Folic Acid Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2022 to 2028)

The global folic acid market is estimated to grow at a CAGR of nearly 4.5% during the forecast period. The major factors contributing to the market growth include a significant prevalence of anemia and emerging applications in pharmaceuticals and dietary supplements. As per the World Health Organization (WHO), 42% of children below 5 years of age and 40% of pregnant women globally are anemic. As per the World Bank, in 2016, there were 32.8% women of reproductive age (15-49) suffering from anemia globally. Nutritional deficiencies, especially iron deficiency, deficiencies in folate, and lack of vitamins A and B12 are some major causes of anemia.

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Anemia is caused by either a reduction in the production of red blood cells or hemoglobin or rise in the loss or destruction of red blood cells. These results in an emerging demand for folic acid (Vitamin B9) that enables the body to make healthy red blood cells. Certain foods and drinks, such as dark green vegetables and citrus juices, are primarily good sources of folate, which is highly crucial in women of childbearing age. During pregnancy, a folate deficiency can lead to birth defects. Most people get an adequate amount of folate from food. Several foods contain additional folate which is in the form of folic acid, for prevention of deficiency.

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  • Market Coverage
  • Market number available for – 2022-2028
  • Base year- 2021
  • Forecast period- 2022-2028
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others

Global Folic Acid Market- Segmentation

By Form

  • Tablets
  • Capsules and Softgels
  • Powder
  • Others

By Application

  • Dietary Supplements
  • Pharmaceuticals
  • Food and Beverages
  • Others

Global Folic Acid Market– Segment by Region 

North America

  • US
  • Canada

Europe

  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Rest of Asia-Pacific

Rest of the World

The Report Covers

  • Market value data analysis of 2019 and forecast to 2026.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global folic acid market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying ‘who-stands-where’ in the market.

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