South Korea Folate Market Trends, Opportunities, Analysis | Key Players, Types, Applications, Regional Analysis
Folate Market Overview:
Folate, often known as vitamin B9, is well-known for its
role in promoting a healthy pregnancy and foetal development. Due to its
increased safety, it is a synthetic folate molecule that is used in nutrient
upgrades and enhanced foods. Additionally, it identifies a considerable
application in the pharmaceutical industry as a critical fixing to prevent
weakness. The Folate Market is predicted to grow at a 5.57 percent
compound annual growth rate from 2022 to 2030, reaching USD 1.22 billion by the
end of 2030.
The South
Korea Folate Market is witnessing notable growth propelled by the
country's burgeoning healthcare industry and increasing consumer awareness of
the importance of nutrition. Folate, essential for cell growth and metabolism,
holds significance in South Korea's dietary supplements and functional foods
sector. With South Korean consumers prioritizing preventive healthcare and
seeking products to support overall health and well-being, the demand for
folate supplements is on the rise. Moreover, government initiatives promoting health
and wellness further contribute to the market's expansion in South Korea. As a
result, South Korea emerges as a key market for folate suppliers aiming to tap
into the Asia-Pacific region's growing nutritional supplements market.
Market Dynamics:
The great majority of new firms seeking to enter the market
have either obtained natural leeway or offered an explanation for their
ecological impact. As a result of fresh beginnings, costs are beginning to
decline.
The growing interest in folic corrosive in nutraceutical and
pharmaceutical ventures, as well as in the braced beverage business, is
expected to promote interest in folic corrosive during the anticipated time
period. Millennials, children of postwar America, and women are the major
consumer segments driving the global market for folic acid.
Another significant driver of the folate market is the
rising fertility rate of women, particularly in the Asia Pacific region. Folic
corrosive may be harmful if used in large doses over an extended period of
time. Increased folate intake may result in stomach cramps, runs, rash,
restlessness, touchiness, disarray, nausea, stomach trouble, behavioural
changes, skin reactions, seizures, gas, and volatility, among other adverse
effects. This has resulted in government opposition to the open market sale of
folate-based medications aimed at preventing chronic drug addiction.
Competitive Dynamics:
The notable Key Folate Market Players are Zydus Cadila, Koye
Pharmaceuticals Pvt Ltd., Medicamen Biotech Limited., Emcure Pharmaceuticals
Limited, Synokem Pharmaceuticals Ltd., Jiangxi Tianxin Pharmaceutical Co. Ltd.,
Anhui Shengda Pharmaceutical Ltd., Shanghai Fine Chemicals Co., Ltd Inc, Shangdong
Hongzhi Biotechnology Co., Ltd, Lincoln Pharmaceuticals, Bio-Med Pvt. Ltd,
Synokem Pharma, and Glyco Labs.
Segmentations:
The global Folate Market
is split by source, type, and industry of application.
The global folate market is segmented by source into natural
food sources, fortified foods, and dietary supplements. Natural and dietary
supplements are used in greater quantities than fortified forms of folates,
owing to the growing consumer desire for nutrition.
The global folate market is categorised on the basis of type
into food folate, folic acid, 5 MTHF calcium salts, and 5 MTHF glucosamine
salt. Among these varieties, the folic acid market is leading the worldwide
folate market, owing to rising consumer health awareness. The ease of
absorption of 5 MTHF calcium salts and 5 MTHF glucosamine salts, on the other
hand, is predicted to drive demand in the near future.
The global folate market may be split by end-use industry
into the food and pharmaceutical industries. Both the food and nutraceutical
businesses are predicted to grow rapidly as customer preferences shift toward
health and nutrition.
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Markt
für Nahrungsergänzungsmittel: Informationen nach Typ (Vitamine,
Mineralien, Aminosäuren und Proteine, Probiotika, Mischungen und andere), Form
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ナッツバター市場:製品タイプ(ピーナッツ、アーモンド、カシュー、ヘーゼルナッツなど)、カテゴリ別(従来型およびオーガニック)、流通チャネル別(店舗ベース
[スーパーマーケット&ハイパーマーケット、コンビニエンスストアなど]
および非店舗ベース)および地域(北米、ヨーロッパ、アジア太平洋、およびその他)別の情報世界の)—2030年までの予測
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