Global Folic Acid Market, By Form (Tablets, Soft Gels, Lozenges, Others), By Source (Vegetables, Fru

Published Date: | Report Code : CH1958363

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The Folic Acid Market is expected to promise high growth owing to increasing demand for dietary supplements in the recent years. Increasing demand from applications including pharmaceuticals, nutraceuticals, food & beverages is expected to drive the growth of folic acid market. This market has witnessed number of key developments by major companies including BASF SE, DSM N.V., Emcure Pharmaceuticals Ltd., Jiangxi Tianxin Pharmaceutical with focus on organic as well as inorganic growth strategies.  Developing regions including Asia Pacific and Middle East have been among the high potential markets with high growth in some of the key economies.

Folic acid is the water-soluble type of vitamin B. It is used to treat some kinds of anemia triggered by deficiency of folic acid. It also helps in heart disease and stroke prevention. Folic acid plays a crucial role in boosting tissue growth, developing cells, and developing healthy brain. It plays a significant role in the cell division needed for genetic material manufacturing, the DNA. It is commonly used to prevent birth defects and improve the growth of the fetus. It also helps to remove toxins from the body and therefore keeps the skin safe and natural. Growing incidences of ailments and illnesses combined with increased understanding of folic acid's health advantages are expected to increase demand for folic acid over the years to come.

Nutraceuticals for these products are the fastest increasing application segments. Several organizations of government and health, including the U.S. Preventive Task Force (USPSTF) recommended consumption of folic acid as a periodic supplement at a dose of 0.4 to 0.8 mg during childbirth to avoid birth defects. These projects from several government agencies have stimulated the demand for products and their use in nutraceutical products. This is because the product is needed for multiple unique biochemical responses and cell division metabolism.

Key Factors Impacting Market Growth:

  • High folic acid medicinal value

  • Increasing demand for dietary supplements

  • Increased consumer awareness of healthy food intake

  • Insufficiency of raw materials

  • Negative effects of high doses

Regional Analysis:

On the basis of the region, the folic acid market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe being some of major markets are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regards environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include US, Germany, UK, France, Canada, Italy, Spain, and so on.

Asia Pacific and Middle East are expected to register substantial growth in folic acid market during the forecast period. This demand is with regards to the growth of major Applications such as pharmaceuticals, nutraceuticals, food & beverages. Major countries in Asia Pacific region include China, South Korea, Japan, India, Australia, and So on. Middle East includes UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for folic acid market. There has been increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for folic acid market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Key Developments:

  • DSM partnered with Merck in August 2014 to distribute its L-MTHF metafolin folate to the food supplement and food sectors.

Companies Covered: BASF SE, DSM N.V., Emcure Pharmaceuticals Ltd., Jiangxi Tianxin Pharmaceutical Co. Ltd., Zydus Pharmaceuticals Ltd., Medicamen Biotech Ltd…

Market Segmentation:

By Form:

  • Tablets

  • Soft Gels

  • Lozenges

  • Others

By Source:

  • Vegetables

  • Fruits

  • Others

By Applications:

  • Pharmaceuticals

  • Nutraceuticals

  • Food & beverages

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Form

    • By Source

    • By Application

  • Western Europe:

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Form

    • By Source

    • By Application

  • Eastern Europe:

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Form

    • By Source

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Form

    • By Source

    • By Application

  • Middle East:

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Form

    • By Source

    • By Application

  • Rest of the World

    • By Region (Latin America, Brazil, Rest of the World)

    • By Form

    • By Source

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the folic acid market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

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