31st January 2020 - Latest Research Report on Folic
Acid Market begins with a deep introduction and then delves broad into
specific segments such as raw material, application, end user, and region,
policy study, value chain structure, and upcoming trends in particular segments
or regions. The report on Folic Acid prepare a case for investments in
different regions based on a practical view of their regulatory outline,
manufacturing dynamics, and availability of skills and resources in that
region.
The global Folic Acid Market size is
expected to value at USD 466.2 million by 2025. The market is subject to
witness a substantial growth due to the rising demand of vitamin B9 and its
capability to reduce the risk associated with congenital disabilities in
infants. Vitamin B9 or folic acid acts as a natural source of vital supplement,
which is highly required during the pregnancy.
The recent technological advancement in
the pharmaceutical & medicine sector has led to development of high-quality
folic acid tablets that are widely consumed by pregnant women. In addition,
folic acid helps to curb congenital disabilities such as neural tube defects
(NTDs/) in infants, thus driving the growth of folic acid industry, in the
recent years. Globally, the folic acid market is predicted to grow at a CAGR of
3.5% during the forecast period, providing numerous opportunities for market
players to invest for research and development in the market.
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Folic acids or vitamin B9 is a
water-soluble vitamin that is vital for production of red blood cells,
insufficiency of folic acid, particularly among pregnant women leads to anemia.
In addition, folic acid is an essential ingredient for the normal body growth
and development. Folic acid helps during production of genetic substances such
as DNA and RNA and aids while performing several other bodily functions. These
factors are anticipated to drive market growth of folic acid industry over the
forecast period.
Regular consummation of folic acid or
vitamin B9 tablets helps to limit risk factor associate with birth defects such
as spin a bifida. The current advancement in medicine sector has led to
development of vitamin B9 dietary supplements with no health side effects.
Increasing production of folic acid or vitamin B9 supplements in the Asia
Pacific region owing to its high-end demand and increasing recommendation by
various healthcare professional, doctors and physicians are expected to foster
market expansion for the market of folic acid in the upcoming years.
China is one of the main manufacturer of
folic acid in the Asia Pacific region. However, stringent laws and regulation
by local government and implementation of the Environmental Protection Law are
anticipated to hamper overall production in the Chinese market, thus
complementing to the global supply squeeze and cost increments. Such factors
are leading to market decline in the recent years. Yet, integration of vitamin
B9 powder in various food grains and pulses, and increasing folic acid food
fortification as a compulsion in developed economies such as the U.S., New
Zealand, UK, and Australia are estimated to stimulate market growth over the
next seven years.
The folic acid market is broadly
categorized into three major segments based on the application type such as
food beverages segment, pharmaceuticals sector, and nutraceuticals. The
pharmaceuticals sector is considered as one of the fastest growing segment in
the market with substantial revenue generation in the last few years.
Growing popularity of the folic acid in
pharmaceuticals sector is attributed to the increasing adoption in nutritional
therapy to treat nervous system, urinary and cardiovascular system disorders.
The nutraceuticals segment is has also witnessed substantial growth owing to
the increasing demand during the manufacturing of vitamin supplementary
tablets, powders, and in cosmetics.
The folic acid industry is divided by
region as North America, Europe, Asia-Pacific, Latin America and Africa. North
America and European region has shown major growth in recent years owing to the
rise in the implementation of latest technologies in the pharmaceutical &
medicine sector, favorable laws & regulation regarding use of folic acid in
various food grains and pulses, and existence of well-established industrial
infrastructure.
Asia-Pacific region is predicted to hold
major market share in the folic acid market with massive growth in forecast
period. Countries such as India, China and South Korea are leading the
Asia-Pacific market with strong economic growth, improved healthcare
facilities, increasing awareness among general population, and significant
investment by leading industry players considering potential growth
opportunities in the region. The key players in the folic acid industry are
BASF Co., Zydus Pharmaceuticals Ltd., Medicamen Biotech Ltd., Jiangxi Tianxin
Pharmaceutical Co., Ltd., DSM N.V., and Emcure Pharmaceuticals Ltd.
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