The Global Vitamin B9 (Folic Acid) Market was valued at USD 108 Million in 2024 and is projected to reach USD 148 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.7% during the forecast period (2024–2032). This robust growth is fueled by mandatory food fortification policies, rising demand from the animal feed industry, and increasing consumer awareness of prenatal and geriatric health benefits.

As public health initiatives and nutritional science continue to underscore the importance of folate, the market leaders are driving innovation in production technologies and expanding their global footprint. In this blog, we profile the Top 10 Companies in the Vitamin B9 (Folic Acid) Industry—a mix of multinational bioscience firms and specialized chemical manufacturers pivotal to meeting the world’s nutritional needs.

---

🔟 1. DSM

Headquarters: Heerlen, Netherlands
Key Offering: Pharmaceutical-Grade Folic Acid, Food Fortificants, Feed Additives

DSM is a global leader in health and nutrition, offering high-purity folic acid for pharmaceutical, food, and feed applications. The company leverages advanced fermentation technologies and has a strong presence in regulated markets across North America and Europe, catering to stringent quality standards.

Innovation Initiatives:

• Pioneering sustainable, bio-based production methods for folate

• Strategic partnerships with global food and pharma brands

• Commitment to science-backed solutions for nutritional deficiencies

Download FREE Sample Report: Vitamin B9 (Folic Acid) Market – View in Detailed Research Report

---

9️⃣ 2. Jiangxi Tianxin Pharmaceutical Co., Ltd.

Headquarters: Jinggangshan, Jiangxi, China
Key Offering: Feed Grade, Food Grade, and Pharmaceutical Grade Folic Acid

Jiangxi Tianxin is one of the world’s largest producers of folic acid, with massive production capacity serving both domestic Chinese demand and international export markets. The company is a key supplier to the Asia-Pacific feed industry, which accounts for over 43% of global consumption.

Innovation Initiatives:

• Continuous capacity expansion to meet growing global demand

• Focus on cost-effective production for competitive pricing

---

8️⃣ 3. Zhejiang Shengda Bio-pharm Co., Ltd.

Headquarters: Shaoxing, Zhejiang, China
Key Offering: Folic Acid API, Feed Additives, Food Ingredients

Zhejiang Shengda is a major player in the global folic acid supply chain, specializing in the production of active pharmaceutical ingredients (APIs) and nutritional additives. The company exports to over 50 countries, with a significant market share in Southeast Asia and South America.

Innovation Initiatives:

• Investment in R&D for improved purity and bioavailability

• Expansion into high-value pharmaceutical-grade segments

---

7️⃣ 4. Niutang Chemical Ltd.

Headquarters: Changshu, Jiangsu, China
Key Offering: Folic Acid, Specialty Chemicals, Nutraceutical Ingredients

Niutang Chemical has a diversified portfolio that includes a significant folic acid production line. The company is known for its strong technical capabilities and serves a broad customer base in the food, feed, and pharmaceutical industries worldwide.

Innovation Initiatives:

• Development of specialized folic acid formulations

• Vertical integration to control raw material supply and costs

Download FREE Sample Report: Vitamin B9 (Folic Acid) Market – View in Detailed Research Report

---

6️⃣ 5. Changzhou Xinhong Pharmaceuticals Co., Ltd.

Headquarters: Changzhou, Jiangsu, China
Key Offering: Pharmaceutical-Grade Folic Acid, Vitamin B Complex

Changzhou Xinhong is a specialized pharmaceutical manufacturer with a focus on high-purity folic acid. The company supplies bulk ingredients to supplement manufacturers and pharmaceutical companies, adhering to strict international quality standards like cGMP.

Innovation Initiatives:

• Recent commissioning of a new, modern production facility

• Focus on serving the premium pharmaceutical and nutraceutical markets

---

5️⃣ 6. Jiheng Pharmaceutical Co., Ltd.

Headquarters: Nantong, Jiangsu, China
Key Offering: Folic Acid Tablets, APIs, Prenatal Supplement Ingredients

Jiheng Pharmaceutical has carved a niche in the folic acid market by focusing on finished dosage forms and specialized ingredients for prenatal health. The company’s expertise in tablet formulation makes it a key partner for brands in the maternal nutrition space.

Innovation Initiatives:

• Specialization in combination products featuring folic acid

• Investment in consumer health and over-the-counter (OTC) segments

---

4️⃣ 7. Changzhou Pharmaceutical Factory (CPC)

Headquarters: Changzhou, Jiangsu, China
Key Offering: Pharmaceutical Intermediates, Folic Acid, Vitamin Derivatives

As a long-established player in the Chinese pharmaceutical industry, Changzhou Pharmaceutical Factory produces folic acid alongside a wide range of other vitamins and intermediates. The company benefits from established supply chains and a reputation for reliability.

Innovation Initiatives:

• Modernization of production processes for efficiency

• Exploration of new market applications for folic acid

---

3️⃣ 8. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Human Nutrition, Animal Nutrition, Pharmaceutical Ingredients

BASF, a global chemical giant, is a significant supplier of vitamins, including folic acid, through its nutrition division. The company’s strong R&D capabilities and global distribution network make it a preferred partner for multinational food and feed manufacturers.

Innovation Initiatives:

• Leadership in developing stable forms for food fortification

• Commitment to sustainable production across its vitamin portfolio

---

2️⃣ 9. Mediwell Pharma

Headquarters: Hyderabad, India
Key Offering: Folic Acid Formulations, Nutraceuticals, Contract Manufacturing

Mediwell Pharma is an emerging force in the Asian folic acid market, focusing on finished pharmaceutical formulations and contract manufacturing. The company serves the growing domestic Indian market and exports to other developing economies.

Innovation Initiatives:

• Addressing regional nutritional deficiencies with tailored products

• Leveraging cost advantages in manufacturing

---

1️⃣ 10. Spectrum Chemical Mfg. Corp.

Headquarters: New Brunswick, New Jersey, USA
Key Offering: USP/FCC Grade Folic Acid, High-Purity Chemicals

Spectrum Chemical is a leading global supplier of high-purity chemicals, including USP and FCC grade folic acid. The company is critical for North American and European manufacturers requiring certified ingredients for pharmaceutical and food applications.

Innovation Initiatives:

• Providing extensive documentation and compliance support

• Focus on quality assurance and supply chain reliability

Get Full Report Here: Vitamin B9 (Folic Acid) Market – View in Detailed Research Report

---

🌍 Outlook: The Future of Vitamin B9 is Targeted and Technologically Advanced

The Vitamin B9 market is experiencing a strategic evolution. While bulk production for feed and basic fortification remains the volume driver, the industry is increasingly investing in high-purity pharmaceutical applications, innovative delivery formats, and sustainable production methods.

📈 Key Trends Shaping the Market:

• Expansion of government-led food fortification programs in emerging economies

• Growing R&D into folic acid’s role in cognitive health and chronic disease prevention

• Advancements in microencapsulation for stability in fortified foods and beverages

• Strategic consolidations and partnerships to secure market position and supply chains

Get Full Report Here: Vitamin B9 (Folic Acid) Market – View in Detailed Research Report

The companies listed above are not only supplying a critical nutrient—they’re enabling better health outcomes on a global scale.