The global folic acid market is expected to reach USD 666.2
million by 2025, according to a new report by Grand View Research, Inc. Growing
consumption of vitamin B9 as a source of an essential supplement during
pregnancy by women that minimizes the risk of congenital disabilities in
infants is anticipated to augment the market demand in the coming years.
Folic acid is required for the metabolism of specific
biochemical reactions and cell division in the body. It plays a significant
role in the development of the nervous system in the growing fetus. Moreover,
it is involved in the formation of red blood cells, supporting the normal
development of the neural tube in the fetus. Market drivers include the
increasing demand from pharmaceutical and nutraceuticals industry for
manufacturing instant folate-rich food products owing to its health benefits.
Improved medical facilities, increasing disposable income
and adoption of social programs by the government to encourage healthcare
initiatives have led to growing demand folic acid products. Pharmaceuticals
dominated the market in 2015, followed by nutraceuticals. Asia Pacific
dominated the folic acid market in 2015 due to the high production of the raw
material in emerging economies such as China, which is a primary manufacturer
of the vitamins globally.
Companies such as BASF SE, Zydus Pharmaceuticals Ltd.,
Medicamen Biotech Ltd., Jiangxi Tianxin Pharmaceutical Co. Ltd., Koninklijke
DSM N.V., and Emcure Pharmaceuticals Ltd. have implemented acquisition and
expansion business strategies to increase their geographical presence. Few
global players have invested in R&D amenities to discover advanced and
innovative folic products with higher efficacy rate and ease of use.
Browse full research report on Folic Acid Market: http://www.grandviewresearch.com/industry-analysis/folic-acid-market
Further key findings from the report suggest:
- The
global folic acid market demand was over 1.68 kilo tons in 2015 and is
expected to grow at an estimated CAGR of 3.5% from 2016 to 2025
- Pharmaceuticals
dominated the folic acid market with a market share of in 2015. It is used
to manufacture vitamin B9 medicines which are prescribed mainly to
pregnant women resulting in healthy growth & development of infants.
- Asia
Pacific is projected to grow at the highest CAGR of 3.9% on account of the
growing demand for medicines and multivitamin products in China, India,
and Japan.
- Key
companies in the folic acid industry include BASF SE, Zydus
Pharmaceuticals Ltd., Medicamen Biotech Ltd., Jiangxi Tianxin
Pharmaceutical Co. Ltd., and Koninklijke DSM N.V. among others. Global
players have partnered with the folate suppliers for the easy availability
of the high-quality raw materials at economical price range.
Grand View Research has segmented the global folic acid
market on the basis application, and region:
Folic Acid Application Outlook (Volume, Metric Tons;
Revenue, USD Million, 2014 - 2025)
- Food
& beverages
- Pharmaceuticals
- Nutraceuticals
- Others
Folic Acid Market Regional Outlook (Volume, Metric Tons;
Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia
Pacific
- China
- India
- Japan
- Australia
- Middle
East & Africa
- Central
& South America
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-folic-acid-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information: www.grandviewresearch.com
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