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The global folic acid market was estimated to be worth USD 751.4 million in 2018 and is anticipated to grow at a CAGR of 4.1% from 2019 to 2026.
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Folic Acid Market Set to Exceed $1.04 Billion By 2026 | CAGR 4.1% “Folic Acid Market Share, Size, Trends, & Industry Analysis Report, By Applications (Pharmaceuticals, Food & Beverage, Nutraceuticals, Others) By Regions, Segment Forecast, 2019 - 2026”
Folic Acid Market Estimate & Forecast to 2026 The global folic acid market size estimated to be worth of USD 1.04 billion by 2026 and is projected to grow at a CAGR of 4.1 % over the forecast period. Folic acid, is a form of water-soluble vitamin. Folate is found naturally in food, and folic acid is its synthetic form. Okra, fruits, asparagus, mushrooms, meats, tomato juice, orange juice, lettuce, spinach, and broccoli are some of the natural sources of folate. It is used for the proper functioning as well as the development of the human body. It is instrumental in the production of the human body DNA. Folic acid is abundantly available in natural sources. However due to various reasons such as malabsorption, poor dietary habits, prolonged illness, and side effects of drugs, many people witness a deficiency of the vitamin. Development of enhanced drug delivery systems which effectively deliver the vitamin in the human body combined with the rising cases of folic acid deficiency is expected to benefit the market demand. Folic acid finds various health applications and is used for treating folate deficiency which his caused due to low blood folate levels. The symptoms of the disease include anemia, and the inability to absorb nutrients properly. Other diseases that can be prevented and treated with folic acid include kidney dialysis, liver disease, alcoholism as well as ulcerative colitis.
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Folic Acid Market Estimate & Forecast to 2026 Folic acid is used to treat a variety of ailments relating to age. They are used to treat Alzheimer’s disease, memory loss, hearing loss as well as AMD or age – related macular disease. IT is also used to reduce the aging signs, weak bones, restless leg syndrome, nerve pain, sleep problems, depression, vitiligo, muscle pain and rare diseases such as the Fragile – X syndrome. It is also used to offset the harmful effects of medicines such as methotrexate and lometrexol. The rise in geriatric population across the globe is expected to benefit the global folic acid market demand over the forecast period. Access Research Report On Folic Acid Market Some of the notable market participants include BASF SE, Koninklijke DSM N.V., Zydus Pharmaceuticals Ltd., Medicamen Biotech Ltd., Emcure Pharmaceuticals Ltd., Jiangxi Tianxin Pharmaceutical Co. Ltd., Xinjiang WujiaquXingnong Cycle Chemical Co. Ltd., Changzhou Niutang Chemical Plant Co. Ltd., Shandong Xinfa Pharmaceutical Co., Ltd., and Hebei Jiheng Group Pharmacy Co Ltd among others.
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