Product ID: UCMIG35I2201
Report ID:
UCMIG35I2201 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2015, the global market size for folic acid reached approximately USD 665.2 million, indicating a significant demand for this essential vitamin in various industries. The market's value reflected the widespread use of folic acid in pharmaceuticals, dietary supplements, and fortified food products. Factors such as increasing awareness about the importance of folic acid in preventing birth defects, growing health-consciousness among consumers, and the inclusion of folic acid in government-mandated fortification programs contributed to the market's growth during that period.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Pharmaceuticals by segment aggregation, the contribution of the Pharmaceuticals in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG35I2201