Folate Market Size

Folate Market size was over USD 4.9 Billion in 2023 and is anticipated to reach USD 10.9 Billion by the end of 2036, growing at around 6.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of folate is estimated at USD 5.2 Billion.

 This market growth is set to be dominated by rising pregnancy among women. However, with increasing pregnancy, the risk of abnormal birth has also surged. According to the WHO, every year over 8 million newborns across the world are born with a birth defect. Moreover, in low- and middle-income countries nine out of every ten children are birthed with a major birth defect. Owing to this, the adoption of folate medications has grown significantly to limit the possibilities of abnormalities and miscarriage.