Folic acid is used to treat a variety of ailments relating to age. They are used to treat Alzheimer's disease, memory loss, hearing loss as well as AMD or age related macular disease. IT is also used to reduce the aging signs, weak bones, restless leg syndrome, nerve pain, sleep problems, depression, vitiligo, muscle pain and rare diseases such as the Fragile X syndrome. It is also used to offset the harmful effects of medicines such as methotrexate and lometrexol. The rise in geriatric population across the globe is expected to benefit the global folic acid market demand over the forecast period. —
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The global folic acid market size estimated to be worth of USD 1.04 billion by 2026 and is projected to grow at a CAGR of 4.1 % over the forecast period. Folic acid, is a form of water-soluble vitamin. Folate is found naturally in food, and folic acid is its synthetic form. Okra, fruits, asparagus, mushrooms, meats, tomato juice, orange juice, lettuce, spinach, and broccoli are some of the natural sources of folate. It is used for the proper functioning as well as the development of the human body. It is instrumental in the production of the human body DNA.
Folic acid is abundantly available in natural sources. However due to various reasons such as malabsorption, poor dietary habits, prolonged illness, and side effects of drugs, many people witness a deficiency of the vitamin. Development of enhanced drug delivery systems which effectively deliver the vitamin in the human body combined with the rising cases of folic acid deficiency is expected to benefit the market demand.
Folic acid finds various health applications and is used for treating folate deficiency which his caused due to low blood folate levels. The symptoms of the disease include anemia, and the inability to absorb nutrients properly. Other diseases that can be prevented and treated with folic acid include kidney dialysis, liver disease, alcoholism as well as ulcerative colitis.
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Folic acid is particularly useful in treating diseases related to pregnancy. Pregnant women are advised to intake folic acid for the prevention of miscarriage. It is also advised to intake folic acid to reduce the occurrence of defects such as spina bifida, a case in which the back and spine do not close.
Some of the notable market participants include BASF SE, Koninklijke DSM N.V., Zydus Pharmaceuticals Ltd., Medicamen Biotech Ltd., Emcure Pharmaceuticals Ltd., Jiangxi Tianxin Pharmaceutical Co. Ltd., Xinjiang Wujiaqu Xingnong Cycle Chemical Co. Ltd., Changzhou Niutang Chemical Plant Co. Ltd., Shandong Xinfa Pharmaceutical Co., Ltd., and Hebei Jiheng Group Pharmacy Co Ltd among others.
Folic acid is also used to treat cervical cancer as well as colon cancer. It can be effective in treating stroke among other heart diseases, and can be effective in lowering the levels of homocysteine, a chemical found in human blood. High homocysteine levels result in high prevalence of heart disease. The rise in cases of heart diseases across the globe and effectiveness of folic acid in treating them is expected to benefit the overall folic acid market growth.
Table of Contents:
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-away
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Folic acid Market Insights
3.1. Folic acid industry snapshot
3.2. Folic acid value chain & distribution analysis
3.3. Folic acid Market dynamics
3.3.1. Folic acid Market driver analysis
3.3.2. Folic acid Market restraint/challenges analysis
3.3.3. Folic acid Market opportunity analysis
3.4. Folic acid Production Trend Analysis, 2011 - 2017
3.5. Industry analysis - Porter's five force
3.6. Folic acid Market PEST analysis
3.7. Folic acid Industry Participants Heat Map Analysis
3.8. Competitive company ranking analysis, 2017
4. Folic acid Market Size and Forecast, By Application (Kilo Tons; USD Million)
5. Folic acid Market Size and Forecast by Regions (Kilo Tons, USD Million)
6. Folic acid Market Company Profiles
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Global Folic Acid Market Insights, Forecast to 2025
Folic Acid, also called vitamin B9, is a type of water-soluble B vitamin that is naturally present in some foods, added to others, and available as a dietary supplement. The Folic Acid industry concentration is very high; there are several manufacturers in the world, and located in Europe and China.Shandong Sinobioway is the Niutang players, it takes about 1/4 of the global market production, but for sales revenue, BASF take a market share of around 25% due to its product are only DC grade, which price is far higher than other ones. In the current folic acid production process, synthetic routes within the industry are basically the same, the difference is mainly reflected in two areas: how to reduce pollution and improve yield. So the prices of different players in China are very closed.
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