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 Overview:
The purpose of this study is to provide an in-depth analysis of the Vitamin B12 market by component, application, industry, and geography. The study provides detailed information on the major factors influencing the growth of the Vitamin B12 industry. The study also provides a thorough examination of the market's value chain.
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Market Scope:
The research method used to assess and forecast the Vitamin B12 market begins with gathering revenue data from key suppliers using secondary research sources. When defining market segmentation, vendor offerings are also considered. Using the bottom-up method, the income of major corporations was utilized to assess the total size of the 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
Key Players: The key players are
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)
View detailed Table of Content here - https://www.maximizemarketresearch.com/market-report/vitamin-b12-market/187660/
Regional Analysis:
Market share information for North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately
COVID-19 Impact Analysis on Vitamin B12 Market: The report also includes the detailed impact of COVID-19 on the Vitamin B12 market.
Key Questions Answered in the Vitamin B12 Market Report are:
Which segment had the largest share in the Vitamin B12 market?
How is the competitive scenario of the Vitamin B12 market in 2020?
Which are the key drivers impacting the Vitamin B12 market growth?
Which region holds the maximum share in the Vitamin B12 market?
What will be the CAGR of the Vitamin B12 market during the forecast period (2021-2027)?
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