Global Folic Acid Market by Application (Food & Beverages, Nutraceuticals, Pharmaceuticals) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

Global folic acid sales were valued at USD 6665.2 million in 2015. Future market growth is expected to be positive due to the use of modern medical technologies to produce high-quality folic acids tablets that can be used during pregnancy. Folate intake helps to reduce the risk of congenital disabilities, such as neural tube defects (NTDs), in infants.

Folic acid, also known as vitamin B9, is a water-soluble vitamin that is required by the body for the production of red blood cells. Anemia can be caused by a lack of this vitamin. Folic acids are also involved in normal body growth and development, the production of genetic material such as DNA, RNA, and many other bodily functions. Vitamin B9 tablets are safe to consume daily with no side effects.

Volume of the U.S. Folic Acid Market by Application, 2014-2025 (Metric Tons).

China is the largest producer of folic acid worldwide. A few Chinese producers were forced to shut down their operations in response to the implementation of the Environmental Protection Law, which took effect mid-2015. This led to a worldwide shortage and increased costs.

In many developed countries, such as the U.S. and Australia, vitamin B9 powder has been mandatory in food grains and pulses in order to increase folic acids food fortification. This will boost the market demand over the next few years. These products are used in a variety of medical applications, including as nutritional supplements in pharmaceuticals, nutraceuticals and food, beverages, animal/agriculture-feed, cosmetics, and other areas.

Folic acid is a relatively abundant ingredient in foods, but it can be deficient due to chronic illness, poor diet, malabsorption, or drugs. Folic acid is used in feed additives to increase nutrient uptake. It also provides nourishment for animals. Low folic acid can cause poor feather growth and decrease appetite in poultry and livestock.

Application Insights

This application segment covers food beverages, pharmaceuticals and nutraceuticals. Folic acid is used extensively in nutritional therapy for nervous system, urinary and cardiovascular system disorders. This product is used in the manufacture of vitamin supplements tablets, powders and cosmetics in the nutraceuticals sector. It is used extensively in cosmetics industry as a skin-care product to assist pregnant women.

Folate can be used as an oral preparation, either in combination with vitamins and minerals or as an aqueous solution to inject. Folate can be added to many foods, including flour, cereals, milk, soft drinks, beverages, as well as baby food. In the next nine years, vitamin b9 demand and production will be boosted by rising market demand from end users.

Market share of Folic Acid by Application, 2015.

Regional Insights

Asia Pacific was the dominant market in the region and accounted for more than 30% of total industry demand in 2015. The region's major cash cow is the medical and therapeutic sectors. The region is home to large investments in R&D and product innovation. The region's manufacturing base will grow, along with the implementation of advanced technologies.

Europe saw a remarkable increase in demand for folic acids materials. This is due to the strict regulation of nutraceuticals consumption and a healthy diet. The European Union is expected to make favorable regulations and amends that will drive regional growth during the forecast period.

Folic Acid Market Share Information

The global folic acid market is dominated by key industry players such as Zydus Pharmaceuticals Ltd. and Zydus Pharmaceuticals Ltd., Medicamen Biotech Ltd. Jiangxi Tianxin Pharmaceutical Co. Ltd. DSM N.V. and Emcure Pharmaceuticals Ltd. This industry is highly concentrated and is characterised by a diversified product portfolio and increased regional presence. To increase their revenue share and improve their value chain integration, industry players use key strategies such as acquisition and new product development.

Many of the market leaders, such as Jiangxi Tianxin Pharmaceutical Co. Ltd. or Xinjiang Wujiaqu Xingnong Cycle Chemical Co. Ltd., have focused on expanding their capacity across China. Xinjiang Wujiaqu Xingnong Cycle Chemical Co. Ltd. revealed plans to build a folic Acid Manufacturing Plant with a production capacity of 100 tonnes per annum in the Xinjiang Uygur Autonomus region. The total investment was USD 4.7million.

The report covers segments

This report forecasts revenue growth and gives an analysis of industry trends for each sub-segment between 2014 and 2025. Up Market Research has divided the global folic acids market based on application and region.

• Application Outlook (Volume and Metric Tons; Revenue USD Million, 2014-2025)

  • Food & Beverages

  • Pharmaceuticals

  • Nutraceuticals

  • Other

• Regional Outlook (Volume Metric Tons; Revenue USD Million, 2014-2025)

  • North America

    • The U.S.

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

  • Middle East & Africa

  • Central & South America

Up Market Research published a new report titled “Folic Acid Market research report which is segmented by Application (Food & Beverages, Nutraceuticals, Pharmaceuticals), By Players/Companies Medicamen Biotech Ltd, BASF SE, increasing regional presence Acquisition and new product development are some key strategies adopted by the industry players to increase their revenue share as well as improving their value chain integration, diversified product portfolio, Emcure Pharmaceuticals Ltd The industry is concentrated with the top few players and is characterized by continuous developments, DSM NV, Zydus Pharmaceuticals Ltd, Jiangxi Tianxin Pharmaceutical Co Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Folic Acid Market Report Segments:

The market is segmented by Application (Food & Beverages, Nutraceuticals, Pharmaceuticals).

Folic Acid Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Folic Acid Market

Overview of the regional outlook of the Folic Acid Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Folic Acid Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Folic Acid Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Food & Beverages

                2. Nutraceuticals

                3. Pharmaceuticals

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Folic 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 2028.

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• Correctly Positioning New Products
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Reasons to Purchase the Folic Acid Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.