The folic acid market is experiencing steady growth due to increasing awareness of its health benefits, particularly in prenatal care and cardiovascular health. Governments worldwide mandate the fortification of food products with folic acid to prevent neural tube defects, boosting demand. The pharmaceutical and dietary supplement industries are major consumers, while the aging population’s need for folic acid in anemia prevention further supports market expansion. Additionally, its application in animal feed for livestock health continues to grow. The market is also witnessing advancements in bio-based folic acid production, aligning with the global shift toward natural and sustainable ingredients.
Global Folic Acid Market size and share is currently valued at USD 630.90 million in 2024 and is anticipated to generate an estimated revenue of USD 993.53 million by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 4.7% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 – 2034
Folic Acid Market – Trends & Drivers
- Rising Health Awareness: Growing consumer awareness about the health benefits of folic acid, especially for prenatal care and cardiovascular health, is driving demand.
- Increasing Demand in Pharmaceuticals & Supplements: Widespread use in dietary supplements and fortified foods is fueling market growth.
- Government Fortification Programs: Many governments mandate folic acid fortification in food products to prevent neural tube defects, boosting market expansion.
- Rising Geriatric Population: Growing demand for folic acid in aging populations for cognitive health and anemia prevention is a key driver.
- Expanding Applications in Animal Feed: Increasing use in livestock and poultry feed to enhance animal health supports market growth.
Key Companies in Folic Acid Market:
- BASF SE
- DSM Nutritional Products
- Merck KGaA
- Lonza Group
- Zydus Cadila
- Medicamen Biotech Ltd.
- Jiangxi Tianxin Pharmaceutical Co. Ltd.
- Hebei Jiheng Group Pharmaceutical Co. Ltd.
- Xinfa Pharmaceutical Co. Ltd.
- Now Foods
- GNC Holdings, Inc.
- Amway Corporation
- Seppic SA (subsidiary of Air Liquide)
- Kirkman Group, Inc.
Growth Factors:
• Market dynamics:All the key factors and major developments anticipated to boost the growth of the market are covered in the study.
• Technological evolution:The report offers a thorough understanding of the emerging technologies that can influence the Folic Acid market demand.
• Innovation pathways: The study covers where innovations can take the market in the mid to long term.
Browse Full Insights:
https://www.polarismarketresearch.com/industry-analysis/folic-acid-market
The Geographical Analysis Covers Following Key Regions:
• North America (United States, Canada, and Mexico)
• Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• South America (Brazil, Argentina, Colombia, and the rest of South America)
• The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)
Folic Acid Market Segmentation:
The folic acid market is segmented based on type, application, and region. By type, it is categorized into food-grade, pharmaceutical-grade, and feed-grade folic acid. Food-grade folic acid is widely used in fortified foods, while pharmaceutical-grade is crucial for prenatal supplements and anemia treatment. The application segment includes food & beverages, pharmaceuticals, animal feed, and dietary supplements. The pharmaceutical and dietary supplement sectors dominate due to rising awareness of folic acid’s health benefits. Geographically, the market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America and Europe lead due to stringent regulatory policies on food fortification, while Asia-Pacific is growing rapidly due to increasing health consciousness and government initiatives.
Folic Acid Market, Form Type Outlook (Revenue – USD Million, 2020-2034)
- Tablets
- Soft Gels
- Lozenges
- Others
Folic Acid Market, Applications Outlook (Revenue – USD Million, 2020-2034)
- Food & Beverages
- Pharmaceutical
- Nutraceuticals
- Others
Folic Acid Market, Source Type Outlook (Revenue – USD Million, 2020-2034)
- Plants
- Animals
Folic Acid Industry Developments
- September 2023: DSM introduced a report showcasing advancements in precision nutrition solutions, featuring newly developed folic acid formulations designed for enhanced nutrient absorption. This innovation addresses growing consumer demand for more effective and convenient supplementation, reinforcing DSM’s commitment to continuous improvement in health and nutrition.
- November 2024: BASF SE announced a strategic partnership with Acies Bio to explore sustainable, natural production methods for vitamins, including folic acid. This collaboration aligns with the industry’s increasing focus on clean-label products and environmentally friendly manufacturing practices.
More Trending Latest Reports By Polaris Market Research: