Folic Acid Market Developments A Focus On Key Regions

Published: 2025-03-06
Views: 17
Author: falguni mmr
Published in: Business

Global Folic Acid Market Poised for Significant Growth: Regional Insights and Industry Developments

The global folic acid market is on a robust growth trajectory, with projections indicating a rise from USD 0.76 billion in 2024 to approximately USD 1.06 billion by 2032, reflecting a Compound Annual Growth Rate (CAGR) of 4.3% during the forecast period. This surge is primarily driven by increasing health awareness and the essential role of folic acid in preventing neural tube defects during pregnancy.

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Competitive Landscape and Regional Demand

The market is characterized by the presence of key players such as BASF SE, Koninklijke DSM N.V., Zydus Pharmaceuticals Ltd., Medicamen Biotech Ltd., and Emcure Pharmaceuticals Ltd.

These companies are actively enhancing their product portfolios to meet the escalating demand. Notably, North America holds a dominant position, accounting for over 34.3% of the market share in 2024, driven by stringent health regulations and a high consumption of dietary supplements.

United States: Growth Opportunities and Trends

In the United States, the folic acid market is experiencing substantial growth due to increased awareness of its health benefits and government-led fortification programs. The rising demand for dietary supplements and fortified foods is contributing to market expansion.

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Folic Acid Market segmentation : 

by Form

Tablets
Soft Gels
Lozenges
Others

by Source

Vegetables
Fruits
Others

by Application

Food & Beverages
Pharmaceutical
Nutraceuticals
Others

Through Application, In 2024, the pharmaceutical industry held a dominant position in the global market. This is explained by the fact that folic acid has therapeutic qualities that help treat conditions involving the neurological system, heart disease, and renal illness. The primary factor propelling the folic acid market in the pharmaceutical sector is prenatal care. Because it promotes the growth of healthy skin cells, it is also used in a variety of skincare products.
Any food product that serves as a medication in addition to being a nutritional supplement is referred to as a nutraceutical. For individuals with anemia, medical specialists recommend water-soluble folic acid B9 vitamins as nutraceuticals. During the previously given projection period, this tendency is anticipated to propel the growth of the nutraceutical segment.

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 Learn about the top players driving innovation in the Folic Acid Market :

1. BASF SE
2. Zydus Pharmaceuticals Ltd.
3. Medicamen Biotech Ltd.
4. Jiangxi Tianxin Pharmaceutical Co. Ltd.
5. DSM N.V.
6. Emcure Pharmaceuticals Ltd.
7. Xinjiang Wujiaqu Xingnong Cycle Chemical Co. Ltd.
8. Tyson Foods
9. Maple leaf Foods
10. Medicamen Biotech ltd
11. Niutang
12. Jiheng Pharmaceutical
13. Parchem Fine & Specialty Chemicals
14. СhаngzhоuХіnhоng
15. Nantong Changhai Food Additive

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