Folic Acid Market Production, Sales & Forecast 2014 - 2025
The global folic acid market is expected to reach USD 666.2 million by 2025, according to a new report by Radiant insights, inc. Growing consumption of vitamin B9 as a source of an essential supplement during pregnancy by women that minimizes the risk of congenital disabilities in infants is anticipated to augment the market demand in the coming years. Folic acid is required for the metabolism of specific biochemical reactions and cell division in the body. It plays a significant role in the development of the nervous system in the growing fetus. Moreover, it is involved in the formation of red blood cells, supporting the normal development of the neural tube in the fetus. Market drivers include the increasing demand from pharmaceutical and nutraceuticals industry for manufacturing instant folate-rich food products owing to its health benefits. Improved medical facilities, increasing disposable income and adoption of social programs by the government to encourage healthcare initia...