Folic Acid Market Drivers:
A major driver in the global folic acid market is the need for folic acid for pregnant women in their early days of pregnancy. Women of reproductive age need at least 400 mcg of folic acid every day. CDC (Center for Disease Control and Prevention) recommended that women who have gone through neural tube-affected pregnancies should consume at least 4100 mcg each day one month before becoming pregnant again. This factor is projected to drive the global folic acid market in the forecast period (2022-2029).
The main restraint of the folic acid market is that higher levels of consumption can cause health problems in its consumers such as stomach ulcers, skin rash, seizures, etc. This resulted in many government policies that opposed the trade of in an open market. This is expected to drive many health-conscious consumers away from the global folic acid market. A challenge in the global market is the decline of the overall cost of in the global market. This is mainly due to the rise of many small new players in the global market. These players pose a significant threat to the old folic acid firms in the market.
Folic Acid Market Report Overview:
Maximize Market Research has issued papers to help clients understand the landscape of the Folic Acid Market in which they compete. The research provides market insights to help clients understand future demand for their product and the Artichokes’s competitiveness. The Artichokes market overview provides detailed information on the market’s size, trade data, key players, and several market metrics such as life cycle, trends, and so on.
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Folic Acid Market Growth:
The Folic Acid Market size was valued at US$ 0.70 Billion in 2022 and the total global Folic Acid market revenue is expected to grow at 4.3% through 2023 to 2029, reaching nearly US$ 0.95 Billion
Folic Acid Market Regional Insights:
The report is segmented into several key countries, with market size, growth rate, import and export of EV Connectors market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
Folic Acid Market Segmentations:
by Form
Tablets
Soft Gels
Lozenges
Others
By Form: Over the course of the forecast period (2023–2029), the tablet sector is expected to increase at a CAGR of xx%. This is tied to the healthcare industry's strong need for prenatal care. Folic acid has also been shown in studies to prevent cleft lip and palate and other abnormalities in the developing fetus's oral canals. A cleft lip is an opening in a baby's top lip that results from birth defects.
by Source
Vegetables
Fruits
Others
by Application
Food & Beverages
Pharmaceutical
Nutraceuticals
Others
In terms of application, the pharmaceutical industry held a dominant position in the world market in 2022. This is explained by the fact that folic acid has therapeutic qualities that help heal illnesses of the neurological system, the heart, and the kidneys. The primary factor driving the folic acid market in the pharmaceutical sector is prenatal care. Due to its ability to promote the growth of healthy skin cells, it finds use in numerous skincare products as well.
Table of Content: Folic Acid Market :
Part 01: Executive Summary
Part 02: Scope of the Folic Acid Market Report
Part 03: Folic Acid Market Landscape
Part 04: Folic Acid Market Sizing
Part 05: Folic Acid Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Folic Acid Market Key Players:
1. BASF SE
2. Zydus Pharmaceuticals Ltd.
3. Medicamen Biotech Ltd.
4. Jiangxi Tianxin Pharmaceutical Co. Ltd.
5. DSM N.V.
6. Emcure Pharmaceuticals Ltd.
7. Xinjiang Wujiaqu Xingnong Cycle Chemical Co. Ltd.
8. Tyson Foods
9. Maple leaf Foods
10. Medicamen Biotech ltd
11. Niutang
12. Jiheng Pharmaceutical
13. Parchem Fine & Specialty Chemicals
14. СhаngzhоuХіnhоng
15. Nantong Changhai Food Additive
Key questions answered in the Folic Acid Market are:
- What are the Folic Acid Market segments?
- Which Artichokes market segment is expected to grow rapidly during the forecast period?
- What is the expected CAGR of the Artichokes market during the forecast period?
- Who are the top players in the Artichokes industry?
- Which region is expected to grow at a high CAGR during the forecast period?
- Which region held the largest Artichokes market share in 2024?
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Key Offerings:
- Market Overview
- Market Share
- Market Size
- Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments, sub-segments and region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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