Market Overview:
The global folic acid and folate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about the benefits of folic acid and folate, rising prevalence of lifestyle diseases, and growing demand for dietary supplements. Folic acid is a water-soluble vitamin that is mainly found in leafy green vegetables and fruits. It helps in the formation of red blood cells, prevents anemia, and reduces the risk of heart disease. Folate is a water-soluble vitamin that occurs naturally in food sources such as leafy green vegetables, legumes, nuts, fruits etc.
Product Definition:
Folic acid is a water soluble vitamin and belongs to the B-complex. Folate is the natural form of this vitamin found in food. Folic acid is mainly used as a supplement to prevent neural tube defects in babies.
Folic Acid:
Folate, also known as vitamin B9 is a form of water-soluble vitamin required by the body to make red blood cells and carry oxygen to tissues. Folic acid is used in the treatment of anemia caused due to chronic diseases such as cancer, gastrointestinal disorders or nutritional deficiencies. It can be taken in supplement or food form; however, it is recommended that adequate amount should be consumed through food sources.
Folate:
Folate or vitamin B9 is a water-soluble vitamin required by the body to manufacture red blood cells and carry oxygen to tissues and organs. Folate can be naturally found in avocado, leafy green vegetables such as spinach, mustard seeds, and other whole grains including rice. However; it can also be synthetically produced using chemical synthesis methods.
Application Insights:
Tablets were the largest application segment and accounted for a revenue share of more than 60% in 2017. The growing use of tablets for the treatment of birth defects, especially neural tube defects is expected to be a key factor driving product demand over the forecast period.
The Latin America market is expected to witness significant growth owing to increasing awareness about folic acid deficiency among mothers and babies. Moreover, government initiatives such as ¢â‚¬Å“Dietary Supplements For Women & Children Aged 14 To 35 Years¢â‚¬ are likely to boost industry growth over the forecast period in this region. In addition, empty capsules are estimated to witness high demand due to their ease in consumption compared with tablets and they have fewer side effects also known as adverse effects on health which makes them suitable for vegetarians and people with certain medical conditions such as diabetes mellitus type II or kidney disease etcetera.
Regional Analysis:
North America dominated the global market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the high prevalence of neural tube defects and heart diseases, which are majorly treated by folic acid and folate-based medication. Moreover, increasing awareness regarding nutritional intake among people is anticipated to fuel regional growth during the forecast period.
Asia Pacific region is expected to witness lucrative growth over the forecast period owing to rising disposable income levels coupled with growing health concerns among consumers pertaining to poor overall health due Neural Tube Defects (NTDs) and cardiovascular diseases (CVDs). The presence of high unmet medical needs along with limited treatment options for CVD patients drives regional demand for CVD preventive drugs such as folic acid & folate supplements that are inexpensive and have fewer side effects as compared to other preventive drugs such as aspirin or cholesterol-lowering medications such as statins.
Growth Factors:
- Rising awareness about the benefits of folic acid and folate is expected to drive the market growth.
- Increasing incidence of birth defects is anticipated to boost the demand for folic acid and folate supplements in pregnant women.
- Growing prevalence of chronic diseases such as cancer, heart disease, and stroke is projected to fuel the demand for these supplements over the forecast period.
- Rising geriatric population is likely to increase the uptake of these supplements as they are more susceptible to chronic diseases than younger people are.
Scope Of The Report
Report Attributes
Report Details
Report Title
Folic Acid and Folate Market Research Report
By Type
Folic Acid, Folate
By Application
Tablets, Empty Capsules
By Companies
Xinfa Pharmaceutical, Niutang, Zhejiang Shengda, Changzhou Xinhong, Jiheng Pharmaceutical, Changshu Kangrui, DSM, BASF, Gnosis
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Folic Acid and Folate Market Report Segments:
The global Folic Acid and Folate market is segmented on the basis of:
Types
Folic Acid, Folate
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Tablets, Empty Capsules
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Xinfa Pharmaceutical
- Niutang
- Zhejiang Shengda
- Changzhou Xinhong
- Jiheng Pharmaceutical
- Changshu Kangrui
- DSM
- BASF
- Gnosis
Highlights of The Folic Acid and Folate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Folic Acid
- Folate
- By Application:
- Tablets
- Empty Capsules
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Folic Acid and Folate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Folic acid and folate are two forms of a B vitamin. Folic acid is found in leafy green vegetables, legumes, nuts and fortified foods. Folate is found in dark green leafy vegetables, fruits and fortified foods.
Some of the key players operating in the folic acid and folate market are Xinfa Pharmaceutical, Niutang, Zhejiang Shengda, Changzhou Xinhong, Jiheng Pharmaceutical, Changshu Kangrui, DSM, BASF, Gnosis.
The folic acid and folate market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Folic Acid and Folate Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Folic Acid and Folate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Folic Acid and Folate Market - Supply Chain
4.5. Global Folic Acid and Folate Market Forecast
4.5.1. Folic Acid and Folate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Folic Acid and Folate Market Size (000 Units) and Y-o-Y Growth
4.5.3. Folic Acid and Folate Market Absolute $ Opportunity
5. Global Folic Acid and Folate Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Folic Acid and Folate Market Size and Volume Forecast by Type
5.3.1. Folic Acid
5.3.2. Folate
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Folic Acid and Folate Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Folic Acid and Folate Market Size and Volume Forecast by Application
6.3.1. Tablets
6.3.2. Empty Capsules
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Folic Acid and Folate Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Folic Acid and Folate Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Folic Acid and Folate Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Folic Acid and Folate Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Folic Acid and Folate Demand Share Forecast, 2019-2026
9. North America Folic Acid and Folate Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Folic Acid and Folate Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Folic Acid and Folate Market Size and Volume Forecast by Application
9.4.1. Tablets
9.4.2. Empty Capsules
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Folic Acid and Folate Market Size and Volume Forecast by Type
9.7.1. Folic Acid
9.7.2. Folate
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Folic Acid and Folate Demand Share Forecast, 2019-2026
10. Latin America Folic Acid and Folate Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Folic Acid and Folate Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Folic Acid and Folate Market Size and Volume Forecast by Application
10.4.1. Tablets
10.4.2. Empty Capsules
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Folic Acid and Folate Market Size and Volume Forecast by Type
10.7.1. Folic Acid
10.7.2. Folate
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Folic Acid and Folate Demand Share Forecast, 2019-2026
11. Europe Folic Acid and Folate Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Folic Acid and Folate Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Folic Acid and Folate Market Size and Volume Forecast by Application
11.4.1. Tablets
11.4.2. Empty Capsules
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Folic Acid and Folate Market Size and Volume Forecast by Type
11.7.1. Folic Acid
11.7.2. Folate
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Folic Acid and Folate Demand Share, 2019-2026
12. Asia Pacific Folic Acid and Folate Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Folic Acid and Folate Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Folic Acid and Folate Market Size and Volume Forecast by Application
12.4.1. Tablets
12.4.2. Empty Capsules
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Folic Acid and Folate Market Size and Volume Forecast by Type
12.7.1. Folic Acid
12.7.2. Folate
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Folic Acid and Folate Demand Share, 2019-2026
13. Middle East & Africa Folic Acid and Folate Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Folic Acid and Folate Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Folic Acid and Folate Market Size and Volume Forecast by Application
13.4.1. Tablets
13.4.2. Empty Capsules
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Folic Acid and Folate Market Size and Volume Forecast by Type
13.7.1. Folic Acid
13.7.2. Folate
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Folic Acid and Folate Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Folic Acid and Folate Market: Market Share Analysis
14.2. Folic Acid and Folate Distributors and Customers
14.3. Folic Acid and Folate Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Xinfa Pharmaceutical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Niutang
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Zhejiang Shengda
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Changzhou Xinhong
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Jiheng Pharmaceutical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Changshu Kangrui
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. DSM
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. BASF
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Gnosis
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook