected to create a new revenue stream.
Global Ascorbil Palmitate Market: Segmentation
The ascorbil palmitate market has been segmented into different form, application, end use industries, packaging type and region.
Based on type, the ascorbil palmitate market is segmented into:
Based on application, the ascorbil palmitate market is segmented into:
- Creams and Lotions
- Anti-Aging Products
- Sun Protection Products
- Food Additive
Based on end use industries, the ascorbil palmitate market is segmented into:
- Food and Beverages
Based on packaging, the ascorbil palmitate market is segmented into:
- Tetra Packaging
Based on region, the ascorbil palmitate market is segmented into:
- North America
- Latin America
- East Asia
- South Asia
Global Ascorbil Palmitate Market: Key Players
In the global ascorbil palmitate market, prominent manufacturers are focusing on developing ascorbyl palmitate as a source of vitamin C. FDA (Food and Drug Administration) has given green signal for using ascorbil palmitate as a food additive, hence leading companies are increasing their production capacity more than ever. Some of the key market participants in ascorbil palmitate market include Pure Encapsulations, LLC, GC Chemicals Corporation, Koninklijke DSM N.V., PureFormulas Inc., The good scent company, Parchem, Aceto Corporation, American International Chemical, LLC., ECSA Chemicals, Foodchem International, George Uhe Company, Jiangyin Healthway, Penta International, liberty natural products, Sinoway Industrial, among other prominent players.
The research report presents a comprehensive assessment of the Ascorbil palmitate market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies for the ascorbil palmitate market. The research report provides analysis and information according to the ascorbil palmitate market segmented into type, application, end use industries and packaging.
The ascorbil palmitate markets report covers exhaustive analysis on:
- Ascorbil palmitate market segments
- Ascorbil palmitate market dynamics
- Ascorbil palmitate market size
- Supply & demand of Ascorbil palmitate
- Current trends/issues/challenges
- Competition & companies involved
- Value chain
Regional analysis for Ascorbil palmitate market includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics, Eastern Europe, Rest of Europe)
- CIS and Russia
- Asia-Pacific (China, India, ASEAN, South Korea, Australia & New Zealand, Rest of APEJ)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel, Rest of MEA)
The report is a compilation of first-hand information of qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain of the ascorbil palmitate market. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segments of the ascorbil palmitate market. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size. in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of market
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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