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Vitamin C
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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

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Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

meet-abi-1

Abi will answer all Vitamin C related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

discover-market-info

Get up-to-date market and supplier info on Vitamin C to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Report Coverage

  1. Market Overview
  2. Price Trend Analysis
  3. Value Chain and Supply Analysis
  4. Cost Drivers

Production Size

Global Production Size/ Capacity

$1,157 Million

CAGR

5–6 percent

Expected Global Production Size/ Capacity

$13,43 Million (2023)

Table of Contents

  1. Executive Summary
  2. Market Snapshot
  3. Global Market Outlook
  4. COVID-19 Impact
  1. Market Overview
  2. Market Overview
  3. Price Trend Analysis
  4. Value Chain and Supply Analysis
  5. Cost Drivers
  6. Cost Breakdown
  7. Porter’s Five Forces
  1. Raw Material Outlook
  2. Market Overview
  3. Price Drivers
  4. Industry Regulations
  1. Market Trends
  2. Key Market Trends

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Vitamin C Global Market Outlook:

MARKET OVERVIEW

  • Global market size – $1,157 Million (2020 E)
  • Expected to grow at a CAGR of 5–6 percent to $13,43 Million by 2023

KPIs

  • Pharma Grade Material
  • Regulatory Certifications
  • Capacity
  • Raw Material Cost

Key Market trends

  • High Demand for Ingredients Associated with Immunity – Consumers seem to have increased purchases of everything from fortified breakfast cereal to fortified plant-based milk, there is also active seeking out for supplements and foods with ingredients they associate with immune health
  • Demand has increased for ingredients, such as Vitamin C, Zinc, Vitamin D, Vitamin B12, B6 and Vitamin E. Omega-3 fatty acids are also seeing a surge in demand, since they are well known for supporting healthy heart and brain function
  • Supply Chain Options being Reviewed – Price of Vitamin C has been increasing significantly, due to the growing demand and the increased dependence on China
  • When there is increased dependence on one location or supplier for a particular raw material, it results in severe price hike in situations like this. Therefore, companies are re-evaluating their supply chain for Vitamin C and are looking at options outside of China
  • It is a difficult task to scout for suppliers outside China in the current situation, as DSM is the only big supplier outside China, who has facilities in Europe for Vitamin C

Vitamin C Frequently Asked Questions

  1. Why are the prices of vitamin C increasing?
  2. Vitamin C prices are surging owing to the rising demand and reliance on China for specific raw materials. As such, market players are reimagining their supply chains and are looking beyond China for better price points.
  1. How will the global vitamin C market grow over the years ahead?
  2. In 2020, the global vitamin C market registered revenues worth around $1.1 Bn, and the figure will click $13.43 Bn by 2023, ballooning at a 5-6% CAGR.
  1. What is fueling the consumption of vitamin C products across the globe?
  2. The demand for vitamin C is mainly driven by the increasing inclination toward fortified food products and supplements with ingredients that boost immunity. In addition, omega-3 fatty acids are witnessing a demand upsurge owing to their benefits associated with brain and heart functions.
  1. What are the KPIs in the global vitamin C market?
  2. The key performance indicators (KPI) in the global vitamin C market report include pharma-grade materials, regulatory certifications, capacity, and raw material costs.
  1. What difficulties are market players currently facing?
  2. Vitamin C producers are finding it challenging to look for suppliers beyond China in the present scenario as DSM Corporation is the sole non-China leading supplier, having production units for Vitamin C in Europe.

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