Below are some of the key findings from the folic acid market research report:
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Global folic acid industry overview
Folic acid is a water-soluble vitamin which is extensively used in dietary supplements and fortified foods. Folic acid works with vitamins B6 and B12 to control high levels of homocysteine in the blood. Further, folic acid supplements are important for pregnant women and also for women who are planning to become pregnant. It reduces the risk of congenital disabilities of a baby's brain and spines such as spina bifida and anencephaly by 50% or more. These and many other benefits of folic acid and its high medicinal value will be one of the key factors that will fuel the folic acid market growth during the forecast period.
The growing e-commerce platform will be one of the key folic acid market trends that will impact growth during the forecast period. The major reason for the growth of online sales of vitamins is the increasing efforts by the retailers to improve the online shopping experience through better online education and targeted marketing. For instance, Amazon sells folic acid to consumers in more than 50 demographic locations.
Top folic acid companies covered in this market research report
The folic acid market is fairly fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this folic acid industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various companies including:
- BASF
- Emcure Pharmaceuticals
- Medicamen Biotech
- Nantong Changhai Food Additive
- Royal DSM
Folic acid market segmentation based on geographic regions
- Americas
- APAC
- EMEA
With a complete study of the growth opportunities for the companies, the Americas will account for the highest folic acid market share throughout the forecast period. This region is dominating the market, mainly due to the increased demand for folic acid in the US, followed by Canada. In the US, the fortification of food with folic acid is mandatory, which is increasing its demand from the food and beverages industry.
Folic acid market segmentation based on application
- Pharmaceutical
- Nutraceutical
- Others
The pharmaceutical segment will account for the largest share of the folic acid market. Additionally, the report also provides an accurate prediction of the contribution of the various products segments to the growth of the folic acid market size.
Key highlights of the global folic acid market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the folic acid market during the next five years
- Precise estimation of the global folic acid market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the folic acid industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of folic acid companies
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