Global Folate
Market Report
2024
Folate Market size will be USD 889.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.10% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global folate market size is USD 889.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.10% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Folate Market Sales Revenue 2024 | $ 889.2 Million |
Global Folate Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.1% |
South America Folate Market Sales Revenue 2024 | $ 44.46 Million |
South America Folate Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
Middle East and Africa Folate Market Sales Revenue 2024 | $ 17.78 Million |
Middle East and Africa Folate Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.8% |
North America Folate Market Sales Revenue 2024 | $ 355.68 Million |
North America Folate Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.3% |
Europe Folate Market Sales Revenue 2024 | $ 266.76 Million |
Europe Folate Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.6% |
Asia Pacific Folate Market Sales Revenue 2024 | $ 204.52 Million |
Asia Pacific Folate Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.1% |
Market Split by Type |
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Market Split by Application |
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Market Split by Form |
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Market Split by Source |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Folate Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Folate, or nutrient B9, is well known for supporting a healthy pregnancy and good growth of the fetus. It is a customized folate molecule utilized in nutrition upgrades and fortified foods because of its greater security. It also names a significant use in the pharmaceutical sector as an essential component to keep weakening at bay. Rising anemia prevalence, growing micronutrient awareness, and rising pregnant women's need for folic acid and folate supplements are some of the key factors driving the growth of the market under investigation. Moreover, growing awareness of the detrimental consequences of this vitamin shortage, such as anemia and mouth ulcers, is driving the market's growth. A dose of folate promotes the metabolism of proteins and facilitates the synthesis of DNA and RNA.
May 2019: L-5-methyltetrahydrofolic acid monosodium salt ArcofolinTM L-Methylfolate is a newly redesigned proprietary product from Merck intended for use in medicinal and nutritional purposes. It is the main type of folate that occurs naturally.
In the early stages of pregnancy, when the neural tube is developing, folate is very important for the fetus's development. Babies born with neural tube disorders such as spina bifida may have inadequate folate consumption during pregnancy. The need for folic acid supplements for women who are trying to conceive or who are just beginning a pregnancy is therefore becoming more and more pressing. Supplementing with folic acid is recommended by healthcare professionals, such as obstetricians and gynecologists, to ensure that pregnant mothers have the recommended levels of folate. In order to raise public awareness of the advantages of folic acid supplementation, several nations have also launched educational initiatives and public health campaigns.
More and more consumers are searching for goods that provide health advantages in addition to basic sustenance. Foods enhanced with important vitamins and minerals, such as folate, are gaining popularity. Foods that have been fortified offer a convenient means for people to incorporate essential nutrients into their diets, especially for those who might encounter difficulties fulfilling their nutritional needs through consistent dietary consumption. Additionally, there is a growing trend in the demand for functional meals, which have extra health-promoting qualities. Increased folate content in functional meals can meet specific consumer needs, such as those for cardiovascular health, brain function, or pregnancy nutrition. Manufacturers of functional foods can reach niche markets and satisfy different consumer tastes and health goals by including folate into their recipes. The folate sector is anticipated to have development opportunities as a result of several factors.
Some people may have adverse reactions or have difficulty adjusting to high-dolate supplementation. Digestionary discomforts like nausea, bloating, and diarrhea are common adverse effects. Those with delicate digestive systems or underlying gastrointestinal disorders may find these effects particularly problematic. Individuals' capacity to effectively absorb and use folate may also be impacted by certain medical disorders or genetic differences. Individualized dosage schedules or alternate kinds of folate supplements may be required, for example, for people with compromised folate metabolism or specific genetic mutations.
Increased awareness of preventative health measures brought about by the COVID-19 pandemic had a positive impact on the folate industry. A propensity for using supplements and other fortified foods on a regular basis has been created by this factor, driving rising market demand overall. The global pandemic of COVID-19 has caused significant disruptions to the target sector's growth in both developed and developing countries. These include variations in raw material availability, shortages of labor in production facilities, and low demand from end users. Yet the usage of immuno supplements has increased as a result of the COVID-19 outbreak.
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The market is fragmented as a result of the presence of numerous well-established industry competitors as well as local businesses. Players also employ mergers and acquisitions as important tactics to diversify their product lines. Furthermore, the implementation of tactics like as technological development, capital investment in research and development, product quality enhancement, acquisitions, mergers, and market competitiveness aid in maintaining their market position and value. Additionally, industry expansion is fueled by significant players' substantial market share holdings and partnerships with other businesses.
July 2023: Medicamen Biotech filed its first eCTD (Electronic Common Technical Document) Abbreviated New Drug Application for 'BORTEZOMIB FOR injectable 3.5 MG/VIAL' to the FDA (Food and Drug Administration) in the United States.
(Source: http://www.medicamen.com/news/view/3)
March 2023: Vitamin Well, a Swedish functional drink brand, is coming to the United Kingdom. Beginning on April 19, WH Smith and Amazon will carry a variety of four low-calorie, non-carbonated drinks that are enhanced with vitamins and minerals.
Top Companies Market Share in Folate Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the folate market in 2024 and accounted for around 40% of the global revenue. The pharmaceutical and nutraceutical sectors' growing demand for the end-use application in nations like the US and Canada is primarily responsible for the growth. Furthermore, during the anticipated period, it is anticipated that the government's advantageous laws will propel market expansion.
The Asia Pacific is anticipated to be the fastest-growing region in the folate market in the forecast period. The region's medical sectors are increasingly adopting folate, and this expansion can be attributed to factors like increased investment by significant companies in the industry. Furthermore, the Asia-Pacific folate market is expanding due to the increasing use of folate in commercial businesses for a range of purposes.
The current report Scope analyzes Folate Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, the global Folate market size was estimated at USD 889.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 44.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031 because consumers' concerns about their health are growing along with knowledge of the role folic acid plays in avoiding birth abnormalities. The industry has grown as a result of government programs encouraging the fortification of food items with folate. The market is expanding in the region due to factors such as the increasing demand for dietary supplements and the growing prevalence of chronic disorders. Additionally, throughout the projected period in Latin America, the tablets category is anticipated to hold a leading share in the folate market. The market's need for segmented growth is being driven by the product's easy availability, convenience, and longer shelf life. For the majority of people across all age categories, this is the supplement form they use most frequently.
According to Cognitive Market Research, the global Folate market size was estimated at USD 889.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 17.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031 because of growing consumer health consciousness, greater use of fortified foods, and expanding knowledge of the role folate plays in preventing neural tube abnormalities. Government programs to combat folate shortage and fortify basic foods also aid in the growth of the industry. Furthermore, the MTHF Calcium Salt category is anticipated to have the most market shares in the Middle East and Africa. In addition to being necessary for methylation, 5-MTHF indirectly contributes to DNA synthesis, the production of serotonin and melatonin, and the conversion of homocysteine to methionine. It prevents malformations of the neural tube during pregnancy.
According to Cognitive Market Research, the global folate market size was estimated at USD 889.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 355.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031 because there is a growing need for folate supplements to avoid neural tube abnormalities. The majority of neural tube abnormalities occur in the United States, where they can cause a variety of problems as well as death. Neural tube abnormalities can be avoided throughout the periconceptional stage by taking a daily folate supplement. Physicians are advised to advise women of reproductive age to take supplements of folic acid. The growing requirement for folate supplements is partly driven by pregnant women's increased desire for vitamins. Additionally, rising R&D expenditures in the US fuels the industry expansion. It is distinguished by a well-established healthcare system, a high degree of consumer awareness, and a strong emphasis on wellness and preventive treatment. Moreover, the demand for medications, fortified foods, and dietary supplements drives the regional market share.
According to Cognitive Market Research, with a market value of USD 889.2 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 266.76 million. The reason for this is because an increasing number of individuals are realizing how crucial this mineral is to their health. Livers, nuts, seeds, and leafy green vegetables are good sources of the water-soluble vitamin folate. Red blood cell synthesis and amino acid metabolism both benefit from its presence. Anemia, congenital abnormalities, and cognitive decline are just a few of the health issues that can result from low folate. You can help prevent these diseases by taking supplements of folate. Indicating that more people are taking precautions to safeguard their health, the growing demand for folate supplements in the European market is a positive trend.
According to Cognitive Market Research, the global Folate market size was estimated at USD 889.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 204.52 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031. The market for folate is growing at the quickest rate in the Asia Pacific region because of the region's growing prevalence of chronic illnesses and growing awareness of the need of good nutrition. Leafy greens, legumes, nuts, and seeds are good sources of folate, a water-soluble vitamin. Not only is it necessary for the synthesis of DNA and RNA, but it is also necessary for the homocysteine metabolism. Lack of folate can lead to anemia, malformations at birth, and issues with the neural tube. Increasing rates of anemia, growing knowledge of micronutrients, and the growing need for folic acid and folate supplements among expectant mothers are some of the primary factors driving the expansion of the market under investigation.
Global Folate Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Folate Industry growth. Folate market has been segmented with the help of its Type, Application Form, and others. Folate market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, 5-MTHF calcium salt category held the major market share over the forecast period because it is more effective and bioavailable than other types of folate supplementation. The need for 5-MTHF calcium salt is projected to rise as more people become aware of the benefits of folate supplementation, especially for expectant mothers and those with specific medical issues.
The 5-MTHF glucosamine salt is the fastest-growing category over the forecast period driven by a number of elements, such as its higher bioavailability and absorption rate in comparison to other forms of folate, such as folic acid. Furthermore, 5-MTHF is the biologically active form of folate, which means that those with specific genetic variants that impact the metabolism of folate may benefit more from it.
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According to Cognitive Market Research, pharmaceuticals category held the major market share over the forecast period driven by a growing understanding of the significance of folate for health and an increase in the number of illnesses linked to folate deficiencies. Furthermore, new folate-based drugs have been introduced as a result of developments in pharmaceutical research and development, which has further accelerated market expansion.
Nutraceuticals is the fastest-growing category over the forecast period. Nutraceuticals are goods that offer health advantages over basic nutrition by fusing the qualities of food and medicine. This category includes functional foods, dietary supplements, and drinks enhanced with vitamins, minerals, and botanical extracts as well as bioactive substances. The need for natural alternatives, wellness trends, and rising consumer knowledge of preventative healthcare have all contributed to the steady increase in the market share of nutraceuticals.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Folate market report 2024 Edition by contacting our team.
According to Cognitive Market Research, tablets category held a prominent market share because of elements like practicality, simplicity of use, and accurate dosage administration. Tablets provide consumers with a convenient and portable means of adding folate to their regular diets, which is helping to drive the growth of this market segment.
Gummies is the fastest-growing category over the forecast period because of the flavor appeal, ease of use, and growing acceptance of supplements in this format, among other reasons. For customers who might find it difficult to swallow pills or who just want a more delightful supplement experience, gummies provide a quick and enjoyable method to include folate in their diets.
According to Cognitive Market Research, green vegetables category held a prominent market share because people are more aware of the advantages of eating foods high in folate, especially leafy greens like broccoli, kale, and spinach, for their health. Demand for these green vegetables is expanding due to consumers' growing search for natural sources of folate, which is propelling the category's rise.
Liver is the fastest-growing category over the forecast period impacted by a number of variables, including product availability, dietary trends, and consumer preferences. One of the most important nutrients for cell division and DNA synthesis, folate is found naturally in liver. The demand for foods high in folate, such as liver, is rising as people become more conscious of the role that folate plays in sustaining general health, especially during pregnancy.
According to Cognitive Market Research, supplements category held the major market share over the forecast period. Products such as vitamins, herbal supplements, minerals, and other nutritional additives are all included in the category of dietary supplements. To enhance general health and well-being or to meet particular nutritional demands, these products are usually ingested in addition to a regular diet. There are numerous ways to get supplements, including liquids, tablets, powders, and capsules. An aging population, growing health consciousness, and the demand for preventive healthcare can all drive supplements' market share, which can be quite large.
Fortified food is the fastest-growing category over the forecast period fueled by growing understanding of the role folate plays in protecting against birth abnormalities and promoting general health. The rise of the industry is further aided by the fact that fortified foods provide customers with an easy approach to achieve their daily folate requirements. With more people prioritizing their health and looking for items with additional nutritional benefits, this trend is probably going to continue.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Disclaimer:
Type | 5-MTHF Calcium Salt, 5-MTHF Glucosamine Salt |
Application | Food industry, Neutraceuticals, Pharmaceuticals |
Form | Tablets, Capsules, Powder, Lozenges, Gummies, Others |
Source | Fruit, milk, Green vegetables, Liver, Seafood |
End User | Fortified foods, Baby Foods, Supplements |
List of Competitors | Medicamen Biotech Ltd., Nutritional Supplement Manufacturers Inc., Superior Supplement Manufacturing, Koninklijke DSM N.V, Gnosis SPA, Seidler Chemical Co Inc., Hebei Jiheng Group Pharmacy Co Ltd., AIE Pharmaceuticals Inc., Changzhou, Niutang Chemical Plant Co. Ltd., Shandong Xinfa Pharmaceutical Co., Gemini Pharmaceuticals Inc., Merck, BASF SE, Jiangxi Tianxin Pharmaceutical Co. Ltd., HEMA PHARMACEUTICALS PVT. LTD., Emcure Pharmaceuticals Ltd., Nantong Changhai Food Additive |
This chapter will help you gain GLOBAL Market Analysis of Folate. Further deep in this chapter, you will be able to review Global Folate Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Folate Market Trends North America Folate Technological Road Map North America Folate Market Drivers North America Folate Market Restraints North America Folate Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Form Analysis 2019 -2031
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Chapter 13 Market Split by Source Analysis 2019 -2031
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Chapter 14 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Folate market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why 5-MTHF Calcium Salt have a significant impact on Folate market? |
What are the key factors affecting the 5-MTHF Calcium Salt and 5-MTHF Glucosamine Salt of Folate Market? |
What is the CAGR/Growth Rate of Food industry during the forecast period? |
By type, which segment accounted for largest share of the global Folate Market? |
Which region is expected to dominate the global Folate Market within the forecast period? |
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