DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Folic Acid Market Analysis By Application (Food & Beverages, Pharmaceuticals, Nutraceuticals), By Region (North America, Europe, Asia-Pacific, MEA, CSA), Trends & Dynamics, Competitive Landscape And Segment Forecasts, 2014 – 2025” report to their offering.
The global folic acid market is expected to reach USD 666.2 million by 2025, according to this new report. Growing consumption of vitamin B9 as a source of an essential supplement during pregnancy by women that minimizes the risk of congenital disabilities in infants is anticipated to augment the market demand in the coming years.
Folic acid is required for the metabolism of specific biochemical reactions and cell division in the body. It plays a significant role in the development of the nervous system in the growing fetus. Moreover, it is involved in the formation of red blood cells, supporting the normal development of the neural tube in the fetus. Market drivers include the increasing demand from pharmaceutical and nutraceuticals industry for manufacturing instant folate-rich food products owing to its health benefits.
Improved medical facilities, increasing disposable income and adoption of social programs by the government to encourage healthcare initiatives have led to growing demand folic acid products. Pharmaceuticals dominated the market in 2015, followed by nutraceuticals. Asia Pacific dominated the folic acid market in 2015 due to the high production of the raw material in emerging economies such as China, which is a primary manufacturer of the vitamins globally.
Companies such as BASF SE, Zydus Pharmaceuticals Ltd., Medicamen Biotech Ltd., Jiangxi Tianxin Pharmaceutical Co. Ltd., Koninklijke DSM N.V., and Emcure Pharmaceuticals Ltd. have implemented acquisition and expansion business strategies to increase their geographical presence. Few global players have invested in R&D amenities to discover advanced and innovative folic products with higher efficacy rate and ease of use.
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. Folic Acid Market Variables, Trends & Scope
4. Folic Acid Market: Application Estimates & Trend Analysis
5. Folic Acid Market: Regional Estimates & Trend Analysis
6. Competitive Landscape
7. Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/23f4hz/folic_acid_market