Market Overview:
The global tetrahydrofolic acid market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for tetrahydrofolic acid from the pharmaceutical and food industries. Tetrahydrofolic acid is used as a dietary supplement and as a drug in various applications such as cancer, anemia, and psoriasis. It is also used in the production of various biochemicals and drugs. North America dominates the global tetrahydrofolic acid market, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.
Product Definition:
Tetrahydrofolic acid is a water soluble vitamin and a member of the B-complex. It is also known as folate or vitamin B9. Folate is essential for DNA synthesis and red blood cell formation. It also helps in the metabolism of amino acids and proteins.
More than or euqal to65%:
Tetrahydrofolic acid (THF) is an essential amino acid. It is the main building block for many important proteins in the human body. Proteins, which are used to treat diseases such as muscular dystrophy and spina bifida, are manufactured from THF. The demand for THF has increased over the past few years owing to its increasing application in pharmaceuticals and nutraceuticals along with growing consumer awareness regarding its health benefits.
More than or euqal to70%:
More than or euqal to70% is used in Tetrahydrofolic Acid market. More than 70% of the folic acid manufactured is used for the dietary supplement market and 30% for food fortification purposes. The demand from end-use industries such as pharmaceuticals, food & beverages, and nutraceuticals are expected to drive growth over the forecast period.
Application Insights:
The others segment includes applications such as personal care and cosmetics, which accounted for more than 50% of the total demand in 2016. The product is used as a preservative in several personal care products such as shampoos, conditioners, and make-up products. It is also used to preserve fragrances and flavors in these products. Growing awareness regarding good health among consumers along with increasing use of skincare creams & lotions will drive the market over the forecast period.
Pharmaceutical was one of the major application segments accounting for 33% of global tetrahydrofolic acid market volume share by 2016 due to extensive usage as an antacid agent coupled with its ability to prevent kidney stones formation.
Regional Analysis:
North America dominated the global market in terms of consumption and accounted for a revenue share of over 40.0% in 2017. This is attributed to high demand for pharmaceutical products, which is majorly driven by rising incidence of cancer and other chronic diseases that require long-term treatment. In addition, increasing number fo births has led to an increase in the demand for infant formula as well as human milk fortifiers, thereby driving product consumption across this region.
Asia Pacific is expected to witness significant growth over the forecast period owing to rapid economic development coupled with growing health awareness among consumers leading towards Tetrahydrofolic Acid (THFA) based nutritional supplements & food products such as fortified cereals, ready-to-drink beverages.
Growth Factors:
- Increasing awareness about the benefits of Tetrahydrofolic Acid for pregnant women and newborns is expected to drive the market growth.
- Rising demand for dietary supplements and functional foods containing Tetrahydrofolic Acid is anticipated to boost the market growth.
- Growing research on the health benefits of Tetrahydrofolic Acid is projected to fuel market expansion in the near future.
- Increasing application of Tetrahydrofolic Acid in food & beverage, nutraceuticals, and pharmaceutical industries is likely to propel market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Tetrahydrofolic Acid Market Research Report
By Type
More than or euqal to65%, More than or euqal to70%
By Application
Pharmaceutical, Food, Others
By Companies
Cayman Chemical, AbcamSigma-Aldrich, Toronto Research Chemicals, Santa Cruz Biotechnology, Glentham Life Sciences, ViTrax
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Tetrahydrofolic Acid Market Report Segments:
The global Tetrahydrofolic Acid market is segmented on the basis of:
Types
More than or euqal to65%, More than or euqal to70%
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
Pharmaceutical, Food, Others
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:
- Cayman Chemical
- AbcamSigma-Aldrich
- Toronto Research Chemicals
- Santa Cruz Biotechnology
- Glentham Life Sciences
- ViTrax
Highlights of The Tetrahydrofolic Acid 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:
- More than or euqal to65%
- More than or euqal to70%
- By Application:
- Pharmaceutical
- Food
- Others
- 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 Tetrahydrofolic Acid 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?
Tetrahydrofolic acid is a water soluble vitamin B9. It is important for the body to produce red blood cells, DNA, and proteins. Tetrahydrofolic acid can also help prevent birth defects in the baby's brain and spine.
Some of the major companies in the tetrahydrofolic acid market are Cayman Chemical, AbcamSigma-Aldrich, Toronto Research Chemicals, Santa Cruz Biotechnology, Glentham Life Sciences, ViTrax.
The tetrahydrofolic acid market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tetrahydrofolic Acid 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. Tetrahydrofolic Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tetrahydrofolic Acid Market - Supply Chain
4.5. Global Tetrahydrofolic Acid Market Forecast
4.5.1. Tetrahydrofolic Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tetrahydrofolic Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tetrahydrofolic Acid Market Absolute $ Opportunity
5. Global Tetrahydrofolic Acid 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. Tetrahydrofolic Acid Market Size and Volume Forecast by Type
5.3.1. More than or euqal to65%
5.3.2. More than or euqal to70%
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tetrahydrofolic Acid 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. Tetrahydrofolic Acid Market Size and Volume Forecast by Application
6.3.1. Pharmaceutical
6.3.2. Food
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tetrahydrofolic Acid 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. Tetrahydrofolic Acid 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 Tetrahydrofolic Acid 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. Tetrahydrofolic Acid 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 Tetrahydrofolic Acid Demand Share Forecast, 2019-2026
9. North America Tetrahydrofolic Acid 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 Tetrahydrofolic Acid 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 Tetrahydrofolic Acid Market Size and Volume Forecast by Application
9.4.1. Pharmaceutical
9.4.2. Food
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tetrahydrofolic Acid Market Size and Volume Forecast by Type
9.7.1. More than or euqal to65%
9.7.2. More than or euqal to70%
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 Tetrahydrofolic Acid Demand Share Forecast, 2019-2026
10. Latin America Tetrahydrofolic Acid 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 Tetrahydrofolic Acid 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 Tetrahydrofolic Acid Market Size and Volume Forecast by Application
10.4.1. Pharmaceutical
10.4.2. Food
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tetrahydrofolic Acid Market Size and Volume Forecast by Type
10.7.1. More than or euqal to65%
10.7.2. More than or euqal to70%
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 Tetrahydrofolic Acid Demand Share Forecast, 2019-2026
11. Europe Tetrahydrofolic Acid 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 Tetrahydrofolic Acid 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 Tetrahydrofolic Acid Market Size and Volume Forecast by Application
11.4.1. Pharmaceutical
11.4.2. Food
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tetrahydrofolic Acid Market Size and Volume Forecast by Type
11.7.1. More than or euqal to65%
11.7.2. More than or euqal to70%
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Markt 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 Tetrahydrofolic Acid Demand Share, 2019-2026
12. Asia Pacific Tetrahydrofolic Acid 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 Tetrahydrofolic Acid 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 Tetrahydrofolic Acid Market Size and Volume Forecast by Application
12.4.1. Pharmaceutical
12.4.2. Food
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tetrahydrofolic Acid Market Size and Volume Forecast by Type
12.7.1. More than or euqal to65%
12.7.2. More than or euqal to70%
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 Tetrahydrofolic Acid Demand Share, 2019-2026
13. Middle East & Africa Tetrahydrofolic Acid 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 Tetrahydrofolic Acid 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 Tetrahydrofolic Acid Market Size and Volume Forecast by Application
13.4.1. Pharmaceutical
13.4.2. Food
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tetrahydrofolic Acid Market Size and Volume Forecast by Type
13.7.1. More than or euqal to65%
13.7.2. More than or euqal to70%
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 Tetrahydrofolic Acid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tetrahydrofolic Acid Market: Market Share Analysis
14.2. Tetrahydrofolic Acid Distributors and Customers
14.3. Tetrahydrofolic Acid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cayman Chemical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. AbcamSigma-Aldrich
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Toronto Research Chemicals
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Santa Cruz Biotechnology
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Glentham Life Sciences
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ViTrax
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
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
