Folic Acid Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Folic Acid Market is segmented by Application (Dietary Supplements, Cosmetics, Pharmaceuticals, and Other Applications), and Geography.

Market Snapshot

Folic Acid Market Summary
Study Period: 2016 - 2026
Base Year: 2019
Fastest Growing Market: North America
Largest Market: Asia Pacific
CAGR: 5.11 %

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Market Overview

The folic acid market is expected to register a CAGR of 5.11% during the forecast period, 2020 - 2025.

  • The increasing demand for folic acid in the nutraceutical and pharmaceutical industries, as well as in the fortified beverage industry is expected to drive the demand for folic acid during the forecast period.
  • Millennial, baby boomers, and women are the important consumer demographic segments that are driving the demand for folic acid in the global market.

Scope of the report

The market studied is segmented by type and application. On the basis of application, the market is segmented into dietary supplements, cosmetics, pharmaceuticals, and other applications. On the basis of geography, the study provides an analysis of the folic acid market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

By Application
Dietary Supplements
Cosmetics
Pharmaceuticals
Other Applications
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand for Prenatal Vitamin Supplements

Vitamins are one of the crucial nutrients for women, especially vitamin B12, vitamin B9, and vitamin D, which are particularly important to support the development of the baby's nervous system (B12) and skeleton (D), since proper nutrition and diet is essential in pregnancy in order to help them deliver healthy babies. This, in turn, boosts the folic acid market, owing to the major usage of folic acid in prenatal supplements. Currently, almost all obstetricians in the United States recommend prenatal vitamins to pregnant women, to support healthy growth and minimize birth defects. A study by the UC Davis MIND Institute has claimed that “women who reported about not taking daily prenatal immediately before and during the first month of pregnancy, were likely to have a child with an autism spectrum disorder, twice the rate as that of women who consumed the supplements.

folic-acid-market

Asia-Pacific Holds the Largest Market Share

Asia-Pacific region is estimated to hold the largest share in the market studied, followed by North America and Europe. Huge investment in product innovation and R&D facilities are frequently witnessed in the Asia-Pacific region. Moreover, the increased manufacturing base in the area, coupled with the implementation of advanced technologies and expertise, is expected to trigger regional growth during the forecast period. Europe witnessed a significant growth for folic acid materials. The existence of stringent regulation about the consumption of additional nutraceuticals, along with proper diet, has been responsible for the increasing demand. Moreover, favorable regulations and amendments by the European Union are expected to drive the regional growth over the forecast period.

folic-acid-market

Competitive Landscape

Some of the major key players in the market studied include DSM NV, BASF SE, Parchem Fine & Specialty Chemicals, Jiangxi Tianxin Pharmaceutical Co. Ltd, Medicamen Biotech Ltd, and Xinjiang Wujiaqu Xingnong Cycle Chemical Co. Ltd.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Application

      1. 5.1.1 Dietary Supplements

      2. 5.1.2 Cosmetics

      3. 5.1.3 Pharmaceuticals

      4. 5.1.4 Other Applications

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

        4. 5.2.1.4 Rest of North America

      2. 5.2.2 Europe

        1. 5.2.2.1 United Kingdom

        2. 5.2.2.2 Germany

        3. 5.2.2.3 France

        4. 5.2.2.4 Russia

        5. 5.2.2.5 Italy

        6. 5.2.2.6 Spain

        7. 5.2.2.7 Rest of Europe

      3. 5.2.3 Asia Pacific

        1. 5.2.3.1 India

        2. 5.2.3.2 China

        3. 5.2.3.3 Japan

        4. 5.2.3.4 Australia

        5. 5.2.3.5 Rest of Asia-Pacific

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle East & Africa

        1. 5.2.5.1 South Africa

        2. 5.2.5.2 Saudi Arabia

        3. 5.2.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 DSM NV

      2. 6.4.2 BASF SE

      3. 6.4.3 Parchem Fine & Specialty Chemicals

      4. 6.4.4 Jiangxi Tianxin Pharmaceutical Co. Ltd

      5. 6.4.5 Medicamen Biotech Ltd

      6. 6.4.6 Zydus Pharmaceuticals Ltd

      7. 6.4.7 Xinjiang Wujiaqu Xingnong Cycle Chemical Co. Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Folic Acid Market market is studied from 2016 - 2026.

The Folic Acid Market is growing at a CAGR of 5.11% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2019.

DSM N.V., BASF SE, Parchem Fine & Specialty Chemicals, Jiangxi Tianxin Pharmaceutical Co. Ltd. are the major companies operating in Folic Acid Market.

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