Folic Acid

Folic Acid

Global Folic Acid Market to Reach US$1.1 Billion by 2030

The global market for Folic Acid estimated at US$699.0 Million in the year 2023, is expected to reach US$1.1 Billion by 2030, growing at a CAGR of 6.3% over the analysis period 2023-2030. Folic Acid Tablets, one of the segments analyzed in the report, is expected to record a 7.3% CAGR and reach US$479.2 Million by the end of the analysis period. Growth in the Folic Acid Lozenges segment is estimated at 6.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$181.7 Million While China is Forecast to Grow at 9.9% CAGR

The Folic Acid market in the U.S. is estimated at US$181.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$261.0 Million by the year 2030 trailing a CAGR of 9.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.4% and 4.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Global Folic Acid Market - Key Trends & Drivers Summarized

Why Is Folic Acid Critical in Healthcare and Nutrition?

Folic acid, also known as vitamin B9, is an essential nutrient crucial for DNA synthesis, cell division, and the production of healthy red blood cells. It plays a key role in preventing neural tube defects (NTDs) during fetal development, which has made it an important component of prenatal care for pregnant women. In the healthcare and nutrition sectors, folic acid is commonly prescribed in the form of supplements or fortified foods, especially for women of childbearing age, to reduce the risk of birth defects. Moreover, it is widely used to treat and prevent folate deficiency anemia, which occurs when there is insufficient folate in the diet or due to malabsorption disorders. Beyond its role in prenatal health, folic acid is also recognized for its benefits in cardiovascular health, as it helps regulate homocysteine levels in the blood. Elevated homocysteine is associated with an increased risk of heart disease and stroke, making folic acid supplementation important for at-risk individuals. Folic acid’s significance in human health, along with its widespread use in food fortification programs and dietary supplements, continues to drive demand in both developed and developing regions. As awareness grows regarding the importance of vitamins and dietary supplements, the market for folic acid is expected to expand further.

What Technological Advancements Are Enhancing Folic Acid Production?

Technological advancements in folic acid production are focused on improving the efficiency, scalability, and sustainability of the manufacturing process. One key development is the use of biotechnological processes, such as microbial fermentation, to produce folic acid. This method leverages genetically engineered microorganisms to synthesize folic acid in a controlled environment, offering a more sustainable and potentially cost-effective alternative to traditional chemical synthesis. Microbial fermentation processes are gaining popularity as they reduce reliance on chemical reagents and minimize waste, aligning with the global push for greener and more sustainable production methods. Advancements in fortification technologies are also playing a significant role in expanding the use of folic acid. Innovative techniques allow for the stable incorporation of folic acid into various food products, such as cereals, flour, and beverages, without compromising the nutrient`s bioavailability or shelf life. These technologies are especially important in regions where food fortification programs aim to address widespread folate deficiencies in the population. Additionally, the development of improved folic acid formulations with enhanced absorption and bioavailability is driving demand in the dietary supplement market, making it easier for individuals to meet their daily folic acid needs.

Why Is Folic Acid Fortification a Key Strategy for Public Health?

Folic acid fortification has become a key public health strategy to prevent folate deficiency and its associated health complications, particularly neural tube defects (NTDs) in newborns. Many governments worldwide have mandated the fortification of staple foods, such as wheat flour, rice, and cornmeal, with folic acid to ensure that populations receive adequate levels of the nutrient, especially in regions where dietary intake of folate is insufficient. This strategy has proven to be highly effective in reducing the incidence of NTDs, as well as other folate-related health issues, including anemia and cardiovascular disease. The success of folic acid fortification programs in countries such as the United States, Canada, and several European nations has prompted other regions to adopt similar measures. In low- and middle-income countries, where access to healthcare and dietary supplements may be limited, food fortification serves as a cost-effective and accessible way to improve public health outcomes. As more countries recognize the benefits of folic acid fortification, the demand for folic acid as a fortificant is expected to rise, further driving growth in the global market.

What Are the Key Growth Drivers for the Folic Acid Market?

The growth of the folic acid market is driven by several key factors, including increasing awareness of prenatal health, the expansion of food fortification programs, and rising demand for dietary supplements. The critical role that folic acid plays in preventing neural tube defects during pregnancy has led to widespread recommendations for folic acid supplementation among women of childbearing age, fueling demand in both over-the-counter supplements and prescription prenatal vitamins. In addition, the growing emphasis on preventive healthcare and the rising prevalence of cardiovascular diseases are boosting the use of folic acid supplements for heart health. Government-mandated food fortification programs, aimed at addressing folate deficiencies in the general population, are another major growth driver. As more countries implement or expand fortification policies, the need for industrial-scale production of folic acid is increasing. Furthermore, the trend toward healthier lifestyles and increased consumer awareness of the benefits of vitamins and micronutrients are contributing to the growth of the dietary supplement market, where folic acid is a key ingredient. With rising health awareness and ongoing public health initiatives, the global folic acid market is poised for continued expansion.

Select Competitors (Total 42 Featured) -

• BASF SE
• Changzhou Niutang Chemical Plant Co. Ltd.
• DSM
• Emcure Pharmaceuticals Ltd.
• Hebei Jiheng Group Pharmacy Co Ltd
• Jiangxi Tianxin Pharmaceutical Co. Ltd.
• Koninklijke DSM N.V.
• Maple leaf Foods
• Medicamen Biotech Ltd.
• Parchem FIne & Specialty Chemicals
• Shandong Xinfa Pharmaceutical Co., Ltd.
• Tyson Foods
• Xinjiang Wujiaqu Xingnong Cycle Chemical Co. Ltd.
• Zydus Pharmaceuticals Ltd.

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