Folic Acid Market To Reach USD 1.07 Billion By 2027

New York, NY -- (SBWire) -- 04/15/2021 --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. The consumption of this acid in the required amount prior and at the time of pregnancy helps in preventing neural tube defects along with spinal bifida. Its intake in high doses prior and at the time of the first trimester reduces the risk of miscarriages.

In regards to region, North America can be seen to hold a considerable share of the market. The market share held by the region is attributed to high awareness about the adverse impact of deficiency of this vitamin and associated high demand for nutritional supplements, supporting the expansion of the market in this region.

Leading players of Folic Acid market 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.

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For the purpose of this report, Reports and Data have segmented the global Folic Acid market according to Grade, Form, Application, and Region:

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
]
The key geographical regions analyzed in the report are:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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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. The growth rate witnessed by the Food Grade segment is attributed to the continuous growth of the food & beverage industry, rising awareness about the nutritional importance of Vitamin B9 and rising demand for cereal-based foods, wherein this vitamin in food grade is used for food fortification of meal replacements and cereal-based foods.

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….Continued

Table of Content:

Chapter 1. Market Synopsis

1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2016 - 2026

Chapter 3. Folic Acid Market Segmentation & Impact Analysis

3.1. Folic Acid Market Segmentation Analysis
3.2. Folic Acid Market Value Chain Analysis, 2016-2026
3.3. Folic Acid Market Impact Analysis
3.3.1. Market driver analysis
3.3.1.1. Enhanced need for the implementation of business application among mobile devices
3.3.1.2. Penetration of mobile business

Chapter 4. Folic Acid Market by deployment type (Insights & Trends)

4.1. Folic Acid Market, by deployment type 2019 & 2026
4.2. Cloud
4.3. On premise

Chapter 5. Folic Acid Market by Business (Insights & Trends)

5.1. Folic Acid Market by Business, 2019 & 2026
5.2. Small and medium business
5.3. Large Enterprises

Continue…

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