Vitamin B12 Market Business Share, Drivers And Trends Forecast to 2030

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The Vitamin B12 Market size was valued at USD 266.63 million in 2023 and the total Vitamin B12 Revenue is expected to grow at a CAGR of 6.8% from 2024 to 2030, reaching nearly USD 422.63 Million by 2030.

Vitamin B12 Market Report Overview

The Vitamin B12 Market report amalgamates data sourced from secondary and primary research to furnish insights into a particular market segment. Combining quantitative and qualitative analysis, it spans the period , offering a comprehensive view of the industry. Segmentation of the market enables a detailed examination of the Vitamin B12 industry from multiple perspectives. Within the Vitamin B12 market research detailed forecasts, developments, and revenue forecasts are extensively considered providing stakeholders with valuable insights into the market landscape and prospects.

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Vitamin B12 Market Report Scope and Research Methodology

The Vitamin B12 market is a dynamic and growing sector in the food and cosmetics industries. The research methodology employed in evaluating the Vitamin B12 Market involves a multifaceted approach. The Vitamin B12 Market research experts gather data from primary and secondary sources. Primary research includes direct interactions with industry experts, manufacturers, suppliers, and consumers to gain insights,  into market trends, consumer preferences, and product demand. Surveys and focus group discussions including collecting new data for a specific research problem are the primary research tools.

Market Dynamics for Vitamin B12

Increasing Knowledge of Vitamin B12 Deficiencies

The market for vitamin B12 is propelled towards consistent expansion by a powerful combination of factors. The increased awareness of vitamin B12 insufficiency is driving an exponential expansion in the market for vitamin B12. The prevalence of vitamin B12 deficiency is being brought to light by news stories, documentaries, and social media campaigns, particularly for vegetarians and people with digestive problems. This awareness encourages people to actively increase their intake of vitamin B12. The market for vitamin B12 is growing as more people become aware of its many advantages, which include mood modulation, energy levels, cognitive function, and gastrointestinal health. Furthermore, consumers are growing increasingly knowledgeable about the negative effects of vitamin B12 deficiency and the advantages of consuming enough B12.

Vitamin B12 Market Segmentation

by Product Type

Cyanocobalamin
Hydroxocobalamine
Methyl cobalamin
Adenosyl cobalamin

by Dosage Form

Tablets
Capsules
Injections
Syrups
Others (gummies, sprays, and powders)

by Route of Administration

Intramuscular
Subcutaneous
Oral
Nasal

by Source

Animal-based
Plant-based

by Application

Pharmaceuticals
Dietary supplements
Food and beverages.
Medications
Fortified Foods
Energy drinks
Infant formula
Cosmetic and Personal Care
Animal Feed and Nutrition

by Distribution Channel

Hospital pharmacy
Retail
Online

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Vitamin B12 Market Key Players

1. Mylan N.V
2. Pfizer Inc
3. Merck KGaA & Co.
4. Dr. Reddy Laboratory
5. Sanofi S.A. (France)
6. GlaxoSmithKline plc (UK)
7. Fermenta Biotech Ltd. (India)
8. NOW Foods (USA)
9. Garden of Life LLC (USA)
10. Nature Made (USA)
11. Pure Encapsulations (USA)
12. The Clorox Company (USA)
13. Daiichi Sankyo Company Limited (Japan)
14. Amway (USA)
15. DSM Nutritional Products (Netherlands)
16. Nature's Bounty Co. (USA)
17. Sundown Naturals (USA)
18. Jarrow Formulas, Inc. (USA)
19. Nordic Naturals (USA)
20. Pharmavite LLC (USA)
21. Bluebonnet Nutrition Corporation (USA)
22. Life Extension (USA)
23. Solgar Vitamin and Herb (USA)
24. Nature's Plus (USA)
25. Country Life Vitamins (USA)
26. Biotics Research Corporation (USA)

Table of content for the Vitamin B12 Market includes: 

Part 01: Executive Summary

Part 02: Scope of the Vitamin B12 Market Report

Part 03: Vitamin B12 Market Landscape

Part 04: Vitamin B12 Market Sizing

Part 05: Vitamin B12 Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Vitamin B12 Market Regional Insights

The Vitamin B12 market report provides comprehensive coverage of regions including North America, Europe, Asia Pacific, South America, and the Middle East&Africa. It offers insights into the market trends prevalent in these regions, allowing stakeholders to understand the dynamics shaping the Vitamin B12 industry landscape. Moreover, the report conducts a detailed analysis of Vitamin B12 market size and share within the Vitamin B12 industry, offering valuable data and statistics for informed decision-making. Analysis helps businesses and investors gauge the competitive landscape and identify growth opportunities.

Key Questions answered in the Vitamin B12 Market Report are:

  • What is Vitamin B12?
  • What is the forecast period of the Vitamin B12 Market?
  • How is the competitive scenario of the Vitamin B12 market?
  • What are the key drivers of the Vitamin B12 market growth?
  • Which region holds the maximum share in the Vitamin B12 market?
  • Which segment emerged as the leading segment in the Vitamin B12 market?
  • What key trends are likely to emerge in the Vitamin B12 market in the Forecast period?
  • What are the opportunities for the Vitamin B12 Market?
  • Who are the key players of the Vitamin B12 market?
  • What are the key growth strategies of Vitamin B12 industry players?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2024−2030
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • PESTLE Analysis and PORTER’s Five Forces Analysis
  • Market Segmentation – A detailed analysis of segments and sub-segments
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors
  • Key Findings and Analyst Recommendations

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