Folate Market size was valued at USD 2.4 billion in 2023 and the total Folate Market size is expected to grow at a CAGR of 5.11% from 2024 to 2030, reaching nearly USD 3.40 billion by 2030.Folate Market Overview:
Folate, commonly known as vitamin B9 or folacin, is a B vitamin. Manufactured folic acid, which is converted to folate by the body, is used as a dietary supplement and in food fortification because it is more stable throughout processing and storage. Folate (vitamin B-9) is required for red blood cell formation as well as cell growth and function. The vitamin is necessary throughout early pregnancy to reduce the risk of brain and spine birth defects. Rising demand for dietary supplements is on the rise offering numerous growth avenues for the global folate market. The growth is mainly driven by factors such as increasing health consciousness, busy lifestyles, and the desire for convenience. From March 2023 to February 2024, India exported 111 folate shipments, facilitated by 40 exporters to 58 buyers, reflecting a 42% increase compared to the previous year. In February 2024, India shipped 8 folate consignments, marking a 38% year-on-year decline from February 2023 but a 14% increase from January 2024. Key destinations for Indian folate exports include Bhutan, Kenya, and the United States. Globally, the leading exporters of folate are Germany, Ireland, and the United States. Germany tops the list with 2,926 shipments, followed by Ireland with 2,853 shipments, and the United States with 1,693 shipments.To know about the Research Methodology :- Request Free Sample Report
Folate Market Dynamics:
Folate Market Growth Driven by Health Awareness, Fertility, and Technological Advancements in Food Fortification Folate is used for preventing and treating low blood levels of folate (folate deficiency) and high blood levels of homocysteine (hyperhomocysteinemia). Folic acid is also used for many other conditions including depression, stroke, decline in memory and thinking skills, and many others. Consumers' increased health awareness is encouraging them to use folate-based goods. An important factor driving the folate market is the rise in female fertility. When consumed in excessive doses over a lengthy period, folic acid is dangerous. Abdominal cramps, diarrhoea, rash, sleep difficulties, irritability, disorientation, nausea, stomach trouble, behaviour changes, skin reactions, seizures, gas, excitability, and other side effects may occur while taking high dosages of folate. As a result, the government has intervened in the open market sale of folate-based drugs to avoid drug misuse. The stability and bioavailability of folate in fortified foods are being improved by technological improvements in food fortification procedures, additional strengthening folate's dominance in the market. The preparation and storage of food better retain folate because of innovations like microencapsulation. To illustrate the continued progress in this field, General Mills announced in February 2024 the launch of a new range of fortified cereals employing a unique folate stabilization technology.Limited Consumer Awareness and Health Concerns Hinder Folate Market Growth Despite Public Health Efforts Limited consumer awareness about the benefits of folate and the risks associated with its deficiency hinder market growth. Despite public health initiatives, many people remain unaware of the importance of adequate folate intake, especially outside of prenatal contexts. Only 13.9% of women supplement folic acid, and 65.3% of them do so daily. A total of 91.1% of the respondents were not aware of its recommended dose and 43% did not know the role it plays in the human body. This lack of awareness results in lower demand for folate supplements and fortified foods, slowing folate market growth. Educational efforts are essential to bridge this knowledge gap and drive consumer demand. Potential side effects and concerns about excessive folate intake also impede market growth. High doses of folate mask vitamin B12 deficiency, leading to neurological complications if left untreated. Such health concerns make consumers wary of folate supplementation, particularly at higher doses. Clear guidelines and proper labelling help address these concerns, but lingering apprehensions still pose a challenge to folate market growth.
Folate Market Segment Analysis:
Based on the Type, the market is segmented into MTHF Calcium Salt and MTHF Glucosamine Salt. The MTHF Calcium Salt segment held the largest market share in 2023. 5-MTHF is required for methylation and is involved in the conversion of homocysteine to methionine, the creation of serotonin and melatonin, and DNA synthesis indirectly. MTHF Calcium Salt ensures that your body has enough active folic acid. Lower homocysteine levels to reduce the risk of heart disease. During pregnancy, it avoids neural tube abnormalities. These are the key benefits that are expected to drive the growth of the MTHF Calcium Salt segment in the Folate Market. Based on the Application, the market is segmented into the Food industry, Nutraceuticals, Agriculture, and Pharmaceuticals, Other segments are expected to grow rapidly during the forecast period 2024-2030. Thanks to the increasing demand for folate in the Food industry and Pharmaceuticals & Nutraceuticals industries folate offers many benefits.
Folate Market Regional Insights:
Asia Pacific region held the XXX % share in 2023 for the Folate Market. Thanks to increased knowledge about health supplements and the benefits of folate in this region. Rising health concerns such as cardio-arrest and birth defects are expected to drive the folate market in the region through the forecast period. Folate companies such as DSM-Firmenich and BASF are leading the way in developing new folate fortification and bioavailability technologies. Advancements in microencapsulation techniques have been used to improve folate stability in fortified foods, increasing its effectiveness. DSM released a line of folic acid supplements aimed at improving prenatal health, while BASF unveiled new formulations for fortified food products. The growing population in the region, along with governmental efforts to improve maternal health, is increasing the demand for folate-based products in the Asia-Pacific market.Folate Market Competitive Landscape:
The folate market is characterized by significant competition among key players who are driving advancements and shaping industry trends. DSM-Firmenich leads with innovations in microencapsulation techniques, enhancing the stability and bioavailability of folate in dietary supplements and fortified foods. Their recent product launches cater specifically to prenatal health and overall wellness. BASF continues to make strides with its new folate formulations, focusing on improved absorption and effectiveness in a range of fortified products. Lonza enhances folate's bioavailability with its high-quality nutritional ingredients, addressing specific health needs through advanced formulations. FMC Corporation provides folate solutions that emphasize stability and extended shelf life, crucial for dietary supplements and functional foods. Glanbia Nutritionals contributes to the market with high-purity folate products, targeting both supplements and fortified foods to meet consumer demands for quality and efficacy. • In May 2019, Merck launched a new and revamped proprietary product named Arcofolin™ L-Methylfolate, a monosodium salt of L-5-methyltetrahydrofolate acid for nutritional and pharmaceutical applications. It is a naturally occurring predominant form of folate. • In 2020, GlaxoSmithKline (GSK) and Pfizer Merger, GSK, and Pfizer combined their consumer pharmaceuticals businesses into a joint venture. The merger created a new entity, GSK Consumer Pharmaceuticals, with a strong presence in the global consumer pharmaceuticals market, including vitamins and dietary supplements.Folate Market Scope: Inquire before buying
Global Folate Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 5 Bn. Forecast Period 2024 to 2030 CAGR: 5.11 % Market Size in 2030: USD 10 Bn. Segments Covered: By Type MTHF Calcium Salt MTHF Glucosamine Salt By Application Food industry Nutraceuticals Pharmaceuticals Others By Form Tablets Capsules Powder Others Folate Market Key Players:
1. DSM N.V 2. Emcure Pharmaceuticals Ltd 3. Gemini Pharmaceuticals, Inc. 4. Accord-UK Ltd 5. Healthy Hey LLP 6. Zydus Pharmaceuticals USA 7. LGM Pharma 8. Anthem Biosciences Private Limited 9. Others Key PlayersFAQs:
1] What is the growth rate of the Folate Market? Ans. The Global Folate Market is growing at a significant rate of 5.11 % during the forecast period. 2] What is the expected Folate Market size by 2030? Ans. The Folate Market size is expected to reach USD 3.40 Billion by 2030. 3] What segments are covered in the Market report? Ans. The segments covered in the market report are Type, Applications and Form. 4] What are the factors driving the Folate Market growth? Ans. Consumers' increased health awareness is encouraging them to use folate-based goods. Important factor driving the folate market is the rise in female fertility.
1. Folate Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Folate Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Key Players Benchmarking 2.3.1. Company Name 2.3.2. Product Segment 2.3.3. End-user Segment 2.3.4. Revenue (2023) 2.3.5. Company Locations 2.4. Market Structure 2.4.1. Market Leaders 2.4.2. Market Followers 2.4.3. Emerging Players 2.5. Mergers and Acquisitions Details 3. Folate Market: Dynamics 3.1. Folate Market Trends by Region 3.2. Folate Market Dynamics - Global 3.2.1. Folate Market Drivers 3.2.2. Folate Market Restraints 3.2.3. Folate Market Opportunities 3.2.4. Folate Market Challenges 3.3. PORTER’s Five Forces Analysis 3.4. PESTLE Analysis 3.5. Regulatory Landscape by Region 3.5.1. North America 3.5.2. Europe 3.5.3. Asia Pacific 3.5.4. Middle East and Africa 3.5.5. South America 3.6. Analysis of Government Schemes and Initiatives for the Folate Industry 3.7. Consumer Behaviour and Preferences 3.8. Price Trend Analysis 4. Import-Export Analysis of Folate Market 5. Folate Market: Global Market Size and Forecast by Segmentation (by Value USD Mn) (2023-2030) 5.1. Folate Market Size and Forecast, by Type (2023-2030) 5.1.1. MTHF Calcium Salt 5.1.2. MTHF Glucosamine Salt 5.2. Folate Market Size and Forecast, by Application (2023-2030) 5.2.1. Food industry 5.2.2. Nutraceuticals 5.2.3. Pharmaceuticals 5.2.4. Others 5.3. Folate Market Size and Forecast, by Form (2023-2030) 5.3.1. Tablets 5.3.2. Capsules 5.3.3. Powder 5.3.4. Others 5.4. Folate Market Size and Forecast, by Region (2023-2030) 5.4.1. North America 5.4.2. Europe 5.4.3. Asia Pacific 5.4.4. Middle East and Africa 5.4.5. South America 6. North America Folate Market Size and Forecast by Segmentation (by Value USD Mn) (2023-2030) 6.1. North America Folate Market Size and Forecast, by Type (2023-2030) 6.1.1. MTHF Calcium Salt 6.1.2. MTHF Glucosamine Salt 6.2. North America Folate Market Size and Forecast, by Application (2023-2030) 6.2.1. Food industry 6.2.2. Nutraceuticals 6.2.3. Pharmaceuticals 6.2.4. Others 6.3. North America Folate Market Size and Forecast, by Form (2023-2030) 6.3.1. Tablets 6.3.2. Capsules 6.3.3. Powder 6.3.4. Others 6.4. North America Folate Market Size and Forecast, by Country (2023-2030) 6.4.1. United States 6.4.1.1. United States Folate Market Size and Forecast, by Type (2023-2030) 6.4.1.1.1. MTHF Calcium Salt 6.4.1.1.2. MTHF Glucosamine Salt 6.4.1.2. United States Folate Market Size and Forecast, by Application (2023-2030) 6.4.1.2.1. Food industry 6.4.1.2.2. Nutraceuticals 6.4.1.2.3. Pharmaceuticals 6.4.1.2.4. Others 6.4.1.3. United States Folate Market Size and Forecast, by Form (2023-2030) 6.4.1.3.1. Tablets 6.4.1.3.2. Capsules 6.4.1.3.3. Powder 6.4.1.3.4. Others 6.4.2. Canada 6.4.2.1. Canada Folate Market Size and Forecast, by Type (2023-2030) 6.4.2.1.1. MTHF Calcium Salt 6.4.2.1.2. MTHF Glucosamine Salt 6.4.2.2. Canada Folate Market Size and Forecast, by Application (2023-2030) 6.4.2.2.1. Food industry 6.4.2.2.2. Nutraceuticals 6.4.2.2.3. Pharmaceuticals 6.4.2.2.4. Others 6.4.2.3. Canada Folate Market Size and Forecast, by Form (2023-2030) 6.4.2.3.1. Tablets 6.4.2.3.2. Capsules 6.4.2.3.3. Powder 6.4.2.3.4. Others 6.4.3. Mexico 6.4.3.1. Mexico Folate Market Size and Forecast, by Type (2023-2030) 6.4.3.1.1. MTHF Calcium Salt 6.4.3.1.2. MTHF Glucosamine Salt 6.4.3.2. Mexico Folate Market Size and Forecast, by Application (2023-2030) 6.4.3.2.1. Food industry 6.4.3.2.2. Nutraceuticals 6.4.3.2.3. Pharmaceuticals 6.4.3.2.4. Others 6.4.3.3. Mexico Folate Market Size and Forecast, by Form (2023-2030) 6.4.3.3.1. Tablets 6.4.3.3.2. Capsules 6.4.3.3.3. Powder 6.4.3.3.4. Others 7. Europe Folate Market Size and Forecast by Segmentation (by Value USD Mn) (2023-2030) 7.1. Europe Folate Market Size and Forecast, by Type (2023-2030) 7.2. Europe Folate Market Size and Forecast, by Application (2023-2030) 7.3. Europe Folate Market Size and Forecast, by Form (2023-2030) 7.4. Europe Folate Market Size and Forecast, by Country (2023-2030) 7.4.1. United Kingdom 7.4.1.1. United Kingdom Folate Market Size and Forecast, by Type (2023-2030) 7.4.1.2. United Kingdom Folate Market Size and Forecast, by Application (2023-2030) 7.4.1.3. United Kingdom Folate Market Size and Forecast, by Form (2023-2030) 7.4.2. France 7.4.2.1. France Folate Market Size and Forecast, by Type (2023-2030) 7.4.2.2. France Folate Market Size and Forecast, by Application (2023-2030) 7.4.2.3. France Folate Market Size and Forecast, by Form (2023-2030) 7.4.3. Germany 7.4.3.1. Germany Folate Market Size and Forecast, by Type (2023-2030) 7.4.3.2. Germany Folate Market Size and Forecast, by Application (2023-2030) 7.4.3.3. Germany Folate Market Size and Forecast, by Form (2023-2030) 7.4.4. Italy 7.4.4.1. Italy Folate Market Size and Forecast, by Type (2023-2030) 7.4.4.2. Italy Folate Market Size and Forecast, by Application (2023-2030) 7.4.4.3. Italy Folate Market Size and Forecast, by Form (2023-2030) 7.4.5. Spain 7.4.5.1. Spain Folate Market Size and Forecast, by Type (2023-2030) 7.4.5.2. Spain Folate Market Size and Forecast, by Application (2023-2030) 7.4.5.3. Spain Folate Market Size and Forecast, by Form (2023-2030) 7.4.6. Sweden 7.4.6.1. Sweden Folate Market Size and Forecast, by Type (2023-2030) 7.4.6.2. Sweden Folate Market Size and Forecast, by Application (2023-2030) 7.4.6.3. Sweden Folate Market Size and Forecast, by Form (2023-2030) 7.4.7. Austria 7.4.7.1. Austria Folate Market Size and Forecast, by Type (2023-2030) 7.4.7.2. Austria Folate Market Size and Forecast, by Application (2023-2030) 7.4.7.3. Austria Folate Market Size and Forecast, by Form (2023-2030) 7.4.8. Rest of Europe 7.4.8.1. Rest of Europe Folate Market Size and Forecast, by Type (2023-2030) 7.4.8.2. Rest of Europe Folate Market Size and Forecast, by Application (2023-2030) 7.4.8.3. Rest of Europe Folate Market Size and Forecast, by Form (2023-2030) 8. Asia Pacific Folate Market Size and Forecast by Segmentation (by Value USD Mn) (2023-2030) 8.1. Asia Pacific Folate Market Size and Forecast, by Type (2023-2030) 8.2. Asia Pacific Folate Market Size and Forecast, by Application (2023-2030) 8.3. Asia Pacific Folate Market Size and Forecast, by Form (2023-2030) 8.4. Asia Pacific Folate Market Size and Forecast, by Country (2023-2030) 8.4.1. China 8.4.1.1. China Folate Market Size and Forecast, by Type (2023-2030) 8.4.1.2. China Folate Market Size and Forecast, by Application (2023-2030) 8.4.1.3. China Folate Market Size and Forecast, by Form (2023-2030) 8.4.2. S Korea 8.4.2.1. S Korea Folate Market Size and Forecast, by Type (2023-2030) 8.4.2.2. S Korea Folate Market Size and Forecast, by Application (2023-2030) 8.4.2.3. S Korea Folate Market Size and Forecast, by Form (2023-2030) 8.4.3. Japan 8.4.3.1. Japan Folate Market Size and Forecast, by Type (2023-2030) 8.4.3.2. Japan Folate Market Size and Forecast, by Application (2023-2030) 8.4.3.3. Japan Folate Market Size and Forecast, by Form (2023-2030) 8.4.4. India 8.4.4.1. India Folate Market Size and Forecast, by Type (2023-2030) 8.4.4.2. India Folate Market Size and Forecast, by Application (2023-2030) 8.4.4.3. Japan Folate Market Size and Forecast, by Form (2023-2030) 8.4.5. Australia 8.4.5.1. Australia Folate Market Size and Forecast, by Type (2023-2030) 8.4.5.2. Australia Folate Market Size and Forecast, by Application (2023-2030) 8.4.5.3. Australia Folate Market Size and Forecast, by Form (2023-2030) 8.4.6. ASEAN 8.4.6.1. ASEAN Folate Market Size and Forecast, by Type (2023-2030) 8.4.6.2. ASEAN Folate Market Size and Forecast, by Application (2023-2030) 8.4.6.3. ASEAN Folate Market Size and Forecast, by Form (2023-2030) 8.4.7. Rest of Asia Pacific 8.4.7.1. Rest of Asia Pacific Folate Market Size and Forecast, by Type (2023-2030) 8.4.7.2. Rest of Asia Pacific Folate Market Size and Forecast, by Application (2023-2030) 8.4.7.3. Rest of Asia Pacific Folate Market Size and Forecast, by Form (2023-2030) 9. Middle East and Africa Folate Market Size and Forecast (Value) (2023-2030) 9.1. Middle East and Africa Folate Market Size and Forecast, by Type (2023-2030) 9.2. Middle East and Africa Folate Market Size and Forecast, by Application (2023-2030) 9.3. Middle East and Africa Folate Market Size and Forecast, by Form (2023-2030) 9.4. Middle East and Africa Folate Market Size and Forecast, by Country (2023-2030) 9.4.1. South Africa 9.4.1.1. South Africa Folate Market Size and Forecast, by Type (2023-2030) 9.4.1.2. South Africa Folate Market Size and Forecast, by Application (2023-2030) 9.4.1.3. South Africa Market Size and Forecast, by Form (2023-2030) 9.4.2. GCC 9.4.2.1. GCC Folate Market Size and Forecast, by Type (2023-2030) 9.4.2.2. GCC Folate Market Size and Forecast, by Application (2023-2030) 9.4.2.3. GCC Market Size and Forecast, by Form (2023-2030) 9.4.3. Rest of ME&A 9.4.3.1. Rest of ME&A Folate Market Size and Forecast, by Type (2023-2030) 9.4.3.2. Rest of ME&A Folate Market Size and Forecast, by Application (2023-2030) 9.4.3.3. Rest of ME&A Market Size and Forecast, by Form (2023-2030) 10. South America Folate Market Size and Forecast by Segmentation (by Value USD Mn) (2023-2030) 10.1. South America Folate Market Size and Forecast, by Type (2023-2030) 10.2. South America Folate Market Size and Forecast, by Application (2023-2030) 10.3. South America Market Size and Forecast, by Form (2023-2030) 10.4. South America Folate Market Size and Forecast, by Country (2023-2030) 10.4.1. Brazil 10.4.1.1. Brazil Folate Market Size and Forecast, by Type (2023-2030) 10.4.1.2. Brazil Folate Market Size and Forecast, by Application (2023-2030) 10.4.1.3. Brazil Market Size and Forecast, by Form (2023-2030) 10.4.2. Argentina 10.4.2.1. Argentina Folate Market Size and Forecast, by Type (2023-2030) 10.4.2.2. Argentina Folate Market Size and Forecast, by Application (2023-2030) 10.4.2.3. Argentina Market Size and Forecast, by Form (2023-2030) 10.4.3. Rest Of South America 10.4.3.1. Rest Of South America Folate Market Size and Forecast, by Type (2023-2030) 10.4.3.2. Rest Of South America Folate Market Size and Forecast, by Application (2023-2030) 10.4.3.3. Rest Of South America Market Size and Forecast, by Form (2023-2030) 11. Company Profile: Key Players 11.1. DSM N.V 11.1.1. Company Overview 11.1.2. Business Portfolio 11.1.3. Financial Overview 11.1.4. SWOT Analysis 11.1.5. Strategic Analysis 11.1.6. Details on Partnership 11.1.7. Awards Received by the Firm 11.1.8. Recent Developments 11.2. Emcure Pharmaceuticals Ltd 11.3. Gemini Pharmaceuticals, Inc. 11.4. Accord-UK Ltd 11.5. Healthy Hey LLP 11.6. Zydus Pharmaceuticals USA 11.7. LGM Pharma 11.8. Anthem Biosciences Private Limited 11.9. Others Key Players 12. Key Findings and Analyst Recommendations 13. Folate Market: Research Methodology
