Global Vitamin B9 Market Overview:
Folic acid is also known as vitamin B9, is a form of the water-soluble vitamin which is required by the body to manufacture red blood cells. It is involved in the normal body growth & development, production of genetic materials such as DNA and RNA and several other bodily functions. It is synthetically produced and also found in fortified supplements and foods. The product is found in plants, fruits, and animal others. Vitamin B9 demand is owing to the increasing trend for a healthy lifestyle and balanced diet requirements.
- Increasing Health Awareness among Consumers Regarding the Consumption of Healthy Food
- Rising Disposable Income and Increasing Urbanization
- Rising Demand for Dietary Supplements
- Recent Developments in Medicine and Pharmaceuticals Sector
- Stringent Government Rules and Regulation
- Cause of Concern If High Doses Taken for Long Period of Time
- Growing Awareness About the Product and Its Advantages
Some of the key players profiled in the report are BASF (Germany), Tyson Foods (United States), Maple leaf Foods (Canada), DSM (Netherlands), Amazing Nutrition(United States), Nature's Best(United Kingdom), NOW Foods(United States), Nutricost(United States), Invite Health(United States) and Health Leads(United Kingdom). Additionally, following companies can also be profiled that are part of our coverage like Medicamen Biotech ltd VitaminVillage(PH), NATURE' S BOUNTY(CN), Nature's Way(AU), Zenith Nutrition(IN), Hebei Jiheng Group Pharmacy Co Ltd, Shandong Xinfa Pharmaceutical Co., Ltd., Changzhou Niutang Chemical Plant Co. Ltd., Emcure Pharmaceuticals Ltd., Medicamen Biotech Ltd. and Zydus Pharmaceuticals Ltd.. Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Vitamin B9 market by 2024. Considering Market by Disease, the sub-segment i.e. Alzheimer's will boost the Vitamin B9 market. Considering Market by Source Type, the sub-segment i.e. Vegetables (Spinach, Broccoli, Lettuce, Okra, and Others) will boost the Vitamin B9 market. Considering Market by Form Type, the sub-segment i.e. Tablets will boost the Vitamin B9 market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Vitamin B9 market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Vitamin B9 market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Raw material suppliers, Distributors/traders/wholesalers/suppliers, Chemical traders, suppliers, and distributors, Regulatory bodies, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade associations and industry bodies and End-use industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.