Global
Fatty Acid Ester of Ascorbic Acid Market: Overview
Fatty
acid ester of ascorbic acid comprises of an ester of palmitic acid
and ascorbic acid. It is prepared synthetically and used in various
applications in combination with alpha-Tocopherols. Fatty acid ester
of ascorbic acid is used in products such as moisturizers, shampoo,
tinned baby food, scotch eggs, sausages, pork pies, chicken stock
cubes, and baby formula as a vitamin supplement, a color
preservative, and as an antioxidant. The North America fatty acid
ester of ascorbic acid market accounts for relatively high revenue
share, followed by Western Europe fatty acid ester of ascorbic acid
market.
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Global
Fatty Acid Ester of Ascorbic Acid Market: Dynamics
The
important factor driving the global fatty acid ester of ascorbic acid
market include growing industry such as food and beverages, personal
care, and pharmaceutical across the globe. High demand for tinned
baby food, baby formula, and nutraceuticals is also an important
factor fuelling the global fatty acid ester of ascorbic acid market.
The vitamin C is an essential factor for the cardiovascular system,
immune system, healthy bones and teeth, and decreases the chances of
occurrence of cancer due to its antioxidant property by lowering free
radical formation in the body. This, in turn, resulted in driving the
growth of global fatty acid ester of ascorbic acid market. The
macroeconomic factors making a positive impact on the global fatty
acid ester of ascorbic acid market include growing health
consciousness of consumers, increasing population, changing consumer
lifestyle, the rapid rate of urbanization, and increasing domestic
income. The company manufacturing fatty acid ester of ascorbic acid
products has a significant opportunity in regions such as North
America, Europe, and Asia Pacific, attributed to high demand for food
supplements over the forecast period. Companies have a significant
opportunity in the global fatty acid ester of ascorbic acid market
through collaboration with end-users i.e. food, supplement, and
pharmaceutical product manufacturers.
Global
Fatty Acid Ester of Ascorbic Acid Market: Regional Overview
By
geographies, the global fatty acid ester of ascorbic acid market is
segmented into seven regions -- North America, Western Europe,
Asia-Pacific except Japan (APEJ), Eastern Europe, Latin America, the
Middle East & Africa, and Japan. Among the regions, North America
dominates the global fatty acid ester of ascorbic acid market in
terms of value, owing to a significant revenue share of
nutraceuticals market. Western Europe is followed by North ASmerica
in the global fatty acid ester of ascorbic acid market, attributed to
rapidly rising demand for heath supplements across the region. The
APEJ is expected to account for relatively high volume share in the
global fatty acid ester of ascorbic acid market, owing to rapidly
changing the lifestyle of the consumer and growing personal care
market across the region. Eastern Europe and Japan also accounts for
significant value share in the global fatty acid ester of ascorbic
acid market. Latin America and Middle East Africa is expected to have
a moderate opportunity for the fatty acid ester of ascorbic acid
market, owing to growing economy. Overall, the outlook for the global
fatty acid ester of ascorbic acid market will have a positive growth
over the forecast period.
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Global
Fatty Acid Ester of Ascorbic Acid Market: Key Players
Few
players of fatty acid ester of ascorbic acid market include Geo-Young
Corporation, Foodchem International Corporation, Triveni Interchem
Pvt. Ltd., Dongguan City Geen Food Technology Company, Camlin Fine
Sciences Ltd., EFG ELBE Fetthandel GMBH, and Parchem fine &
specialty chemicals.
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