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.
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%.
The global Folic Acid market was 130 million US$ in 2018 and is expected to 190 million US$ by the end of 2025, growing at a CAGR of 4.8% between 2019 and 2025.
This report studies the Folic Acid market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Folic Acid in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
By the product type, the market is primarily split into
By the end users/application, this report covers the following segments
Food and Beverage
Cosmetic, Health Supplements and Medicine
We can also provide the customized separate regional or country-level reports, for the following regions:
Rest of Asia-Pacific
Rest of Europe
Central & South America
Rest of Central & South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives of this report are:
To study and analyze the global Folic Acid market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
To understand the structure of Folic Acid market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Folic Acid manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Folic Acid with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Folic Acid submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Folic Acid are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million USD) and volume (MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Folic Acid market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Raw material suppliers
Regulatory bodies, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade associations and industry bodies
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Folic Acid market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.