Folate Market Size
Market Outlook:
Base Year Value (2023)
USD 932.89 Million
CAGR (2024-2032)
6.3%
Forecast Year Value (2032)
USD 1616.7 Million
Historical Data Period
2019-2023
Largest Region
Asia Pacific
Forecast Period
2024-2032
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Market Dynamics:
Growth Drivers & Opportunity:The increasing awareness about the health benefits of folate consumption is driving the growth of the folate market. Consumers are becoming more knowledgeable about the importance of folate in preventing birth defects and promoting overall health, leading to higher demand for folate-enriched products.
Another major growth driver for the folate market is the rising adoption of folate supplements among pregnant women. The supplementation of folate during pregnancy is crucial for the prevention of neural tube defects in babies, which has led to a surge in the demand for folate supplements in the market.
The growing prevalence of lifestyle-related diseases such as cardiovascular diseases and cancer is also propelling the growth of the folate market. Folate is known to play a vital role in preventing these diseases by supporting cell division and DNA synthesis, making it a popular choice among consumers looking to maintain their health.
Industry
Report Scope
| Report Coverage | Details |
|---|---|
| Segments Covered | Type, Form |
| Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
| Company Profiled | Medicamen Biotech., Koninklijke DSM N.V, Superior Supplement Manufacturing, Gnosis SPA, Seidler Chemical Co,, Nutritional Supplement Manufacturers,, Shandong Xinfa Pharmaceutical Co., AIE Pharmaceuticals,, Hebei Jiheng Group Pharmacy Co., Changzhou |
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A substantial impediment for the folate market is the limited availability of natural food sources of folate. While folate can be found in various foods such as leafy greens, fruits, and legumes, the levels of naturally occurring folate may not always be sufficient to meet the recommended daily intake, leading to a reliance on fortified foods and supplements.
Another significant restraint facing the folate market is the lack of awareness about folate deficiency among the general population. Many individuals are unaware of the symptoms and health risks associated with folate deficiency, which hinders the demand for folate-enriched products and supplements in the market.
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