Folic Acid Market Dynamics:
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 Source
Vegetables
Fruits
Others
by Application
Food & Beverages
Pharmaceutical
Nutraceuticals
Others
By Form, The tablet segment is projected to grow at a CAGR of xx% in the forecast period (2023-2029). This can be correlated to its high demand for prenatal care in the healthcare industry. Studies also show that folic acid prevents abnormalities in the oral cavities of the fetus such as cleft lip and palate. (A cleft lip is a birth defect in the upper lip of the baby that has an opening in it).
The soft Gel segment is also projected to witness a high growth rate of 3.2% in the same forecast period. Softgel tablets consist of a gelatin shell around a liquid core. The growth in this segment can be attributed to soft gel capsules providing quick relief in less amount of time as compared to regular tablets.
By Application, The pharmaceutical segment dominated the global market in the year 2022. This can be attributed to folic acid having medicinal properties that are useful for treating nervous system-related disorders, cardiovascular diseases, and kidney diseases. Prenatal care is the main driver of the folic acid market in the pharmaceutical segment. It also has applications in many skincare products as it enables the development of healthy skin cells.
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 Addressed in This Report:
How has the Folic Acid Market market performed so far and how will it perform in the coming years?
What is the market segmentation of the global Folic Acid Market market?
What is the regional breakup of the global Folic Acid Market market?
What are the price trends of various feedstocks in the Folic Acid Market industry?
What is the structure of the Folic Acid Market industry and who are the key players?
What are the various unit operations involved in a Folic Acid Market processing plant?
What is the total size of land required for setting up a Folic Acid Market processing plant?
What is the layout of a Folic Acid Market processing plant?
What are the machinery requirements for setting up a Folic Acid Market processing plant?
What are the raw material requirements for setting up a Folic Acid Market processing plant?
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Key Insights Covered the Folic Acid Market Report:
Market Coverage:
Market Trends
Market Breakup by Segment
Market Breakup by Region
Price Analysis
Impact of COVID-19
Market Forecast
Key Aspects Required for Setting Up a Folic Acid Market Plant:
Detailed Process Flow:
Product Overview
Unit Operations Involved
Mass Balance and Raw Material Requirements
Quality Assurance Criteria
Technical Tests
Project Details, Requirements and Costs Involved:
Land, Location and Site Development
Plant Layout
Machinery Requirements and Costs
Raw Material Requirements and Costs
Packaging Requirements and Costs
Transportation Requirements and Costs
Utility Requirements and Costs
Human Resource Requirements and Costs
Project Economics:
Capital Investments
Operating Costs
Expenditure Projections
Revenue Projections
Taxation and Depreciation
Profit Projections
Financial Analysis
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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