Folic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)


Folic Acid Market:

The folic acid market is projected to experience a compound annual growth rate (CAGR) of 5.11% from 2022 to 2027. The market has been positively influenced by the COVID-19 outbreak, which has led to heightened awareness of preventive health measures. As a result, there has been an increased inclination towards the regular consumption of supplements and fortified food products, thereby driving the overall market demand.

The market growth is further fueled by the rising demand for folic acid and folate supplements among pregnant women, as well as the growing awareness about micronutrients. Additionally, the prevalence of anemia has contributed to the market’s expansion. Moreover, the market is benefiting from the increasing awareness of the adverse health effects associated with vitamin deficiency, such as anemia and mouth ulcers. Folate supplements play a crucial role in DNA and RNA formation, as well as in enhancing protein metabolism.

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