Ascorbyl Glucoside Market Projected to Grow at 6.1%, Reaching $244 Million by 2034 | Fact.MR

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Jul 02, 2024, 10:15 ET

Ascorbyl Glucoside Market Benefiting from Growing Demand for Skincare and Cosmetic Products with Antioxidants: Fact.MR Study

ROCKVILLE, Md., July 2, 2024 /PRNewswire/ -- As per a new report released by Fact.MR, the global Ascorbyl Glucoside Market is expected to reach a size of US$ 135 million in 2024 and thereafter increase at a CAGR of 6.1% from 2024 to 2034. By the end of 2034, the market is projected to reach US$ 244 million in value.

A naturally occurring antioxidant found in plants, ascorbyl glucoside is a common ingredient in moisturizers, serums, and creams, among other cosmetic goods. The market is being driven forward by rising awareness of antioxidants, a growing number of companies manufacturing cosmetics, and the increasing desire for natural and organic skincare products across the world. Growing demand for skincare and cosmetics products with antioxidant properties is being seen worldwide, which is also fostering fierce competition in the industry.

Manufacturers need to produce high-quality products that satisfy consumer demand and adhere to legal standards to flourish in the ascorbyl glucoside business space. The market is anticipated to develop steadily despite certain obstacles, such as rivalry from other antioxidants and pressure on prices.

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Key Takeaways from the Market Study:

Direct sales of ascorbyl glucoside account for 51.6% market share in 2024.
East Asia is expected to account for 37.9% of the global market share by 2034.
The North American is projected to expand at a CAGR of 6.3% and reach a valuation of US$ 114.9 million by 2034.
Powder ascorbyl glucoside accounts for 54.2% market share in 2024.

"Demand for natural and organic skincare products is something ascorbyl glucoside producers should leverage to gain a strong foothold in the market," says a Fact.MR analyst.

Winning Strategy:

A successful approach for the ascorbyl glucoside market is to collaborate with well-known businesses in the cosmetics sector to capitalize on the rising demand for natural and organic skincare products. Businesses can also concentrate on differentiating their products by providing ascorbyl glucoside in customized concentrations and formulations to meet the needs of a wide range of customers. Maintaining a competitive edge will also depend on funding research and development to improve the product's stability and bioavailability.

Investing in eco-friendly production, developing multifunctional formulations, and collaborating with cleaning and personal care companies is the way forward. Through regionalized marketing, market players should look to expand into the Asia Pacific and increase their footprint.

Ascorbyl Glucoside Industry News:

Ascorbyl glucoside is a competitive market with a mix of established players and newcomers. To meet the growing demand, businesses are concentrating on expanding the range of products they sell, investigating possible mergers with other businesses, and venturing into new markets.

L'Oreal Paris launched its 10% ascorbic acid Revitalift Derm Intensives Vitamin C Serum in December 2021. Ascorbyl glucoside, a derivative of vitamin C, is more stable and causes less irritation than ascorbic acid. Its purpose is to make the skin tone more radiant.
SkinCeuticals launched Silymarin CF, a vitamin C serum, in May 2023. It contains 0.5% ferulic acid, 0.5% ascorbyl glucoside, and 15% L-ascorbic acid (pure vitamin C) to improve stability and offer antioxidant protection.

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Leading Players Driving Innovation in the Ascorbyl Glucoside Market:

Nagase
Gfn-Selco
SpecChem
Sino Lion
Hubei Artec Biotechnology
ZhiShang Chemical
Shandong Look Chemical
Shaanxi Bolin Biotechnology
Xi'an Junyuan Biotechnology
Macrocare
Qingdao
Trongen Biotech
Jinan Chenghui-Shuangda Chemical

More Valuable Insights:

Fact.MR, in its new offering, presents an unbiased analysis of the ascorbyl glucoside market, presenting historical market data (2019 to 2023) and forecast statistics for the period of 2024 to 2034.

The study reveals essential insights based on form (liquid, powder), application (personal care & cosmetics, food & beverages, pharmaceuticals, others (animal feed, agrochemicals, etc.)), and distribution channel (direct sales, indirect sales), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).

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