Market Size of Folic Acid Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.11 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Folic Acid Market Analysis
The folic acid market is expected to register a CAGR of 5.11% during the forecast period, 2022-2027.
The COVID-19 outbreak positively impacted the market due to the increased awareness of preventative health. This factor has created an inclination toward the regular intake of supplements and other fortified food products, thus propelling the overall demand for the market.
Increasing demand for folic acid and folate supplements among pregnant women, increasing awareness regarding micronutrients, and rising prevalence of anemia are some of the key factors stimulating the growth of the market studied.
Furthermore, the growing awareness about the health impacts caused by the deficiency of this vitamin, such as anemia and mouth ulcers, is supporting the market's growth. Folate supplement helps form DNA and RNA and improves protein metabolism.
