North America Vitamin B9 (Folic Acid) Market was valued at USD 0.08 Billion in 2022 and is projected to reach USD 0.14 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The North American Vitamin B9 (Folic Acid) market has seen a steady rise due to its crucial role in maintaining health. Folic acid, a synthetic form of Vitamin B9, is essential for cell growth, tissue repair, and the production of red blood cells. This vitamin is particularly important for pregnant women, as it helps prevent neural tube defects in the fetus. As a result, the demand for folic acid has surged in industries such as food and beverages, pharmaceuticals, and dietary supplements.
In the food and beverage industry, folic acid is commonly added to fortified foods such as cereals, bread, and snacks to ensure people meet their recommended daily intake. The health-conscious trend in North America has driven manufacturers to include folic acid in various fortified products, making it accessible to a broader population. Additionally, the increasing awareness about its health benefits has encouraged consumers to opt for folic acid-enriched products.
The pharmaceutical industry also heavily depends on folic acid for the production of supplements and medications. Folic acid supplements are recommended for pregnant women, people with certain medical conditions, and individuals suffering from nutritional deficiencies. Pharmaceutical companies are focusing on improving the bioavailability of folic acid to enhance its effectiveness, which has further fueled market growth.
Dietary supplements containing folic acid are widely available, catering to individuals who require additional amounts of the vitamin. With the rising popularity of preventive healthcare, people are increasingly seeking supplements to boost their overall health, creating a significant demand for folic acid in the dietary supplement market.
The North American Vitamin B9 (Folic Acid) market continues to expand with growing awareness of its importance and its widespread use across industries, from food and beverages to healthcare and supplements.
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DSM
BASF
Xinfa Pharmaceutical
Niutang
Jiheng Pharmaceutical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Vitamin B9 (Folic Acid) Market
Food Industry
Feed Industry
Medical Industry
Based on Types the Market is categorized into Below types that held the largest Vitamin B9 (Folic Acid) market share In 2023.
Food Grade
Feed Grade
Pharmaceutical Grade
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Vitamin B9 (Folic Acid) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Vitamin B9 (Folic Acid) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Vitamin B9 (Folic Acid) Market, By Type
6. North America Vitamin B9 (Folic Acid) Market, By Application
7. North America Vitamin B9 (Folic Acid) Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Vitamin B9 (Folic Acid) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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