What is Vitamin B9 (Folic Acid)- Global Market?
Vitamin B9, commonly known as folic acid, is a vital nutrient that plays a crucial role in numerous bodily functions. It is essential for DNA synthesis, repair, and methylation, as well as for cell division and growth. Folic acid is particularly important during periods of rapid growth, such as during pregnancy and fetal development, which is why it is often recommended as a supplement for pregnant women to prevent neural tube defects in the developing fetus. The global market for Vitamin B9 (Folic Acid) is driven by its widespread application across various industries, including pharmaceuticals, food and beverages, and animal feed. The demand for folic acid is increasing due to its health benefits and its role in preventing certain birth defects and diseases. Additionally, the growing awareness of health and wellness among consumers is contributing to the rising demand for folic acid supplements. The market is characterized by a diverse range of products, including feed grade, food grade, and pharmaceutical grade folic acid, each catering to different industry needs. As the global population continues to grow and the demand for health-enhancing products increases, the market for Vitamin B9 (Folic Acid) is expected to expand further.
Feed Grade, Food Grade, Pharmaceutical Grade in the Vitamin B9 (Folic Acid)- Global Market:
In the global market for Vitamin B9 (Folic Acid), the product is available in various grades, each serving distinct purposes across different industries. Feed grade folic acid is primarily used in the animal feed industry to enhance the nutritional value of livestock feed. It plays a significant role in improving the reproductive performance and growth rates of animals, thereby increasing the overall productivity of livestock farming. The demand for feed grade folic acid is driven by the growing livestock industry and the increasing focus on animal health and nutrition. Food grade folic acid, on the other hand, is used in the food and beverage industry to fortify food products such as cereals, bread, and pasta. This fortification is crucial in preventing folate deficiency in the general population, which can lead to health issues such as anemia and birth defects. The rising consumer awareness about the importance of a balanced diet and the increasing demand for fortified foods are key factors driving the growth of the food grade folic acid market. Pharmaceutical grade folic acid is used in the healthcare industry for the production of dietary supplements and medications. It is prescribed to individuals with folate deficiency and is also recommended for pregnant women to prevent neural tube defects in their babies. The pharmaceutical grade folic acid market is driven by the increasing prevalence of folate deficiency-related health issues and the growing awareness of the benefits of folic acid supplementation. Each of these grades of folic acid plays a vital role in addressing specific nutritional needs across different sectors, contributing to the overall growth of the global Vitamin B9 (Folic Acid) market.
Feed Industry, Food Industry, Cosmetic, Health Supplements and Medicine in the Vitamin B9 (Folic Acid)- Global Market:
Vitamin B9 (Folic Acid) finds extensive usage across various industries, each leveraging its unique benefits to cater to specific needs. In the feed industry, folic acid is incorporated into animal feed to enhance the nutritional profile of the feed, thereby promoting better health and productivity in livestock. It is particularly beneficial for breeding animals, as it supports reproductive health and improves the growth rates of young animals. The use of folic acid in animal feed is driven by the increasing demand for high-quality meat and dairy products, as well as the growing focus on animal welfare and nutrition. In the food industry, folic acid is used to fortify a wide range of food products, including cereals, bread, and pasta. This fortification helps prevent folate deficiency in the general population, which can lead to health issues such as anemia and birth defects. The rising consumer awareness about the importance of a balanced diet and the increasing demand for fortified foods are key factors driving the use of folic acid in the food industry. In the cosmetic industry, folic acid is used in skincare products due to its potential benefits for skin health. It is believed to promote cell regeneration and improve skin elasticity, making it a popular ingredient in anti-aging and skin-repair products. The growing demand for natural and effective skincare solutions is contributing to the increasing use of folic acid in cosmetics. In the health supplements and medicine sector, folic acid is widely used in dietary supplements and medications to address folate deficiency and related health issues. It is particularly recommended for pregnant women to prevent neural tube defects in their babies. The increasing prevalence of folate deficiency-related health issues and the growing awareness of the benefits of folic acid supplementation are driving the demand for folic acid in this sector. Overall, the diverse applications of Vitamin B9 (Folic Acid) across these industries highlight its importance as a versatile and essential nutrient.
Vitamin B9 (Folic Acid)- Global Market Outlook:
The global market for Vitamin B9 (Folic Acid) is projected to experience significant growth in the coming years. In 2024, the market was valued at approximately US$ 116 million, and it is anticipated to reach an adjusted size of US$ 166 million by 2031, with a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2025 to 2031. The market is dominated by the top five players, who collectively hold about 78% of the market share. The Asia-Pacific region is the largest market for Vitamin B9 (Folic Acid), accounting for approximately 53% of the global market share. This is followed by Europe and North America, which hold shares of about 22% and 16%, respectively. In terms of product type, feed grade folic acid is the largest segment, representing around 43% of the market. This is largely due to the significant demand for folic acid in the feed industry, where it is used to enhance the nutritional value of animal feed. The feed industry is also the largest application field for Vitamin B9 (Folic Acid), accounting for about 43% of the market share. The growing demand for high-quality animal products and the increasing focus on animal health and nutrition are key factors driving the growth of the feed grade folic acid market. Overall, the global market for Vitamin B9 (Folic Acid) is poised for steady growth, driven by its diverse applications across various industries and the increasing awareness of its health benefits.
| Report Metric | Details |
| Report Name | Vitamin B9 (Folic Acid)- Market |
| Forecasted market size in 2031 | US$ 166 million |
| CAGR | 5.3% |
| Forecasted years | 2025 - 2031 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | DSM, Jiangxi Tianxin, Zhejiang Shengda, Niutang, Changzhou Xinhong, Jiheng Pharmaceutical, Changzhou Pharmaceutical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
