Vitamin C Supplements Market to grow by USD 3.85 billion from 2023 to 2028; North America to account for 36% of market growth- Technavio

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Dec 11, 2023, 14:45 ET

NEW YORK, Dec. 11, 2023 /PRNewswire/ -- The vitamin C supplements market size is expected to grow by USD 3.85 billion from 2023 to 2028. In addition momentum of the market will be progressing at a CAGR of 7.66% during the forecast period, according to Technavio Research. The market is segmented by distribution channel (offline and online), product type (tablets, capsules, gummies, and others), and geography (North America, Europe, Asia, and Rest of World (ROW)). North America to account for 36% of market growth. The US and Canada are the prominent countries in the vitamin C market in North America. The strong presence of leading market players, the growing demand for health supplements, new product launches, and rising disposable incomes are anticipated to propel the growth of the vitamin C supplements market in the region.

Technavio has announced its latest market research report titled Global Vitamin C Supplements Market 2024-2028

This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read Free Sample Report

Company Profile:

Abbott Laboratories, Amway Corp., Bayer AG, Doctors Best Inc., Garden of Life LLC, Jarrow Formulas Inc., Kikkoman Corp., Koninklijke DSM NV, Life Extension Foundation Buyers Club Inc., Nestle SA, Novotech Nutraceuticals Inc., NOW Health Group Inc., Otsuka Pharmaceutical Co. Ltd., Pfizer Inc., Swanson Health Products Inc., The Clorox Co., The Procter and Gamble Co., Thorne HealthTech Inc., Viva Naturals Inc., and Carlson Laboratories Inc.

Abbott Laboratories: The company offers vitamin C supplements, namely Abbott Limcee Vitamin C.

To gain access to more company profiles available with Technavio, buy the report!

Vitamin C Supplements Market: Segmentation Analysis

The offline segment will be significant during the forecast period. The offline distribution segment includes supermarkets and hypermarkets, discount stores, convenience stores, individual retailers, and pharmacy stores. The offline distribution channel is expected to grow owing to the growing number of retail stores. Market players are concentrating on expanding their geographical presence.

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View Free PDF Sample Report

"Besides analyzing the current market scenario, our report examines historic data from 2017 to 2021"- Technavio

Vitamin C Supplements Market: Driver & Trend:

Driver-

Increasing prevalence of vitamin C deficiency
Health benefits of consuming vitamin C
Growing household spending on food and nutrition products

The growing household spending on food supplements is the key factor driving market growth. Growing disposable incomes deliver consumers with raised buying power to buy dietary supplement products, such as vitamin C supplements, which will drive the growth of the market.

Business strategies adopted by players is the primary trend shaping market growth. Identify key trends, drivers, and challenges in the market. Download a sample to gain access to this information.

Related Reports:

The North America - Dietary Supplements Market is projected to increase by USD 20.44 billion and the market size is estimated to grow at a CAGR of 8.39% between 2023 and 2028.

The Global Pre-Workout Supplements Market is estimated to grow at a CAGR of 8.21% between 2023 and 2027. The market size is forecast to increase by USD 8,223.64 million.

What are the key data covered in this vitamin C supplements market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2023 and 2028.
Precise estimation of the vitamin C supplements market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market across North America, Europe, Asia, and ROW
A thorough analysis of the market's competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of market companies.

ToC:

Excustive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Distribution Channel

Market Segmentation by Product Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

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SOURCE Technavio