Folate Market Regional Analysis:
North America Market Insights
North America industry is anticipated to dominate majority revenue share of 44% by 2035. The major factor influencing the market growth in this region is the growing consumption of alcohol. Following the 2022 National Survey on Drug Use and Health (NSDUH), 221.3 million individuals aged 12 and up (78.5% of this age group) claimed to have drunk alcohol at some point in their lives. Hence, this has increased the risk of cardiovascular disease further necessitating the adoption of folate.
Additionally, the US folate market is predicted to observe the highest growth over the forecast period due to the surging disposable income of the people in this area.
Furthermore, the Canadian market is poised to experience growth in the market over the coming years owing to growing investment in the pharmaceutical sector.
APAC Market Insights
Folate market size for Asia Pacific region is projected to observe significant growth till 2035. This market growth in this region is expected to be dominated by a rising population. As projected by UNFPA, it is foreseen that around 60% of the population of the world resides in the Asia Pacific region. Further, this estimates around 4.3 billion individuals. With this, the production of natural folate is poised to rise. Also, the utilization of folate acid is growing in food & beverages to fill the folate deficiency gap.
Additionally, the China folate market is to rise in this region gathering the highest revenue compared to other nations. This could be on account of the surging use of folate as feed.
Moreover, with the growing possibilities of dementia, the market in India for folate is evaluated to experience growth. However, with the growing research & development activities the demand may rise in the country.
Additionally, the Japanese market is poised to rise due to the rising supply of folate, and the improving Japan's medical sector.
