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What fueled the previous growth in the folate market?

In the past few years, the folate market has experienced robust growth. It is projected to expand from $2.49 billion in 2024 to $2.71 billion in 2025, with a compound annual growth rate (CAGR) of 8.8%. The significant growth during the historical period can be linked to the increased understanding of folate’s health benefits, such as preventing birth defects and enhancing overall health, a rise in the intake of fortified foods and folate-rich dietary supplements, increased occurrence of conditions related to folate deficiency like neural tube defects and anemia, escalating healthcare initiatives advocating for folate supplementation among pregnant women, and a surge in research and clinical studies.

What will be the folate market size in the future?

In the coming years, the folate market is anticipated to witness considerable growth, potentially expanding to $3.74 billion in 2029 with a compound annual growth rate (CAGR) of 8.4%. This projected growth during the forecast period can be linked to the increasing demand for folate-enriched foods and dietary supplements utilized for preventive healthcare purposes. Other contributing factors include the rise in chronic diseases for which folate is beneficial, such as certain cancers and heart-related diseases, increasing cognizance of folate’s effects on mental health and cognition, the broadening use cases of folate in tailor-made nutrition and health solutions, and the growth in government and health sector initiatives endorsing folate supplementation in public health schemes. Over the forecast period, emerging trends include food fortification enhancement with folate, including breakthrough products, the burgeoning market for customizable folate supplements targeting individual health requirements, technological advances promoting enhanced folate delivery and absorption in supplements, and digital health implements for tracking.

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What main drivers are fueling expansion in the folate market?

The folate market is poised for growth, propelled by the increased demand for nutritional supplements. Nutritional supplements are designed to cover the deficit or lack of specific nutrients in a person’s regular diet. As consumer emphasis on health and wellness grows, so does the demand for dietary supplements, particularly those enriched with essential vitamins like folate. Folate is instrumental in avoiding birth defects, aiding cell function, and decreasing the propensity for chronic diseases, making it a favored component in prenatal vitamins and other health-based products. As stated by Armor Proteines, a nutritional and functional dairy ingredients manufacturer based in France, France’s nutritional supplement earnings for 2022 were around $2.87 billion, a 3% rise from the previous year. Hence, the escalating demand for nutritional supplements is fueling the folate market’s expansion.

What key areas define the segmentation of the global folate market?

The folate market covered in this report is segmented –

1) By Type: 5-Methyltetrahydrofolate (MTHF) Calcium Salt, 5-Methyltetrahydrofolate (MTHF) Glucosamine Salt

2) By Source: Fruit, Milk, Green Vegetables, Liver, Seafood

3) By Form: Tablets, Capsules, Powder, Lozenges, Gummies, Other Forms

4) By Application: Food Industry, Nutraceuticals, Pharmaceuticals

5) By End User: Fortified Foods, Baby Foods, Supplements

Subsegments:

1) By 5-Methyltetrahydrofolate (MTHF) Calcium Salt: Pharmaceutical Grade MTHF Calcium Salt, Nutraceutical Grade MTHF Calcium Salt, Food Grade MTHF Calcium Salt, Specialty MTHF Calcium Salt Formulations

2) By 5-Methyltetrahydrofolate (MTHF) Glucosamine Salt: Pharmaceutical Grade MTHF Glucosamine Salt, Nutraceutical Grade MTHF Glucosamine Salt, Food Grade MTHF Glucosamine Salt, Specialty MTHF Glucosamine Salt Formulations

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Who are the dominant players expanding their reach in the folate market?

Major companies operating in the folate market are BASF SE, Merck KGaA, DSM Nutritional Products, Shandong Xinhua Pharmaceutical Co., Lincoln Pharmaceuticals Ltd., Nature’s Bounty Co, Jiangxi Tianxin Pharmaceutical Co. Ltd., Zydus Cadila Healthcare Ltd., Jubilant Pharmova Ltd., Emcure Pharmaceuticals Ltd., Pharmavite LLC, Niutang Chemical Plant Co. Ltd., Gemini Pharmaceuticals Inc., Synokem Pharmaceuticals Ltd., ITM Isotope Technologies Munich SE, NattoPharma ASA, D.S. Lab, Gnosis by Lesaffre, Gnosis SPA, AIE Pharmaceuticals Inc., Hebei Jiheng Group Pharmacy Co. Ltd., Seidler Chemical Co. Inc., Superior Supplement Manufacturing

How are evolving market trends shaping folate Strategies?

Leading firms in the folate market are producing innovative offerings such as choline-enriched folate to increase the health benefits of folate supplements, boost cognition and promote overall brain wellbeing. Choline-enriched folate is a type of fortified product or dietary supplement that blends folate (Vitamin B9) with choline, a crucial nutrient that aids in the functioning of the brain, liver health, and the integrity of cellular membranes. For example, in June 2024, Balchem, an American producer of unique ingredients for human health and nutrition, introduced Optifolin+. This product incorporates the use of patented L-5-methylfolate containing 98% active methylating nutrients, which is seven times more than other folate products. It improves stability, solubility, shelf-life and functionality for a more simplistic product development process. Furthermore, Optifolin+ promotes DNA and RNA synthesis, formation of red blood cells, overall brain health, and aids in maintaining healthy homocysteine levels.

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Which regions are emerging as leaders in the folate market?

North America was the largest region in the folate market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the folate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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