Vitamin B9 (Folic Acid) Market Top Key Players Analysis by Global Scope, Trend and Demands to 2022

Global Vitamin B9 (Folic Acid) Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. Vitamin B9 is also termed as folic acid or folate and it helps the body to convert food (carbohydrates) into fuel (glucose), which is then used to produce energy. Folic acid is the synthetic form of B9 and mainly found in fortified foods and supplements, whereas, folate occurs naturally in foods. It is mainly used for the treatment of folic acid deficiency; help the nervous system function properly, and for the treatment of various types of anemia.

These vitamins are water-soluble and the body does not store them. In combination with vitamins B6 and B12 and other nutrients, vitamin B9 helps to control blood levels of the amino acid homocysteine. Vitamin B9 (Folic Acid) Market is segmented based on product type, end users, applications, and region.

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Product types such as Pharmaceutical Grade, Food Grade, Feed Grade, and others classify Vitamin B9 (Folic Acid) Market. End users such as Pharmaceutical Industry, Food Industry, Feed Industry, Medical Industry, and others classify Vitamin B9 (Folic Acid) Industry. Applications into Nutraceuticals, Food & Beverages, Pharmaceuticals, and others classify Vitamin B9 (Folic Acid) Market. Vitamin B9 (Folic Acid) Market is segmented geographically Americas (North America, Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.

Globally, Asia Pacific accounts for the largest market share of Vitamin B9 (Folic Acid) Market and is estimated to lead the overall market in the years to come. Medical and therapeutic sectors are the major consumer of Vitamin B9 (Folic Acid) in this region. The reason being, rising investment in product innovation, growing manufacturing base, use of advanced technologies and expertise, and Research and development sectors. China is a key producer of Folic Acid. This is mainly due to the execution of the Environmental Protection Law.

The key players of Vitamin B9 (Folic Acid) Market are Jiheng Pharmaceutical, DSM, Niutang, BASF, Bio-Rad Laboratories, Hoffmann-La Roche, Novartis, Becton, BioMerieux, Dickinson and Company, Siemens Healthineers, Beckman Coulter, Abbott Laboratories, and Xinfa Pharmaceutical. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Vitamin B9 (Folic Acid) in these regions, from 2012 to 2022 (forecast), covering

• North America

• Europe

• China

• Japan

• Southeast Asia

• India

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