Overview:

The global folate market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Folate is a form of Vitamin B₉ and is also referred as folacin. Folate is preferred in diet during pregnancy for fetal development, avoid birth defects, and improve blood circulation. It is a folic acid, which is converted to use in dietary supplements. Additionally, folate is used for food fortification owing to its high stability during food processing and storage.

Market Dynamics:

Growing awareness about physical health among individuals worldwide is a major factor driving demand for the consumption of folate. Consumers preferring folated based food supplements due to its health benefits. This is a key factor driving growth of the global folate market. Additionally, rising consumer base especially in emerging countries and growing number of pregnancy cases are some other leading factors resulting in target market growth.

In addition, increasing demand for dietary supplements owing to increasing income level, growing health expenditure, and economic growth of the many countries is expected to fuel growth of the target market in the near future.

However, side effects associated with high dosage of folate such as nausea, irritability, skin reactions, sleep disorders, and many more is affecting growth of the global folate market to a certain extent.

Key Trends:

Growing government support for inclusion of folate in the diet is a key trend witnessed in the global folate market. For instance, in April 2020, the Consumer NZ (Consumers' Institute of New Zealand) has announced that, it is supporting to put folic acid in non-organic bread making flour to reduce the rising incidence of birth defects in the country. This kind of initiatives expected to drive growth of the target market in the near future.

Regional Analysis:

For detailed understanding of market dynamics, the global folate market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region dominated the global market with highest market share in the year 2019 and is expected to maintain its dominance over the forecast period. This is owing to presence of high consumer base and leading pharmaceutical and food & beverage manufacturers in countries in the region. In addition, rising product advertising through various social media platforms and rising number of health supplement sales outlets are other factors propelling growth of the folate market in the region.

However, the target market in the North America and Europe regions is expected to witness significant growth over the forecast period. High awareness about the food supplements and its health benefits among general population is a key factor supporting growth of the target market in these regions.

Scope of the Report:

Detailed Segmentation:

Global Folate Market, By Type:

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

Global Folate Market, By Form:

• Tablet
• Capsule
• Powder
• Lozenges
• Gummies
• Other Forms

Global Folate Market, By Application:

• Food & Beverages
• Pharmaceuticals & Nutraceuticals
• Agriculture & Feed
• Other Applications

Key Players Covered:

Key players operating in the global market includes Gnosis SPA, Merck & Co., Inc., BASF SE, Koninklijke DSM N.V, Medicamen Biotech Ltd., Emcure Pharmaceuticals Ltd., Hebei Jiheng Group Pharmacy Co Ltd., Jiangxi Tianxin Pharmaceutical Co. Ltd., Seidler Chemical Co, Inc., and Changzhou Niutang Chemical Plant Co. Ltd.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Folate Market by type, form, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2019 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global folate market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.