Ascorbyl Palmitate Market Size

The global ascorbyl palmitate market was valued at USD 6.2 billion in 2024 and is estimated to grow at a CAGR of over 6% from 2025 to 2034.

The demand for ascorbyl palmitate is primarily driven by its multifunctional role as an antioxidant in various industries, including food, beverage, cosmetics, and pharmaceuticals. In the food and beverage sector, it is widely used to prevent oxidation, prolong shelf life, and maintain the quality of processed products. Ascorbyl palmitate’s fat-soluble nature makes it particularly effective in applications where other water-soluble vitamin C forms are less suitable. The rising consumer preference for fortified and functional foods has further boosted its demand. Additionally, the global trend toward healthier eating and natural preservatives is creating new growth opportunities.

In the cosmetics and personal care industry, ascorbyl palmitate is valued for its skin-brightening, anti-aging, and antioxidant properties, making it a popular ingredient in creams, lotions, and serums. The increasing awareness of skincare benefits among consumers, along with the growing trend toward natural and clean-label products, is fuelling its use in beauty products. Additionally, its incorporation in dietary supplements as a stable, fat-soluble form of vitamin C enhances its appeal, especially in the wellness market. The overall shift toward preventative health and beauty care is a key factor propelling demand.