The Global Folic
Acid Market is forecast to reach USD 1.07
Billion by 2027, according to a new report by Reports and Data. Folic acid may
be referred to as the synthetic form of vitamin B9. It is also known as
pteroylmonoglutamic acid. The rising awareness about the health impact due to
the deficiency of this vitamin like anemia, mouth ulcer, among others, is
supporting the market growth. Increasing awareness about women health and care
during pregnancy is also fostering sector growth.
Statistical
data indicating product consumption across all these topographies have been
cited in the report. These particulars additionally consist of a basic summary
of the corporations, company profile, and the product portfolio of the company
in focus. The report analyses the gathered information relating to the profits
accrued, sales, gross margins, price patterns, revenue and updates on the
activities of the company.
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Key
Players:
Key participants
include Zydus Pharmaceuticals Ltd., BASF SE, Jiangxi Tianxin Pharmaceutical Co.
Ltd., Medicamen Biotech Ltd., Emcure Pharmaceuticals Ltd, DSM N.V, Shandong
Xinfa Pharmaceutical Co., Ltd., Changzhou Kangrui., Niutang, Jiheng
Pharmaceutical and Xinjiang Wujiaqu Xingnong Cycle Chemical Co. Ltd.
Further
key findings from the report suggest:
- The Folic Acid market held a market
share of USD 750.9 Million in the year 2018 that is forecasted to grow at
a rate of 4.0% during the forecast period.
- In context to Grade, the Food Grade
segment is projected to witness a significant growth rate of 4.3% during
the forecast period, which is expected to hold 37.0% of the market by
2027.
- In context to Form, the Tablets segment
held the largest market share of more than 30.0% in 2018, with a CAGR of
4.3% during the forecast period. Easy availability of this vitamin in
tablet form, wherein a wide product range is available for over the
counter folic acid tablets, and the fact that this vitamin is commonly
prescribed in tablet form for adults in the healthcare sector contributes
to the market share held by this segment.
- In regards to Application, the
Pharmaceutical segment occupied the largest market share of more than
40.0% in 2018, with a CAGR of 4.1% during the forecast period. The market
dominance of the Pharmaceutical segment is attributed to the high demand
for this vitamin in treating the deficiency of folate and rising awareness
about women’s health during pregnancy in the healthcare sector, which
results in elevated application of the vitamin in this segment.
- In regards to the region, Europe
held 19.0% of the market in 2018, with a CAGR of 4.2% during the forecast
period. The market share held by the region is attributed to the expanding
healthcare and pharmaceutical industry in this region, which is supporting
the expansion of the sector in this region.
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Market
Segmentation:
Grade Outlook (Volume,
Kilo Tons; Revenue, USD Million; 2016-2027)
- Pharmaceutical Grade
- Food Grade
- Others
Form Outlook (Volume,
Kilo Tons; Revenue, USD Million; 2016-2027)
- Soft Gels
- Lozenges
- Tablets
- Others
Application Outlook
(Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
- Food & beverages
- Pharmaceutical
- Nutraceutical
- Others
Regional Outlook
(Volume, Kilo Tons; Revenue, USD Million; 2016-2027)
- North America
- U.S
- Europe
- U.K
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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Objective of Studies:
·
To
provide country level analysis of the market with respect to the current market
size and future prospective.
·
To
provide country level analysis of the market for segment by application,
product type and sub-segments.
·
To
provide strategic profiling of key players in the market, comprehensively
analyzing their core competencies, and drawing a competitive landscape for the
market.
·
To
track and analyze competitive developments such as joint ventures, strategic
alliances, mergers and acquisitions, new product developments, and research and
developments in the global Folic Acid market.
Thank
you for reading this article. You can also get chapter-wise sections or
region-wise report coverage for North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
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