October 26, 2021

Folate Market Worth US$ 1,514.97 Million, Globally, by 2030

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According to Precedence Research, the global folate market size was estimated at US$ 827.84 million in 2020 and is projected to reach US$ 1,514.97 million by 2030, registering a CAGR of 6% from 2021 to 2030. The report contains 150+ pages with detailed analysis.

Folate Market Size 2017-2030

The report provides the overall revenue of the global folate market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year. The study includes drivers and restraints of this global market. It offers a thorough analysis of the market revenue status, growth, future trends, and forecast of the global folate market for the period from 2017 to 2030.

Folate is vitamin B9 well-known for its role in supporting a healthy pregnancy along with the fetal development. As a main ingredient for anemia prevention, it is also commonly used in the pharmaceutical industry. Folate is used by women as a dietary supplement to prevent the creation of neural tube imperfections during pregnancy. It is a form of long-term supplementation that is also associated with minor reductions in the risk of cardiovascular disease and stroke. A major factor driving demand for the consumption of folate-based products and the internal growth of the target industry is increasing health consciousness among consumers worldwide. In addition, the main factor for the growth of the folate market is increase in female fertility rates, particularly in the Asia-Pacific region.

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Scope of the Study

This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, product, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Folate is vitamin B9 well-known for its role in supporting a healthy pregnancy along with the fetal development. As a main ingredient for anemia prevention, it is also commonly used in the pharmaceutical industry. Folate is used by women as a dietary supplement to prevent the creation of neural tube imperfections during pregnancy. It is a form of long-term supplementation that is also associated with minor reductions in the risk of cardiovascular disease and stroke. A major factor driving demand for the consumption of folate-based products and the internal growth of the target industry is increasing health consciousness among consumers worldwide. In addition, the main factor for the growth of the folate market is increase in female fertility rates, particularly in the Asia-Pacific region.

COVID-19 Impact:

The industrial report mentions the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The folate report proficiently explains the resulting factors and concerns of manufacturers. Researchers have also well-explained how the producers and providers will tackle the ongoing epidemic and the key strategies to be adopted post-pandemic for turning their businesses back to normal.

Regional Analysis:

The report covers data for North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. In 2020, North America conquered the global market with a market share of more than 25%. The growth is owing to the increasing R&D activities, along with growing investment in the innovation of the product in the region. Increased manufacturing base in the area coupled with implementation of advanced technologies and expertise is expected to trigger the regional growth over the forecast years. Europe has seen a remarkable rise in folate materials. The presence of a strict restriction on the intake of additional nutraceuticals, along with a healthy diet, was responsible for this requirement. In addition, the European Union’s favorable legislation and reforms are expected to drive regional development over the forecast period. Asia Pacific anticipated growing at the maximum CAGR in the forecast period. Latin America and the African and Middle Eastern region will show perceptible growth over the forecast period owing to growing applications of folate in the countries including Brazil, Mexico, and GCC, of the regions.

Key Market Players and Strategies:

Leading competitors contending in global folate market are as follows:

  • Medicamen Biotech Ltd.
  • Koninklijke DSM N.V
  • Superior Supplement Manufacturing
  • Gnosis SPA
  • Seidler Chemical Co, Inc.
  • Nutritional Supplement Manufacturers, Inc.
  • Shandong Xinfa Pharmaceutical Co.
  • AIE Pharmaceuticals, Inc.
  • Hebei Jiheng Group Pharmacy Co Ltd.
  • Changzhou
  • Niutang Chemical Plant Co. Ltd.
  • Jiangxi Tianxin Pharmaceutical Co. Ltd.
  • BASF SE
  • HEMA PHARMACEUTICALS PVT. LTD.
  • Merck
  • Gemini Pharmaceuticals, Inc.
  • Emcure Pharmaceuticals Ltd.
  • Nantong Changhai Food Additive

Investment in the research and development of the folate along with strategic collaborations are the crucial business strategies undertaken by the major players operating in the global folate market.

Key Market Developments:

  • In 2019, Merck Company declared acquisition of Versum Materials represented an equity value of about U$5.8 billion.
  • In 2019, Merck company came in agreement with the California based advanced material player Intermolecular Inc. and represented an equity value of US$62 million
  • In 2017, Merck Company announced the acquisition of BioControl Systems Inc. a leading food safety testing company and acquisition of Natrix Separations. This strategic partnership is in accordance with strong product portfolio of the company.

Major Market Segments Covered:

By Type

  • 5-MTHF Calcium Salt
  • 5-MTHF Glucosamine Salt

By Form

  • Tablets
  • Capsules
  • Powder
  • Lozenges
  • Gummies
  • Others

By End-User

  • Food & Beverages
  • Pharmaceuticals & Nutraceuticals
  • Agriculture & Feed
  • Others

By Geography

  • North America
      • U.S.
      • Canada
  • Europe
      • Germany
      • France
      • United Kingdom
      • Rest of Europe
  • Asia Pacific
      • China
      • Japan
      • India
      • Southeast Asia
      • Rest of Asia Pacific
  • Latin America
      • Brazil
      • Rest of Latin America
  • Middle East & Africa (MEA)
      • GCC
      • North Africa
      • South Africa
      • Rest of Middle East & Africa

Why should you invest in this report?

If you are aiming to enter the global folate market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for folate are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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