The Folate market is set for a 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%
The Folate market is set for a 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%
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 pastas 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.
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 mother 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.
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. Researches have also proved 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 skin care products 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 supply and demand of vitamin B9 during the forecast period.
By Geography, the folate market is segmented into North America, Europe, Latin America, Asia Pacific, and 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. 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 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.
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., and Zydus Pharmaceuticals Ltd. among others.
Global Folate Market: Type Segment Analysis
Global Folate Market: Source Segment Analysis
Global Folate Market: Application Segment Analysis
Global Folate Market: Regional Segment Analysis
List of Figures
1. Global Folate Market Segmentation by Type, Source, Application, and Geography
2. Global Folate Market, 2018-2026 (USD Million)
3. Porter’s Five Forces Analysis: Folate Market
4. Global Folate Market Attractiveness, by Type
5. Global Folate Market Attractiveness, by Source
6. Global Folate Market Attractiveness, by Application
7. Global Folate Market Attractiveness, by Regional
8. Global Folate Market Revenue Share, by Type, 2019 & 2026 (USD Million)
9. Global Folate Market by Tablets, 2016 – 2026 (USD Million)
10. Global Folate Market by Soft Gels, 2016 – 2026 (USD Million)
11. Global Folate Market by Lozenges, 2016 – 2026 (USD Million)
12. Global Folate Market by Others, 2016 – 2026 (USD Million)
13. Global Folate Market Revenue Share, by Source, 2019 & 2026 (USD Million)
14. Global Folate Market by Vegetables, 2016 – 2026 (USD Million)
15. Global Folate Market by Fruits, 2016 – 2026 (USD Million)
16. Global Folate Market by Others, 2016 – 2026 (USD Million)
17. Global Folate Market Revenue Share, by Application, 2019 & 2026 (USD Million)
18. Global Folate Market by Food & Beverages, 2016 – 2026 (USD Million)
19. Global Folate Market by Pharmaceutical, 2016 – 2026 (USD Million)
20. Global Folate Market by Nutraceuticals, 2016 – 2026 (USD Million)
21. Global Folate Market by Others, 2016 – 2026 (USD Million)
22. Global Folate Market Revenue Share, by Region, 2018-2026 (USD Million)
23. North America Folate Market, 2016-2026, (USD Million)
24. Europe Folate market, 2016-2026, (USD Million)
25. Asia Pacific Folate Market, 2016-2026(USD Million)
26. Latin America Folate Market, 2016 – 2026 (USD Million)
27. Middle East & Africa Folate Market, 2016 – 2026, (USD Million)
List of Tables
1. Global Folate market snapshot
2. Drivers for Folate market: Impact analysis
3. Restraints of Folate market: Impact analysis
4. North America Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
5. North America Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
6. North America Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
7. U.S. Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
8. U.S. Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
9. U.S. Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
10. Canada Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
11. Canada Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
12. Canada Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
13. Mexico Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
14. Mexico Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
15. Mexico Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
16. Europe Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
17. Europe Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
18. Europe Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
19. UK Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
20. UK Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
21. UK Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
22. France Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
23. France Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
24. France Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
25. Germany Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
26. Germany Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
27. Germany Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
28. Italy Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
29. Italy Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
30. Italy Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
31. Spain Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
32. Spain Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
33. Spain Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
34. Russia Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
35. Russia Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
36. Russia Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
37. Rest of Europe Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
38. Rest of Europe Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
39. Rest of Europe Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
40. Asia Pacific Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
41. Asia Pacific Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
42. Asia Pacific Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
43. China Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
44. China Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
45. China Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
46. Japan Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
47. Japan Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
48. Japan Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
49. India Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
50. India Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
51. India Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
52. Australia Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
53. Australia Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
54. Australia Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
55. South Korea Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
56. South Korea Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
57. South Korea Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
58. Rest of Asia Pacific Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
59. Rest of Asia Pacific Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
60. Rest of Asia Pacific Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
61. Latin America Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
62. Latin America Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
63. Latin America Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
64. Brazil Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
65. Brazil Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
66. Brazil Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
67. Argentina Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
68. Argentina Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
69. Argentina Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
70. Rest of Latin America Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
71. Rest of Latin America Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
72. Rest of Latin America Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
73. Middle East & Africa Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
74. Middle East & Africa Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
75. Middle East & Africa Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
76. GCC Countries Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
77. GCC Countries Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
78. GCC Countries Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
79. South Africa Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
80. South Africa Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
81. South Africa Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
82. Rest of MEA Folate Market Revenue, By Type, 2016 – 2026 (USD Million)
83. Rest of MEA Folate Market Revenue, By Source, 2016 – 2026 (USD Million)
84. Rest of MEA Folate Market Revenue, By Application, 2016 – 2026 (USD Million)
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 mother 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.
According to Zion Market Research, the Folate market is expected to generate revenue of around USD 1,036.23 Million by the end of 2026, growing at a CAGR of 5.20%.
By Geography, the Folate market is segmented into North America, Europe, Latin America, Asia Pacific, and 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. 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 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.
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., and Zydus Pharmaceuticals Ltd. among others.
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