New York, NY -- (SBWIRE) -- 02/19/2021 -- The Global Folic Acid market is forecast to reach USD 1.07 Billion by 2027, according to a new report by Reports and Data. Folic acid may be referred to as the synthetic form of vitamin B9. It is also known as pteroylmonoglutamic acid. The rising awareness about the health impact due to the deficiency of this vitamin like anemia, mouth ulcer, among others, is supporting the market growth. Increasing awareness about women health and care during pregnancy is also fostering sector growth. The consumption of this acid in the required amount prior and at the time of pregnancy helps in preventing neural tube defects along with spinal bifida. Its intake in high doses prior and at the time of the first trimester reduces the risk of miscarriages. Apart from its use in the healthcare sector, it is also used in processed food products and supplements. Its supplements can be used for treating the deficiency of folate, and it is also helpful in treating leg ulcers and certain menstrual issues.

In regards to region, North America can be seen to hold a considerable share of the market. The market share held by the region is attributed to high awareness about the adverse impact of deficiency of this vitamin and associated high demand for nutritional supplements, supporting the expansion of the market in this region.

Competitive Outlook:

Zydus Pharmaceuticals Ltd., BASF SE, Jiangxi Tianxin Pharmaceutical Co. Ltd., Medicamen Biotech Ltd., Emcure Pharmaceuticals Ltd, DSM N.V, Shandong Xinfa Pharmaceutical Co., Ltd., Changzhou Kangrui., Niutang, Jiheng Pharmaceutical and Xinjiang Wujiaqu Xingnong Cycle Chemical Co. Ltd.

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COVID-19 Impact Assessment:

The latest report sums up the major changes in the global business sector that took place as a repercussion of the COVID-19 outbreak. Having impacted the global Folic Acid market in an unfavorable manner, the pandemic has significantly disrupted the market dynamics and trends. The public health emergency adversely affected the global supply chains and resulted in acute volatility in product prices and demand. However, industry experts believe that the global Folic Acid market will regain traction in the post-COVID scenario. The report also offers a broad assessment of the pandemic's preliminary and future impacts on this lucrative market.

For the purpose of this report, the market has been segmented on the basis of type, applications, business model, components and regional analysis.

Grade Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)

Pharmaceutical Grade
Food Grade
Others

Form Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)

Soft Gels
Lozenges
Tablets
Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2027)

Food & beverages
Pharmaceutical
Nutraceutical
Others

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Further key findings from the report suggest:

The Folic Acid market is segmented by type into magnetic systems, acousto-magnetic systems, microwave systems and radio frequency systems. The radio frequency segment dominates the market with an approx. CAGR of 3.92% in the forecast period, since is relatively cheaper, making it an economical choice for small and mid-level retailers. Moreover, the smaller sized tags and labels can be another bane to the RF systems market.

The Folic Acid market is segmented by application into supermarkets, apparel stores, cosmetics/pharmacy, and fashion accessories stores. The market for supermarkets segment is expected to witness highest growth of CAGR 3.72% during the forecast period, maximum reports of theft and uplifting reported in thie s segment.

The Folic Acid Market is segmented by Geography into North, America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America, since has started an early adoption of the EAS systems, is expected to witness the highest growth in its CAGR 4.14% during the forecast period….Continue

Table of Content:

Chapter 1. Market Synopsis

1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2016 – 2026

Chapter 3. Indicative Metrics

3.1. Macro Indicators
3.1.1. Global adoption of shopping complexes
3.1.2. Contribution of advanced technologies
3.1.3. Increasing demand for anti-theft solutions at retail markets

Chapter 4. Folic Acid Market Segmentation & Impact Analysis

4.1. Folic Acid Market Segmentation Analysis
4.2. Industrial Outlook
4.3. Regulatory Framework
4.4. Folic Acid Market Impact Analysis
4.4.1. Market driver analysis

Continue….

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