The global folic acid market is estimated to grow at a CAGR of nearly 4.5% during the forecast period. The major factors contributing to the market growth include a significant prevalence of anemia and emerging applications in pharmaceuticals and dietary supplements. As per the World Health Organization (WHO), 42% of children below 5 years of age and 40% of pregnant women globally are anemic. As per the World Bank, in 2016, there were 32.8% women of reproductive age (15-49) suffering from anemia globally. Nutritional deficiencies, especially iron deficiency, deficiencies in folate, and lack of vitamins A and B12 are some major causes of anemia.
Get Free Sample link @ https://www.omrglobal.com/request-sample/folic-acid-market
Anemia is caused by either a reduction in the production of red blood cells or hemoglobin or rise in the loss or destruction of red blood cells. These results in an emerging demand for folic acid (Vitamin B9) that enables the body to make healthy red blood cells. Certain foods and drinks, such as dark green vegetables and citrus juices, are primarily good sources of folate, which is highly crucial in women of childbearing age. During pregnancy, a folate deficiency can lead to birth defects. Most people get an adequate amount of folate from food. Several foods contain additional folate which is in the form of folic acid, for prevention of deficiency.
A full report of Global Folic Acid Market available @ https://www.omrglobal.com/industry-reports/folic-acid-market
- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Folic Acid Market by Form
- Tablets
- Capsules and Softgels
- Powder
- Others
Global Folic Acid Market by Application
- Dietary Supplements
- Pharmaceuticals
- Food and Beverages
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Accord-UK Ltd.
- Amway Corp.
- BASF SE
- Cadila Healthcare Ltd.
- Changzhou Yabang Pharmaceutical Co., Ltd.
- Cipla Ltd.
- Cytoplan Ltd.
- Elmed Life Sciences Pvt. Ltd.
- Emcure Pharmaceuticals Ltd.
- General Nutrition Corp. (GNC)
- Healthy Hey LLP
- INLIFE Pharma Pvt. Ltd.
- Jiangxi Tianxin Pharmaceutical Co., Ltd.
- Kirkman Group Inc.
- Koninklijke DSM N.V.
- Medicamen Biotech Ltd.
- Merck KGaA
- NOW Health Group, Inc.
- The Nature’s Bounty Co.
- West-Coast Pharmaceutical Works Ltd.
- Xinfa Pharmaceutical Co., Ltd.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global folic acid market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/folic-acid-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
