The global demand for Folate Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Folate is the natural form of vitamin B9, water-soluble and naturally found in many foods. Folate, also known as folic acid, is essential for forming red blood cells and healthy cell growth and function. Folate is mainly found in dark green leafy vegetables, nuts, peas, and beans. Fruits high in folate are melons, oranges, lemons, bananas, and strawberries. A folic acid is an unnatural form of folate. It is an essential element of prenatal vitamins and is present in many fortified foods such as cereals and pastas. Folate insufficiency can result from a diet lacking foods rich in folate or folic acid. It can also affect people with celiac disease conditions, as it prevents the small intestine from consuming nutrients from food.
Market Dynamics
The market is predominantly driven by rising demand for dietary supplements and the growing use of folic acid in a broad range of applications, ranging from food and beverages to pharmaceuticals. The increasing perception of the customer of safe food consumption and rising disposable income, and urbanization have also catalyzed market growth. The rising demand for folic acid in nutraceuticals is also boosting the demand. However, costs related to the folic acid tablets are likely to restrict the market. Moreover, growing research and development activities and product launches are creating new avenues in the market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of folate. The growth and trends of folate industry provide a holistic approach to this study.
Market Segmentation
This section of the folate market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Tablets
- Soft Gels
- Lozenges
- Others
By Source
By Application
- Food & Beverages
- Pharmaceutical
- Nutraceuticals
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Folate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Folate Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the folate market include BASF SE, DSM N.V., Emcure Pharmaceuticals Ltd., Jiangxi Tianxin Pharmaceutical Co. Ltd., Medicamen Biotech Ltd., and Zydus Pharmaceuticals Ltd. among others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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