Folate Market by Type (Tablets, Soft Gels, Lozenges, Others) by Source (Vegetables, Fruits, Others) by Application (Food & Beverages, Pharmaceutical, Nutraceuticals, Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Published Date: 08-Feb-2021 Category: Food & Beverage Report Format : PDF Pages: 110 Report Code: ZMR-5791 Status : Published

The Folate market is set for a rapid growth over the forecast period. In terms of revenue, the global Folate market accounted for USD 726.70 Million in 2019 and is expected to reach USD 1,036.23 Million by 2026, growing at a CAGR of 5.20%

Description

The Folate market is set for a rapid growth over the forecast period. In terms of revenue, the global Folate market accounted for USD 726.70 Million in 2019 and is expected to reach USD 1,036.23 Million by 2026, growing at a CAGR of 5.20%

Global Folate Market: Overview

Folate or folic acid is a vitamin B-9, which is important for the formation of red blood cells and for healthy cell growth and function. Nutrients are important for reducing the risk of birth defects in the brain and spine during early pregnancy.

Folate is primarily found in dark green leafy vegetables, peas, nuts, and beans. Fruits high in folate are lemons, oranges, melons, strawberries, and bananas. Folic acid is the synthetic form of folate. It is an important element of prenatal vitamins and is present in many fortified foods such as pastas and cereals.

Folate deficiency can result from a diet lacking foods rich in folate or folic acid. It can also affect people with conditions such as celiac disease, as it prevents the small intestine from consuming nutrients from food. This condition is known as malabsorption syndrome.

Global Folate Market: Growth Factors

The key factors driving the growth of the folic acid market are the growing demand for dietary supplements and the increasing use of folic acid in a wide variety of applications, ranging from food & beverages to pharmaceuticals. The increasing customer perception of safe food consumption, and growth in disposable income and urbanization have also contributed to the growth of the market.

Research has shown that neural tube birth defects can be avoided with folic acid supplements. Regularly taking prenatal vitamins, specifically three months before conception may help expectant mother to get enough of this important nutrient. Folic acid supplements can also assist individuals with inadequate diets or conditions that interfere with the ability of the body to absorb folate. All these factors are projected to drive the demand for the folic acid market.

Global Folate Market: Segmentation

The application segment is divided into food beverages, pharmaceuticals, nutraceuticals, and others.

In the pharmaceutical industry, folic acid is commonly used in nutritional therapy for the treatment of nervous system and urinary disorders, and cardiovascular diseases. Researches have also proved its benefits for birth defects, depression, dementia, and even to even reduce the risk of cancers.

In the nutraceuticals industry, this product is used in the manufacture of supplemental vitamin tablets, powders and cosmetics. It is commonly used as skin care products for expectant mothers in the cosmetics industry.

Folate is available as an oral preparation, either in conjunction with other vitamins and minerals or as an aqueous solution for infusion purposes. It is widely used in a number of food items such as cereal, flour, soft drinks, salt, beverages and baby food. Increased consumer demand from end-users is anticipated to accelerate supply and demand of vitamin B9 during the forecast period.

Global Folate Market: Regional Analysis

By Geography, the folate market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa.

Asia Pacific is expected to see rapid growth during the forecast era, mainly due to growing demand for nutritious food products and increasing awareness of healthy foods, especially in China and India. The region's biggest cash cow is the therapeutic and medical industries. Huge investments in product development and research and development facilities are frequently seen in the region. Increased production base in the sector, coupled with the introduction of advanced technologies and expertise, is predicted to affect regional growth in the next nine years.

The development of folic acid materials has been impressive in Europe. Such demand was due to presence of strict control on the intake of additional nutraceuticals including the proper diet. In addition, it is predicted that the European Union's favorable regulations and reforms will boost regional development over the forecast period.

Global Folate Market: Competitive Players

The major players in the global folate market include BASF SE, DSM N.V., Emcure Pharmaceuticals Ltd., Jiangxi Tianxin Pharmaceutical Co. Ltd., Medicamen Biotech Ltd., and Zydus Pharmaceuticals Ltd. among others.

The report segment of global folate market are as follows:

Global Folate Market: Type Segment Analysis

  • Tablets
  • Soft Gels
  • Lozenges
  • Others

Global Folate Market: Source Segment Analysis

  • Vegetables
  • Fruits
  • Others

Global Folate Market: Application Segment Analysis

  • Food & Beverages
  • Pharmaceutical
  • Nutraceuticals
  • Others

Global Folate Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodulogy
      • 1.3.3. Level 1: Primary Research
      • 1.3.4. Level 2: Secondary Research
      • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
  • Chapter 2. Executive Summary
    • 2.1. Global Fulate Market, 2016-2026, (USD Million)
    • 2.2. Fulate Market: Market snapshot
  • Chapter 3. Global Fulate Market – Industry Analysis
    • 3.1. Introduction
    • 3.2. Industry ecosystem analysis
    • 3.3. Technulogy landscape
    • 3.4. Market Drivers
      • 3.4.1. North America
      • 3.4.2. Europe
      • 3.4.3. Asia Pacific
      • 3.4.4. Latin America
      • 3.4.5. MEA
    • 3.5. Restraints
    • 3.6. Opportunity
    • 3.7. Innovation & sustainability
    • 3.8. Regulatory landscape
    • 3.9. Porter’s Five Forces Analysis
    • 3.10. PESTLE Analysis
    • 3.11. Fulate Market: Market Attractiveness Analysis
      • 3.11.1. Market Attractiveness Analysis by Type Segment
      • 3.11.2. Market Attractiveness Analysis by Source Segment
      • 3.11.3. Market Attractiveness Analysis by Application Segment
  • Chapter 4. Global Fulate Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2019
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions and Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Cullaborations and Joint Ventures
      • 4.2.4. Research & Development and Regional Expansion
  • Chapter 5. Fulate Market – Type Segment Analysis
    • 5.1. Global Fulate Market Revenue Share, by Type, 2019 & 2026 (USD Million)
    • 5.2. Global Fulate Market by Tablets, 2016 – 2026 (USD Million)
    • 5.3. Global Fulate Market by Soft Gels, 2016 – 2026 (USD Million)
    • 5.4. Global Fulate Market by Lozenges, 2016 – 2026 (USD Million)
    • 5.5. Global Fulate Market by Others, 2016 – 2026 (USD Million)
  • Chapter 6. Fulate Market – Source Segment Analysis
    • 6.1. Global Fulate Market Revenue Share, by Source, 2019 & 2026 (USD Million)
    • 6.2. Global Fulate Market by Vegetables, 2016 – 2026 (USD Million)
    • 6.3. Global Fulate Market by Fruits, 2016 – 2026 (USD Million)
    • 6.4. Global Fulate Market by Others, 2016 – 2026 (USD Million)
  • Chapter 7. Fulate Market – Application Segment Analysis
    • 7.1. Global Fulate Market Revenue Share, by Application, 2019 & 2026 (USD Million)
    • 7.2. Global Fulate Market by Food & Beverages, 2016 – 2026 (USD Million)
    • 7.3. Global Fulate Market by Pharmaceutical, 2016 – 2026 (USD Million)
    • 7.4. Global Fulate Market by Nutraceuticals, 2016 – 2026 (USD Million)
    • 7.5. Global Fulate Market by Others, 2016 – 2026 (USD Million)
  • Chapter 8. Fulate Market - Regional Analysis
    • 8.1. Global Fulate Market: Regional Overview
      • 8.1.1. Global Fulate Market Revenue Share, By Region, 2019 & 2026 (USD Million)
    • 8.2. North America
      • 8.2.1. North America Fulate Market Revenue 2016 – 2026 (USD Million)
      • 8.2.2. North America Fulate Market Revenue, By Type, 2016 – 2026 (USD Million)
      • 8.2.3. North America Fulate Market Revenue, By Source, 2016 – 2026 (USD Million)
      • 8.2.4. North America Fulate Market Revenue, By Application, 2016 – 2026 (USD Million)
      • 8.2.5. U.S.
        • 8.2.5.1. U.S. Fulate Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 8.2.5.2. U.S. Fulate Market Revenue, by Source, 2016 – 2026 (USD Million)
        • 8.2.5.3. U.S. Fulate Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 8.2.6. Canada
        • 8.2.6.1. Canada Fulate Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 8.2.6.2. Canada Fulate Market Revenue, by Source, 2016 – 2026 (USD Million)
        • 8.2.6.3. Canada Fulate Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 8.2.7. Mexico
        • 8.2.7.1. Mexico Fulate Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 8.2.7.2. Mexico Fulate Market Revenue, by Source, 2016 – 2026 (USD Million)
        • 8.2.7.3. Mexico Fulate Market Revenue, by Application, 2016 – 2026 (USD Million)
    • 8.3. Europe
      • 8.3.1. Europe Fulate Market Revenue 2016 – 2026 (USD Million)
      • 8.3.2. Europe Fulate Market Revenue, By Type, 2016 – 2026 (USD Million)
      • 8.3.3. Europe Fulate Market Revenue, By Source, 2016 – 2026 (USD Million)
      • 8.3.4. Europe Fulate Market Revenue, By Application, 2016 – 2026 (USD Million)
      • 8.3.5. UK
        • 8.3.5.1. UK Fulate Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 8.3.5.2. UK Fulate Market Revenue, by Source, 2016 – 2026 (USD Million)
        • 8.3.5.3. UK Fulate Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 8.3.6. France
        • 8.3.6.1. France Fulate Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 8.3.6.2. France Fulate Market Revenue, by Source, 2016 – 2026 (USD Million)
        • 8.3.6.3. France Fulate Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 8.3.7. Germany
        • 8.3.7.1. Germany Fulate Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 8.3.7.2. Germany Fulate Market Revenue, by Source, 2016 – 2026 (USD Million)
        • 8.3.7.3. Germany Fulate Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 8.3.8. Italy
        • 8.3.8.1. Italy Fulate Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 8.3.8.2. Italy Fulate Market Revenue, by Source, 2016 – 2026 (USD Million)
        • 8.3.8.3. Italy Fulate Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 8.3.9. Spain
        • 8.3.9.1. Spain Fulate Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 8.3.9.2. Spain Fulate Market Revenue, by Source, 2016 – 2026 (USD Million)
        • 8.3.9.3. Spain Fulate Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 8.3.10. Russia
        • 8.3.10.1. Russia Fulate Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 8.3.10.2. Russia Fulate Market Revenue, by Source, 2016 – 2026 (USD Million)
        • 8.3.10.3. Russia Fulate Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 8.3.11. Rest of Europe
        • 8.3.11.1. Rest of Europe Fulate Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 8.3.11.2. Rest of Europe Fulate Market Revenue, by Source, 2016 – 2026 (USD Million)
        • 8.3.11.3. Rest of Europe Fulate Market Revenue, by Application, 2016 – 2026 (USD Million)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific Fulate Market Revenue 2016 – 2026 (USD Million)
      • 8.4.2. Asia Pacific Fulate Market Revenue, By Type, 2016 – 2026 (USD Million)
      • 8.4.3. Asia Pacific Fulate Market Revenue, By Source, 2016 – 2026 (USD Million)
      • 8.4.4. Asia Pacific Fulate Market Revenue, By Application, 2016 – 2026 (USD Million)
      • 8.4.5. China
        • 8.4.5.1. China Fulate Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 8.4.5.2. China Fulate Market Revenue, by Source, 2016 – 2026 (USD Million)
        • 8.4.5.3. China Fulate Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 8.4.6. Japan
        • 8.4.6.1. Japan Fulate Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 8.4.6.2. Japan Fulate Market Revenue, by Source, 2016 – 2026 (USD Million)
        • 8.4.6.3. Japan Fulate Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 8.4.7. India
        • 8.4.7.1. India Fulate Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 8.4.7.2. India Fulate Market Revenue, by Source, 2016 – 2026 (USD Million)
        • 8.4.7.3. India Fulate Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 8.4.8. Australia
        • 8.4.8.1. Australia Fulate Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 8.4.8.2. Australia Fulate Market Revenue, by Source, 2016 – 2026 (USD Million)
        • 8.4.8.3. Australia Fulate Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 8.4.9. South Korea
        • 8.4.9.1. South Korea Fulate Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 8.4.9.2. South Korea Fulate Market Revenue, by Source, 2016 – 2026 (USD Million)
        • 8.4.9.3. South Korea Fulate Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 8.4.10. Rest of Asia Pacific
        • 8.4.10.1. Rest of Asia Pacific Fulate Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 8.4.10.2. Rest of Asia Pacific Fulate Market Revenue, by Source, 2016 – 2026 (USD Million)
        • 8.4.10.3. Rest of Asia Pacific Fulate Market Revenue, by Application, 2016 – 2026 (USD Million)
    • 8.5. Latin America
      • 8.5.1. Latin America Fulate Market Revenue 2016 – 2026 (USD Million)
      • 8.5.2. Latin America Fulate Market Revenue, By Type, 2016 – 2026 (USD Million)
      • 8.5.3. Latin America Fulate Market Revenue, By Source, 2016 – 2026 (USD Million) Latin America Fulate Market Revenue, By Application, 2016 – 2026 (USD Million)
      • 8.5.4. Brazil
        • 8.5.4.1. Brazil Fulate Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 8.5.4.2. Brazil Fulate Market Revenue, by Source, 2016 – 2026 (USD Million)
        • 8.5.4.3. Brazil Fulate Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 8.5.5. Argentina
        • 8.5.5.1. Argentina Fulate Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 8.5.5.2. Argentina Fulate Market Revenue, by Source, 2016 – 2026 (USD Million)
        • 8.5.5.3. Argentina Fulate Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 8.5.6. Rest of Latin America
        • 8.5.6.1. Rest of Latin America Fulate Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 8.5.6.2. Rest of Latin America Fulate Market Revenue, by Source, 2016 – 2026 (USD Million)
        • 8.5.6.3. Rest of Latin America Fulate Market Revenue, by Application, 2016 – 2026 (USD Million)
    • 8.6. Middle East & Africa
      • 8.6.1. Middle East & Africa Fulate Market Revenue 2016 – 2026 (USD Million)
      • 8.6.2. Middle East & Africa Fulate Market Revenue, by Type, 2016 – 2026 (USD Million)
      • 8.6.3. Middle East & Africa Fulate Market Revenue, by Source, 2016 – 2026 (USD Million)
      • 8.6.4. Middle East & Africa Fulate Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 8.6.5. GCC Countries
        • 8.6.5.1. GCC Countries Fulate Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 8.6.5.2. GCC Countries Fulate Market Revenue, by Source, 2016 – 2026 (USD Million)
        • 8.6.5.3. GCC Countries Fulate Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 8.6.6. South Africa
        • 8.6.6.1. South Africa Fulate Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 8.6.6.2. South Africa Fulate Market Revenue, by Source, 2016 – 2026 (USD Million)
        • 8.6.6.3. South Africa Fulate Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 8.6.7. Rest of MEA
        • 8.6.7.1. Rest of MEA Fulate Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 8.6.7.2. Rest of MEA Fulate Market Revenue, by Source, 2016 – 2026 (USD Million)
        • 8.6.7.3. Rest of MEA Fulate Market Revenue, by Application, 2016 – 2026 (USD Million)
  • Chapter 9. Company Profiles
    • 9.1. BASF SE
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfulio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. *Same information will be provided for below mentioned companies*
      • 9.2.1. DSM N.V.
      • 9.2.2. Emcure Pharmaceuticals Ltd.
      • 9.2.3. Jiangxi Tianxin Pharmaceutical Co. Ltd.
      • 9.2.4. Medicamen Biotech Ltd.
      • 9.2.5. Zydus Pharmaceuticals Ltd.
      • 9.2.6. Others

Methodology


Frequently Asked Questions

The key factors driving the growth of the folic acid market are the growing demand for dietary supplements and the increasing use of folic acid in a wide variety of applications, ranging from food & beverages to pharmaceuticals. The increasing customer perception of safe food consumption, and growth in disposable income and urbanization have also contributed to the growth of the market.

Research has shown that neural tube birth defects can be avoided with folic acid supplements. Regularly taking prenatal vitamins, specifically three months before conception may help expectant mother to get enough of this important nutrient. Folic acid supplements can also assist individuals with inadequate diets or conditions that interfere with the ability of the body to absorb folate. All these factors are projected to drive the demand for the folic acid market.

According to Zion Market Research, the Folate market is expected to generate revenue of around USD 1,036.23 Million by the end of 2026, growing at a CAGR of 5.20%.

By Geography, the Folate market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa.

Asia Pacific is expected to see rapid growth during the forecast era, mainly due to growing demand for nutritious food products and increasing awareness of healthy foods, especially in China and India. The region's biggest cash cow is the therapeutic and medical industries. Huge investments in product development and research and development facilities are frequently seen in the region. Increased production base in the sector, coupled with the introduction of advanced technologies and expertise, is predicted to affect regional growth in the next nine years.

The development of folic acid materials has been impressive in Europe. Such demand was due to presence of strict control on the intake of additional nutraceuticals including the proper diet. In addition, it is predicted that the European Union's favorable regulations and reforms will boost regional development over the forecast period.

The major players in the global folate market include BASF SE, DSM N.V., Emcure Pharmaceuticals Ltd., Jiangxi Tianxin Pharmaceutical Co. Ltd., Medicamen Biotech Ltd., and Zydus Pharmaceuticals Ltd. among others.

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