Global Folic Acid Market is valued at approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than 5.11% over the forecast period 2022-2028. Folic acid, often known as vitamin B9, is a water-soluble vitamin. Because the human body is unable to produce folic acid, it must be obtained through health supplements and pills. Its ingestion aids in the division of tissues required for optimal physiological functioning. Its therapeutic characteristics make it useful in the pharmaceutical and food and beverage industries. The worldwide folic acid market is growing due to the increased demand for mineral-rich prepared meals. The market growth is driven by increase in the prevalence of folic acid deficiencies and rise in demand for dietary supplements. As per Statista, the North American dietary supplement industry rose from USD 42.6 billion to USD 50.7 billion between 2018 and 2020. By 2026, the market is expected to have grown to almost USD 72 billion. In 2026, the Asia-Pacific market is expected to be around USD 20 billion less than the North American market. Europe is the smallest market of the regions represented here, and it is anticipated to remain such. However, constant rise in the prices and tightening of supply-demand chain impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Folic Acid Market study include: Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is leading the global market owing to an increase in the prevalence of folic acid deficiencies coupled with rise in demand for dietary supplements. However, North America is expected to be the fastest growing region due to increasing demand for prenatal vitamin supplements would create lucrative growth prospects for the Folic Acid Market across North America region.
Major market players included in this report are:
- DSM NV
- Nantong Changhai Food Additive Co. Ltd
- Parchem Fine & Specialty Chemicals
- Jiangxi Tianxin Pharmaceutical Co. Ltd
- Xinjiang Wujiaqu Xingnong Cycle Chemical Co. Ltd
- BASF SE
- Medicamen Biotech Ltd
- Xinfa Pharmaceutical Co., Ltd
- Zydus Pharmaceuticals Ltd
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Application offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
- Dietary Supplements
- Cosmetics
- Pharmaceuticals
- Other Applications
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
Furthermore, years considered for the study are as follows:
- Historical year - 2018, 2019, 2020
- Base year - 2021
- Forecast period - 2022 to 2028
Target Audience of the Global Folic Acid Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
- Investors
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
- 1.2.1. Folic Acid Market, by Region, 2020-2028 (USD Million)
- 1.2.2. Folic Acid Market, by Application, 2020-2028 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Folic Acid Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Folic Acid Market Dynamics
- 3.1. Folic Acid Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
- 3.1.1.1. Increase in prevalence of folic acid deficiencies
- 3.1.1.2. Rise in demand for dietary supplements
- 3.1.2. Market Challenges
- 3.1.2.1. Constant rise in the prices and tightening of supply-demand chain
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing Demand for Prenatal Vitamin Supplements
Chapter 4. Global Folic Acid Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2028)
- 4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.3. Investment Adoption Model
- 4.4. Analyst Recommendation & Conclusion
- 4.5. Top investment opportunity
- 4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1.1. Assessment of the overall impact of COVID-19 on the industry
- 5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Folic Acid Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Folic Acid Market by Application, Performance - Potential Analysis
- 6.3. Global Folic Acid Market Estimates & Forecasts by Application, 2018-2028 (USD Million)
- 6.4. Folic Acid Market, Sub Segment Analysis
- 6.4.1. Dietary Supplements
- 6.4.2. Cosmetics
- 6.4.3. Pharmaceuticals
- 6.4.4. Other Applications
Chapter 7. Global Folic Acid Market, Regional Analysis
- 7.1. Folic Acid Market, Regional Market Snapshot
- 7.2. North America Folic Acid Market
- 7.2.1. U.S. Folic Acid Market
- 7.2.1.1. Application breakdown estimates & forecasts, 2018-2028
- 7.2.2. Canada Folic Acid Market
- 7.3. Europe Folic Acid Market Snapshot
- 7.3.1. U.K. Folic Acid Market
- 7.3.2. Germany Folic Acid Market
- 7.3.3. France Folic Acid Market
- 7.3.4. Spain Folic Acid Market
- 7.3.5. Italy Folic Acid Market
- 7.3.6. Rest of Europe Folic Acid Market
- 7.4. Asia-Pacific Folic Acid Market Snapshot
- 7.4.1. China Folic Acid Market
- 7.4.2. India Folic Acid Market
- 7.4.3. Japan Folic Acid Market
- 7.4.4. Australia Folic Acid Market
- 7.4.5. South Korea Folic Acid Market
- 7.4.6. Rest of Asia Pacific Folic Acid Market
- 7.5. Latin America Folic Acid Market Snapshot
- 7.5.1. Brazil Folic Acid Market
- 7.5.2. Mexico Folic Acid Market
- 7.6. Rest of The World Folic Acid Market
Chapter 8. Competitive Intelligence
- 8.1. Top Market Strategies
- 8.2. Company Profiles
- 8.2.1. Zydus Pharmaceuticals Ltd
- 8.2.1.1. Key Information
- 8.2.1.2. Overview
- 8.2.1.3. Financial (Subject to Data Availability)
- 8.2.1.4. Product Summary
- 8.2.1.5. Recent Developments
- 8.2.2. DSM NV
- 8.2.3. Nantong Changhai Food Additive Co. Ltd
- 8.2.4. Parchem Fine & Specialty Chemicals
- 8.2.5. Jiangxi Tianxin Pharmaceutical Co. Ltd
- 8.2.6. Xinjiang Wujiaqu Xingnong Cycle Chemical Co. Ltd
- 8.2.7. BASF SE
- 8.2.8. Medicamen Biotech Ltd
- 8.2.9. Xinfa Pharmaceutical Co., Ltd
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption