The global Folic Acid market was valued at USD xx million in 2017 and is estimated to reach USD xx million by 2023, which is growing at a CAGR of 4.6% during the forecast period (2018-2023).
Folic Acid Market Latest Developments
March 2017: August 2014: DSM partnered with Merck to distribute its L-MTHF Metafolin folate to the dietary supplement and food industries.
Folic Acid Market Insights
Folic acid plays an important role in the development of nervous system in the growing fetus. Further, it also helps in the formation of red blood cells, supporting the normal development of the neural tube in the fetus. The growing demand of folic acid in the nutraceutical, and pharmaceutical industry, as well as in the fortified beverages is expected to drive the demand for folic acid during the forecast period (2018-2023). Rising demand for instant folate-rich food products owing to its health benefits is expected to boost the folic acid demand among the food manufacturers. The leading companies in the market are investing in the research and development activities to develop the innovative products and gain the leading market position, by entering into the potential and new markets. Demographically positioned folic acid products are gaining popularity, reflecting the consumer demand for more targeted health solutions, and indicating that brands could now generate more interest in the category by exploring specific gender- and age-related claims.
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The major segmentation in the report includes the market estimates by application – food & beverage, nutraceutical, pharmaceutical, and others. By application, nutraceuticals are expected to have the lucrative market share, owing to the extensive use of folic acid in the health supplements and drinks. Rising demand for instant folate-rich food products owing to its health benefits is expected to boost the folic acid demand among the food manufacturers. The report provides an in-depth analysis of the folic acid market across different geographical regions viz. North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa, along with further country-wise segmentation.
Major Players in the Folic Acid Market
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