Vitamin B9 (Folic Acid) Market size was valued at USD 1.2 Billion in 2024 and is forecasted to grow at a CAGR of 6.5% from 2026 to 2033, reaching USD 2.0 Billion by 2033.
In 2022, the global Vitamin B9 (Folic Acid) market was valued at approximately USD 1.07 billion, with a compound annual growth rate (CAGR) of 4.0% projected through 2027. The Asia Pacific region led the market, accounting for 41.0% of the global share, driven by a burgeoning pharmaceutical industry, increased demand for food supplements, and heightened awareness of womens health during pregnancy. North America followed, contributing 32.8% to the market, propelled by a high prevalence of folate deficiency anemia and mandatory food fortification programs. Europe held around 20% of the market share, supported by expanding healthcare and pharmaceutical sectors. Latin America and the Middle East & Africa accounted for 8% and 7% of the market, respectively. citeturn0search4turn0search1turn0search2 The Indian folic acid market generated USD 81.9 million in 2024 and is projected to reach USD 118.9 million by 2030, growing at a CAGR of 6.4% from 2025 to 2030. This growth is fueled by increasing awareness of folic acids health benefits, particularly in preventing neural tube defects, and government initiatives promoting supplementation. In terms of applications, the food & beverages segment was the largest revenue generator in 2024, while the pharmaceuticals segment is expected to be the fastest growing during the forecast period.
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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. 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 Global Vitamin B9 (Folic Acid) Market
Tablets
Capsules
Liquid Supplements
Powdered Forms
Functional Foods
Nutritional Supplements
Pharmaceuticals
Food and Beverages
Cosmetics and Personal Care Products
Animal Feed
Healthcare Professionals
Pregnant Women
Children and Adolescents
Adults
Senior Citizens
Online Retailers
Pharmacies and Drugstores
Supermarkets and Hypermarkets
Health and Wellness Stores
Direct Sales
Synthetic Folic Acid
Naturally Derived Folic Acid
Fortified Foods
Co-formulations with Other Vitamins
Custom Blends for Specific Health Needs
US (United States, US 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 Global 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. Global Vitamin B9 (Folic Acid) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Vitamin B9 (Folic Acid) Market, By Type
6. Global Vitamin B9 (Folic Acid) Market, By Application
7. Global Vitamin B9 (Folic Acid) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Vitamin B9 (Folic Acid) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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