Global Folic Acid Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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May 2023
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This report was compiled by Shreyas Rokade Shreyas Rokade is a seasoned Research Analyst with CMFE, bringing extensive expertise in market research and consulting, with a strong background in Chemical Engineering. Correspondence Team Lead-CMFE Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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MarketResearch.biz delivers in-depth insights on the global folic acid market in its upcoming report titled, “Global Folic Acid Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global folic acid market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global folic acid market report has been segmented on the basis of application, and region.
Folic acid is a water-soluble form of vitamin B which is vital for the formation of red blood cells. The form of folic acid occurring naturally in food is termed as ‘folate’. It naturally occurs in many foods including green leafy vegetables, fruits and fruit juices, nuts, beans, peas, and dairy products. Folic acid is added to many food products and is available as a dietary supplement.
Increasing demand for folic acid in nutraceuticals and pharmaceuticals industries, owing to its high nutritional value is a key factor driving growth of the market. Increasing health awareness among consumers and its use for development and production of genetic materials such as DNA and RNA, are other factors expected to support growth of the global folic acid market over the forecast period.
Increasing adoption of folic acid to treat kidney diseases, and for reduction of risk of neural tube birth defects. According to CDC (Center of disease control) – pregnant women should consume 400 micrograms (mcg) of folic acid daily to prevents serious birth defects in child. These are other important factors expected to further boost growth of the global folic acid market.
However, continuously increasing prices, tightening of supply-demand chain, and several side effects associated with excessive consumption folic acid such as vomiting, allergies, breathing problems are other factors expected to hamper growth of the global folic acid market over the forecast period.
The market in Asia Pacific is expected to dominate the global folic acid market and account for highest share in terms of revenue, owing to high demand from developing nations including China and India and presence of several domestic and international market players in countries in the region. The market in North America is expected to account for second-highest revenue share, owing to high demand from pharmaceuticals industry and growing awareness of its health benefits in countries in the region. The market in North America is followed by market in Europe, Latin America, and Middle East & Africa.
Global folic acid market segmentation:
Segmentation by application:
- Food & Beverages
- Pharmaceuticals
- Nutraceuticals
- Others
Segmentation by region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- BASF SE
- Zydus Pharmaceuticals Ltd.
- Medicamen Biotech Ltd.
- Jiangxi Tianxin Pharmaceutical Co. Ltd.
- DSM N.V.
- Emcure Pharmaceuticals Ltd.
- Xinjiang Wujiaqu Xingnong Cycle Chemical Co. Ltd.
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