Folic Acid Market Trends, Size, Share, and Growth Forecast by 2032

Folic Acid Market Trends, Size, Share, Report, Growth and Forecast to 2032 The global folic acid market was valued at USD 728.46 million in 2024 and is projected to grow to USD 770.42 million in 2025, reaching USD 1,158.42 million by 2032. This represents a CAGR of 5.97% between 2025 and 2032. In 2024, North America accounted for the largest share of the market with 38.89%. Folic acid, commonly known as Vitamin B9, is a water-soluble vitamin extensively used in dietary supplements and food fortification. Since the body cannot synthesize or store folate, it must be obtained externally, making it vital for overall health. Vitamin B9 supports the production of healthy red blood cells and helps prevent folate deficiency. Natural dietary sources include spinach, Brussels sprouts, asparagus, bananas, beef, and other vegetables and meats. Folic acid is particularly critical for pregnant and nursing women, as it reduces the risk of neural tube defects in infants. The National Institutes of Health (NIH) recommends a daily intake of 400 mcg of Dietary Folate Equivalents (DFE) for expectant mothers. Rising cases of iron deficiency anemia and the presence of major Vitamin B9 producers worldwide are key factors propelling market growth. Prominent players include DSM Firmenich, Parchem, Jiangxi Tianxin Pharmaceutical Co., Ltd., and Nantong Changhai Food Additive. The COVID-19 pandemic disrupted the vitamin industry with raw material shortages, supply chain issues, and logistical delays during early lockdowns. However, consumer demand surged as people increasingly focused on immunity and overall health, boosting folic acid sales. Information Source: https://www.fortunebusinessinsights.com/folic-acid- market-112316 Market Trends Nutricosmetics Fuel Market Expansion

The growing nutricosmetics segmentsupplements that enhance skin, hair, and beauty from within is driving demand for folic acid. With rising interest in holistic health and protection against environmental stressors, Vitamin B9 is being increasingly integrated into advanced formulations thanks to its role in cell repair, regeneration, and UV protection. Market Dynamics The growing prevalence of anemia is a major growth driver, particularly among pregnant women, new mothers, adolescents, and children. Poor diets, chronic illnesses, and genetic factors contribute to the problem, increasing reliance on folic acid. Additionally, government-led fortification programs in regions such as the U.S., Canada, and Europe have been highly effective in reducing folate deficiency, inspiring similar initiatives globally. Challenges persist due to risks linked with excessive folic acid intake, which can cause complications like skin irritation, stomach ulcers, loss of appetite, and seizures. These health concerns may slow adoption rates and influence healthcare recommendations. On the opportunity side, biotechnological advances such as microbial fermentation are enabling more sustainable and cost-effective folic acid production, lowering reliance on traditional chemical synthesis. Yet, the sector faces obstacles like high production costs and intensifying competition, which exert pressure on profit margins. Segmentation Insights Synthetic folic acid dominates the market by source due to its affordability and wider availability, making it the preferred option over natural alternatives, while by application, the food & beverage sector leads, driven by increasing consumer demand for fortified products that support better health outcomes. Regional Outlook The market is divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. North America remains the top contributor, supported by strong consumer adoption of fortified foods and supplements, coupled with active government-backed nutrition programs. Competitive Landscape Strategic Initiatives: Leading companies are focusing on product launches, portfolio expansion, and new regional entries to strengthen market positioning.

The rising demand for prenatal vitamins and the prevalence of anemia present lucrative opportunities. Key Players: DSM Firmenich (Switzerland) Jiangxi Tianxin Pharmaceutical Co., Ltd. (China) Parchem (U.S.) Nantong Changhai Food Additive (China) Xinfa Pharmaceutical Co., Ltd. (China) Foodchem International Corporation (China) Hebei Jiheng Pharmaceutical Co., Ltd. (China) Fengchen Group Co., Ltd. (China) Vivion (U.S.) Superior Supplement Manufacturing (U.S.) Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample- pdf/folic-acid-market-112316 Recent Industry Development November 2024: The Department of Health in Northern Ireland introduced mandatory fortification of non-wholemeal flour with folic acid, aiming to reduce the incidence of neural tube defects in newborns.