The global folic acid and folate market is anticipated to grow at a CAGR of 3.2% during the forecast period (2022-2028). Folic acid is a water-soluble vitamin B that is required for the formation of red blood cells. Folate is the naturally occurring form of folic acid found in food. It can be found in a variety of foods, including green leafy vegetables, nuts, beans, fruits and fruit juices, peas, and dairy products. Folic acid is found in many foods and is also available as a dietary supplement. The rise in demand for dietary supplements is one of the major factors expected to drive market growth. The increased use of folic acid in a variety of applications ranging from food and beverages to pharmaceutical is also anticipated to drive demand for the folic acid and folate market during the forecast period.
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Furthermore, rising consumer health awareness regarding healthy food consumption, rising disposable income, and rapid urbanisation are predicted to fuel the folic acid market growth. Furthermore, the use of folic acid and folate for the growth and production of genetic materials such as DNA and RNA, are expected to support the growth of market. Moreover, various favourable regulations and amendments are augmented to create a plethora of new opportunities for the folic acid and folate market during the forecast period. Additionally, the increased end-user application across the globe, as well as daily usage of vitamin B9 tablets has proved to be safe for consumption with no health side effects is factor driving expected to provide opportunities for the folic acid and folate market growth.
Additionally, as these products have promising applications in the medical sector and are widely used as nutrition supplements in several industries such as pharmaceuticals, nutraceuticals, food, beverages, animal/agriculture feed, cosmetics, and others. Despite a relative abundance of folic acid and folate in food products, owing to its deficiency is frequent and it can cause or arise as a consequence of chronic illness, poor diet, malabsorption, and drugs. It is widely used as feed additives to enhance nutrient uptake and provide nourishment to the animals, if there is deficiency of folic acid or lack of it, poultry and livestock lead to poor feather growth and loss of appetite. Due to such factors the demand for the product is growing and that in turn increases the growth of the market. Asia-Pacific is excepted to hold prominent share in the market in folic acid and folate consumption due to increased demand for nutritional food products and increased awareness for healthy eating, particularly in China and India. Europe is expected to witness fastest growth during the forecast period due to the existence of strict regulations regarding the consumption of additional nutraceuticals in addition to proper diet intake.
However, the rapid rise in concern about high doses over a long period of time, as large amounts of folic acid may conceal vitamin B12 deficiency, is expected to disrupt the folic acid and folate market growth, whereas the constant rise in prices and tightening of the supply-demand chain can pose a market challenge for the folic acid and folate market during the forecast period. Market Coverage
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Competitive Landscape-
Changzhou Xinhong, Jiheng Pharmaceutical, Niutang, Xinfa Pharmaceutical, and Zhejiang Shengda, among others.
By Type
- Folic Acid
- Folate
By Application
- Tablets
- Capsules
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Scope of the Report
The research study analyzes the Global Folic Acid and Folate industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Global Folic Acid and Folate Market Report
1. What was the Global Folic Acid and Folate Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Global Folic Acid and Folate Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Global Folic Acid and Folate Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Global Folic Acid and Folate market.
- The market share of the Global Folic Acid and Folate market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Global Folic Acid and Folate market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Folic Acid and Folate market.
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