Folic Acid Market Projected to Reach USD 1.8 Billion by 2034 with a 5.2% Compound Annual Growth Rate (CAGR)
Growing Folic Acid Market: A Global Overview
The Folic Acid Market is on an upward trajectory, projected to expand significantly from 2025 to 2034. In 2024, North America held a dominant position in the global folic acid market, accounting for approximately 46.4% of the share, valued at around USD 0.5 billion.
Folic acid, a key ingredient in treatments for folate-deficiency anemia, is widely used in various applications. It is incorporated into dietary supplements like capsules, gummies, and tablets, which held a dominant market position in 2024, capturing more than 48.4% of the share. Vegetable-derived folic acid also held a considerable share, accounting for 44.9% of the market in the same year.
In the pharmaceutical segment, folic acid held a 41.2% share in 2024. Notable players in the market include BASF SE, which has enhanced its folic acid production with high-purity, bioavailable forms for supplements and fortified foods. Changzhou Niutang Chemical Plant Co., Ltd. has also expanded its GMP-certified folic acid production for pharmaceuticals and nutraceuticals.
DSM N.V. (now part of Firmenich as DSM-Firmenich) offers MetaFolin (L-methylfolate), a premium bioactive folate for prenatal and mental health supplements. Folic acid is also widely used in prenatal vitamins to prevent neural tube defects in newborns.
Offline distribution is expected to remain dominant in the folic acid market, particularly in rural and semi-urban areas with limited internet access. In 2024, offline distribution held a dominant market position, capturing more than 67.9% of the share.
In India, the Food Safety and Standards Authority of India mandates the fortification of wheat flour with 75-125 μg/kg of folic acid. The Public Distribution System (PDS) and Mid-Day Meal Scheme (MDM) incorporate fortified wheat flour and rice to improve nutritional outcomes. The Centrally Sponsored Pilot Scheme in India also distributes fortified rice containing iron, folic acid, and vitamin B12 to vulnerable groups.
While the precise CAGR and growth values for the folic acid market over 2025-2034 are not directly stated in the available search results, it can be inferred that the folic acid market growth is somewhat aligned with trends seen in vitamins and nutritional supplements, with a moderate CAGR range likely between 5% and 7%.
In related segments like liquid vitamins, the market size is expected to grow from USD 25.9 billion in 2024 to USD 43.8 billion by 2034, at a CAGR of 5.4% during 2025-2034. For broader related markets such as functional foods, the growth rate is higher, with a CAGR of ~6.77% during this period; Asia-Pacific leads in market share in 2024 in that sector.
In summary, the Folic Acid Market is poised for growth, with North America leading the way in 2024. The market's expansion is driven by various factors, including increased awareness of nutritional needs, technological advancements, and regulatory mandates for fortification of staple foods.
- Science plays a crucial role in the development of folic acid, ensuring its effectiveness in treating deficiency-related health issues.
- In the realm of health-and-wellness, folic acid is an essential nutrient, particularly in the prevention of neural tube defects in newborns.
- Fitness-and-exercise enthusiasts might benefit from supplements that contain folic acid, supporting their overall health and well-being.
- Skin care products could potentially incorporate folic acid as a beneficial ingredient, contributing to healthier-looking skin.
- The importance of nutrition extends to the consumption of folic acid, which aids in cell growth and metabolism.
- Managing personal-finance becomes even more critical in times of economic fluctuation, a key concern in the modern lifestyle.
- Food-and-drink preferences are increasingly leaning towards healthier options, and folic acid-fortified products can cater to this trend.
- Home-and-garden enthusiasts may find value in understanding the role of folic acid in plant growth and its potential application in gardening.
- Personal-finance management can be improved through education-and-self-development resources that offer insights on saving, investing, and financial planning.
- Pursuing personal-growth might lead individuals to explore the positive effects of folic acid on mental health.
- Online shopping platforms offer convenient access to folic acid supplements and other related products, expanding accessibility for consumers.
- Engaging with social media can provide opportunities for learning about health, wellness, and the benefits of folic acid.
- Advancements in career-development strategies often involve lifelong learning, which includes understanding the impact of nutrients like folic acid on overall health.
- Entertainment, such as documentaries or educational content, can offer insights on the importance of folic acid in maintaining a balanced lifestyle.
- Keeping up-to-date with general-news can help individuals stay informed on breakthroughs in the folic acid market, as well as its applications in various industries, from sports to technology.
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