Global Vitamin B12 Market was valued at USD 251.5 million in 2022 and is projected to reach USD 386.2 million by 2029, growing at a CAGR of 5.5% during the forecast period of 2023-2029.

Global Vitamin B12 Market Overview

The total global market for the Global Vitamin B12 Market was valued at USD in 2022 and is expected to grow at a CAGR of percent over the forecast period to reach USD by 2029. The report analyzed by Maximize Market Research, on the Global Vitamin B12 market, covers an extensive regional analysis and competitive landscape.

Global Vitamin B12 Market Report Scope and Research Methodology

The detailed analysis of segments provides clear information on the Global Vitamin B12 Market potential. The report provides investors with a complete insight into the Global Vitamin B12 industry's future, as well as the elements that are expected to affect the market positively and negatively. For the competitive analysis, the report includes the market leaders, followers and new entrants in the Global Vitamin B12 Industry with information on strategies, revenue, partnership, joint ventures, etc.

The Global Vitamin B12 Market report provides a qualitative and quantitative analysis of market size, price, demand, mergers and acquisitions, supply chain, investment and expansion plans by key competitors, and predictions. For the competitive analysis, the report involves the market leaders, followers and new entrants in the Global Vitamin B12 Industry with information on strategies, revenue, partnership, joint ventures, etc. The bottom-up approach was used to estimate the Global Vitamin B12 Market size. To collect the data for the Global Vitamin B12 Market report, primary and secondary data collection methods were used. To provide the strengths and weaknesses of the Global Vitamin B12’ key players, the SWOT analysis was used. PESTLE was used to present the potential impact of the macroeconomic and micro-economic factors affecting the Global Vitamin B12 industry.

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Global Vitamin B12 Market Regional Insights

The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. To understand the Global Vitamin B12 market status in several countries, the regional analysis is used in the report. The Global Vitamin B12 market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

Global Vitamin B12 Market Segmentation

The Vitamin B12 market is segmented on the basis of product type, with cyanocobalamin, methyl cobalamin, and adenosyl cobalamin being the three main categories. Cyanocobalamin is the most widely used form of Vitamin B12, accounting for over 60% of the total market share in 2020. However, methyl cobalamin and adenosyl cobalamin are gaining popularity due to their superior bioavailability and health benefits, especially among the vegan and vegetarian population.

Vitamin B12 Market, by Product type (2022-2029)

. Cyanocobalamin
. Methyl cobalamin
. Adenosyl cobalamin

Vitamin B12 Market, by Form (2022-2029)

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

Vitamin B12 Market, by End-user (2022-2029)

. Pharmaceuticals
. Dietary supplements
. Food and beverages

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Global Vitamin B12 Market Key Players

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

Key questions answered in the Global Vitamin B12 Market are:

• What is Global Vitamin B12?
• What was the Global Vitamin B12 market size in 2023?
• What is the growth rate of the Global Vitamin B12 Market?
• Which are the factors expected to drive the Global Vitamin B12 market growth?
• What are the different segments of the Global Vitamin B12 Market?
• What growth strategies are the players considering to increase their presence in Global Vitamin B12?
• What are the upcoming industry applications and trends for the Global Vitamin B12 Market?
• What is the demand pattern of the Global Vitamin B12 Market?
• What major challenges could the Global Vitamin B12 Market face in the future?
• What segments are covered in the Global Vitamin B12 Market?
• Who are the leading companies and what are their portfolios in Global Vitamin B12 Market?
• What segments are covered in the Global Vitamin B12 Market?
• Who are the key players in the Global Vitamin B12 market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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