Folate Market Growth | 2021 to 2031
The Folate Market is expected to register a CAGR of 7.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented byType (5 MTHF Calcium Salt, 5 MTHF Glucosamine Salt). The report is segmented by Application (Food and Beverages, Pharmaceuticals and Nutraceuticals, Agriculture and Feed, Others) . The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Folate Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Folate Market Segmentation
Type- 5 MTHF Calcium Salt
- 5 MTHF Glucosamine Salt
- Food and Beverages
- Pharmaceuticals and Nutraceuticals
- Agriculture and Feed
- Others
Strategic Insights
Folate Market Growth Drivers- Rising Awareness of the Health Benefits of Folate: Augmenting awareness regarding the health perks of folate has been a critical fount that has pumped the levels of intake regarding folate-containing foods and supplements, particularly in young women. Since folate is believed to have been capable of reducing the risk of NTDs (neural tube defects), concerned governments and health organizations have been announcing the necessity of folate supplementation. It is, thus, interesting to observe the trend of increased consumption of folate supplements as fortified foods among people aware of folate's importance for general health.
- Increasing Global Prenatal Supplementing: Prenatal care has become an integral part of maternal health internationally. Folate supplementation has been part of prenatal multivitamins, which is one leading universal driver of folate demand across various markets. In developing countries, which have poorly managed health systems and insufficient nutrition, governments and NGOs have initiated new efforts toward promoting folate supplementation in their campaigns to lower NTD incidences, and this has become another driver of growth in the market.
- Health and Wellness Trends: The grand global trend toward healthiness and wellbeing has seen increased utilisation of dietary supplements, including folate. Consumers are more active in maintaining good health in anticipation of chronic diseases, and optimum functions of the body are to be promoted. This trend has translated into increased demand for vitamins, particularly folate, for properties that support cellular health, heart health, and general wellness.
- Increased Focus on Natural and Bioavailable Folate Sources: There is increased emphasis on natural and bioavailable folate sources. While synthetic folic acid is commonly used in supplements and for food fortification, a great majority of consumers would prefer to take natural forms of folate such as methylfolate (the bioactive form of vitamin B9). Synthetic folic acid raises awareness of other potential problems, such as unmetabolized folic acid in the bloodstream. There has been a shift toward more bioavailable, natural forms of folate found in supplements and fortified foods.
- Rising Trends of Personalized Nutrition: It is very much on the move and includes personalized nutrition, where diets and supplements are tailor-made to the individual's genetic profile. Such developments can be considered as entering the folate segment, as more and more individuals become interested in folate-fortified supplements based on the predispositions dictated by their individual genotypes (for example, mutations in the MTHFR gene relating to the metabolism of folate). Given this increasing customer engagement with personalized health services, a specific opportunity is provided to folate products to develop solutions that meet such individualized need.
- Expansion of Vegan and Plant-Based Folate Products: Need for plant-based diets is increasingly going hands in hands with the developing need of people that want a vegan-friendly folate supplement. Unlike synthetic folic acid, which often contains animal-derived components, the plant sources of folate (leafy greens, legumes, and fortified plant-based foods) are growing in importance. Correspondingly, as the past has seen many supplements and fortified plant products being served with vegan supplements in response to organic, health-conscious consumers, so are the reassurances today for folate.
- Untapped Potential in Developing Markets: Several developing countries still suffer from nutritional problems, particularly deficiencies in folate intake. This manifests a huge opportunity for folate producers to enter the folds of emerging markets where the fortification of folate would be an effective intervention in public health, together with the supplementation of folate. It would likely result in continued nations and nonprofit funding for projects aimed at increasing the intake of folate in such regions as city states with a high incidence of NTDs, thereby creating business opportunities for companies dealing in folate products.
- Expansion of Dietary Supplement Market: The dietary supplement industry is growing with a global contour as a result of increased consumer awareness regarding the necessity of preventive healthcare. Folate supplements are one of the major segments that are expected to gain popularity among various consumers in the transition towards taking folate-rich supplements. Realistically, innovative product forms catering to different tastes could include folate supplements in tablet, gummy, or powder form.
- Increased Demand for Folate-Rich Functional Foods: Folate-enriched products, such as fortified snacks, beverages, and meal replacements, have great promise because of an increase in consumer interest in such functional foods. There is also a great opportunity for these companies to add new innovations to their product lines in terms of folate enrichment with the developing health-seeking behavior trends.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Folate Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Folate Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Players operating in the market are Zydus Cadila, Koye Pharmaceuticals Pvt Ltd., Medicamen Biotech Limited., Emcure Pharmaceuticals Limited, Synokem Pharmaceuticals Ltd., Jiangxi Tianxin Pharmaceutical Co. Ltd., Anhui Shengda Pharmaceutical Ltd., Shanghai Fine Chemicals Co., Shangdong Hongzhi Biotechnology Co.
Pharmaceuticals and Nutraceuticals segment, by application, dominated the market in 2023.
North America region dominated the Folate market in 2023.
Expansion of Dietary Supplement Market act as a opportunity for growth of the market in forecast period.
The Folate Market is estimated to witness a CAGR of 7.5% from 2023 to 2031
The major factors driving the Folate Market are:
1. Rising Awareness of the Health Benefits of Folate
2. Increasing Global Prenatal Supplementing
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Folate Market - By Type
1.3.2 Folate Market - By Application
1.3.3 Folate Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FOLATE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. FOLATE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. FOLATE MARKET - GLOBAL MARKET ANALYSIS
6.1. FOLATE - GLOBAL MARKET OVERVIEW
6.2. FOLATE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. FOLATE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. 5 MTHF CALCIUM SALT
7.3.1. Overview
7.3.2. 5 MTHF Calcium Salt Market Forecast and Analysis
7.4. 5 MTHF GLUCOSAMINE SALT
7.4.1. Overview
7.4.2. 5 MTHF Glucosamine Salt Market Forecast and Analysis
8. FOLATE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FOOD AND BEVERAGES
8.3.1. Overview
8.3.2. Food and Beverages Market Forecast and Analysis
8.4. PHARMACEUTICALS AND NUTRACEUTICALS
8.4.1. Overview
8.4.2. Pharmaceuticals and Nutraceuticals Market Forecast and Analysis
8.5. AGRICULTURE AND FEED
8.5.1. Overview
8.5.2. Agriculture and Feed Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. FOLATE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Folate Market Overview
9.1.2 North America Folate Market Forecasts and Analysis
9.1.3 North America Folate Market Forecasts and Analysis - By Type
9.1.4 North America Folate Market Forecasts and Analysis - By Application
9.1.5 North America Folate Market Forecasts and Analysis - By Countries
9.1.5.1 United States Folate Market
9.1.5.1.1 United States Folate Market by Type
9.1.5.1.2 United States Folate Market by Application
9.1.5.2 Canada Folate Market
9.1.5.2.1 Canada Folate Market by Type
9.1.5.2.2 Canada Folate Market by Application
9.1.5.3 Mexico Folate Market
9.1.5.3.1 Mexico Folate Market by Type
9.1.5.3.2 Mexico Folate Market by Application
9.2. EUROPE
9.2.1 Europe Folate Market Overview
9.2.2 Europe Folate Market Forecasts and Analysis
9.2.3 Europe Folate Market Forecasts and Analysis - By Type
9.2.4 Europe Folate Market Forecasts and Analysis - By Application
9.2.5 Europe Folate Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Folate Market
9.2.5.1.1 Germany Folate Market by Type
9.2.5.1.2 Germany Folate Market by Application
9.2.5.2 France Folate Market
9.2.5.2.1 France Folate Market by Type
9.2.5.2.2 France Folate Market by Application
9.2.5.3 Italy Folate Market
9.2.5.3.1 Italy Folate Market by Type
9.2.5.3.2 Italy Folate Market by Application
9.2.5.4 Spain Folate Market
9.2.5.4.1 Spain Folate Market by Type
9.2.5.4.2 Spain Folate Market by Application
9.2.5.5 United Kingdom Folate Market
9.2.5.5.1 United Kingdom Folate Market by Type
9.2.5.5.2 United Kingdom Folate Market by Application
9.2.5.6 Rest of Europe Folate Market
9.2.5.6.1 Rest of Europe Folate Market by Type
9.2.5.6.2 Rest of Europe Folate Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Folate Market Overview
9.3.2 Asia-Pacific Folate Market Forecasts and Analysis
9.3.3 Asia-Pacific Folate Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Folate Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Folate Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Folate Market
9.3.5.1.1 Australia Folate Market by Type
9.3.5.1.2 Australia Folate Market by Application
9.3.5.2 China Folate Market
9.3.5.2.1 China Folate Market by Type
9.3.5.2.2 China Folate Market by Application
9.3.5.3 India Folate Market
9.3.5.3.1 India Folate Market by Type
9.3.5.3.2 India Folate Market by Application
9.3.5.4 Japan Folate Market
9.3.5.4.1 Japan Folate Market by Type
9.3.5.4.2 Japan Folate Market by Application
9.3.5.5 South Korea Folate Market
9.3.5.5.1 South Korea Folate Market by Type
9.3.5.5.2 South Korea Folate Market by Application
9.3.5.6 Rest of Asia-Pacific Folate Market
9.3.5.6.1 Rest of Asia-Pacific Folate Market by Type
9.3.5.6.2 Rest of Asia-Pacific Folate Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Folate Market Overview
9.4.2 Middle East and Africa Folate Market Forecasts and Analysis
9.4.3 Middle East and Africa Folate Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Folate Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Folate Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Folate Market
9.4.5.1.1 South Africa Folate Market by Type
9.4.5.1.2 South Africa Folate Market by Application
9.4.5.2 Saudi Arabia Folate Market
9.4.5.2.1 Saudi Arabia Folate Market by Type
9.4.5.2.2 Saudi Arabia Folate Market by Application
9.4.5.3 U.A.E Folate Market
9.4.5.3.1 U.A.E Folate Market by Type
9.4.5.3.2 U.A.E Folate Market by Application
9.4.5.4 Rest of Middle East and Africa Folate Market
9.4.5.4.1 Rest of Middle East and Africa Folate Market by Type
9.4.5.4.2 Rest of Middle East and Africa Folate Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Folate Market Overview
9.5.2 South and Central America Folate Market Forecasts and Analysis
9.5.3 South and Central America Folate Market Forecasts and Analysis - By Type
9.5.4 South and Central America Folate Market Forecasts and Analysis - By Application
9.5.5 South and Central America Folate Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Folate Market
9.5.5.1.1 Brazil Folate Market by Type
9.5.5.1.2 Brazil Folate Market by Application
9.5.5.2 Argentina Folate Market
9.5.5.2.1 Argentina Folate Market by Type
9.5.5.2.2 Argentina Folate Market by Application
9.5.5.3 Rest of South and Central America Folate Market
9.5.5.3.1 Rest of South and Central America Folate Market by Type
9.5.5.3.2 Rest of South and Central America Folate Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. FOLATE MARKET, KEY COMPANY PROFILES
11.1. ZYDUS CADILA
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. KOYE PHARMACEUTICALS PVT LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. MEDICAMEN BIOTECH LIMITED.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. EMCURE PHARMACEUTICALS LIMITED
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. SYNOKEM PHARMACEUTICALS LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. JIANGXI TIANXIN PHARMACEUTICAL CO. LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ANHUI SHENGDA PHARMACEUTICAL LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SHANGHAI FINE CHEMICALS CO.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SHANGDONG HONGZHI BIOTECHNOLOGY CO.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. LINCOLN PHARMACEUTICALS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
11.11. BIO-MED PVT. LTD
11.11.1. Key Facts
11.11.2. Business Description
11.11.3. Products and Services
11.11.4. Financial Overview
11.11.5. SWOT Analysis
11.11.6. Key Developments
11.12. SYNOKEM PHARMA
11.12.1. Key Facts
11.12.2. Business Description
11.12.3. Products and Services
11.12.4. Financial Overview
11.12.5. SWOT Analysis
11.12.6. Key Developments
11.13. GLYCO LABS.
11.13.1. Key Facts
11.13.2. Business Description
11.13.3. Products and Services
11.13.4. Financial Overview
11.13.5. SWOT Analysis
11.13.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Zydus Cadila
2.Koye Pharmaceuticals Pvt Ltd.
3.Medicamen Biotech Limited.
4.Emcure Pharmaceuticals Limited
5.Synokem Pharmaceuticals Ltd.
6.Jiangxi Tianxin Pharmaceutical Co. Ltd.
7.Anhui Shengda Pharmaceutical Ltd.
8.Shanghai Fine Chemicals Co.
9.Shangdong Hongzhi Biotechnology Co.
10.Lincoln Pharmaceuticals
11.Bio-Med Pvt. Ltd
12.Synokem Pharma
13.Glyco Labs.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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