Folic Acid, also called vitamin B9, is a type of water-soluble B vitamin that is naturally present in some foods, added to others, and available as a dietary supplement.
Key players in details:
DSM, BASF, Xinfa Pharmaceutical, Niutang, Zhejiang Shengda, Changzhou Xinhong, Jiheng Pharmaceutical, Changzhou Kangrui, Jiangxi Tianxin and Others.
The worldwide market for Folic Acid is expected to grow at a CAGR of roughly 4.8% over the next five years, will reach 170 million US$ in 2024, from 130 million US$ in 2019, according to recent research.
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Market is segmented on the basis Type, Application and Region:
Global Folic Acid Market segment by type: Feed Grade, Food Grade, Pharmaceutical Grade.
Global Folic Acid Market Segment by Applications: Animal Feeding, Food and Beverage, Cosmetic, Health Supplements and Medicine.
Scope of the Report:
The Folic Acid industry concentration is very high; there are several manufacturers in the world, and located in Europe and China.
Shandong Sinobioway is the Niutang players, it takes about 1/4 of the global market production, but for sales revenue, BASF take a market share of around 25% due to its product are only DC grade, which price is far higher than other ones. In the current folic acid production process, synthetic routes within the industry are basically the same, the difference is mainly reflected in two areas: how to reduce pollution and improve yield. So the prices of different players in China are very closed.
In the applications, animal feeding is a majority ones, it takes around 3/4 of the total sales, but its growth rate can not match up with the food and medical ones. The key consumption markets locate at Europe, Americas and China. The Europe takes the market share of 32%, followed by North America with 29%, China with 20%.
Folic Acid market report comprises key factor which can be useful for any new player in the industry. It is possible due to comparative analysis and overview that is provided in the report. By focusing on all the details in the report, it is more than enough for any newcomers entering the industry so that they can get a better knowledge and study the market before making any strategic decision.
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Geographically, this report is segmented into several key Regions, with Sales, Sales, revenue, Market Share (%) and Growth Rate (%) of product in these regions, from 2017 to 2024 (forecast), covering United States, North America (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.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa), RoW (Rest of World).
There are 15 Chapters to deeply display the global Folic Acid market:
Chapter 1, to describe Folic Acid Market Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Folic Acid, with sales, revenue, and price of Folic Acid Market, in 2016 and 2017;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Folic Acid, for each region, from 2013 to 2019;
Chapter 5, 6, 7, 8 and 9, to analyze the Folic Acid Market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2019;
Chapter 12, Folic Acid market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024;
Chapter 13, 14 and 15, to describe Folic Acid Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source
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