Folate is a water-soluble B9 vitamin. Folate is the
generic term used for both natural folate and folic acid (synthetic folate).
Natural sources of folate are liver, dark green leafy vegetables, beans, wheat
germ, yeast, egg yolk, milk and dairy products, beets, orange juice, and whole
wheat bread. Besides this, folate is also added in the form of folic acid to
few staple foods by fortification. It is also widely used as a dietary
supplement in case of folic acid/folate deficiency. Folate deficiency is one of
the most common vitamin deficiencies and shows symptoms such as tiredness,
irritability, and loss of appetite. Severe folate deficiency leads to
megaloblastic anemia, where the bone marrow produces oversized and immature red
blood cells. Pregnant and breastfeeding women are at a higher risk of vitamin
B9 deficiency because of the rapid tissue growth during pregnancy and the risk
of neural tube defects in the child. Folate is used as a coenzyme in
the metabolism of amino acids, in the synthesis of nucleic acids (DNA and RNA)
to form red blood cells in the bone marrow, conversion of homocysteine into
methionine.
Folate market is expected to be driven by its
growing applications in the food and pharmaceutical industries. Increasing
health awareness amongst consumers and high requirement during pregnancy are
the factors supporting the growth of the global folate market. Various health
agencies are promoting the use of folic acid in food grains, pulses and
convenience foods. For instance, the U.S. Public Health Service and CDC
recommended that all women of childbearing age must consume 400 mcg of folic
acid on daily basis for prevention of serious birth defects in child. Rising
purchasing power of consumers along with their increasing preference for
nutraceuticals and convenience foods are likely to escalate the demand for
folic acid in the near future. However, high doses of folate might cause
abdominal cramps, diarrhea, rash, sleep
disorders, irritability, confusion, nausea, stomach upset,
behavior changes, skin reactions, seizures, gas, excitability, and other side
effects. Higher intake of folate increases the risk of twin pregnancy and past
few incidents of developing cancer. This has led to government interference in
the selling of folate-based medicines in the open market to prevent drug abuse.
These health hazards can restrict the growth of the global folate market.
Global Key Players:
·
Zydus
Cadila
·
Koye
Pharmaceuticals Pvt Ltd.
·
Medicamen
Biotech Limited.
·
Emcure
Pharmaceuticals Limited
·
Synokem
Pharmaceuticals Ltd.
·
Jiangxi
Tianxin Pharmaceutical Co. Ltd.
·
Anhui
Shengda Pharmaceutical Ltd.
·
Shanghai
Fine Chemicals Co., Ltd Inc
·
Shangdong
Hongzhi Biotechnology Co., Ltd
·
Lincoln
Pharmaceuticals
·
Bio-Med
Pvt. Ltd
·
Synokem
Pharma
·
Glyco
Labs.
Regional Analysis:
The global folate market is spanned across five
regions namely Asia Pacific, North America, Europe, Latin America, and the
Middle East & Africa. Asia Pacific is leading the global folate market,
followed by North America, the Middle East & Africa, Europe, and Latin
America.
Asia Pacific accounted for the largest folate market
demand due to the high folate deficiency. Countries in Asia Pacific that having
a high prevalence of megaloblastic anemia are India, Pakistan, Bangladesh, Sri
Lanka. Furthermore, rising disposable income to supplement increasing health
awareness is augmented the folate demand.
North America accounted for the second largest
market for folate due to developed health awareness and high disposable income.
For instance, fortification of folic acid to wheat flour is now mandatory in
the U.S. and Canada.
The Middle East & Africa is anticipated to
witness a high demand for folate to curb the increasing cases of anemia.
Furthermore, the folate market is relatively mature in Europe and Latin America
and is expected to remain same over the forecast period.
Market Segmentation:
The global folate market can be segmented based on
sources, type, and end-use industry.
On the basis of the sources, the global folate
market is categorized into natural food sources, fortified foods, and dietary
supplements.
On the basis of the type, the global folate market
is segmented into food folate, folic acid, 5 MTHF calcium salts, and 5 MTHF
glucosamine salt.
On the basis of end-use Industry, the global folate
market can be segmented into the food industry and pharmaceutical industry.
On the basis of regions, the global folate market
is segmented into Asia Pacific, North America, Europe, Latin America, and
Middle East & Africa.
Intended Audience
- Folate market manufacturers
- Traders and distributors of
folate
- Production process industries
- Potential investors
- Raw material suppliers
- Nationalized
laboratory
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