Folic Acid Market Size, Share, Trends, Industry Analysis Report: By Form Type (Tablets, Soft Gels, Lozenges, and Others), Source Type, Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast

Folic Acid Market Size, Share, Trends, Industry Analysis Report: By Form Type (Tablets, Soft Gels, Lozenges, and Others), Source Type, Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034

The global folic acid market size is expected to reach USD 993.53 million by 2034, according to a new study by Polaris Market Research. The report “Folic Acid Market Size, Share, Trends, Industry Analysis Report: By Form Type (Tablets, Soft Gels, Lozenges, and Others), Source Type (Plants and Animals), Application (Food & Beverages, Pharmaceutical, Nutraceuticals, and Others), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The folic acid market growth is driven by increasing health awareness, especially concerning prenatal care and the prevention of neural tube defects. Key drivers include the rising demand for dietary supplements and fortified foods and increasing government-led fortification programs to address folate deficiencies globally.

The market is also benefiting from trends such as the growing preference for plant-based and sustainable sources of folic acid, as well as innovations aimed at improving the bioavailability of the vitamin. Market growth opportunities lie in expanding into emerging markets with rising healthcare awareness and in offering personalized nutrition solutions. As the demand for functional foods and supplements grows, the folic acid market is positioned for continued expansion, supported by regulatory support and changing consumer behaviors.

Folic Acid Market Report Highlights:

By form type, the tablets segment holds the largest folic acid market share due to their widespread use and convenience, particularly in the pharmaceutical and nutraceutical sectors. However, the soft gels segment is registering the highest growth rate, driven by consumer preference for easy-to-swallow, high-quality supplements.

The plants segment, by source type, is gaining traction due to the increasing demand for natural, sustainable, and non-GMO products, making it the fastest-growing source type. However, the animals segment remains a dominant segment, particularly in pharmaceutical applications.

In terms of application, the pharmaceutical segment dominates the market, driven by the widespread use in prenatal vitamins and other health supplements. The nutraceutical sector is experiencing the highest growth rate as consumers increasingly seek preventive health solutions through fortified foods and dietary supplements.

North America dominates the folic acid market revenue share, owing to stringent fortification regulations and high health awareness. However, Asia Pacific is witnessing the highest growth due to expanding healthcare infrastructure, rising health consciousness, and increasing demand for dietary supplements.

Polaris Market Research has segmented the folic acid market report on the basis of form type, source type, application, and region:

By Form Type Outlook (Revenue – USD Million, 2020–2034)

Tablets

Soft Gels

Lozenges

Others

By Source Type Outlook (Revenue – USD Million, 2020–2034)

Plants

Animals

By Application Outlook (Revenue – USD Million, 2020–2034)

Food & Beverages

Pharmaceutical

Nutraceuticals

Others

By Regional Outlook (Revenue – USD Million, 2020–2034)

North America

• US
• Canada

Europe

• Germany
• France
• UK
• Italy
• Spain
• Netherlands
• Russia
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Malaysia
• South Korea
• Indonesia
• Australia
• Vietnam
• Rest of Asia Pacific

Middle East & Africa

• Saudi Arabia
• UAE
• Israel
• South Africa
• Rest of Middle East & Africa

Latin America

• Mexico
• Brazil
• Argentina
• Rest of Latin America