Folate Market Size, Share, Growth Report 2030

The Global Folate Market Size is set for rapid growth over the forecast period. In terms of revenue, the global Folate market accounted for USD 726.70 Million in 2019 and is expected to reach USD 1,036.23 Million by 2026, growing at a CAGR of 5.20%

Request Free Sample

Global Folate Market: Overview

Folate or folic acid is a vitamin B-9, which is important for the formation of red blood cells and for healthy cell growth and function. Nutrients are important for reducing the risk of birth defects in the brain and spine during early pregnancy.

Folate is primarily found in dark green leafy vegetables, peas, nuts, and beans. Fruits high in folate are lemons, oranges, melons, strawberries, and bananas. Folic acid is the synthetic form of folate. It is an important element of prenatal vitamins and is present in many fortified foods such as pasta and cereals.

Folate deficiency can result from a diet lacking foods rich in folate or folic acid. It can also affect people with conditions such as celiac disease, as it prevents the small intestine from consuming nutrients from food. This condition is known as malabsorption syndrome.

Global Folate Market: Growth Factors

The key factors driving the growth of the folic acid market are the growing demand for dietary supplements and the increasing use of folic acid in a wide variety of applications, ranging from food & beverages to pharmaceuticals. The increasing customer perception of safe food consumption and growth in disposable income and urbanization have also contributed to the growth of the market.

Research has shown that neural tube birth defects can be avoided with folic acid supplements. Regularly taking prenatal vitamins, specifically three months before conception may help expectant mothers to get enough of this important nutrient. Folic acid supplements can also assist individuals with inadequate diets or conditions that interfere with the ability of the body to absorb folate. All these factors are projected to drive the demand for the folic acid market.

Global Folate Market Report Scope:

Global Folate Market: Segmentation

The application segment is divided into food beverages, pharmaceuticals, nutraceuticals, and others.

In the pharmaceutical industry, folic acid is commonly used in nutritional therapy for the treatment of nervous system and urinary disorders, and cardiovascular diseases. Research has also proven its benefits for birth defects, depression, dementia, and even to even reduce the risk of cancers.

In the nutraceuticals industry, this product is used in the manufacture of supplemental vitamin tablets, powders, and cosmetics. It is commonly used as a skincare product for expectant mothers in the cosmetics industry.

Folate is available as an oral preparation, either in conjunction with other vitamins and minerals or as an aqueous solution for infusion purposes. It is widely used in a number of food items such as cereal, flour, soft drinks, salt, beverages and baby food. Increased consumer demand from end-users is anticipated to accelerate the supply and demand of vitamin B9 during the forecast period.

Global Folate Market: Regional Analysis

By Geography, the folate market is segmented into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa.

Asia Pacific is expected to see rapid growth during the forecast era, mainly due to growing demand for nutritious food products and increasing awareness of healthy foods, especially in China and India. The region's biggest cash cow is the therapeutic and medical industries. Huge investments in product development and research and development facilities are frequently seen in the region. An increased production base in the sector, coupled with the introduction of advanced technologies and expertise, is predicted to affect regional growth in the next nine years.

The development of folic acid materials has been impressive in Europe. Such demand was due to the presence of strict control on the intake of additional nutraceuticals including the proper diet. In addition, it is predicted that the European Union's favorable regulations and reforms will boost regional development over the forecast period.

Global Folate Market: Competitive Players

The major players in the global folate market include 

• BASF SE
• DSM N.V.
• Emcure Pharmaceuticals Ltd.
• Jiangxi Tianxin Pharmaceutical Co. Ltd.
• Medicamen Biotech Ltd.
• Zydus Pharmaceuticals Ltd.

The report segment of the global folate market are as follows:

Global Folate Market: Type Segment Analysis

• Tablets
• Soft Gels
• Lozenges
• Others

Global Folate Market: Source Segment Analysis

• Vegetables
• Fruits
• Others

Global Folate Market: Application Segment Analysis

• Food & Beverages
• Pharmaceutical
• Nutraceuticals
• Others

Global Folate Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa