Folate Market Size, Share, and Trends 2025 to 2034

The global folate market size is calculated at USD 1042.17 million in 2025 and is forecasted to reach around USD 1787.55 million by 2034, accelerating at a CAGR of 6.15% from 2025 to 2034. The North America folate market size surpassed USD 403.49 million in 2024 and is expanding at a CAGR of 6.24% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Million), with 2024 as the base year.

  • Last Updated : 07 Jan 2025
  • Report Code : 1236
  • Category : Chemical and Material

Folate Market Size and Forecast 2025 to 2034

The global folate market size was estimated at USD 984.11 million in 2024 and is anticipated to reach around USD 1787.55 million by 2034, expanding at a CAGR of 6.15% from 2025 to 2034.

Folate Market Size 2025 To 2034

Folate Market  Key Takeaway

  • North America led the folate market with the largest market share of 41% in 2024.
  • By type, the 5-MTHF calcium salt segment has held a significant market share in 2024.
  • By End User, The pharmaceuticals and nutraceuticals segment accounted the biggest market share in 2024.

Impact of AI on the Folate Market 

The integration of AI plays a crucial role as it helps to discover new research insights. AI algorithms have the ability to predict how different compounds interact, which helps streamline R&D processes. AI also help in developing personalized nutrition by analyzing individual patients’ dietary habits and health conditions. Moreover, it helps in the quality control process, leading to enhanced quality of folate supplements.

U.S. Folate Market Size and Growth 2025 to 2034

The U.S. folate market size was evaluated at USD 302.61 million in 2024 and is predicted to be worth around USD 560.09 million by 2034, rising at a CAGR of 6.35% from 2025 to 2034.

U.S. Folate Market Size 2025 To 2034

The global research report offers market trends for folate products worldwide that is for North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Geographically, folate market is conquered by North America owing to increasing demand from pharmaceutical and nutraceuticals industries for the end-user applications especially in the U.S. and Canada of the region. Asia Pacific is expected to register the fast growth rate, on account of increasing huge investment by key market players and growing adoption of the folate in the medical industries of the region. Also, increasing usage of the folate in the commercial industries for the various end user applications is driving growth of the industry in rest of the world.

Folate Market Share, By Region, 2024 (%)

Market Overview

Global folate industry is expected to continue its growth at significant CAGR during the forecast period owing to it increasing demand in pharmaceutical industries for endues applications. Further, advancements in the food service and food processing industry, is major factor anticipated to create lucrative growth opportunities for the key layers operating in the target sector. Growth of demand of nutritional food products and rising awareness for healthy food, has led, advancements in the food service and food processing industry which is creating opportunities folate market players worldwide. Further, due to COVID-19 Outbreak, the demand for vitamin supplements has risen exponentially, and the demand for folate is increasing rapidly. Hence the demand for the folate in the food industry will boost over the forecast period and will create growth opportunities for the key player’s operating in the target sector.

Future of Global Folate Market

Key companies of the global industry such as Koninklijke DSM N.V and Merck are aiming towards business growth by implementing strategies like capacity expansion, innovative product launches and heavy investments in their production facilities that is expected to flourish the global folate market growth in the near future. This trend is expected to continue and will augment growth of the global folate industry in the next 10 years. Further, increasing end use applications of folate and rising medical industry are boosting growth of the folate industry in the coming years.

Folate Market Growth Factors

  • Growing demand for folic acid in nutraceuticals and pharmaceuticals industries
  • Health awareness among consumers
  • Increasing adoption of folic acid for reduction of risk of neural tube birth defects and to treat kidney diseases

Market Scope

Report Highlights Details
Market Size in 2024 USD 984.11 million
Market Size in 2025 USD 1042.17 million
Market Size by 2034 USD 1787.55 million
Growth Rate from 2025 to 2034 CAGR of 6.15% 
Base Year 2024
Forecast Period 2025 to 2034
Segments Covered Type, Form , End User
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)

5-MTHF Calcium Salt Segment Is Projected To Dominate the Type Segment of Folate Market Revenue

The 5-MTHF calcium salt segment has held a significant market share in 2024. The 5-MTHF calcium salt folate segment is expected to dominate in terms of revenue over the forecast time frame and expected to continue its growth in the near future. However, the 5-MTHF glucosamine salt folate segment will expand at a substantial CAGR during the forecast time-frame owing to its increasing applications in the end-use sector in the globe.

Tablet Segment Is Projected To Dominate the Type Segment of Folate Market Revenue

On the basis of form, global market is segregated as gummies, capsules, lozenges, powder, tablets, and others. Tablet segment will dominate the target market in the near future owing to its increasing demand worldwide. Powder form is expected register maximum CAGR during the forecast time-frame.

Pharmaceuticals & Nutraceuticals Segment Is Projected To Dominate the End-use Segment of Folate Market Revenue

On the basis of end-use segment pharmaceuticals & nutraceuticals end-use segment is expected to dominate in terms of revenue over the forecast time frame. The growth is attributed to growing adoption of folates in the pharmaceuticals & nutraceuticals applications. Folate is commonly used in nutrition therapy for the treatment of nervous system, urinary and cardiovascular diseases in the pharmaceutical industry. Food & beverages segment will expand at a significant CAGR during the forecast time-frame.

Folate Market Companies

  • Medicamen Biotech Ltd.
  • Koninklijke DSM N.V
  • Superior Supplement Manufacturing
  • Gnosis SPA
  • Seidler Chemical Co, Inc.
  • Nutritional Supplement Manufacturers, Inc.
  • Shandong Xinfa Pharmaceutical Co.
  • AIE Pharmaceuticals, Inc.
  • Hebei Jiheng Group Pharmacy Co Ltd.
  • Changzhou
  • Niutang Chemical Plant Co. Ltd.
  • Jiangxi Tianxin Pharmaceutical Co. Ltd.
  • BASF SE
  • HEMA PHARMACEUTICALS PVT. LTD.
  • Merck
  • Gemini Pharmaceuticals, Inc.
  • Emcure Pharmaceuticals Ltd.
  • Nantong Changhai Food Additive

Key Market Developments

  • In November 2024, Cadila Pharmaceuticals launched Militol, an iron supplement that contains ferric maltol, a low-dose form of ferric iron complexed with maltol and folic acid.
  • In September 2024, researchers were able to use renewable energy and microbes to produce protein and vitamin B9 as an alternative option. Largus Angenent of the University of Tübingen, Germany, stated that the fermentation process was given gas and acetate to produce vitamin B9. This vitamin is also known as folate and is essential for bodily functions like cell growth and metabolism.

Segments Covered in the Report

By Type

  • 5-MTHF Calcium Salt
  • 5-MTHF Glucosamine Salt

By Form

  • Tablets
  • Capsules
  • Powder
  • Lozenges
  • Gummies
  • Others

By End-User

  • Food & Beverages
  • Pharmaceuticals & Nutraceuticals
  • Agriculture & Feed
  • Others

By Geography

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

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Frequently Asked Questions

According to Precedence Research, the global folate market size was valued at USD 984.11 million in 2024 and is anticipated to hit over USD 1787.55 million by 2034.

Folate is vitamin B9 well-known for its role in supporting a healthy pregnancy along with the fetal development. As a main ingredient for anemia prevention, it is also commonly used in the pharmaceutical industry. Folate is used by women as a dietary supplement to prevent the creation of neural tube imperfections during pregnancy. It is a form of long-term supplementation that is also associated with minor reductions in the risk of cardiovascular disease and stroke. A major factor driving demand for the consumption of folate-based products and the internal growth of the target industry is increasing health consciousness among consumers worldwide. In addition, the main factor for the growth of the folate market is increase in female fertility rates, particularly in the Asia-Pacific region.

The global folate market is rising with a CAGR of 6.15% during the forecast period 2025 to 2034.

The 5-MTHF calcium salt folate segment is expected to dominate in terms of revenue over the forecast time frame and expected to continue its growth in the near future.

In 2024, North America conquered the global market with a market share of more than 41%.

Asia Pacific is expected to register the fast growth rate, on account of increasing huge investment by key market players and growing adoption of the folate in the medical industries of the region.

The crucial factors accountable for folate market growth are growing demand for folic acid in nutraceuticals and pharmaceuticals industries, health awareness among consumers and increasing adoption of folic acid for reduction of risk of neural tube birth defects and to treat kidney diseases.

The key companies functioning in the worldwide folate are Medicamen Biotech Ltd.Koninklijke DSM N.V, Superior Supplement Manufacturing, Gnosis SPA, Seidler Chemical Co, Inc. Nutritional Supplement Manufacturers, Inc. Shandong Xinfa Pharmaceutical Co. AIE Pharmaceuticals, Inc. Hebei Jiheng Group Pharmacy Co Ltd. Changzhou,Niutang Chemical Plant Co. Ltd. Jiangxi Tianxin Pharmaceutical Co. Ltd. BASF SE, HEMA PHARMACEUTICALS PVT. LTD. Merck, Gemini Pharmaceuticals, Inc. Emcure Pharmaceuticals Ltd. Nantong Changhai Food Additive among others.

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