Folic Acid Market: Global Industry Analysis and Forecast (2021-2027) by Form, Source, Application and, Region

Folic Acid Market size was valued at US$ 660 Million in 2020 and the total global Folic Acid market revenue is expected to grow at 4.3% through 2021 to 2027, reaching nearly US$ 1093 Million.

Folic Acid Market Overview:

Folic acid is the water-soluble form of vitamin B which helps in the creation of red blood cells in the human body. Folic acid is converted into folate by the human body. It is used as a dietary supplement (mostly by folate-deficient patients and pregnant women) and food fortification because of its stability during processing and storage. Folate is necessary for the human body to create RNAs and DNAs and metabolization of amino acids required for the division of cells. Folate is used in the treatment of anemia (folate deficiency disease). Folic acid is also an important ingredient during pregnancy to avoid neural tube-related defects in the offspring. Low levels of folic acid during the early days of pregnancy are the cause of neural tube defects in the majority of severe cases. Folate was one of the most prescribed medicine in the US with more than 7 million prescriptions. Folic Acid Market To know about the Research Methodology :- Request Free Sample Report The folic acid market's growth reasons, as well as the market's many segments, are discussed. Data has been given by market participants, regions, and specific requirements. This market-ready study proposal includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the folic acid market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the folic acid market condition.

Folic Acid Market Dynamics:

A major driver in the global folic acid market is the need for folic acid for pregnant women in their early days of pregnancy. Women of reproductive age need at least 400 mcg of folic acid every day. CDC (Center for Disease Control and Prevention) recommended that women who have gone through neural tube-affected pregnancies should consume at least 4100 mcg each day one month before becoming pregnant again. This factor is projected to drive the global folic acid market in the forecast period (2021-2027). The main restraint of the folic acid market is that higher levels of consumption can cause health problems in its consumers such as stomach ulcers, skin rash, seizures, etc. This resulted in many government policies that opposed the trade of folic acid in an open market. This is expected to drive many health-conscious consumers away from the global folic acid market. A challenge in the global folic acid market is the decline of the overall cost of folic acid in the global market. This is mainly due to the rise of many small new players in the global market. These players pose a significant threat to the old folic acid firms in the market.

Folic Acid Market Segment Analysis:

By Form, The tablet segment is projected to grow at a CAGR of xx% in the forecast period (2021-2027). This can be correlated to its high demand for prenatal care in the healthcare industry. Studies also show that folic acid prevents abnormalities in the oral cavities of the fetus such as cleft lip and palate. (A cleft lip is a birth defect in the upper lip of the baby that has an opening in it). Folic Acid Market 1 The soft Gel segment is also projected to witness a high growth rate of 3.2% in the same forecast period. Softgel tablets consist of a gelatin shell around a liquid core. The growth in this segment can be attributed to soft gel capsules providing quick relief in less amount of time as compared to regular tablets. Folic Acid Market 2 By Application, The pharmaceutical segment dominated the global market in the year 2020. This can be attributed to folic acid having medicinal properties that are useful for treating nervous system-related disorders, cardiovascular diseases, and kidney diseases. Prenatal care is the main driver of the folic acid market in the pharmaceutical segment. It also has applications in many skincare products as it enables the development of healthy skin cells. A nutraceutical is defined as any food product that also acts as a medicine apart from being a nutritional substance. Water-soluble folic acid B9 vitamins are recommended by healthcare professionals as nutraceuticals for patients who suffer from anemia. This trend is projected to drive the nutraceutical segment growth in the aforementioned forecast period. Folic Acid Market 3

Folic Acid Market Regional Insights:

The Asia-Pacific region dominated the global folic acid market in the year 2020. This can be attributed to China being one of the major hubs of pharmaceutical research and investments in the world. Furthermore, South-Asian countries like India have some of the highest numbers of anemic patients around the globe. This is projected to drive the growth of the folic acid market in the forecast period (2021-2027). The United States is also projected to witness significant growth in the global market in the same forecast period. The primary reason behind this is the prenatal abnormalities affecting many infants in the country. Neural tube diseases affect about 3400 pregnancies in the United States. This morbid reality coupled with folic acid’s ability to prevent such defects is expected to propel the market in this region in the same forecast period. Sub-saharan Africa also contains a high number of anemic patients in the world. This factor coupled with high infant mortality rates in the region is expected to the growth of the market in this region in the aforementioned forecast period. The objective of the report is to present a comprehensive analysis of the Folic Acid 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 have 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 report also helps in understanding the Folic Acid market dynamics, structure by analyzing the market segments and projecting the Folic Acid market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Folic Acid market make the report investor’s guide.

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Folic Acid Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 660 Million.
Forecast Period 2021 to 2027 CAGR: 4.3 % Market Size in 2027: US $ 1093 Million.
Segments Covered: by Form • Tablets • Soft Gels • Lozenges • Others
by Source • Vegetables • Fruits • Others
by Application • Food & Beverages • Pharmaceutical • Nutraceuticals • Others

Folic Acid Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Folic Acid Market Key Players

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. • Tyson Foods • Maple leaf Foods • Medicamen Biotech ltd • Niutang • Jiheng Pharmaceutical • Parchem Fine & Specialty Chemicals • СhаngzhоuХіnhоng • Nantong Changhai Food Additive

FAQs:

1. Which is the potential market for Folic Acid in terms of the region? Ans. The United States is also projected to witness significant growth in the global market in the forecast period (2021-2027). 2. What are the challenges for new market entrants? Ans. A challenge in the global folic acid market is the decline of the overall cost of folic acid in the global market. This is mainly due to the rise of many small new players in the global market. 3. What is expected to drive the growth of the Folic Acid market in the forecast period? Ans. A major driver in the global folic acid market is the need for folic acid for pregnant women in their early days of pregnancy. 4. What is the projected market size & growth rate of the Folic Acid Market? Ans. The Folic Acid Market size was valued at US$ 660 Million in 2020 and the total Folic Acid revenue is expected to grow at 4.3% through 2021 to 2027, reaching nearly US$ 1093 Million. 5. What segments are covered in the Folic Acid Market report? Ans. The segments covered are form, source, application, and region.
1. Global Folic Acid Market: Research Methodology 2. Global Folic Acid Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Folic Acid Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Folic Acid Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Folic Acid Market Segmentation 4.1 Global Folic Acid Market, by Application (2020-2027) • Food & Beverages • Pharmaceutical • Nutraceuticals • Others 4.2 Global Folic Acid Market, by Form (2020-2027) • Tablets • Soft Gels • Lozenges • Others 4.3 Global Folic Acid Market, by Source (2020-2027) • Vegetables • Fruits • Others 5. North America Folic Acid Market(2020-2027) 5.1 Global Folic Acid Market, by Application (2020-2027) • Food & Beverages • Pharmaceutical • Nutraceuticals • Others 5.2 Global Folic Acid Market, by Form (2020-2027) • Tablets • Soft Gels • Lozenges • Others 5.3 Global Folic Acid Market, by Source (2020-2027) • Vegetables • Fruits • Others 5.4 North America Folic Acid Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Folic Acid Market (2020-2027) 6.1. Asia Pacific Folic Acid Market, by Application (2020-2027) 6.2. Asia Pacific Folic Acid Market, by Form (2020-2027) 6.2. Asia Pacific Folic Acid Market, by Source (2020-2027) 6.2. Asia Pacific Folic Acid Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Folic Acid Market (2020-2027) 7.1 Middle East and Africa Folic Acid Market, by Application (2020-2027) 7.2. Middle East and Africa Folic Acid Market, by Form (2020-2027) 7.2. Middle East and Africa Folic Acid Market, by Source (2020-2027) 7.4. Middle East and Africa Folic Acid Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Folic Acid Market (2020-2027) 8.1. Latin America Folic Acid Market, by Application (2020-2027) 8.2. Latin America Folic Acid Market, by Form (2020-2027) 8.2. Latin America Folic Acid Market, by Source (2020-2027) 8.4 Latin America Folic Acid Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Folic Acid Market (2020-2027) 9.1. European Folic Acid Market, by Application (2020-2027) 9.2. European Folic Acid Market, by Form (2020-2027) 9.3. European Folic Acid Market, by Source (2020-2027) 9.4. European Folic Acid Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1 BASF SE 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Zydus Pharmaceuticals Ltd. 10.3 Medicamen Biotech Ltd. 10.4 Jiangxi Tianxin Pharmaceutical Co. Ltd. 10.5 DSM N.V. 10.6 Emcure Pharmaceuticals Ltd. 10.7 Xinjiang Wujiaqu Xingnong Cycle Chemical Co. Ltd. 10.8 Tyson Foods 10.9 Maple leaf Foods 10.10 Medicamen Biotech ltd 10.11 Niutang 10.12 Jiheng Pharmaceutical 10.13 Parchem Fine & Specialty Chemicals 10.14 СhаngzhоuХіnhоng 10.15 Nantong Changhai Food Additive

About This Report

Report ID67081
Category Food & Beverages
Published DateJuly 2020
Updated DateDec 2021
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