The global folate market was worth approximately USD 789.3 million in 2022, and industry experts predict that it will be worth approximately USD 1113.4 million by 2030, growing at a compound yearly growth rate (CAGR) of approximately 3.5% between 2023 and 2030.
Folate Market: Overview
Folate, often known as vitamin B9 or folic acid, is a B vitamin family important ingredient. Folate is also known as folate at times. Folate is a member of the B vitamin group of nutrients. It is a water-soluble vitamin, which means it is rapidly absorbed in water and does not accumulate much in the body. Furthermore, the fact that it has this name implies that it is easily edible. As a result, it is critical to incorporate it into one's diet on a regular basis to ensure that one's levels remain optimal. Folate is a nutrient that helps the body produce DNA and RNA, contributes to the maturation of red and white blood cells, and aids in the breakdown of amino acids. Folate also aids in the development of red and white blood cells.
It is especially important during life periods characterized by accelerated cell division and growth, such as childhood, pregnancy, and adolescence when these stages occur. One of the most essential activities of folate in the body is its participation in the creation and repair of DNA, the genetic material present within each cell. It is required for the formation of new cells, notably red blood cells, which are responsible for transporting oxygen throughout the body and play an important role in cell synthesis. In addition to being required for the production of neurotransmitters, folate is required for the normal and healthy functioning of the brain.
Read Related:
https://www.zionmarketresearch.com/news/global-folate-market
Folate Market: Growth Drivers
Folic acid supplementation is gaining popularity among the general people as an important health practice.
Folate is a nutrient that is required for the development of the fetus, especially in the early stages of pregnancy while the neural tube is still being formed. The importance of folate in fetal development cannot be overstated. Inadequate folate intake during pregnancy can result in neural tube abnormalities in the developing infant, such as spina bifida. These problems can be avoided by consuming a healthy, high-folate diet.
Folate Market: Segmentation
The global folate market can be divided into various submarkets distinguishable from one another by product type, application, end users, and geographic location.
Folic acid and natural folate are the two distinct product categories that comprise the two distinct subcategories of the global market. During the period under consideration for the projection, the folic acid segment is expected to capture the biggest market share. Folic acid fortification programs have been adopted as a public health strategy in a number of nations with the goal of lowering the occurrence of neural tube abnormalities (NTDs) in infants. Neural tube defects (NTDs) are serious birth anomalies that can affect both the brain and the spine. Consumption of folic acid before and throughout pregnancy can help minimize the likelihood of having a kid with an NTD. The addition of vitamin folic acid to fundamental foods such as cereals, bread, pasta, and flour is the most common form of folic acid fortification. Folic acid fortification can also occur spontaneously.
Folate Market: Regional Analysis
It is expected that North America will have the biggest market share during the projection period. Because North America has the most people, this is the case.
The North American area, which includes the United States of America and Canada, is a significant player in the global folate market. The Americas are home to this market. It sets itself apart from other areas by having a well-established healthcare infrastructure, a high level of consumer awareness, and a strong emphasis on preventative healthcare and well-being. The demand for nutritional supplements, genetically modified foods, and pharmaceuticals all contribute to North America's significant market share in the global folate business, which the area now controls.
Folate Market: Competitive Analysis
The global folate market is dominated by players like:
DSM Nutritional Products
BASF SE
Gnosis by Lesaffre
Merck KGaA
Zhejiang Shengda Bio-Pharm Co. Ltd.
Jubilant Life Sciences Ltd.
NattoPharma
NBTY Inc. (Nature’s Bounty Co.)
Pharmavite LLC
NOW Health Group Inc.
The global folate market is segmented as follows
By Type
Folic Acid
Natural Folate
By Application
Food industry
Nutraceuticals
Pharmaceuticals
By End-user
Fortified Foods
Baby Foods
Supplement
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
Contact US
Zion Market Research
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL-FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
Read Also:
https://issuu.com/rohitdigitalmarketing/docs/phenoxycycloposphazene_market.pptx
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek