openPR Logo
Press release

Global Vitamin B12 Supplement Market: Exploring Trends, Health Benefits, and Market Dynamics of Essential Nutritional Supplements

Vitamin B12 Supplement Market

Vitamin B12 Supplement Market

Vitamin B12 Supplement Market Snapshot
Newly-released Vitamin B12 Supplement market analysis report by Persistence Market Research reveals that global sales of Vitamin B12 Supplement 2022 were held at US$ 285.5 Million. With a 6.1% projected CAGR from 2023 to 2033, the market is expected to reach a valuation of US$ 549 Million by the end of the forecast period. Vitamin B12 Supplement revenue through Fortified Food & Beverage application is expected to garner significant revenue, and is projected to grow at a CAGR of over 5.9% from 2023 to 2033.

The global vitamin B12 supplement market is expected to grow significantly in the forecast period. Vitamin B12 supplements are consumed by people who do not get enough vitamin B12 from their regular diet, which can lead to various health problems. The market is driven by factors such as the increasing prevalence of vitamin B12 deficiency, the growing aging population, and the rising popularity of vegan and vegetarian diets.

Need More Insights on Competitor Analysis of the report, Request for Sample@ https://www.persistencemarketresearch.com/samples/33286

Market Drivers:
The increasing prevalence of vitamin B12 deficiency is a major driver of the vitamin B12 supplement market. Vitamin B12 is an essential nutrient that is required for the proper functioning of the nervous system and the production of red blood cells. However, many people do not consume enough vitamin B12 in their regular diet, which can lead to deficiency and various health problems. This has led to an increase in the demand for vitamin B12 supplements.

Another driver of the vitamin B12 supplement market is the growing aging population. As people age, their ability to absorb vitamin B12 from food decreases, which can lead to deficiency. This has led to an increase in the demand for vitamin B12 supplements among the elderly population.

The rising popularity of vegan and vegetarian diets is also driving the vitamin B12 supplement market. Vitamin B12 is primarily found in animal-based foods, and people who follow a vegan or vegetarian diet may not consume enough vitamin B12. This has led to an increase in the demand for vitamin B12 supplements among the vegan and vegetarian population.

Market Restraints:
One of the main challenges for the vitamin B12 supplement market is the availability of raw materials. Vitamin B12 supplements are primarily made from bacterial fermentation, and the availability of the raw materials required for fermentation can be limited, which can lead to price fluctuations.

If You want to Purchase Specific Insights By Segment/Region/Competitor, Request For Customization@ https://www.persistencemarketresearch.com/request-customization/33286

Segmentation:
The global vitamin B12 supplement market can be segmented by type, form, distribution channel, and region.
• Based on type, the market can be segmented into tablets, capsules, and others.
• Based on form, the market can be segmented into cyanocobalamin, methylcobalamin, and others.
• Based on distribution channel, the market can be segmented into online retail, offline retail, and others.

Regional Analysis:
The global vitamin B12 supplement market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to hold the largest share of the market owing to the increasing prevalence of vitamin B12 deficiency and the growing aging population in the region. Asia Pacific is expected to grow at a significant CAGR owing to the rising popularity of vegan and vegetarian diets in the region.

If You Want To Know The Business Opportunity/Market Value, Purchase The Premium Insight@ https://www.persistencemarketresearch.com/checkout/33286

Competitive Landscape:
The global vitamin B12 supplement market is highly competitive with key players such as Pfizer, Merck, Sanofi, GlaxoSmithKline, and Nature's Bounty. These players are focusing on new product launches and strategic partnerships to expand their market share. For instance, in December 2021, Nature's Bounty launched a new line of vitamin B12 supplements for the vegan and vegetarian population.

The global vitamin B12 supplement market is expected to witness significant growth over the forecast period owing to the increasing prevalence of vitamin B12 deficiency, the growing aging population, and the rising popularity of vegan and vegetarian diets. However, the availability of raw materials can be a hindrance to market growth. The market is highly competitive with key players focusing on new product launches and strategic partnerships to expand their market share.

Read More Trending "PMR Exclusive Article": https://www.globenewswire.com/en/news-release/2023/02/07/2603159/0/en/Vitamin-B12-Supplement-Market-is-predicted-to-reach-a-revenue-of-US-549-million-by-2033-Reveals-Persistence-Market-Research.html

Contact Us:
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com

About us:
The Food & Beverage team at Persistence Market Research provides all the necessary insights and consulting analysis to fulfil the unique business intelligence needs of clients worldwide. With a catalogue of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Vitamin B12 Supplement Market: Exploring Trends, Health Benefits, and Market Dynamics of Essential Nutritional Supplements here

News-ID: 3175708 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for B12

Vitamin B12 API Market Current Scenario with Future Aspect Analysis
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Vitamin B12 API Market - (By Type (Cyanocobalamin, Hydroxocobalamin (Hydroxocobalamin Chloride, Hydroxocobalamin Acetate, Hydroxocobalamin Base), Others (Methylcobalamin, etc.)), By Form (Powder, Liquid), By Grade (Pharmaceutical Grade, Food Grade, Industrial Grade), By Distribution Channel (Direct Sales, Distributors/Wholesalers, Online Retailers, Pharmacies, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031." According to the latest research by InsightAce
Vitamin B12 API Market Exclusive Report with Detailed Study Analysis
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Vitamin B12 API Market - (By Type (Cyanocobalamin, Hydroxocobalamin (Hydroxocobalamin Chloride, Hydroxocobalamin Acetate, Hydroxocobalamin Base), Others (Methylcobalamin, etc.)), By Form (Powder, Liquid), By Grade (Pharmaceutical Grade, Food Grade, Industrial Grade), By Distribution Channel (Direct Sales, Distributors/Wholesalers, Online Retailers, Pharmacies, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031." According to the latest research by InsightAce
Charting New Frontiers: Vitamin B12 Drops Market Dynamics
𝐆𝐫𝐨𝐰𝐭𝐡 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬, a prominent Market research firm, has recently released a comprehensive report on the 𝐕𝐢𝐭𝐚𝐦𝐢𝐧 𝐁𝟏𝟐 𝐃𝐫𝐨𝐩𝐬 𝐌𝐚𝐫𝐤𝐞𝐭. This report offers a complete overview of the key aspects of the market, providing a robust assessment of the current Market situation and its anticipated scope. The report spans the forecast period from 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟐. 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: - In-depth Analysis of 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭: The report includes a detailed
Vitamin B12 Gummy Market Research Report | Valuates Reports
In 2020, the global Vitamin B12 Gummy market size was US$ XX million and it is expected to reach US$ XX million by the end of 2027, with a CAGR of XX% during 2021-2027. In United States the Vitamin B12 Gummy market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period. View Full
Vitamin B12 Gummy Market 2022 | Detailed Report
The Vitamin B12 Gummy market research report delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. The Vitamin B12 Gummy report also incorporates the current and future global market outlook in the emerging and developed markets. Moreover, the report also investigates regions/countries expected to witness the fastest growth rates during the forecast period. The Vitamin B12 Gummy research report also provides insights of different
Vitamin B12 Market to Witness Robust Expansion by 2025
LP INFORMATION recently released a research report on the Vitamin B12 analysis, which studies the Electrical Cord Reels's industry coverage, current market competitive status, and market outlook and forecast by 2025. Global “Vitamin B12 2020-2025” Research Report categorizes the global Vitamin B12 by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players analysis, market share, growth rate, opportunities