Industry Overview
The Vitamin B12 is at USD 3.5Billion in 2023 and is expected to reach 7Billion by 2032. The Vitamin B12 is driven by increasing demand in end-use industries, technological advancements, research and development (R&D), economic growth, and global trade.Vitamin B12 Market Size in (USD Billion) CAGR Growth Rate 7.2%
| Study Period | 2019-2032 |
| Market Size (2023): | 3.5Billion |
| Market Size (2032): | 7Billion |
| CAGR (2023 - 2032): | 7.2% |
| Fastest Growing Region | Asia-Pacific |
| Dominating Region | North America |
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Vitamin B12, a water-soluble vitamin, is essential for red blood cell production, neurological health, and DNA synthesis, widely used in supplements, fortified foods, and pharmaceuticals.
Competitive landscape
The key players in the Vitamin B12 are intensifying their focus on research and development (R&D) activities to innovate and stay competitive. Major companies, such as DSM, BASF, Hebei Huarong, Ningxia Kingvit, NCPC, Chemizo, Bristol-Myers Squibb, CSPC Pharmaceutical, Pfizer, Merck, Amway, Herbalife, NOW Foods, Nature's Bounty, Swanson, Solgar, Garden of Life, MegaFood, Jarrow Formulas, are heavily investing in R&D to develop new products and improve existing ones. This strategic emphasis on innovation is driving significant advancements in chemical manufacturing processes and the introduction of sustainable and eco-friendly products.Moreover, these established industry leaders are actively pursuing acquisitions of smaller companies to expand their regional presence and enhance their market share. These acquisitions not only help in diversifying their product portfolios but also provide access to new technologies and markets. This consolidation trend is a critical factor in the growth of the Vitamin B12, as it enables larger companies to streamline operations, reduce costs, and increase their competitive edge.
In addition to R&D and acquisitions, there is a notable shift towards green investments among key players in the Vitamin B12. Companies are increasingly committing resources to sustainable practices and the development of environmentally friendly products. This green investment is in response to growing consumer demand for sustainable solutions and stringent environmental regulations. By prioritizing sustainability, these companies are not only contributing to environmental protection but also positioning themselves as leaders in the green chemistry movement, thereby fueling market growth.
Key Players
The companies highlighted in this profile were selected based on insights from primary experts and an evaluation of their market penetration, product offerings, and geographical reach:- DSM
- BASF
- Hebei Huarong
- Ningxia Kingvit
- NCPC
- Chemizo
- Bristol-Myers Squibb
- CSPC Pharmaceutical
- Pfizer
- Merck
- Amway
- Herbalife
- NOW Foods
- Nature's Bounty
- Swanson
- Solgar
- Garden of Life
- MegaFood
- Jarrow Formulas
Vitamin B12 Market Segmentation by Players
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Vitamin B12 Dynamics
Driving Factor
The Vitamin B12 is propelled by several key drivers, including the demand from diverse industrial sectors such as automotive, construction, and pharmaceuticals. Technological advancements and continuous innovation in chemical processes enhance efficiency and open new market opportunities. Economic growth, particularly in emerging markets, along with rapid urbanization and population growth, increases the need for chemicals in infrastructure and consumer goods. Additionally, stricter environmental regulations and the push for sustainable products drive the development of green chemicals. Global trade, raw material availability, and investments in research and development further shape the industry's growth, while supportive government policies and evolving consumer trends also play crucial roles.
Challenge Factor
The Vitamin B12 faces several challenges and restraining factors, including stringent environmental regulations that increase operational costs and complexity. Fluctuating raw material prices and availability can impact production expenses while growing health and safety concerns necessitate significant investments in compliance measures. Additionally, the push for sustainability requires costly reforms and green technologies. Economic uncertainty, supply chain disruptions, and rapid technological advancements further complicate market dynamics. Geopolitical instability and intellectual property risks also pose significant threats, while market saturation in mature regions pressures profit margins and limits growth opportunities.
- Raw Material Costs
- Regulatory Approvals
The Vitamin B12 presents numerous opportunities for growth and innovation. Emerging trends in sustainability offer significant prospects for developing green and eco-friendly products, which are increasingly demanded by consumers and regulated by governments. Advancements in technology, such as digitalization and automation, provide opportunities for improving efficiency and reducing costs in chemical production. Expansion into emerging markets and developing regions presents a chance for companies to tap into new customer bases and increase their market share. Additionally, ongoing investments in research and development pave the way for innovations in specialty chemicals and advanced materials. Collaborations and partnerships within the industry can also drive growth by leveraging complementary strengths and accessing new technologies and markets.
Important Trend
Key trends in the Vitamin B12 include a focus on sustainability and green chemistry, driven by environmental regulations and consumer demand. Digital transformation is enhancing efficiency through AI and automation, while advanced materials are being developed for various industries. The shift towards a circular economy promotes recycling and reuse, and personalized medicine is increasing demand for specialty chemicals. Investments in renewable energy create new opportunities, and emerging markets offer growth potential. Evolving regulations and consumer preferences for sustainable products are influencing innovation, and supply chain advancements are improving efficiency. These trends are reshaping the chemical industry and driving its growth.
- Vegan-Friendly Products
- Bioavailability Research
Regulatory Framework
Several regulatory bodies oversee the chemical industry globally to ensure safety, environmental protection, and compliance with standards. Notable among these are the Environmental Protection Agency (EPA) in the United States, the European Chemicals Agency (ECHA) in the European Union, and the Occupational Safety and Health Administration (OSHA) in the United States. Other significant entities include the Health and Safety Executive (HSE) in the United Kingdom, the National Institute of Chemical Safety (NICS) in South Korea, and the Ministry of Environmental Protection (MEP) in China.Additionally, the National Industrial Chemicals Notification and Assessment Scheme (NICNAS) in Australia, the Japan Chemical Industry Association (JCIA), the Canadian Environmental Protection Act (CEPA), and the Central Pollution Control Board (CPCB) in India play crucial roles. These organizations establish regulations, conduct inspections, and enforce compliance to ensure the safe production, handling, and disposal of chemicals.
Regional Insight
The North America leads the market share, largely due to rising consumption, a growing population, and strong economic momentum that boosts demand. In contrast, the Asia-Pacific is emerging as the fastest-growing area, driven by rapid infrastructure development, the expansion of industrial sectors, and heightened consumer demand, making it a critical factor for future market growth. The regions covered in the report are:Regions
- North America
- LATAM
- West Europe
- Central & Eastern Europe
- Northern Europe
- Southern Europe
- East Asia
- Southeast Asia
- South Asia
- Central Asia
- Oceania
- MEA
Fastest Growing Region
Asia-Pacific
Dominating Region
North America
Market Segmentation
Segmentation by Type
- Cyanocobalamin
- Methylcobalamin
- Hydroxocobalamin
Vitamin B12 Market Segmentation by Type
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Segmentation by Application
- Dietary Supplements
- Pharmaceuticals
- Food Fortification
- Animal Feed
Vitamin B12 Market Segmentation by Application
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Research Methodology
The research methodology involves several key steps to ensure comprehensive and accurate insights. First, the objectives of the research are clearly defined, focusing on aspects such as market size, growth trends, and competitive dynamics. Data collection is conducted through both primary and secondary methods. Primary research includes interviews with industry experts, surveys, and focus groups to gather first-hand information, while secondary research involves analyzing existing reports, government publications, and company filings.The collected data is then subjected to rigorous analysis, with quantitative methods used to evaluate market size and trends, and qualitative methods applied to understand industry dynamics and consumer behavior. Findings are compiled into a detailed report featuring key insights, data visualizations, and strategic recommendations. Validation is achieved through data verification and peer reviews to ensure accuracy.
Finally, the research concludes with actionable insights and recommendations, along with suggestions for future studies to address emerging trends and gaps. This methodology provides a structured approach to understanding the {keywords} and guiding strategic decisions.
Report Details
| Report Features | Details |
| Base Year | 2023 |
| Based Year Market Size (2023) | 3.5Billion |
| Historical Period | 2019 to 2023 |
| CAGR (2023 to 2032) | 7.2% |
| Forecast Period | 2025 to 2032 |
| Forecasted Period Market Size (2032) | 7Billion |
| Scope of the Report | Cyanocobalamin, Methylcobalamin, Hydroxocobalamin, Dietary Supplements, Pharmaceuticals, Food Fortification, Animal Feed |
| Regions Covered | North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA |
| Companies Covered | DSM, BASF, Hebei Huarong, Ningxia Kingvit, NCPC, Chemizo, Bristol-Myers Squibb, CSPC Pharmaceutical, Pfizer, Merck, Amway, Herbalife, NOW Foods, Nature's Bounty, Swanson, Solgar, Garden of Life, MegaFood, Jarrow Formulas |
| Customization Scope | 15% Free Customization |
| Delivery Format | PDF and Excel through Email |
Vitamin B12 - Table of Contents
Chapter 1: Market Preface
- 1.1 Global Vitamin B12 Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global Vitamin B12 Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global Vitamin B12 Market Business Environment & Changing Dynamics
- 3.1 Growth Drivers
- 3.2 Available Opportunities
-
3.3 Influencing Trends
- 3.3.1 Vegan-Friendly Products
- 3.3.2 Bioavailability Research
- 3.3.3 Fortification
-
3.4 Challenges
- 3.4.1 Raw Material Costs
- 3.4.2 Regulatory Approvals
- 3.4.3 Market Competition
- 3.5 Regional Dynamics
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Chapter 4 : Global Vitamin B12 Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of Vitamin B12 Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
- 4.9 Impact of Tariff War
Chapter 5: Vitamin B12 : Competition Benchmarking & Performance Evaluation
- 5.1 Global Vitamin B12 Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by Vitamin B12 Revenue 2023
- 5.3 Global Vitamin B12 Sales Volume by Manufacturers (2023)
- 5.4 BCG Matrix
- 5.4 Market Entropy
- 5.5 FPNV Positioning Matrix
- 5.6 Heat Map Analysis
Chapter 6: Global Vitamin B12 Market: Company Profiles
- 6.1 DSM
- 6.1.1 DSM Company Overview
- 6.1.2 DSM Product/Service Portfolio & Specifications
- 6.1.3 DSM Key Financial Metrics
- 6.1.4 DSM SWOT Analysis
- 6.1.5 DSM Development Activities
- 6.2 BASF
- 6.3 Hebei Huarong
- 6.4 Ningxia Kingvit
- 6.5 NCPC
- 6.6 Chemizo
- 6.7 Bristol-Myers Squibb
- 6.8 CSPC Pharmaceutical
- 6.9 Pfizer
- 6.10 Merck
- 6.11 Amway
- 6.12 Herbalife
- 6.13 NOW Foods
- 6.14 Nature's Bounty
- 6.15 Swanson
- 6.16 Solgar
- 6.17 Garden Of Life
- 6.18 MegaFood
- 6.19 Jarrow Formulas
- 6.20 Thorne Research
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Chapter 7 : Global Vitamin B12 by Type & Application (2019-2032)
-
7.1 Global Vitamin B12 Market Revenue Analysis (USD Million) by Type (2019-2023)
- 7.1.1 Cyanocobalamin
- 7.1.2 Methylcobalamin
- 7.1.3 Hydroxocobalamin
- 7.1.4 Adenosylcobalamin
-
7.2 Global Vitamin B12 Market Revenue Analysis (USD Million) by Application (2019-2023)
- 7.2.1 Dietary Supplements
- 7.2.2 Pharmaceuticals
- 7.2.3 Food Fortification
- 7.2.4 Animal Feed
- 7.3 Global Vitamin B12 Market Revenue Analysis (USD Million) by Type (2023-2032)
- 7.4 Global Vitamin B12 Market Revenue Analysis (USD Million) by Application (2023-2032)
Chapter 8 : North America Vitamin B12 Market Breakdown by Country, Type & Application
- 8.1 North America Vitamin B12 Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 8.1.1 United States
- 8.1.2 Canada
-
8.2 North America Vitamin B12 Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 8.2.1 Cyanocobalamin
- 8.2.2 Methylcobalamin
- 8.2.3 Hydroxocobalamin
- 8.2.4 Adenosylcobalamin
-
8.3 North America Vitamin B12 Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 8.3.1 Dietary Supplements
- 8.3.2 Pharmaceuticals
- 8.3.3 Food Fortification
- 8.3.4 Animal Feed
- 8.4 North America Vitamin B12 Market by Country (USD Million) & Sales Volume (Units) [2024-2032]
- 8.5 North America Vitamin B12 Market by Type (USD Million) & Sales Volume (Units) [2024-2032]
- 8.6 North America Vitamin B12 Market by Application (USD Million) & Sales Volume (Units) [2024-2032]
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Sectional Purchase
Chapter 9 : LATAM Vitamin B12 Market Breakdown by Country, Type & Application
- 9.1 LATAM Vitamin B12 Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 9.1.1 Brazil
- 9.1.2 Argentina
- 9.1.3 Chile
- 9.1.4 Mexico
- 9.1.5 Rest of LATAM
-
9.2 LATAM Vitamin B12 Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 9.2.1 Cyanocobalamin
- 9.2.2 Methylcobalamin
- 9.2.3 Hydroxocobalamin
- 9.2.4 Adenosylcobalamin
-
9.3 LATAM Vitamin B12 Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 9.3.1 Dietary Supplements
- 9.3.2 Pharmaceuticals
- 9.3.3 Food Fortification
- 9.3.4 Animal Feed
- 9.4 LATAM Vitamin B12 Market by Country (USD Million) & Sales Volume (Units) [2024-2032]
- 9.5 LATAM Vitamin B12 Market by Type (USD Million) & Sales Volume (Units) [2024-2032]
- 9.6 LATAM Vitamin B12 Market by Application (USD Million) & Sales Volume (Units) [2024-2032]
Chapter 10 : West Europe Vitamin B12 Market Breakdown by Country, Type & Application
- 10.1 West Europe Vitamin B12 Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 10.1.1 Germany
- 10.1.2 France
- 10.1.3 Benelux
- 10.1.4 Switzerland
- 10.1.5 Rest of West Europe
-
10.2 West Europe Vitamin B12 Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 10.2.1 Cyanocobalamin
- 10.2.2 Methylcobalamin
- 10.2.3 Hydroxocobalamin
- 10.2.4 Adenosylcobalamin
-
10.3 West Europe Vitamin B12 Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 10.3.1 Dietary Supplements
- 10.3.2 Pharmaceuticals
- 10.3.3 Food Fortification
- 10.3.4 Animal Feed
- 10.4 West Europe Vitamin B12 Market by Country (USD Million) & Sales Volume (Units) [2024-2032]
- 10.5 West Europe Vitamin B12 Market by Type (USD Million) & Sales Volume (Units) [2024-2032]
- 10.6 West Europe Vitamin B12 Market by Application (USD Million) & Sales Volume (Units) [2024-2032]
Chapter 11 : Central & Eastern Europe Vitamin B12 Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe Vitamin B12 Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 11.1.1 Bulgaria
- 11.1.2 Poland
- 11.1.3 Hungary
- 11.1.4 Romania
- 11.1.5 Rest of CEE
-
11.2 Central & Eastern Europe Vitamin B12 Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 11.2.1 Cyanocobalamin
- 11.2.2 Methylcobalamin
- 11.2.3 Hydroxocobalamin
- 11.2.4 Adenosylcobalamin
-
11.3 Central & Eastern Europe Vitamin B12 Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 11.3.1 Dietary Supplements
- 11.3.2 Pharmaceuticals
- 11.3.3 Food Fortification
- 11.3.4 Animal Feed
- 11.4 Central & Eastern Europe Vitamin B12 Market by Country (USD Million) & Sales Volume (Units) [2024-2032]
- 11.5 Central & Eastern Europe Vitamin B12 Market by Type (USD Million) & Sales Volume (Units) [2024-2032]
- 11.6 Central & Eastern Europe Vitamin B12 Market by Application (USD Million) & Sales Volume (Units) [2024-2032]
Chapter 12 : Northern Europe Vitamin B12 Market Breakdown by Country, Type & Application
- 12.1 Northern Europe Vitamin B12 Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 12.1.1 The United Kingdom
- 12.1.2 Sweden
- 12.1.3 Norway
- 12.1.4 Baltics
- 12.1.5 Ireland
- 12.1.6 Rest of Northern Europe
-
12.2 Northern Europe Vitamin B12 Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 12.2.1 Cyanocobalamin
- 12.2.2 Methylcobalamin
- 12.2.3 Hydroxocobalamin
- 12.2.4 Adenosylcobalamin
-
12.3 Northern Europe Vitamin B12 Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 12.3.1 Dietary Supplements
- 12.3.2 Pharmaceuticals
- 12.3.3 Food Fortification
- 12.3.4 Animal Feed
- 12.4 Northern Europe Vitamin B12 Market by Country (USD Million) & Sales Volume (Units) [2024-2032]
- 12.5 Northern Europe Vitamin B12 Market by Type (USD Million) & Sales Volume (Units) [2024-2032]
- 12.6 Northern Europe Vitamin B12 Market by Application (USD Million) & Sales Volume (Units) [2024-2032]
Chapter 13 : Southern Europe Vitamin B12 Market Breakdown by Country, Type & Application
- 13.1 Southern Europe Vitamin B12 Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 13.1.1 Spain
- 13.1.2 Italy
- 13.1.3 Portugal
- 13.1.4 Greece
- 13.1.5 Rest of Southern Europe
-
13.2 Southern Europe Vitamin B12 Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 13.2.1 Cyanocobalamin
- 13.2.2 Methylcobalamin
- 13.2.3 Hydroxocobalamin
- 13.2.4 Adenosylcobalamin
-
13.3 Southern Europe Vitamin B12 Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 13.3.1 Dietary Supplements
- 13.3.2 Pharmaceuticals
- 13.3.3 Food Fortification
- 13.3.4 Animal Feed
- 13.4 Southern Europe Vitamin B12 Market by Country (USD Million) & Sales Volume (Units) [2024-2032]
- 13.5 Southern Europe Vitamin B12 Market by Type (USD Million) & Sales Volume (Units) [2024-2032]
- 13.6 Southern Europe Vitamin B12 Market by Application (USD Million) & Sales Volume (Units) [2024-2032]
Chapter 14 : East Asia Vitamin B12 Market Breakdown by Country, Type & Application
- 14.1 East Asia Vitamin B12 Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 14.1.1 China
- 14.1.2 Japan
- 14.1.3 South Korea
- 14.1.4 Taiwan
- 14.1.5 Others
-
14.2 East Asia Vitamin B12 Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 14.2.1 Cyanocobalamin
- 14.2.2 Methylcobalamin
- 14.2.3 Hydroxocobalamin
- 14.2.4 Adenosylcobalamin
-
14.3 East Asia Vitamin B12 Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 14.3.1 Dietary Supplements
- 14.3.2 Pharmaceuticals
- 14.3.3 Food Fortification
- 14.3.4 Animal Feed
- 14.4 East Asia Vitamin B12 Market by Country (USD Million) & Sales Volume (Units) [2024-2032]
- 14.5 East Asia Vitamin B12 Market by Type (USD Million) & Sales Volume (Units) [2024-2032]
- 14.6 East Asia Vitamin B12 Market by Application (USD Million) & Sales Volume (Units) [2024-2032]
Chapter 15 : Southeast Asia Vitamin B12 Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia Vitamin B12 Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 15.1.1 Vietnam
- 15.1.2 Singapore
- 15.1.3 Thailand
- 15.1.4 Malaysia
- 15.1.5 Indonesia
- 15.1.6 Philippines
- 15.1.7 Rest of SEA Countries
-
15.2 Southeast Asia Vitamin B12 Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 15.2.1 Cyanocobalamin
- 15.2.2 Methylcobalamin
- 15.2.3 Hydroxocobalamin
- 15.2.4 Adenosylcobalamin
-
15.3 Southeast Asia Vitamin B12 Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 15.3.1 Dietary Supplements
- 15.3.2 Pharmaceuticals
- 15.3.3 Food Fortification
- 15.3.4 Animal Feed
- 15.4 Southeast Asia Vitamin B12 Market by Country (USD Million) & Sales Volume (Units) [2024-2032]
- 15.5 Southeast Asia Vitamin B12 Market by Type (USD Million) & Sales Volume (Units) [2024-2032]
- 15.6 Southeast Asia Vitamin B12 Market by Application (USD Million) & Sales Volume (Units) [2024-2032]
Chapter 16 : South Asia Vitamin B12 Market Breakdown by Country, Type & Application
- 16.1 South Asia Vitamin B12 Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 16.1.1 India
- 16.1.2 Bangladesh
- 16.1.3 Others
-
16.2 South Asia Vitamin B12 Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 16.2.1 Cyanocobalamin
- 16.2.2 Methylcobalamin
- 16.2.3 Hydroxocobalamin
- 16.2.4 Adenosylcobalamin
-
16.3 South Asia Vitamin B12 Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 16.3.1 Dietary Supplements
- 16.3.2 Pharmaceuticals
- 16.3.3 Food Fortification
- 16.3.4 Animal Feed
- 16.4 South Asia Vitamin B12 Market by Country (USD Million) & Sales Volume (Units) [2024-2032]
- 16.5 South Asia Vitamin B12 Market by Type (USD Million) & Sales Volume (Units) [2024-2032]
- 16.6 South Asia Vitamin B12 Market by Application (USD Million) & Sales Volume (Units) [2024-2032]
Chapter 17 : Central Asia Vitamin B12 Market Breakdown by Country, Type & Application
- 17.1 Central Asia Vitamin B12 Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 17.1.1 Kazakhstan
- 17.1.2 Tajikistan
- 17.1.3 Others
-
17.2 Central Asia Vitamin B12 Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 17.2.1 Cyanocobalamin
- 17.2.2 Methylcobalamin
- 17.2.3 Hydroxocobalamin
- 17.2.4 Adenosylcobalamin
-
17.3 Central Asia Vitamin B12 Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 17.3.1 Dietary Supplements
- 17.3.2 Pharmaceuticals
- 17.3.3 Food Fortification
- 17.3.4 Animal Feed
- 17.4 Central Asia Vitamin B12 Market by Country (USD Million) & Sales Volume (Units) [2024-2032]
- 17.5 Central Asia Vitamin B12 Market by Type (USD Million) & Sales Volume (Units) [2024-2032]
- 17.6 Central Asia Vitamin B12 Market by Application (USD Million) & Sales Volume (Units) [2024-2032]
Chapter 18 : Oceania Vitamin B12 Market Breakdown by Country, Type & Application
- 18.1 Oceania Vitamin B12 Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 18.1.1 Australia
- 18.1.2 New Zealand
- 18.1.3 Others
-
18.2 Oceania Vitamin B12 Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 18.2.1 Cyanocobalamin
- 18.2.2 Methylcobalamin
- 18.2.3 Hydroxocobalamin
- 18.2.4 Adenosylcobalamin
-
18.3 Oceania Vitamin B12 Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 18.3.1 Dietary Supplements
- 18.3.2 Pharmaceuticals
- 18.3.3 Food Fortification
- 18.3.4 Animal Feed
- 18.4 Oceania Vitamin B12 Market by Country (USD Million) & Sales Volume (Units) [2024-2032]
- 18.5 Oceania Vitamin B12 Market by Type (USD Million) & Sales Volume (Units) [2024-2032]
- 18.6 Oceania Vitamin B12 Market by Application (USD Million) & Sales Volume (Units) [2024-2032]
Chapter 19 : MEA Vitamin B12 Market Breakdown by Country, Type & Application
- 19.1 MEA Vitamin B12 Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
- 19.1.1 Turkey
- 19.1.2 South Africa
- 19.1.3 Egypt
- 19.1.4 UAE
- 19.1.5 Saudi Arabia
- 19.1.6 Israel
- 19.1.7 Rest of MEA
-
19.2 MEA Vitamin B12 Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
- 19.2.1 Cyanocobalamin
- 19.2.2 Methylcobalamin
- 19.2.3 Hydroxocobalamin
- 19.2.4 Adenosylcobalamin
-
19.3 MEA Vitamin B12 Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
- 19.3.1 Dietary Supplements
- 19.3.2 Pharmaceuticals
- 19.3.3 Food Fortification
- 19.3.4 Animal Feed
- 19.4 MEA Vitamin B12 Market by Country (USD Million) & Sales Volume (Units) [2024-2032]
- 19.5 MEA Vitamin B12 Market by Type (USD Million) & Sales Volume (Units) [2024-2032]
- 19.6 MEA Vitamin B12 Market by Application (USD Million) & Sales Volume (Units) [2024-2032]
Chapter 20: Research Findings & Conclusion
- 20.1 Key Findings
- 20.2 Conclusion
Chapter 21: Methodology and Data Source
-
21.1 Research Methodology & Approach
- 21.1.1 Research Program/Design
- 21.1.2 Market Size Estimation
- 21.1.3 Market Breakdown and Data Triangulation
-
21.2 Data Source
- 21.2.1 Secondary Sources
- 21.2.2 Primary Sources
Chapter 22: Appendix & Disclaimer
- 22.1 Acronyms & bibliography
- 22.2 Disclaimer
Frequently Asked Questions (FAQ):
The Global Vitamin B12 market size surpassed 3.5 Billion in 2023 and will expand at a CAGR of 7.2% between 2023 and 2032.
The Vitamin B12 Market is growing at a CAGR of 7.2% over the forecasted period 2023 - 2032.
Some of the prominent trends that are influencing and driving the growth of Global Vitamin B12 Market are Vegan-Friendly Products, Bioavailability Research, Fortification
Some of the major challanges seen in Global Vitamin B12 Market are Raw Material Costs, Regulatory Approvals, Market Competition.
Vitamin B12 Market identifies market share by players along with the concentration rate using CR4, CR8 Index to determine leading and emerging competitive players such as DSM, BASF, Hebei Huarong, Ningxia Kingvit, NCPC, Chemizo, Bristol-Myers Squibb, CSPC Pharmaceutical, Pfizer, Merck, Amway, Herbalife, NOW Foods, Nature's Bounty, Swanson, Solgar, Garden of Life, MegaFood, Jarrow Formulas, Thorne Research.
The Global Vitamin B12 Market Study is Broken down by applications such as Dietary Supplements, Pharmaceuticals, Food Fortification, Animal Feed.
The Global Vitamin B12 Market Study is segmented by Cyanocobalamin, Methylcobalamin, Hydroxocobalamin, Adenosylcobalamin.
The Global Vitamin B12 Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
Historical Year: 2019 - 2023; Base year: 2023; Forecast period: 2025 to 2032
Vitamin B12, a water-soluble vitamin, is essential for red blood cell production, neurological health, and DNA synthesis, widely used in supplements, fortified foods, and pharmaceuticals.
