Global Folinic Acid Market by Form, By Application and by Region

The GMI Research presumes the global Folinic acid market will boom during the forecast period due to the increasing demand for dietary supplements among consumers. Individuals shifted towards preventive health management facilities, rise in healthcare costs further created the Folinic acid market opportunities globally. 

Introduction of the Folinic Acid Market

Folinic acid is also referred to as calcium folinate naturally occurring form of folic acid. Folinic acid is used as a medication to lower the toxic effects of the anticancer drug methotrexate or other substances that block the action of folic acid. It is a water-soluble vitamin needed by the human body to ma red blood cells. It helps in treating different types of anemia and is used to cure advanced colorectal cancer. Folinic acid can be taken orally or via injection to fulfill the nutritional deficiency in the human body. 

Key Players of the Market

·         BASF SE

·         Jiangxi Tianxin Pharmaceutical Co. Ltd

·         Medicamen Biotech Ltd

·         Xinjiang Wujiaqu Xingnong Cycle Chemical Company Ltd

·         Pharmaceuticals Ltd

·         DSM N.V

·         Parchem Fine & Specialty Chemicals

·         Emcure Pharmaceuticals Ltd

Folinic Acid Market Dynamics

The significant forces steering the demand of the Global Folinic Acid market include the growing usage of folinic acid in a broad range of applications and augmenting demand for a dietary supplement. Besides, the inclination of individuals toward preventive health management practices, increasing burden of lifestyle disease, and rising healthcare cost booming the dietary supplements. DNA replication also needed folic acid. It is used during conception through dietary supplements to decrease the risk of neural tube defects in newborn babies. Folinic acid presents in the form of vitamin B9 and vitamin B12, which are essential to support the development of a baby’s skeleton, and nervous system as a balanced diet and nutrition are mandatory during pregnancy. Therefore, the rising demand for dietary supplements is burgeoning the growth of the market. However, regular intake of high doses of folinic acid can cause health problems; this factor is responsible for hampering the market growth.

Form Segmentation Market Drivers

The tablets segment is ameliorating to rise at a faster CAGR during the forecast period.  It is because of increasing the preference of customers toward tablets. B9 tablets are consumed regularly for the average body growth and development of an individual. However, its usage is safe for consumption and does not cause any side effects.

Application Segmentation Market Drivers

The pharmaceutical industry foresees to rise faster CAGR during the forecast period due to its exceptional benefits like reducing homocysteine levels, neural tube defects, and cancer chances. A high intake of folinic acid can protect against certain cancers such as pancreas, gut, lung, and breast cancer. Besides, an adequate amount of folinate acid helps in decreasing homocysteine, an inflammatory molecule linked to the development of heart diseases. Thus, such advantages of folinic acid in the pharmaceutical industry propel the growth of the market.

Geographical Drivers

Europe region is forecasted to grow at a higher CAGR over the forecast period, owing to the high demand for the product due to the meticulous regulations about the consumption of additional nutraceuticals coupled with the growing prominence on proper diet patterns. Therefore, the favorable government amendment and policies are further escalating the market growth in the region. On the other hand, the Asia-Pacific region is estimated to rise at a faster CAGR during the forecast period. It is because of the rising investment in R&D and product innovations in this region. The demand for nutritional food products and growing awareness of healthy food in countries like India and China is preparing the market growth in Asia-Pacific. 

Global Magnetic Sensor 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

• North America

o   The United States of America

o   Canada

 

• Europe

o    The United Kingdom

o    Germany

o    France

o    Spain

o    Rest of Europe

 

• Asia Pacific

o   China

o   India

o   Japan

o   Rest of APAC

 

• RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of RoW

 

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