Folic Acid Market Size, Share & Trends Analysis Report By Product (Food & Beverages, Pharmaceuticals, Nutraceuticals, Others), By Distribution Channel (Online, Offline), By Region (North America, Europe, Asia Pacific), And Segment Forecasts, 2025 - 2030

PUBLISHED: December 24, 2024

PAGES: 100 Pages

DELIVERY TIME: 2-10 business days

ADD TO COMPARE

SELECT AN OPTION

The global folic acid market size is expected to reach USD 1.40 billion by 2030, registering a CAGR of 5.1% from 2025 to 2030, according to a new report by Grand View Research, Inc. Growing consumption of vitamin B9 as a source of an essential supplement during pregnancy by women that minimizes the risk of congenital disabilities in infants is anticipated to augment the market demand in the coming years.

Folic acid is required for the metabolism of specific biochemical reactions and cell division in the body. It plays a significant role in the development of the nervous system in the growing fetus. Moreover, it is involved in the formation of red blood cells, supporting the normal development of the neural tube in the fetus. Market drivers include the increasing demand from pharmaceutical and nutraceuticals industry for manufacturing instant folate-rich food products owing to its health benefits.

Improved medical facilities, increasing disposable income and adoption of social programs by the government to encourage healthcare initiatives have led to growing demand folic acid products. Pharmaceuticals dominated the market in 2015, followed by nutraceuticals. Asia Pacific dominated the folic acid market in 2015 due to the high production of the raw material in emerging economies such as China, which is a primary manufacturer of the vitamins globally.

Companies such as BASF SE, Zydus Pharmaceuticals Ltd., Medicamen Biotech Ltd., Jiangxi Tianxin Pharmaceutical Co. Ltd., Koninklijke DSM N.V., and Emcure Pharmaceuticals Ltd. have implemented acquisition and expansion business strategies to increase their geographical presence. Few global players have invested in R&D amenities to discover advanced and innovative folic products with higher efficacy rate and ease of use.

Folic Acid Market Report Highlights:

The food & beverages segment dominated the global folic acid market based on application, with a revenue share of 38.8% in 2024.
The pharmaceuticals segment is also expected to experience the fastest CAGR from 2025 to 2030. Pharmaceutical formulations incorporating folic acid as the active ingredient are widely utilized in the treatment of patients exhibiting folate-deficient anemia.
The offline segment held the largest revenue share of the folic acid market in 2024. A substantial proportion of end-users who incorporate folic acid into their product formulations exhibit a preference for offline procurement channels.
The North America folic acid industry dominated the global market, with a revenue share of 32.8% in 2024. The region exhibits a high prevalence of folate-deficiency anemia, which has stimulated demand for fortified food products containing folic acid.
The Asia Pacific folic acid market is anticipated to experience the fastest CAGR during the forecast period.

Product Code: GVR-1-68038-729-2

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
1.4. Information Analysis
- 1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary

2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot

Chapter 3. Folic Acid Market Variables, Trends & Scope

3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
3.4. Industry Analysis Tools
- 3.4.1. Porter's Five Forces Analysis
3.5. Market Entry Strategies

Chapter 4. Folic Acid Market: Application Estimates & Trend Analysis

4.1. Folic Acid Market, By Application: Key Takeaways
4.2. Application Movement Analysis & Market Share, 2024 & 2030
4.3. Market Estimates & Forecasts, By Application, 2018 - 2030 (USD Million)
- 4.3.1. Food & Beverages
  - 4.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.3.2. Pharmaceuticals
  - 4.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.3.3. Nutraceuticals
  - 4.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 4.3.4. Others
  - 4.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)

Chapter 5. Folic Acid Market: Distribution Channel Estimates & Trend Analysis

5.1. Folic Acid Market, By Distribution Channel: Key Takeaways
5.2. Distribution Channel Movement Analysis & Market Share, 2024 & 2030
5.3. Market Estimates & Forecasts, by Distribution Channel, 2018 - 2030 (USD Million)
- 5.3.1. Offline
  - 5.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 5.3.2. Online
  - 5.3.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)

Chapter 6. Folic Acid Market: Regional Estimates & Trend Analysis

6.1. Folic Acid Market: Regional Outlook
6.2. Regional Marketplaces: Key Takeaways
6.3. Market Estimates & Forecasts, by Region, 2018 - 2030 (USD Million)
- 6.3.1. North America
  - 6.3.1.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.1.2. U.S.
    - 6.3.1.2.1. Key country dynamics
    - 6.3.1.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.1.3. Canada
    - 6.3.1.3.1. Key country dynamics
    - 6.3.1.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.1.4. Mexico
    - 6.3.1.4.1. Key country dynamics
    - 6.3.1.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.2. Europe
  - 6.3.2.1. Market estimates and forecast, 2018 - 2030, (USD Million)
  - 6.3.2.2. U.K.
    - 6.3.2.2.1. Key country dynamics
    - 6.3.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.2.3. Germany
    - 6.3.2.3.1. Key country dynamics
    - 6.3.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.2.4. France
    - 6.3.2.4.1. Key country dynamics
    - 6.3.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.2.5. Italy
    - 6.3.2.5.1. Key country dynamics
    - 6.3.2.5.2. Market estimates and forecast, 2018 - 2030, (USD Million)
  - 6.3.2.6. Spain
    - 6.3.2.6.1. Key country dynamics
    - 6.3.2.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.3. Asia Pacific
  - 6.3.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.3.2. China
    - 6.3.3.2.1. Key country dynamics
    - 6.3.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.3.3. India
    - 6.3.3.3.1. Key country dynamics
    - 6.3.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.3.4. Japan
    - 6.3.3.4.1. Key country dynamics
    - 6.3.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.3.5. Australia & New Zealand
    - 6.3.3.5.1. Key country dynamics
    - 6.3.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.3.6. South Korea
    - 6.3.3.6.1. Key country dynamics
    - 6.3.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.4. Central & South America
  - 6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.4.2. Argentina
    - 6.3.4.2.1. Key country dynamics
    - 6.3.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)
- 6.3.5. Middle East & Africa
  - 6.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.5.2. South Africa
    - 6.3.5.2.1. Key country dynamics
    - 6.3.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Million)

Chapter 7. Folic Acid Market: Competitive Analysis

7.1. Recent Developments & Impact Analysis, by Key Market Participants
7.2. Company Categorization
7.3. Participant's Overview
7.4. Financial Performance
7.5. Application Benchmarking
7.6. Company Market Share Analysis, 2024 (%)
7.7. Company Heat Map Analysis
7.8. Strategy Mapping
7.9. Company Profiles
- 7.9.1. BASF SE
  - 7.9.1.1. Company Overview
  - 7.9.1.2. Financial Performance
  - 7.9.1.3. Application Portfolios
  - 7.9.1.4. Strategic Initiatives
- 7.9.2. Koninklijke DSM N.V.
  - 7.9.2.1. Company Overview
  - 7.9.2.2. Financial Performance
  - 7.9.2.3. Application Portfolios
  - 7.9.2.4. Strategic Initiatives
- 7.9.3. Zydus Pharmaceuticals Ltd.
  - 7.9.3.1. Company Overview
  - 7.9.3.2. Financial Performance
  - 7.9.3.3. Application Portfolios
  - 7.9.3.4. Strategic Initiatives
- 7.9.4. Medicamen Biotech Ltd.
  - 7.9.4.1. Company Overview
  - 7.9.4.2. Financial Performance
  - 7.9.4.3. Application Portfolios
  - 7.9.4.4. Strategic Initiatives
- 7.9.5. Emcure Pharmaceuticals Ltd.
  - 7.9.5.1. Company Overview
  - 7.9.5.2. Financial Performance
  - 7.9.5.3. Application Portfolios
  - 7.9.5.4. Strategic Initiatives
- 7.9.6. Jiangxi Tianxin Pharmaceutical Co. Ltd.
  - 7.9.6.1. Company Overview
  - 7.9.6.2. Financial Performance
  - 7.9.6.3. Application Portfolios
  - 7.9.6.4. Strategic Initiatives
- 7.9.7. Xinjiang Wujiaqu Xingnong Cycle Chemical Co. Ltd.
  - 7.9.7.1. Company Overview
  - 7.9.7.2. Financial Performance
  - 7.9.7.3. Application Portfolios
  - 7.9.7.4. Strategic Initiatives
- 7.9.8. Changzhou Niutang Chemical Plant Co. Ltd.
  - 7.9.8.1. Company Overview
  - 7.9.8.2. Financial Performance
  - 7.9.8.3. Application Portfolios
  - 7.9.8.4. Strategic Initiatives
- 7.9.9. Shandong Xinfa Pharmaceutical Co., Ltd.
  - 7.9.9.1. Company Overview
  - 7.9.9.2. Financial Performance
  - 7.9.9.3. Application Portfolios
  - 7.9.9.4. Strategic Initiatives
- 7.9.10. Hebei Jiheng Group Pharmacy Co Ltd.
  - 7.9.10.1. Company Overview
  - 7.9.10.2. Financial Performance
  - 7.9.10.3. Application Portfolios
  - 7.9.10.4. Strategic Initiatives

Product Code: GVR-1-68038-729-2

List of Tables

Table 1 Global folic acid market: Key market driver analysis
Table 2 Global folic acid market: Key market restraint analysis
Table 3 Global folic acid market estimates & forecast, by application (USD Million)
Table 4 Global folic acid market estimates & forecast, by distribution channel (USD Million)
Table 5 North America folic acid market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 6 North America folic acid market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 7 North America folic acid estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 8 U.S macro-economic outlay
Table 9 U.S folic acid market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 10 U.S folic acid market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 11 Canada macro-economic outlay
Table 12 Canada folic acid market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 13 Canada folic acid market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 14 Mexico macro-economic outlay
Table 15 Mexico folic acid market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 16 Mexico folic acid market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 17 Europe folic acid market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 18 Europe folic acid market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 19 Europe folic acid market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 20 U.K macro-economic outlay
Table 21 U.K folic acid market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 22 U.K folic acid market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 23 Germany macro-economic outlay
Table 24 Germany folic acid market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 25 Germany folic acid market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 26 France macro-economic outlay
Table 27 France folic acid market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 28 France folic acid market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 29 Italy macro-economic outlay
Table 30 Italy folic acid market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 31 Italy folic acid market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 32 Spain macro-economic outlay
Table 33 Spain folic acid market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 34 Spain folic acid market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 35 Asia Pacific folic acid market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 36 Asia Pacific folic acid market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 37 Asia Pacific folic acid market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 38 China macro-economic outlay
Table 39 China folic acid market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 40 China folic acid market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 41 India macro-economic outlay
Table 42 India folic acid market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 43 India folic acid market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 44 Japan macro-economic outlay
Table 45 Japan folic acid market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 46 Japan folic acid market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 47 Australia & New Zealand macro-economic outlay
Table 48 Australia & New Zealand folic acid market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 49 Australia & New Zealand folic acid market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 50 South Korea macro-economic outlay
Table 51 South Korea folic acid market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 52 South Korea folic acid market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 53 Central & South America folic acid market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 54 Central & South America folic acid market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 55 Central & South America folic acid market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 56 Argentina macro-economic outlay
Table 57 Argentina folic acid market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 58 Argentina folic acid market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 59 Middle East & Africa folic acid market estimates and forecast, by country, 2018 - 2030 (USD Million)
Table 60 Middle East & Africa folic acid market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 61 Middle East & Africa folic acid market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 62 South Africa macro-economic outlay
Table 63 South Africa folic acid market estimates and forecast, by application, 2018 - 2030 (USD Million)
Table 64 South Africa folic acid market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
Table 65 Recent developments & impact analysis, by key market participants
Table 66 Company heat map analysis, 2024
Table 67 Companies implementing key strategies

List of Figures

Fig. 1 Folic acid market segmentation
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research approaches
Fig. 5 Primary research process
Fig. 6 Market snapshot
Fig. 7 Segment snapshot
Fig. 8 Regional snapshot
Fig. 9 Competitive landscape snapshot
Fig. 10 Global parent industry and folic acid market size (USD Million)
Fig. 11 Global folic acid market size, 2018 to 2030 (USD Million)
Fig. 12 Folic acid market: Penetration & growth prospect mapping
Fig. 13 Folic acid market: Value chain analysis
Fig. 14 Folic acid market: Dynamics
Fig. 15 Folic acid market: Porter's five forces analysis
Fig. 16 Folic acid market estimates & forecast, by application (USD Million)
Fig. 17 Food & Beverages market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 18 Pharmaceuticals market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 19 Nutraceuticals market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 20 Others market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 21 Folic acid market estimates & forecast, by distribution channel (USD Million)
Fig. 22 Folic acid market estimates & forecasts for indoors, 2018 - 2030 (USD Million)
Fig. 23 Folic acid market estimates & forecasts for outdoors, 2018 - 2030 (USD Million)
Fig. 24 Folic acid market: Regional outlook, 2024 & 2030, (USD Million)
Fig. 25 Regional marketplace: Key takeaways
Fig. 26 North America folic acid market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 27 US folic acid market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 28 Canada folic acid market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 29 Mexico folic acid market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 30 Europe folic acid market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 31 UK folic acid market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 32 Germany folic acid market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 33 France folic acid market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 34 Italy folic acid market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 35 Spain folic acid market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 36 Asia Pacific folic acid market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 37 China folic acid market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 38 India folic acid market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 39 Japan folic acid market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 40 Australia & New Zealand folic acid market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 41 South Korea folic acid market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 42 Central & South America folic acid market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 43 Argentina folic acid market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 44 Middle East & Africa folic acid market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 45 South Africa folic acid market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 46 Key company categorization
Fig. 47 Strategic framework of folic acid