The Latest Folate Industry Statistics Explained
In 2018, the global folate market size was valued at USD 576.8 million.
The statistic “In 2018, the global folate market size was valued at USD 576.8 million” indicates the total revenue generated by the global folate industry in the year 2018. Folate, also known as vitamin B9, is a crucial nutrient for human health, particularly for pregnant women as it helps prevent birth defects. The market size signifies the value of all transactions related to folate products worldwide, including sales of supplements, fortified foods, pharmaceuticals, and other sources of folate. This statistic is important for understanding the economic significance and market activity of the folate industry in 2018, providing insights into the demand for folate products and the overall health of the market.
The demand for folic acid in the pharmaceutical sector was estimated at 170.2 tons in 2018.
The statistic that the demand for folic acid in the pharmaceutical sector was estimated at 170.2 tons in 2018 indicates the quantity of folic acid sought by pharmaceutical companies for use in producing medications and supplements during that year. This figure provides insight into the scale of the market for folic acid within the pharmaceutical industry and can be used to assess trends in the production and consumption of folic acid-based products. Monitoring such statistics over time can help stakeholders gauge the evolving needs and preferences in the pharmaceutical sector, aiding in decision-making processes related to production, pricing, and marketing strategies.
North America’s folate market value was USD 215.4 million in 2018.
The statistic indicates that the total market value of folate in North America was $215.4 million in the year 2018. Folate, also known as vitamin B9, is an essential nutrient that plays a crucial role in various bodily functions, such as cell division and DNA synthesis. The market value represents the monetary worth of all folate products, including dietary supplements, fortified foods, and pharmaceuticals, sold in North America during that year. This statistic provides insight into the economic significance of the folate market in North America and highlights the demand for folate products in the region.
The global folate demand was 16,896.4 tons in 2015.
The statistic ‘The global folate demand was 16,896.4 tons in 2015’ refers to the total amount of folate, a B-vitamin essential for human health, that was consumed or utilized worldwide in the year 2015. This figure represents the combined demand for folate across various industries, including pharmaceuticals, food fortification, and dietary supplements. Understanding the global demand for folate is important for assessing the prevalence of deficiencies and for informing production and distribution strategies to ensure an adequate supply of this vital nutrient to meet the needs of the population.
The global demand for folate is projected to reach 22,033.3 tons by 2023.
The statistic ‘The global demand for folate is projected to reach 22,033.3 tons by 2023’ indicates the estimated amount of folate that will be needed worldwide in the year 2023. Folate, also known as vitamin B9, is an essential nutrient for various bodily functions, including DNA synthesis and cell growth. This statistic suggests an increasing demand for folate, likely driven by factors such as population growth, aging demographics, and increasing awareness of the importance of folate in promoting overall health. By projecting the demand for folate, stakeholders in the industry can better understand market trends and plan for production and distribution strategies to meet the anticipated needs of consumers.
Europe accounts for a substantial share of the global folate market due to increased awareness about health benefits of folate.
The statistic indicates that Europe holds a significant portion of the worldwide folate market, primarily driven by a heightened awareness of the health benefits associated with folate consumption. Folate, also known as vitamin B9, is crucial for numerous bodily functions, including red blood cell production and DNA synthesis. Increased awareness regarding the importance of folate in maintaining overall health and preventing birth defects has likely led to a higher demand for folate-rich products in Europe. This trend suggests that European consumers are proactively seeking out folate supplements or naturally folate-rich foods to improve their well-being, making the region a key player in the global folate market.
Food & Beverages sector accounted for 51.4% of the overall demand for folate in 2018.
The statistic “Food & Beverages sector accounted for 51.4% of the overall demand for folate in 2018” indicates that more than half of the total demand for folate in 2018 was driven by the food and beverages sector. Folate, also known as vitamin B9, is an essential nutrient important for cell growth and metabolism. The high percentage attributed to the food and beverages sector suggests that a significant portion of folate consumption comes from dietary sources such as fruits, vegetables, grains, and fortified foods and beverages. Understanding the distribution of folate demand across different sectors can help stakeholders in the food industry make informed decisions regarding fortification strategies and product development to meet the nutritional needs of the population.
China is the largest producer of folate, accounting for more than 80% of the global output.
The statistic indicates that China plays a dominant role in the global production of folate, with more than 80% of the total output originating from the country. Folate, also known as vitamin B9, is an essential nutrient that is required for various bodily functions, particularly for cell division and growth. The significant contribution of China to the global folate production highlights the country’s extensive agricultural capabilities and potentially its focus on promoting nutrient-rich food sources for both domestic consumption and international trade. This statistic underscores China’s important role in meeting the global demand for folate and its impact on the vitamin supply chain worldwide.
The Asia Pacific folate market is projected to grow at a CAGR of 4.6% from 2019 to 2025.
This statistic indicates that the market for folate in the Asia Pacific region is expected to experience a Compound Annual Growth Rate (CAGR) of 4.6% between 2019 and 2025. This suggests that there is a positive trend in the demand for folate products in this region over the specified period. The projected growth rate reflects an increasing awareness and consumption of folate, likely driven by factors such as health consciousness, nutritional recommendations, and the introduction of new products into the market. This information can be valuable for companies operating in the folate market, as it highlights opportunities for potential expansion and investment in the Asia Pacific region.
The health supplements sector was valued at USD 166.3 million in the folate industry in 2018.
The statistic indicates that the market value of health supplements specifically in the folate industry reached USD 166.3 million in the year 2018. This figure represents the total revenue generated from the sales of health supplements containing folate during that year. It provides insight into the size and economic significance of the health supplements sector within the folate industry, highlighting the demand and consumption of such products in the market. This information can be useful for businesses operating within the health supplements sector, policymakers, and researchers to understand the market dynamics, trends, and opportunities within the folate industry.
The global folate market is projected to reach USD 666.2 million by 2025.
The statistic indicates that the global folate market is anticipated to grow and reach a value of USD 666.2 million by the year 2025. This projection suggests a significant increase in the market size compared to the current value. The growth could be driven by factors such as an increasing awareness of the health benefits of folate, rising demand for dietary supplements containing folate, and innovations in folate production and formulation. Companies operating in the folate market may benefit from this growth opportunity by expanding their product offerings and market reach to capitalize on the increasing demand for folate-related products.
India imported folate worth $28 million in 2020.
The statistic indicates that in the year 2020, India imported folate, which is a form of vitamin B9, with a total value of $28 million. This suggests that there was a significant demand for folate in India during that period, likely driven by various industries such as pharmaceuticals, food and beverage, and healthcare. The high value of the imports also indicates that folate is an important component in the market and healthcare sector in India. The importation of folate could be for various purposes like dietary supplements, pharmaceutical formulations, or food fortification programs. Tracking such import statistics can provide insights into the country’s consumption patterns, industry demand, and potential health trends related to folate intake.
The U.S. Folate market is expected to grow at a CAGR of 3.8% from 2015 to 2025.
The statistic implies that the market for folate in the United States is projected to expand at a Compound Annual Growth Rate (CAGR) of 3.8% over the period from 2015 to 2025. This means that the demand for folate products is anticipated to increase steadily at an average annual rate of 3.8% during this timeframe. Such growth suggests a rising interest in folate-based products, likely driven by factors such as increasing awareness of the health benefits of folate, expanding applications in various industries, and potentially changing consumer preferences. Overall, this statistic highlights a positive outlook for the U.S. folate market over the specified decade.
Pharmacies are the main distribution channel for folic acid, with a market share of about 71% in 2018.
This statistic indicates that pharmacies play a predominant role in the distribution of folic acid, capturing approximately 71% of the market share in 2018. This suggests that the majority of consumers obtain their folic acid supplements or medications through pharmacies compared to other potential distribution channels such as online retailers, supermarkets, or health clinics. The high market share held by pharmacies underscores their importance in providing access to folic acid products and highlights their significant influence in the market for this particular nutrient.
Latin America’s folate market is expected to grow at a CAGR of 4.2% from 2019 to 2025.
This statistic indicates that the folate market in Latin America, which refers to the market for the B vitamin folic acid used in dietary supplements and fortified food products, is projected to experience a Compound Annual Growth Rate (CAGR) of 4.2% from the year 2019 to 2025. This CAGR represents the steady annual growth rate at which the market is expected to expand during this period. The implication is that there is anticipated growth in both the demand for folate and the overall size of the market in Latin America over the specified time frame, driven potentially by factors such as increasing awareness of the importance of folate in promoting health and preventing birth defects, as well as rising adoption of fortified food products in the region.
Folic acid sales in the United States are projected to reach around 242 million U.S. dollars by the year 2026.
The statistic that folic acid sales in the United States are projected to reach around 242 million U.S. dollars by the year 2026 indicates a forecasted increase in the revenue generated from the sales of folic acid products in the U.S. market. This projection suggests growing demand for folic acid supplements, likely driven by factors such as an increasing awareness of the importance of folic acid in promoting health, particularly for pregnant women and individuals with certain medical conditions. The expected rise in sales may also be influenced by marketing initiatives, product innovation, and demographic trends. Monitoring folic acid sales can provide insights into consumer behaviors, health trends, and market dynamics in the dietary supplements industry.
The Middle East & Africa’s folate market is expected to exhibit a CAGR of 3.9% from 2019 to 2025.
The statement indicates that the folate market in the Middle East & Africa region is projected to grow at a Compound Annual Growth Rate (CAGR) of 3.9% between the years 2019 and 2025. This suggests that there is an anticipated steady increase in the demand and consumption of folate products in the region over the specified period. The CAGR is commonly used to measure the annual growth rate of an investment or market and signifies the average rate at which the market is expected to expand. Overall, this statistic highlights a positive outlook for the folate market in the Middle East & Africa with a gradual growth trajectory anticipated in the coming years.
Global folic acid production was estimated at 40,000 tonnes in 2019.
The statistic that global folic acid production was estimated at 40,000 tonnes in 2019 indicates the total amount of folic acid synthesized worldwide within that specific year. Folic acid is a synthetic form of vitamin B9 commonly used in supplements, fortified foods, and pharmaceuticals due to its essential role in cell division and DNA synthesis. The production of 40,000 tonnes of folic acid reflects the demand for this nutrient by various industries and consumers around the world, highlighting the significant contribution of folic acid to public health and nutrition initiatives on a global scale.
References
0. – https://www.www.statista.com
1. – https://www.www.tradegeniusglobal.in
2. – https://www.www.marketsandmarkets.com
3. – https://www.www.grandviewresearch.com
4. – https://www.www.transparencymarketresearch.com
