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Vitamin B9 Market - Global Growth, Trends and Forecast (2022 - 2029) By Types, By Application, By Regions and By Key Players: NOW Foods, Vitamin Village, Nature's Way, Amazing Nutrition

24 Jun, 2022 | 131 Pages
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Over the next Forecast years the Vitamin B9 market will register a 6.2% CAGR in terms of revenue, the global market size will reach USD 1,514.99 million by 2029.

Vitamin B9 Market Overview

Folate, also known as vitamin B9, is most noted for its role in supporting a healthy pregnancy and fetal development. It is a synthetic folate compound used in vitamin supplements and fortified food because of its increased stability. It is also find a major application in the pharmaceutical industry, as a key ingredient to prevent anemia.

The use of advanced medical technologies for manufacturing high-quality folic acid tablets to be used as an essential supplement during pregnancy is expected to impact future market growth positively. Vitamin B9 consumption helps to minimize the risk of congenital disabilities such as neural tube defects (NTDs/) in infants.

Vitamin B9 well-known for its role in supporting a healthy pregnancy along with the fetal development. As a main ingredient for anemia prevention, it is also commonly used in the pharmaceutical industry. Vitamin B9 is used by women as a dietary supplement to prevent the creation of neural tube imperfections during pregnancy. It is a form of long-term supplementation that is also associated with minor reductions in the risk of cardiovascular disease and stroke. A major factor driving demand for the consumption of vitamin B9-based products and the internal growth of the target industry is increasing health consciousness among consumers worldwide.

What is our Vitamin B9 Market report scope?

 

Report Attributes

 

 

Report Details

 

Forecast Period 2022 to 2029 CAGR

 

CAGR of 6.2% during the review period (2022 to 2029).

 

By Type

  • Tablets
  • Capsules
  • Others

 

By Application

  • Supermarkets
  • Retail Pharmacies
  • Online Pharmacies

 

 

 By Companies

 

 

 

 

Abbott Laboratories, Phoenix Heart PLLC, Biotronik, Edwards Life Science, GE Healthcare, Boston Scientific Co, Medtronic Plc, Koninklijke Philips (Philips Healthcare), Nihon Kohden Co, Livanova Plc (Sorin)

 

 

Regions Covered

 

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

 

 

 

 

 

 

 

 

Countries Covered

  • US
  • Canada
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • Middle East & Africa
  • Latin America

 

Base Year

 

 

2022

 

Historical Year

 

 

2017 to 2021

Forecast Year

 

2022 to 2029

Number of Pages

131

 

Customization Available

 

 

Yes, the report can be customized as per your needs

Who are the Major Players in Vitamin B9 Market?

The Vitamin B9 Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market NOW Foods, Vitamin Village, Nature's Way, Amazing Nutrition, The Nature's Bounty Co, Nutricost, Nature's Best, Invite Health, Zenith Nutrition, Merck and others.

Industry News:

In May 2019, Merck has launched its new and revamped proprietary product named Arcofolin L-Methyl folate this is a monosodium salt of L-5-methyltetrahydrofolic acid for nutritional and pharmaceutical applications; this is naturally occurring predominant form of folate.

What are the major Applications, Types and Regions for Vitamin B9 Market?

By Type, it is segmented into

  •     Tablets
  •     Capsules
  •     Others

By Applications it is segmented into

  • Supermarkets
  • Retail Pharmacie
  • Online Pharmacies

Vitamin B9 Market Regional Analysis

The Asia-Pacific region contributes the most to the worldwide folate market. China dominates the global folate market in terms of volume, accounting for 80% of the market.North America is expected to have the greatest market share in the study, followed by Europe and Asia-Pacific. In the North American area, massive investments in product innovation and R&D centers are common. The use of folate materials has increased dramatically in Europe.

The market for mouth ulcer therapy in Asia is predicted to increase rapidly over the next few years, followed by Europe. In Asia, China and India are likely to be the fastest expanding markets.

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Middle East & Africa
    • Latin America

The Vitamin B9 Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Vitamin B9 Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

  1. Introduction
    1. Research Scope
    2. Market Segmentation
    3. Research Methodology
  2. Executive Summary
  3. Market Dynamics
    1. Market Drivers
    2. Market Restraints
  4. Key Insights
    1. Pricing Analysis, By Key Regions, 2022
    2. Price Comparison (USD Per Ton) By Type (Tablets, Capsules, Others) 2021/2022
    3. Price Comparison (USD, Per Ton): By Application (Supermarkets, Retail Pharmacies, Online Pharmacies) 2021/2022
    4. Impact of COVID-19 on the Vitamin B9 Market
    5. Production Share of Vitamin B9, By Region, 2022
    6. Key Industry Developments
  5. Global Vitamin B9 Market Analysis, Insights and Forecast, 2022-2029
    1. Market Analysis, Insights and Forecast – By Application
      1.     Supermarkets
      2.     Retail Pharmacies
      3.     Online Pharmacies
    2. Market Analysis, Insights and Forecast – By Type
      1.     Tablets
      2.     Capsules
      3.     Others
    3. Market Analysis, Insights and Forecast – By Region
      1. North America
      2. Europe
      3. Asia Pacific
      4. Rest of World
  6. Competitive Analysis
    1. Global Market Share Analysis (2021)
    2. Company Profiles (Overview, Products, SWOT analysis, Recent developments, strategies, financials (based on availability))
      1. NOW Foods
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      2. Vitamin Village
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      3. Nature's Way
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)
      4. Amazing Nutrition
        1. Overview,
        2. Products,
        3. SWOT analysis,
        4. Recent developments,
        5. strategies,
        6. financials (based on availability)

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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