Folic acid is a form of water-soluble B vitamin that is present in various foods such as lentils, oranges, dried beans, peas, whole-wheat products, brussels sprouts, liver, asparagus, beets, broccoli, and spinach. Folic acid helps the human body to produce new cells, and also helps prevent changes to DNA that may lead to cancer. Additionally, folic acid is used to treat folic acid deficiency and certain types of anemia, which is caused by folic acid deficiency. Folic acid is used in combination with other medications to treat aplastic, pernicious, and normocytic anemia.
MARKET DYNAMICS
The key factors driving the folic acid market growth are rising demand for dietary supplements and increasing usage of folic acid in a diversified range of applications in the food and beverage and pharmaceutical industry. Growing health awareness among the consumers regarding the consumption of healthy food products and the rise in disposable income of the consumers in developing regions such as Asia Pacific and South America provide a market opportunity for the key players operating in the folic acid market. However, excessive consumption of folic acid leads to several health issues. This is projected to hamper market growth over the forecast period.
MARKET SCOPE
The "Global Folic acid Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the folic acid market with detailed market segmentation by type, application, and geography. The global folic acid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading folic acid market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global folic acid market is segmented on the basis of product type and application. On the basis of product type, the folic acid market is segmented into feed grade, food grade and pharmaceutical grade. On the basis of application, the folic acid market is segmented into food & beverages, pharmaceuticals, nutraceuticals and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global folic acid market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The folic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the folic acid market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the folic acid market in these regions.
MARKET PLAYERS
The reports cover key developments in the folic acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from folic acid market are anticipated to lucrative growth opportunities in the future with the rising demand for folic acid in the global market. Below mentioned is the list of few companies engaged in the folic acid market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the folic acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Changzhou Kangrui
- Changzhou Xinhong
- Jiheng Pharmaceutical
- Koninklijke DSM N.V.
- Medicamen Biotech Ltd.
- Niutang
- Xinfa Pharmaceutical
- Zhejiang Shengda
- Zydus Pharmaceuticals Ltd.
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