Folate market is expected to be driven by
its growing applications in the food and pharmaceutical industries. Increasing
health awareness amongst consumers and high requirement during pregnancy are
the factors supporting the growth of the global folate market. Various health
agencies are promoting the use of folic acid in food grains, pulses and
convenience foods. For instance, the U.S. Public Health Service and CDC
recommended that all women of childbearing age must consume 400 mcg of folic
acid on daily basis for prevention of serious birth defects in child.
Rising purchasing power of consumers
along with their increasing preference for nutraceuticals and convenience foods
are likely to escalate the demand for folic acid soon. However, high doses of
folate might cause abdominal cramps, diarrhea, rash, sleep
disorders, irritability, confusion, nausea, stomach upset,
behavior changes, skin reactions, seizures, gas, excitability, and other side
effects. Higher intake of folate increases the risk of twin pregnancy and past
few incidents of developing cancer. This has led to government interference in
the selling of folate-based medicines in the open market to prevent drug abuse.
These health hazards can restrict the growth of the global folate market.
Global Key Players:
Ø
Anhui Shengda
Pharmaceutical Ltd.
Ø
Shanghai Fine
Chemicals Co., Ltd Inc
Ø
Shangdong
Hongzhi Biotechnology Co., Ltd
Ø
Lincoln
Pharmaceuticals
Ø
Bio-Med Pvt.
Ltd
Ø
Zydus Cadila
Ø
Koye
Pharmaceuticals Pvt Ltd.
Ø
Medicamen
Biotech Limited.
Ø
Emcure Pharmaceuticals
Limited
Ø
Synokem
Pharmaceuticals Ltd.
Ø
Jiangxi
Tianxin Pharmaceutical Co. Ltd
Ø
Synokem Pharma
Ø
Glyco Labs
Market
segmentation:
The global folate market is segmented based on sources, type, and end-use
industry.
On the basis of the sources, the global folate market is categorized into
natural food sources, fortified foods, and dietary supplements. The natural and
dietary supplements are consumed majorly as compared to fortified forms of
folates due to increasing demand for nutrition amongst consumers.
On the basis of the type, the global folate market is segmented into food
folate, folic acid, 5 MTHF calcium salts, and 5 MTHF glucosamine salt.
Amongst these types, the folic acid market is driving the global folate
market due to increasing health awareness amongst consumers. However, easy
absorption advantages of 5 MTHF calcium salts and 5 MTHF glucosamine salt is
expected to witness high demand in the near future.
On the basis of end-use Industry, the global folate market can be segmented
into the food industry and pharmaceutical industry. Both the food and
nutraceuticals industries are expected to witness a high growth owing to the
shift in the consumer preference towards health and nutrition.
The Folate Industry is spanned
across five regions namely Asia Pacific, North America, Europe, Latin America,
and the Middle East & Africa. Asia Pacific is leading the global folate
market, followed by North America, the Middle East & Africa, Europe, and
Latin America.
Asia Pacific accounted for the largest
folate market demand due to the high folate deficiency. Countries in Asia
Pacific that having a high prevalence of megaloblastic anemia are India,
Pakistan, Bangladesh, Sri Lanka. Furthermore, rising disposable income to
supplement increasing health awareness is augmented the folate demand.
North America accounted for the second
largest market for folate due to developed health awareness and high disposable
income. For instance, fortification of folic acid to wheat flour is now
mandatory in the U.S. and Canada.
The Middle East & Africa is
anticipated to witness a high demand for folate to curb the increasing cases of
anemia. Furthermore, the folate market is relatively mature in Europe and Latin
America and is expected to remain same over the forecast period.
Intended Audience
- Folate market manufacturers
- Traders and distributors of folate
- Production process industries
- Potential investors
- Raw material suppliers
- Nationalized laboratory
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