Japan Folic Acid Market Size, Share, and COVID-19 Impact Analysis, By Application (Food & Beverages, Pharmaceuticals, Nutraceuticals, and Others), By Distribution Channel (Online and Offline), and Japan Folic Acid Market Insights, Industry Trend, Forecasts to 2035

Japan Folic Acid Market Insights Forecasts to 2035

• The Japan Folic Acid Market Size Was Estimated at USD 26.6 Million in 2024
• The Market Size is Expected to Grow at a CAGR of Around 7.68 % from 2025 to 2035
• The Japan Folic Acid Market Size is Expected to Reach USD 60.0 Million by 2035

According to a Research Report Published by Spherical Insights & Consulting, The Japan Folic Acid Market Size is anticipated to Reach USD 60.0 Million by 2035, Growing at a CAGR of 7.68 % from 2025 to 2035. The folic acid market in Japan is driven by various factors, including a rise in unhealthy lifestyles, rising demand for food products fortified with folic acid, and rising awareness about health.

Market Overview

Folic acid, also referred to as B9 vitamin, is a water-soluble vitamin that the body uses to support various body functions such as red blood cell production and the production of DNA. The Japan folic acid market includes manufacturing, distribution, and sale, which is a synthetic derivative of vitamin B9. Folic acid is particularly valuable in pregnancy to avoid neural tube defects in the developing foetuses. Folic acid supports fetal development, prevents neural tube defects, boosts red blood cell formation, enhances brain and heart health, aids DNA synthesis, improves mood, supports skin and hair health, and promotes fertility in both men and women hence it is widely used across various industries such as food & beverages, pharmaceuticals, nutraceuticals, and others. They are also available in various types such as tablets, soft gels, lozenges, and others. The people are becoming more aware of folic acids role in preventing birth defects is driving widespread use among women planning or experiencing pregnancy. Additionally, growing recognition of folic acids benefits for heart and brain health is expanding its use among the general population. The rise in disposable income and changing lifestyles presents an opportunity for the development of innovative fortified foods and supplements.

Report Coverage

This research report categorizes the market for the Japan folic acid market based on various segments and regions, and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan folic acid market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan folic acid market.

Driving Factors

Growing awareness of the role of folic acid in preventing neural tube defects is fueling growing demand for fortified foods and supplements, backed by public and individual health programs is one of the primary key driving factors for this market. Increased demand for nutritional supplements is propelling the market expansion of folic acid. People are looking to increase their intake of vitamins and fill in gaps in their nutrition. This has resulted in increased consumption of folic acid in the form of tablets, capsules, and fortified foods. Additionally, a rise in the aging population and lifestyle-related disorders plays a crucial role in market expansion.

Restraining Factors

Limited consumer awareness about folic acids broader health benefits is one of the notable limiting factors for this market. Additionally, excessive consumption leads to health complications, further limiting the market expansion.

Market Segmentation

The Japan folic acid market share is classified into application and distribution channel.   

• The food & beverages segment held the dominant share of the market in 2024 and is expected to grow at a rapid CAGR during the forecast period.    

The Japan folic acid market is segmented by application into food & beverages, pharmaceuticals, nutraceuticals, and others. Among these, the food & beverages segment held the dominant share of the market in 2024 and is expected to grow at a rapid CAGR during the forecast period. This is due to the easiest and most convenient ways to get folic acid being through food and beverages. Additionally, natural food sources, such as beef liver and eggs within non-vegetarian diets, and legumes, asparagus, leafy green vegetables, and citrus fruits within vegetarian diets, constitute excellent sources of folic acid.

• The offline segment held the highest share in 2024 and is expected to grow at a significant CAGR during the forecast period.   

The Japan folic acid market is segmented by distribution channel into online and offline. Among these, the offline segment held the highest share in 2024 and is expected to grow at a significant CAGR during the forecast period. This segmental growth is attributed to its reliability in terms of product quality, timely delivery, and the availability of folic acid in the desired form. Additionally, they allow consumers to inspect the product before purchase.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan folic acid market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• BASF SE
• Otsuka Pharmaceutical Co., Ltd.
• Pigeon Corporation
• FUJIFILM Wako
• SCETI K.K.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the Japan, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Japan folic acid market based on the below-mentioned segments:

Japan Folic Acid Market, By Application

• Food & Beverages
• Pharmaceuticals
• Nutraceuticals
• Others

Japan Folic Acid Market, By Distribution Channel

• Online
• Offline