According to Beizhes Consulting, the global vitamin C industry market size in 2023 was 7.836 billion US dollars, with a compound annual growth rate of 8.14% from 2023 to 2029
Vitamin C is widely used in pharmaceutical applications because it helps resist infections and supports the immune system. The importance of vitamin C as an antioxidant and food additive is increasing, and it has been widely used in various food and beverage categories. Consumers have started searching for healthy foods, including vitamin supplements. The role of vitamin C in skin care, wound healing, infection prevention, improving iron absorption in food, reducing the risk of chronic diseases, lowering blood pressure, and immune health is becoming increasingly important, which has led to an increase in demand for vitamin C.
Information source: Beizhesi Consulting
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