The global folic acid market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). During the forecast period, the increasing demand for folic acid in the nutraceutical and pharmaceutical industries, as well as the fortified beverage industry, is expected to drive demand. The important consumer demographic segments driving folic acid demand in the global market are millennials, baby boomers, and women.
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Vitamins are one of the most important nutrients for women, particularly vitamin B12, vitamin B9, and vitamin D, that are especially important for supporting the development of the baby’s nervous system (B12) and skeleton (D), as proper nutrition and diet are essential in pregnancy to help them deliver healthy babies. Due to folic acid is commonly used in prenatal supplements, this boosts the folic acid market. Almost all obstetricians in the US now recommend prenatal vitamins to pregnant women in order to promote healthy growth and reduce birth defects. According to a study conducted by the UC Davis MIND Institute, “women who reported not taking daily prenatal vitamins immediately before and during the first month of pregnancy were more likely to have a miscarriage.”
The Asia-Pacific region is expected to hold prominent share that is followed by North America and Europe. Large investments in product innovation and R&D facilities are common in the Asia-Pacific region. Furthermore, the area’s increased manufacturing base, combined with the implementation of advanced technologies and expertise, is anticpated to drive regional growth during the forecast period. Folic acid materials have seen significant growth in Europe. The existence of stringent regulation regarding the consumption of additional nutraceuticals, in addition to proper diet, has been responsible for the rising demand. Furthermore, favourable European Union regulations and amendments are expected to drive regional growth over the forecast period.
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Competitive Landscape –
BASF, Changzhou Xinhong, DSM, Niutang,Jiheng Pharmaceutical, Xinfa Pharmaceutical, and Zhejiang Shengda, among others.
By Type
- Feed Grade
- Food Grade
- Pharmaceutical Grade
By Application
- Animal Feeding
- Food and Beverage
- Cosmetic
- Health Supplements and Medicine
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Scope of the Report
The research study analyzes the Global Folic Acid (Fa) 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 (Fa) Market Report
1. What was the Global Folic Acid (Fa) 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 (Fa) 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 (Fa) 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 (Fa) market.
- The market share of the Global Folic Acid (Fa) 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 (Fa) market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Folic Acid (Fa) market.
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