The Folinic Acid Market is expected to grow at a significant CAGR during the forecast period (2020-2027).
The factors driving growth of the Folinic Acid Market includes increasing healthcare costs, rising prevalence of diseases such as cancer, and rheumatoid arthritis, growing demand for dietary supplements around the world and improvements in the living standards. Moreover, increasing application of folinic acid across end-use industries such as pharmaceutical, nutrition and food and beverages, rising consumers inclination towards maintaining physical health, growing adoption of advanced technologies by manufacturers, and rapid urbanization, are propelling the market growth. In addition, the increasing investments by leading players on research and development, strategic partnerships and collaborations between companies and growing population growth rates, are further contributing towards the market growth.
However, over dosage of folinic acid over a long period of time may cause health problems, which will hamper the market growth.
The leading players operating in the Folinic Acid Market are Medicamen Biotech Ltd, Xinjiang Wujiaqu Xingnong Cycle Chemical Co. Ltd, Zydus Pharmaceuticals Ltd, DSM N.V, BASF SE, Parchem Fine & Specialty Chemicals, Emcure Pharmaceuticals Ltd., and Jiangxi Tianxin Pharmaceutical Co. Ltd, among others.
Based on Form, the Tablets segment is predicted to grow at a robust CAGR during the forecast period
Tablet based fulminic acid is increasingly consumed during pregnancy and reduces the risks of genetic disabilities, are propelling the segment’s growth
Based on Application, the pharmaceutical segment is projected to grow at a faster CAGR over the forecast period
Fulminic acid is increasingly used in the pharmaceutical industry because it lowers homocysteine levels, reduces the risks of lung, gut, and breast cancers, are some of the factors pushing growth of the segment.
Based on Region, the Europe region is anticipated to grow at a remarkable CAGR during the forecast period
As per the Folinic Acid Market Analysis, presence of the leading players such as DSM N.V and BASF SE, growing demand for nutraceutical products, rapid industrialization, rising population growth rates and high disposable income, are some of the important factors supporting the market growth in the Europe region.
Market Segmentation
Segmentation by Form
· Tablets
· Soft Gels
· Lozenges
· Others
Segmentation by Source
· Vegetables
· Fruits
· Others
Segmentation by Application
· Food & Beverages
· Pharmaceutical
· Nutraceuticals
· Others
Segmentation by Region
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· North America
o United States of America
o Canada
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
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