Press release
The Vitamin B12 market was valued at USD 251.5 Mn in 2022 and is projected to reach USD 386.2 Mn by 2029, growing at a CAGR of 5.5 Percent during the forecast period.
Vitamin B12 Market
The detailed report offers insights into market size, growth potential, trends, and key players in the Vitamin B12 market. It includes a SWOT analysis, Porter's Five Forces analysis, and a comprehensive analysis of the competitive landscape.
The report was prepared using extensive primary and secondary research methodologies to gather accurate and reliable information about the Vitamin B12 market. The research included interviews with industry experts, surveys, and analysis of data from reliable sources.
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Vitamin B12 Market Dynamics:
The growth in the Vitamin B12 market is driven by the rising awareness of Vitamin B12 deficiencies and its health benefits. The increasing prevalence of Vitamin B12 deficiency in people following a vegetarian or vegan diet is also expected to drive the demand for Vitamin B12 supplements.
The Vitamin B12 market faces challenges such as limited sources of Vitamin B12, complex regulatory environments, fluctuating prices, lack of awareness, and competition. Manufacturers face difficulties in obtaining adequate amounts of Vitamin B12 from animal-based products, making it challenging for vegans and vegetarians. The regulatory environment for supplements and fortified foods is complex, which can delay product launches. Fluctuating prices of supplements and ingredients impact profitability and pricing consistency.
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Vitamin B12 Market Regional Insights:
North America and Europe are currently the leading markets for Vitamin B12, with Asia-Pacific expected to witness significant growth in the coming years. The Asia-Pacific region, including China, India, and Japan, offers substantial growth potential due to increasing healthcare expenditure and rising awareness of health and wellness.
Vitamin B12 Market Segmentation:
By Product Type:
1.Cyanocobalamin
2.Methyl cobalamin
3.Adenosyl cobalamin
By Form:
1.Tablets
2.Capsules
3.Injections
By End-User:
1.Pharmaceuticals
2.Dietary supplements
3.Food and beverages
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Vitamin B12 Market Key Competitors include:
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)
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Table of Content for Vitamin B12 Market
1. Global Vitamin B12 Market: Research Methodology
2. Global Vitamin B12 Market: Executive Summary
• Market Overview and Definitions
• Introduction to Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Vitamin B12 Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Vitamin B12 Market Segmentation
• Global Market, by Product Type (2021-2029)
• Global Market, by Form (2021-2029)
• Global Market, by End-User (2021-2029)
5. Regional Vitamin B12 Market (2021-2029)
• Regional Market, by Product Type (2021-2029)
• Regional Market, by Form (2021-2029)
• Regional Market, by End-User (2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Purchase Report:https://www.maximizemarketresearch.com/market-report/vitamin-b12-market/187660/
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product Type, Form and End-User
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
o Competitive landscape - Market Leaders, Market Followers, Regional player
o 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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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 medical devices, pharmaceutical manufacturers, 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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