Folic Acid Market Insight
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. Rising demand for instant folate-rich food products owing to its health benefits is expected to boost the folic acid demand among the food manufacturers. Millennial, baby boomers, and women are the three important consumer demographic segments that are driving the demand for folic acid in the global market.
Increasing Demand among Baby Boomers, Millennial, and Women in Folic Acid Market
Millennial, baby boomers, and women are the three important consumer demographic segments that are driving the demand for folic acid in the global market. Millennial consumers are focused on optimizing their present health, and preventing deteriorating health in the future. They consume food products, typically fortified with calcium, fiber, vitamins, and minerals. Thus, the manufacturers are producing the food, beverage, and supplements based on the folic acid. Baby Boomers demands the products that help prevent or mitigate conditions that relate to aging. The health problems associated with the ageing population are the key factor that generate the demand for the nutritional supplements and food products. The bulk of folic acid based new food and drink products targeted at baby-boomers is on the rise. Women are including supplements and functional food in their diet, due to recommendation from health practitioners. Sales of women’s health products account for a significant share of the demographic sector.
The major segmentation in the global folic acid market report includes the market estimates by application – food & beverage, nutraceutical, pharmaceutical, and others. By application, nutraceuticals is expected to have lucrative market share, owing to the extensive use of folic acid in the health supplements and drinks. Rising demand for instant folate-rich food products owing to its health benefits is expected to boost the folic acid demand among the food manufacturers.
Asia-Pacific Expected to Record Highest CAGR in the Folic Acid Market
Asia-Pacific accounts for the largest share of folic acid market. It is expected to grow at the significant CAGR during the forecast period. Pharmaceutical and nutraceuticals are the key consumers of folic acid in APAC. Rising investment, product innovation, increasing manufacturing base in the region is fuelling the market in the Asian countries. China is one of the leading producers of folic acid.
Key Developments in the Folic Acid Market
August 2014: DSM partnered with Merck to distribute its L-MTHF Metafolin folate to the dietary supplement and food industries.
Folic Acid Market Competitive Landscape
The key brands are embarking on mergers and acquisitions and new product development as some of their key strategies to achieve consolidation and optimize their offerings respectively. Major players in the market are: BASF SE, Koninklijke DSM N.V., Zydus Pharmaceuticals Ltd., Medicamen Biotech Ltd., Emcure Pharmaceuticals Ltd., Jiangxi Tianxin Pharmaceutical Co. Ltd., Xinjiang Wujiaqu Xingnong Cycle Chemical Co. Ltd., Changzhou Niutang Chemical Plant Co. Ltd., Shandong Xinfa Pharmaceutical Co., Ltd., Hebei Jiheng Group Pharmacy Co Ltd, among others.
Reasons to Purchase the Folic Acid Market Report
- Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
- Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
- Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- 3-month analyst supports, along with the Market Estimates sheet in excel
Customization of the Folic Acid Market Report
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1.1. Key Deliverables of the Study
1.2. Study Assumptions
1.3. Market Definitions
2. Folic Acid Market Insights
2.1. Market Overview
2.2. Market Trends
2.3. Porter's Five Forces Analysis
2.3.1. Bargaining Power of Suppliers
2.3.2. Bargaining Power of Buyer
2.3.3. Threat of New Entrants
2.3.4. Threat of Substitute Products and Services
2.3.5. Degree of Competition
3. Folic Acid Market Dynamics
4. Folic Acid Market Segmentation
4.1 By Type
4.1.1 Alpha Folic Acid
4.1.2 Beta Folic Acid
4.1.3 Gamma Folic Acid
4.1.4 Delta Folic Acid
4.2 By Application
4.2.1 Dietary Supplements
5. Folic Acid Market Regional Analysis
5.1. North America Folic Acid Market
5.1.1. United States Folic Acid Market
5.1.2. Canada Folic Acid Market
5.1.3. Mexico Folic Acid Market
5.1.4. Rest of North America Folic Acid Market
5.2. Europe Folic Acid Market
5.2.1. France Folic Acid Market
5.2.2. Germany Folic Acid Market
5.2.3. Italy Folic Acid Market
5.2.4. UK Folic Acid Market
5.2.5. Russia Folic Acid Market
5.2.6. Rest of Europe Folic Acid Market
5.3. Asia-Pacific Folic Acid Market
5.3.1. China Folic Acid Market
5.3.2. Australia Folic Acid Market
5.3.3. Japan Folic Acid Market
5.3.4. India Folic Acid Market
5.3.5. Rest of Asia-Pacific Folic Acid Market
5.4. South America Folic Acid Market
5.4.1. Brazil Folic Acid Market
5.4.2. Argentina Folic Acid Market
5.4.3. Rest of South America Folic Acid Market
5.5. Middle East and Africa Folic Acid Market
5.5.1. South Africa Folic Acid Market
5.5.2. UAE Folic Acid Market
5.5.3. Rest of Middle East and Africa Folic Acid Market
6. Folic Acid Market Competitive Landscape
6.1. Most Adopted Strategies
6.2. Most Active Companies
6.3. Market Share Analysis
7. Folic Acid Market Company Profiles
7.1 BASF SE
7.2 American River Nutrition, Inc.
7.3 BTSA Biotechnologías Aplicados SA
7.4 Eisai Food & Chemical Co.Ltd.
7.5 Vance Group Ltd.
7.6 Davos Life Science Ltd.
7.8 ExcelVite Inc.
7.10 AC Grace Company
7.11 Palm Nutraceuticals Sdn. Bhd.
7.12 Parchem Fine & Specialty Chemicals