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 recently published Vitamin B12 Market Report by Maximize Market Research is available in the market. Maximize Market research is an international business consultancy firm, serving large and medium size players across the world. It has got clients in more than 34 countries.

The research analyst has said that the Asia Pacific region is a lucrative opportunity for the Vitamin B12 market and components manufacturers for the next ten years. The impact of the market is normal after the Covid Lockdown has been analyzed in the report and the market is showing an upward trend even in the midst of an economic slowdown.

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Vitamin B12 Market Scope

Market experts estimate that between 2021 and 2029, the Vitamin B12 market would rise steadily. As a result of the strong efforts, leading industry players are expected to continue to make aggressive measures to build the sector fast through 2021.

Import and export consumption, supply and demand chain, costs, shares, sales volumes, revenues, and gross profits are covered in the Vitamin B12 market analysis report. The manufacturing bases, capacity, production, factory prices, revenues, and market share of each manufacturer in the Vitamin B12 market are examined in the report. The United States (USA), Canada, Mexico, Germany, France, the United Kingdom (UK), Russia, Italy, China, Japan, South Korea, India, Southeast Asia, Australia, Brazil, and Saudi Arabia are among the countries (regions) researched.

Vitamin B12 Market Segmentation

by Product Type

Methyl cobalamin
Adenosyl cobalamin

by Dosage Form

Others (gummies, sprays, and powders)

by Route of Administration


by Source


by Application

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

by Distribution Channel

Hospital pharmacy

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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)

Regional Analysis

The European region, North American region, Asia-Pacific region, the Middle East and Africa region, and Latin America are the five primary world regions included in the report. The Vitamin B12 Industry Research identifies the market's key geographies, as well as notable segments and sub-segments. The Vitamin B12 market report includes figures, geographies, revenue, and in-depth analysis of the business chain structure, opportunities, and industry news of the Vitamin B12 market

Key Questions answered in the Vitamin B12 Market Report are:

  • What is Vitamin B12 Market?
  • What is the forecast period of the Vitamin B12 Market?
  • What is the competitive scenario of the Vitamin B12 market?
  • Which region held the largest market share in the Vitamin B12 Market?
  • What are the opportunities for the Vitamin B12 Market?
  • What are the restraining factors in the Vitamin B12 market?
  • Who are the key players of the Vitamin B12 market?

Key offerings:

  • Market Share, Size, and Forecast by Revenue|2022-2029
  • Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
  • Market Segmentation: A detailed analysis by Vitamin B12
  • Landscape- Leading key players and other prominent key players.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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