Folic Acid and Folate Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 1.8 Billion by 2033 at a CAGR of 4.5% from 2026 to 2033.
The global Folic Acid and Folate Market was valued at USD 1.4 billion in 2022, and it is projected to expand at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030. The markets growth is driven by the increasing awareness of the health benefits of folic acid and folate in preventing birth defects, promoting healthy pregnancy, and supporting overall health. In 2022, North America dominated the market with a share of approximately 40%, owing to the rising health consciousness, extensive supplementation usage, and the adoption of fortified food products in the region. The market in North America is estimated to reach USD 560 million by 2030. Europe followed closely with a market share of around 25%, driven by the rising healthcare expenditure, higher adoption of preventive healthcare, and government initiatives aimed at improving maternal health. The European market is anticipated to grow to USD 350 million by 2030. The Asia Pacific region is also witnessing rapid growth in the folic acid and folate market, driven by rising urbanization, growing awareness about maternal health, and an increasing number of healthcare initiatives in countries like India and China. The APAC market is expected to experience a CAGR of 8.5%, reaching USD 290 million by 2030.
In terms of opportunities, the folic acid and folate market is witnessing significant growth in emerging economies due to the increasing penetration of dietary supplements and fortified foods. This growth is largely fueled by the expanding middle class population, improving healthcare infrastructure, and increasing investments in maternal health programs. The market is also expected to experience growth in the vegan and vegetarian segments, where folate rich supplements are increasingly in demand. Latin America and the Middle East and Africa are projected to show substantial growth, with the Latin American market estimated to grow at a CAGR of 7.8%, reaching USD 150 million by 2030. The Middle East and Africa market is expected to see a growth rate of 6.5%, with a projected value of USD 80 million by 2030, due to the increasing focus on preventive healthcare and improving nutrition awareness in the region.
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Xinfa Pharmaceutical
Niutang
Zhejiang Shengda
Changzhou Xinhong
Jiheng Pharmaceutical
Changshu Kangrui
DSM
BASF
Gnosis
Xinfa 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. 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 Folic Acid and Folate Market
Folic Acid
Folate
Tablets
Capsules
Powders
Liquid
Dietary Supplements
Fortified Food Products
Pharmaceuticals
Adults
Pregnant Women
Children
Online Retail
Pharmacy/Drug Stores
Supermarkets/Hypermarkets
Health Stores
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 Folic Acid and Folate 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 Folic Acid and Folate Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Folic Acid and Folate Market, By Type
6. Global Folic Acid and Folate Market, By Application
7. Global Folic Acid and Folate Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Folic Acid and Folate Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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