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Folic Acid Market - Growth, Trends and Forecasts (2020 - 2025)

  • ID: 4997440
  • Report
  • March 2020
  • Region: Global
  • 90 pages
  • Mordor Intelligence
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until Jun 30th 2020
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FEATURED COMPANIES

  • BASF SE
  • DSM N.V.
  • Medicamen Biotech Ltd.
  • Zydus Pharmaceuticals Ltd
  • MORE
Global folic acid market is expected to register a CAGR of 5.11% during the forecast period, 2020 - 2025.
  • 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.
  • Millennial, baby boomers, and women are the important consumer demographic segments that are driving the demand for folic acid in the global market.
Key Market Trends

Rising demand for prenatal vitamin supplements

Vitamins are one of the crucial nutrients for women, especially vitamin B12, vitamin B9, and vitamin D which are particularly important to support the development of the baby's nervous system (B12) and skeleton (D) since proper nutrition and diet is essential in pregnancy in order to help them deliver healthy babies, which in turn boosting the folic acid market owingto the major usage of folic acid in prenatal supplements. Currently, almost all obstetricians in the United States recommend prenatal vitamins to pregnant women, to support healthy growth and minimize birth defects. A study by the UC Davis MIND Institute has claimed that “women who reported about not taking daily prenatal immediately before and during the first month of pregnancy, were likely to have a child with an autism spectrum disorder, twice the rate as that of women who consumed the supplements.

Asia-Pacific Holds the Largest Market Share

Asia-Pacific region is estimated to hold the largest share in the global folic acid market followed by North America and Europe. Huge investment in product innovation and R&D facilities are frequently witnessed in the Asia-Pacific region. Moreover, increased manufacturing base in the area coupled with implementation of advanced technologies and expertise is expected to trigger the regional growth during the forecast period. Europe witnessed a significant growth for folic acid materials. The existence of stringent regulation about consumption of additional nutraceuticals along with proper diet has been responsible for the growing demand. Moreover, favorable regulations and amendments by the European Union are expected to drive the regional growth over the forecast period.

Competitive Landscape

Some of the major keyplayers in the folic acid market globally, includes DSM N.V., BASF SE, Parchem Fine & Specialty Chemicals, Jiangxi Tianxin Pharmaceutical Co. Ltd., Medicamen Biotech Ltd., Xinjiang Wujiaqu Xingnong Cycle Chemical Co. Ltd. among others.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format.
  • 3 months of analyst support.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BASF SE
  • DSM N.V.
  • Medicamen Biotech Ltd.
  • Zydus Pharmaceuticals Ltd
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Application
5.1.1 Dietary Supplements
5.1.2 Cosmetics
5.1.3 Pharmaceuticals
5.1.4 Others
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.1.4 Rest of North America
5.2.2 Europe
5.2.2.1 United Kingdom
5.2.2.2 Germany
5.2.2.3 France
5.2.2.4 Russia
5.2.2.5 Italy
5.2.2.6 Spain
5.2.2.7 Rest of Europe
5.2.3 Asia Pacific
5.2.3.1 India
5.2.3.2 China
5.2.3.3 Japan
5.2.3.4 Australia
5.2.3.5 Rest of Asia-Pacific
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Rest of South America
5.2.5 Middle East & Africa
5.2.5.1 South Africa
5.2.5.2 Saudi Arabia
5.2.5.3 Rest of Middle East & Africa

6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 DSM N.V.
6.4.2 BASF SE
6.4.3 Parchem Fine & Specialty Chemicals
6.4.4 Jiangxi Tianxin Pharmaceutical Co. Ltd.
6.4.5 Medicamen Biotech Ltd.
6.4.6 Zydus Pharmaceuticals Ltd
6.4.7 Xinjiang Wujiaqu Xingnong Cycle Chemical Co. Ltd.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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  • DSM N.V.
  • BASF SE
  • Parchem Fine & Specialty Chemicals
  • Jiangxi Tianxin Pharmaceutical Co. Ltd.
  • Medicamen Biotech Ltd.
  • Zydus Pharmaceuticals Ltd
  • Xinjiang Wujiaqu Xingnong Cycle Chemical Co. Ltd.
Note: Product cover images may vary from those shown
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