Folic Acid Market to Hit USD 0.96 Bn at a Growth Rate of 4.3 percent by 2029: Industry Analysis and Forecast (2022-2029) Trends, Statistics, Dynamics, segmentation

Pune 23 Feb 2023: As per the report published by Maximize Market research, a global business research and consultancy firm, the total global market for "Folic Acid Market" was USD 0.68 Bn in 2021 and is expected to grow at a CAGR of 4.3 percent over the forecast period to reach USD 0.96 Bn by 2029.

Folic Acid Market Report Scope and Research Methodology

The report provides a thorough analysis of the global, regional and national levels for the Folic Acid Market. The report forecasts the market size and growth rate along with existing and future trends in the Folic Acid market. The competitive structure, pricing and demand analysis are used for deeper information on Folic Acid market penetration are included in the report. Major Industry players in the Folic Acid market are listed by region, along with total market revenue, new technical developments approved, mergers and acquisitions, joint ventures and strategic alliances for the competitive analysis of the Folic Acid market.

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For Folic Acid market size estimation, the bottom approach was used in the report. Form, Source and Application are the segments used to analyze the Folic Acid market in order to offer the aspects that both positively and negatively affect the growth of the market. Primary and secondary data collections method are used to collect the data for the Folic Acid market.

The increasing need for folic acid for pregnant women drives the growth of the global folic market during the forecast Period

Every day, women of reproductive age need at least 400mcg of folic acid and according CDC (Centre for Diseases Control and Prevention). They suggested that women who have gone through a neural tube-affected pregnancies should utilize at least 4100 mcg each day for one month before becoming pregnant again.

During the forecast period, the Folic Acid Market is expected to be driven by increasing demand for dietary supplements, increasing awareness about healthy food among the people, an increase in the use of folic acid in the food and beverages sector, rapid urbanization and an increase in disposable income. The Folic Acid Market growth is restrained by the opposition of the government policies for folic acid due to it creating health problems foe the consumers such as skin rash, seizures, etc.

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Asia Pacific region dominates the global Folic Acid Market over the forecast period

In 2021, Asia pacific region dominated the global Folic Acid Market due to growing awareness about healthy foods among people and increasing demand for nutritional food products. China is the major pivot for pharmaceutical research and investments in the world leading the regional market. Due to presence of the large numbers of anemic patients, the Folic Acid Market in India is expected to witness growth over the forecast period.

During the forecast period, the North American region, mainly the United States is expected to grow at a significant growth rate in the global folic acid market. The growth in the country is driven by the growth of cutting edge technologies and rising prenatal abnormalities affecting the many infants in the country.

Folic Acid Market Segmentation

By Form

Tablets
Soft Gels
Lozenges
Others

By Source

Vegetables
Fruits
Others

By Application

Food & Beverages
Pharmaceutical
Nutraceuticals
Others

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Folic Acid Market Key Players include:

BASF SE
Zydus Pharmaceuticals Ltd.
Medicamen Biotech Ltd.
Jiangxi Tianxin Pharmaceutical Co. Ltd.
DSM N.V.
Emcure Pharmaceuticals Ltd.
Xinjiang Wujiaqu Xingnong Cycle Chemical Co. Ltd.
Tyson Foods
Maple leaf Foods
Medicamen Biotech ltd
Niutang
Jiheng Pharmaceutical
Parchem Fine & Specialty Chemicals
СhаngzhоuХіnhоng
Nantong Changhai Food Additive

Table of for Global Folic Acid Market:

Global Folic Acid Market: Research Methodology

Global Folic Acid Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

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Global Folic Acid Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Global Folic Acid Market Segmentation

Global Market, by Form (2021-2029)
Global Market, by Source (2021-2029)
Global Market, by Application (2021-2029)

Regional Global Folic Acid Market(2021-2029)

Regional Market, by Form (2021-2029)
Regional Market, by Source (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Country (2021-2029)

Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis of the Form , Source , Application and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region

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