Middle East & Africa Vitamin C Market Size & Outlook
Related Markets
MEA vitamin c market highlights
- The MEA vitamin c market generated a revenue of USD 68.3 million in 2023.
- The market is expected to grow at a CAGR of 3.2% from 2024 to 2030.
- In terms of segment, premium was the largest revenue generating grade in 2023.
- Regular is the most lucrative grade segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 68.3 million |
| Market revenue in 2030 | USD 84.2 million |
| Growth rate | 3.2% (CAGR from 2024 to 2030) |
| Largest segment | Premium |
| Fastest growing segment | Regular |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Regular, Premium |
| Key market players worldwide | Spectrum Chemicals, DSM, NorthEast BioLab, CSPC Pharmaceutical Group Ltd, Foodchem International Corporation, Fooding, Northeast Pharmaceutical Group, Botanic Healthcare, Global Calcium, Joshi Group, MC Sciences, Pharmavite, Nagase & Co Ltd, RX Marine, Shandong Luyin Pharmaceutical Co., Honson |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.5% of the global vitamin c market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 725.3 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Vitamin C Market Scope
Vitamin C Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Honson | View profile | 51-100 | Shajing, Hunan, China, Asia | https://www.honsoncn.com |
| Shandong Luyin Pharmaceutical Co. | View profile | - | Linyi, Shandong, China, Asia | http://www.lvyin.cn |
| RX Marine | View profile | 501-1000 | Mumbai, Maharashtra, India, Asia | http://rxmarine.com/ |
| MC Sciences | View profile | 11-50 | Meckenheim, Nordrhein-Westfalen, Germany, Europe | https://www.mcsciences.com/ |
| Joshi Group | View profile | 1001-5000 | https://joshibusiness.com/ | |
| Global Calcium | View profile | 251-500 | Bangalore, Karnataka, India, Asia | https://www.globalcalcium.com |
| Northeast Pharmaceutical Group | View profile | 5001-10000 | Shenyang, Liaoning, China, Asia | https://www.nepharm-en.com/ |
| Botanic Healthcare | View profile | 101-250 | Hyderabad, Andhra Pradesh, India, Asia | https://www.botanichealthcare.net |
| Fooding | View profile | 51-100 | Shanghai, Shanghai, China, Asia | https://www.chinafooding.com |
| Pharmavite | View profile | 1001-5000 | Northridge, California, United States, North America | http://www.pharmavite.com |
| Foodchem International Corporation | View profile | - | Shanghai, Shanghai, China, Asia | http://www.foodchemadditives.com/ |
| Spectrum Chemicals | View profile | 11-50 | Mumbai, Maharashtra, India, Asia | https://www.spectrumchemicals.net |
| Nagase & Co Ltd | View profile | 7220 | 5-1, Nihonbashi-Kobunacho, Chuo-ku, Tokyo, Japan, 103-8355 | http://www.nagase.co.jp |
| NorthEast BioLab | View profile | 11-50 | Hamden, Connecticut, United States, North America | https://www.nebiolab.com |
| CSPC Pharmaceutical Group Ltd | View profile | 23500 | No. 226 Huanghe Street, Hebei Province, Shijiazhuang, China, People's Republic of, 050035 | https://www.cspc.com.hk |
| DSM | View profile | 10001+ | Heerlen, Limburg, The Netherlands, Europe | http://www.dsm.com |
Middle East & Africa vitamin c market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vitamin c market will help companies and investors design strategic landscapes.
Premium was the largest segment with a revenue share of 79.65% in 2023. Horizon Databook has segmented the Middle East & Africa vitamin c market based on regular, premium covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa offers increased opportunities to pharmaceutical companies owing to the increasing population, rising middle-class consumer base, and surging number of patients suffering from different ailments in the region.
In February 2022, the WHO announced support to the governments of Senegal, Tunisia, Egypt, South Africa, and Nigeria, as pioneering participants in the initiative for mRNA vaccine technology transfer. It also announced the construction of a USD 80 million biomedical and pharmaceutical hub to meet the vaccine demand from West Africa.
Increasing investments by international organizations in the pharmaceuticals industry of Africa are expected to fuel the consumption of ascorbic acid in the continent in the coming years.
Reasons to subscribe to Middle East & Africa vitamin c market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Middle East & Africa vitamin c market databook
-
Our clientele includes a mix of vitamin c market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa vitamin c market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa vitamin c market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA vitamin c market size, by country, 2018-2030 (US$M)
Middle East & Africa Vitamin C Market Outlook Share, 2023 & 2030 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
