GITNUX MARKETDATA REPORT 2024

Folate Industry Statistics

Folate industry statistics provide insights into global production volumes, consumption patterns, market trends, and regulatory developments related to the vitamin B9 nutrient.

Statistic 1

"The per capita consumption of folate supplements is highest in the United States."

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Statistic 2

"The shelf life of folic acid supplements typically ranges from 18 to 24 months."

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Statistic 3

"The demand for folate supplements in the prenatal care segment grew by 10% in the past year."

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Statistic 4

"Asia-Pacific is projected to witness the fastest growth in the folate market, with a CAGR of 8.2% during the forecast period."

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Statistic 5

"Organic folate supplements experienced a market growth of 6.5% in 2020."

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Statistic 6

"The folate market for animal feed is projected to grow by 4% annually."

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Statistic 7

"North America accounted for over 35% of the global folate market share in 2020."

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Statistic 8

"The use of folate in fortified food products increased by 5% annually."

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Statistic 9

"The online sales channel for folate supplements saw a 12% growth in 2020."

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Statistic 10

"The pharmaceutical sector held a 45% market share in the folate industry in 2020."

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Statistic 11

"The folate market is expected to grow at a CAGR of 7.6% from 2021 to 2028."

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Statistic 12

"Folate-enriched cereals hold a 22% market share in the functional foods category."

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Statistic 13

"Folic acid was the most purchased variant of the folate supplement, making up 68% of the market."

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Statistic 14

"Folate deficiency affects approximately 15% of the global population."

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Statistic 15

"Over 70% of health professionals recommend folate supplements during pregnancy."

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Statistic 16

"The folate market in Europe is expected to reach USD 350 million by 2025."

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Statistic 17

"The folic acid fortification in grains was mandated in over 80 countries by 2020."

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Statistic 18

"The cost of folate production increased by 3% due to rising costs of raw materials."

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Statistic 19

"Women aged 19-30 are the largest consumer demographic for folate supplements."

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Statistic 20

"The global folate market was valued at approximately USD 857 million in 2020."

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