Folate

Folate Market Size Valuation Will Reach to US$ 1,514.97 Million by 2030 Folate Market - Global Industry Analysis, Size, Share, Growth, Trends Analysis, Regional Outlook and Forecasts, 2021 - 2030

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[150+ Pages Report] The folate market size in terms of value is projected to reach $ 1,514.97 million by 2027, at a CAGR of 6% between 2021 and 2030, according to a 2021 study by Precedence Research, the Canada based market insight company.

The study 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 global folate market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the folate industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Crucial factors accountable for market growth are:

  • Growing demand for folic acid in nutraceuticals and pharmaceuticals industries
  • Health awareness among consumers
  • Increasing adoption of folic acid for reduction of risk of neural tube birth defects and to treat kidney diseases

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Report Highlights:

  • On the basis of type, 5-MTHF calcium salt segment is expected hold largest revenue share and the 5-MTHF Glucosamine Salt segment is anticipated to register substantial CAGR during the forecast time-frame.
  • On the basis of end-use, Pharmaceuticals & Nutraceuticals end use segment registered for the largest revenue with noteworthy share in 2020. In the nutraceuticals industry, this substance is used in the manufacture of supplemental vitamin capsules, powders, and cosmetics. The Food & beverages end-use is expected at substantial CAGR during the forecast time-frame.
  • On the basis of form, global market is segregated as gummies, capsules, lozenges, powder, tablets, and others. Tablet segment will dominate the target market in the near future owing to its increasing demand worldwide. Powder form is expected register maximum CAGR during the forecast time-frame.
  • Merck, Koninklijke DSM N.V, are foremost player in the global industry estimated for the remarkable share of the global folate market. The growth is accredited to various commercial strategies adopted by the enterprise.

Report Coverage:

Report Scope Details
Market Size USD 1,514.97 million by 2030
Growth Rate CAGR of 6% from 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Type, Form , End User
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Medicamen Biotech Ltd., Koninklijke DSM N.V, Superior Supplement Manufacturing, Gnosis SPA, Seidler Chemical Co, Inc., Shandong Xinfa Pharmaceutical Co., AIE Pharmaceuticals, Inc., Hebei Jiheng Group Pharmacy Co Ltd.

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.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the 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

Market Segmentation

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

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights of the report are:

  • Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Precedence Research presents the most precise rate of growth for the market for the assessment period starting from 2021 – 2030.
  • Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
  • Competitive Landscape Analysis – Some of the leading companies operating in the folate market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

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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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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