Description
The global folic acid market size at USD 876.5 million in 2021 is expected to reach USD 1182.01 million by 2028, with a growing CAGR of 5.7% from 2022-to 2028. The growth rate seen by the Food Grade segment is attributed to the ongoing growth of the food & beverage industry, raising awareness about the nutritional significance of Vitamin B9 and increasing demand for cereal-based foods, wherein this vitamin in food grade is used for food fortification of meal replacements and cereal-based foods these are the element that is continuously growing the demand of the folic acid market.
What is Folic Acid?
Folic acid is the natural state of vitamin B9, water-soluble and naturally discovered in many foodstuffs. It is also added to foods and marketed as a supplement in the form of folic acid; this form is better soaked than that from food sources—85% vs. 50%, respectively. Folic acid satisfies to form DNA and RNA and is impacted in protein metabolism. It plays an essential role in splitting down homocysteine, an amino acid that can exert deadly effects in the body if present in increased amounts. Folic acid is also needed to deliver healthy red blood cells and is critical during periods of fast growth, such as during pregnancy and fetal growth.
