Technavio analysts forecast the global folic acid market to grow at a CAGR of over 4% during the forecast period, according to their latest market research report.
The growing e-commerce platform is one of the major trends being witnessed in the global folic acid market 2018-2022. Online sales of vitamins increased dramatically in recent years, which was mainly due to the retailers efforts in improving the online shopping experience through better online education and targeted marketing. For instance, Amazon sells folic acid to the consumers in more than 50 demographic locations.
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According to Technavio analysts, one of the key factors contributing to the growth of the global folic acid market is the high medical value of folic acid:
Global folic acid market: High medical value of folic acid
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Folic acid is a fully oxidized monoglutamate form of the folate. It is a water-soluble vitamin and is used in dietary supplements and fortified foods. Folic acid is needed in the human body for cell replication and growth. It helps in the formation of DNA and RNA. RNA is needed for protein synthesis of the cells, which is very important for the body. Therefore, rapidly growing tissues such as fetus and rapidly generating cells such as red blood cells and immune cells have a very high need for folic acid.
According to a senior analyst at Technavio for research on life science research tools, Folic acid supplements are essential for pregnant women and also for the women who are planning to become pregnant. Folic acid reduces the risk of congenital disabilities of a babys brain and spine such as a spina bifida and anencephaly by 50% or more.
Global folic acid market: Segmentation analysis
The global folic acid market research report provides market segmentation by application (pharmaceutical, nutraceutical, and others) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the two major applications, the pharmaceutical segment held the largest market share in 2017, contributing to over 43% of the market. This application segment will dominate the global market throughout the forecast period.
The Americas held the largest share of the market in 2017, accounting for close to 40% share, followed by EMEA and APAC respectively. The region is expected to retain its dominant position during the forecast period.
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- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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