Vitamin B12 Market Segment, Companies, Trend & Growth Analysis 2024-30

 


Global Vitamin B12 Market Analysis

MarkNtel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the Global Vitamin B12 market. The research report on the Vitamin B12 Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts.

The report further comprises, â€œGlobal Vitamin B12 Market size is valued at around USD 288 million in 2024 and is projected to register a significant CAGR of around 9.19% during the forecast period, i.e., 2024-30.

In case you missed it, we are currently revising our reports. Click on the "request sample report" button to get the latest research data with forecast for the years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn't take long for the team to deliver the most recent version of the report.

Global Vitamin B12 Market Trend:

Rise in Veganism & Vegetarianism Changing Market Dynamics – One developing trend that is having a big influence on the vitamin B12 market size is the rise in veganism and vegetarianism. For ethical, environmental, and health-related reasons, more people are switching to plant-based diets, which is driving rising demand for foods and supplements enriched with vitamin B12. Since vitamin B12 is naturally present in animal products, vegetarians and vegans are more likely to be deficient in it. To satisfy their nutritional demands, this has caused a spike in the consumption of B12 supplements and fortified plant-based foods, such as cereals, plant milk, and nutritional yeasts. Market growth is being driven by the increasing number of vegan and vegetarian consumers, especially in developed areas, to which leading companies are responding by offering a greater range of goods enhanced with B12.

This trend is further supported by growing awareness of the need to maintain enough B12 levels for general health, which makes the rise in veganism and vegetarianism a major factor augmenting vitamin B12 supplement market share.

Global Vitamin B12 Market Segment & Geography [2024-30]

The Vitamin B12 market is segmented into significant segments based on Geography.

-By Cyanocobalamin Type

  • Injection
  • Oral
  • Spray

-By Type of Production

  • Direct Fermentation
  • Indirect Production
  • Genetic Engineering

-By Product

  • 1% Vitamin B12
  • 2% Vitamin B12
  • 98% Vitamin B12
  • Others (96% Vitamin B12, 99% Vitamin B12)

-By Application

  • Medical Treatment
  • Food Additives
  • Feed Supplement
  • Others (Cosmetics, Pharmaceutical, etc.)

Geographical Analysis

-By Region

  • Americas
  • Asia-Pacific
  • Middle East & Africa
  • Europe

Explore Our Comprehensive Study:  https://www.marknteladvisors.com/research-library/global-vitamin-b12-market.html

Top Companies Essentially Working in Vitamin B12 Market

  • Hebei Yufeng Group
  • Hebei Huarong Pharmaceutical
  • BASF Nutrition
  • Sanofi
  • NCPC VICTOR
  • Chempure
  • Hebei Yuxing Bio-Engineering Co. Ltd
  • Ningxia Kingvit Pharmaceutical

Frequently Asked Questions (FAQs)-

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the market?
  3. What leading factors would propel and impede the industry across the geography?
  4. How has the industry been evolving in terms of geography & Vitamin B12 adoption?
  5. How has the competition been shaping up across the geography?
  1. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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  • Well-known business Prospects: Our accurate analysis market research report serves as a treasure map for discovering potential markets and novel product avenues. Additionally, it facilitates comprehensive comparisons of products and services.
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