Folate is also termed as folic acid and vitamin B9, is one of the key components of the B vitamins. Healthcare experts suggest that an individual must consume folate as a part of daily intake of about 400 micrograms from either dietary supplements or food items. Folate is widely used by pregnant women in order to prevent neural tube defects (NTDs) in the baby and healthy fetal development. Besides, folate is also used for treating anemia caused by folic acid deficiency. It is a form of synthetic folate element used in vitamin supplements and strengthened food items owing to its high stability. In a way folate is used as a prolonged supplementation that is also associated with little amount of reductions in the risk of acquiring cardiovascular disease and stroke. Folate is administered into a human body either orally or through injection to cope up with the nutritional deficiency of an individual. Over 50 countries make use of fortification of some foods with the help of folate to determine and lessen the rate of NTDs in the given population.
Scope of the Report:
This report focuses on the Folate in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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The global folate market is constantly blooming and is said to garner lucrative growth and will register a substantially higher CAGR during the forecast period. One of the most vital market drivers of this industry is increasing healthcare awareness amongst the global population. Rise in the rate of fertility amongst women, specifically in the Asia Pacific region is driving the global market to a positive direction. Increase in the global demand for dietary supplements and rise in the use of folate in a broad variety of applications starting from pharmaceuticals to food and beverages, coupled with escalated disposable income and ascending urbanization, are several factors which are meant to propel the global folate market. Prolonged use of folate in high dosages can prove to be unsafe and result in rash, diarrhea, irritability, abdominal cramps, nausea, upset stomach, seizures, skin reactions, gas, and several other side effects. This has resulted several governments to interfere in the sale of folate based medicines in the open market to avoid abuse of the drug. Because of the swift down fall in the prices of his product, the global folate market has been experiencing the admittance of several novel market players. These new market players pose a threat to the already existing big firms.
The key market manufacturers of the global folate market are
- Gnosis SPA,
- DSM, and Merck.
Geographically, this industry’s market is segmented into North America (USA, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia etc.), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). Based on the type, the market is sectioned into 5-MTHF Calcium Salt and 5-MTHF Glucosamine Salt. Lastly, depending upon the end-user applications, this market is segmented into tablets and empty Capsules.
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