Folate Market: Global Industry Analysis and Forecast (2023-2029)

Folate Market size was valued at US$ 920.31 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 5.3% through 2023 to 2029, reaching nearly US$ 1321.09 Mn.
Folate Market Overview:
Folate, commonly known as vitamin B9 or folacin, is a B vitamin. Manufactured folic acid, which is converted to folate by the body, is used as a dietary supplement and in food fortification because it is more stable throughout processing and storage. Folate (vitamin B-9) is required for red blood cell formation as well as cell growth and function. The vitamin is necessary throughout early pregnancy to reduce the risk of brain and spine birth defects.To know about the Research Methodology :- Request Free Sample Report
Folate Market Dynamics:
Consumers' increased health awareness is encouraging them to use folate-based goods. Another important factor driving the folate market is the rise in female fertility, particularly in the Asia-Pacific region. When consumed in excessive doses over a lengthy period of time, folic acid can be dangerous. Abdominal cramps, diarrhoea, rash, sleep difficulties, irritability, disorientation, nausea, stomach trouble, behaviour changes, skin reactions, seizures, gas, excitability, and other side effects may occur while taking high dosages of folate. As a result, the government has intervened in the open market sale of folate-based drugs in order to avoid drug misuse.

The folate market has seen a slew of new businesses emerge as the price of folates has dropped dramatically. These newcomers have proven to be a significant challenge to the market's established players. Prices are expected to drop more significantly during the forecast period as more capacity comes online.

Folic acid is required in sufficient amounts during pregnancy to help avoid neural tube abnormalities. When the neural tube, which produces the early brain and spinal cord, does not close properly, this problem occurs. This occurs early in pregnancy and can lead to disorders like spina bifida or anencephaly.

Folic acid supplements lower levels of the amino acid homocysteine, according to the National Institutes of Health (NIH) Trusted Source. This amino acid has been related to an increased risk of cardiovascular disease and stroke. While no research have shown that folic acid reduces the risk of cardiovascular disease, a higher consumption has been linked to a lower risk of stroke in multiple studies.
Folate Market Segment Analysis:
The Folate Market is segmented by Type, and Application.

Based on the Type, the market is segmented into MTHF Calcium Salt, and MTHF Glucosamine Salt. MTHF Calcium Salt segment is expected to hold the largest market shares of xx% by 2029. 5-MTHF is required for methylation and is involved in the conversion of homocysteine to methionine, the creation of serotonin and melatonin, and DNA synthesis indirectly. MTHF Calcium Salt has ensure that your body has enough active folic acid. It lower homocysteine levels to reduce the risk of heart disease. During pregnancy, it avoid neural tube abnormalities. These are the key benefits that are expected to drives the growth of the MTHF Calcium Salt segment in the Folate Market during the forecast period.

Based on the Application, the market is segmented into Food & Beverages, Pharmaceuticals & Nutraceuticals, Agriculture & Feed, and Others. Food & Beverages and Pharmaceuticals & Nutraceuticals segments are expected to grow rapidly at a CAGR of xx% and xx% during the forecast period 2023-2029. This is due to the increasing demand for folate in the Food & Beverages and Pharmaceuticals & Nutraceuticals industries as folate offers many benefits.
Folate Market Regional Insights:
Asia Pacific region is expected to dominate the Folate market during the forecast period 2023-2029. Asia Pacific region is expected to hold the largest market shares of xx% by 2029. This is due to increased knowledge about health supplements and the benefits of folate in this region. China leads the global folate market in terms of volume, accounting for 80% of the market. Furthermore, rising health concerns such as cardio-arrest and birth defects are expected to drive the folate market in the region during the forecast period.

North America is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. This is due to increasing consumption of folate supplements, mostly by women, the North American region is expected to earn a significant market share in the global folate market during the forecast period.

Competitive Landscape of the Global Folate Market:

BASF SE (Germany) is expected to dominate the Folate Market during the forecast period 2023-2029.

BASF SE (Germany) is expected to hold the largest market share of xx% by 2029. The world's largest chemical company, BASF SE, is headquartered in Ludwigshafen, Germany. The company's original name was Badische Anilin- und Soda-Fabrik. The four letters have become a trademark, and the company is listed on the stock exchanges of Frankfurt, London, and Zurich. BASF manufactures chemicals, polymers, performance chemicals, catalysts, coatings, agricultural technology, and crude oil and natural gas exploration and production. Among the company's key products are MDI (diphenylmethane diisocyanate), TDI (toluene diisocyanate), caprolactam, adipic acid, polyamide 6 and 6.6, ammonia, nitric acid, sulphur and chlorine products, inorganic salts, urea, melamine, glues, and impregnating resins.

The objective of the report is to present a comprehensive analysis of the Global Folate Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Folate Market dynamic, structure by analyzing the market segments and project the Global Folate Market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Folate Market make the report investor’s guide.
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Folate Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 920.31 Mn.


Forecast Period 2023 to 2029 CAGR:
5.3%
Market Size in 2029:
US $ 1321.09 Mn.


 Segments Covered:
by Type
MTHF Calcium Salt
MTHF Glucosamine Salt


by Application
Food & Beverages
Pharmaceuticals & Nutraceuticals
Agriculture & Feed
Others


by Source
Fruit
Milk
Green Vegetables
Liver
Seafood


by End User
Fortified Foods
Baby Foods
Supplements



Folate Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Folate Market Key Players are:
1. BASF SE
2. Koninklijke DSM N.V
3. Medicamen Biotech Ltd.
4. Emcure Pharmaceuticals Ltd.
5. Jiangxi Tianxin Pharmaceutical Co. Ltd.
6. Seidler Chemical Co, Inc.
7. Changzhou Niutang Chemical Plant Co. Ltd.
8. Hebei Jiheng Group Pharmacy Co Ltd.
9. Shandong Xinfa Pharmaceutical Co.
10.Nantong Changhai Food Additive
11.Hema Pharmaceuticals Pvt. Ltd.
12.Superior Supplement Manufacturing
13.Gemini Pharmaceuticals, Inc.
14.Nutritional Supplement Manufacture
15.AIE Pharmaceuticals, Inc.
16.Accord-UK Ltd
17.Healthy Hey LLP

Frequently Asked Questions:

1] What segments are covered in Folate Market report?
Ans. The segments covered in Folate Market report are based on Type, and Application.

2] Which region is expected to hold the highest share in the Folate Market?
Ans. Asia Pacific is expected to hold the highest share in the Folate Market.

3] Who are the top key players in the Folate Market?
Ans. BASF SE, Koninklijke DSM N.V, Medicamen Biotech Ltd., Emcure Pharmaceuticals Ltd., and Jiangxi Tianxin Pharmaceutical Co. Ltd. are the top key players in the Folate Market.

4] Which segment holds the largest market share in the Folate market by 2029?
Ans. MTHF Calcium Salt segment hold the largest market share in the Folate market by 2029.

5] What is the market size of the Folate market by 2029?
Ans. The market size of the Folate market is expected to reach US $ 1321.09 Mn. by 2029.

6] What was the market size of the Folate market in 2022?
Ans. The market size of the Folate market was worth US $ 920.31 Mn. in 2022.