Vitamin B12 Market Growth | Trends, Demand, Supplements & Forecast 2025 | Top key players - Hoffmann-La Roche Ltd., Bayer AG, Merck Group.

The latest report published by DataM Intelligence highlights the growth prospects of Vitamin B12 market. The industry expansion is majorly driven by developments in technology across the globe.

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The Global Vitamin B12 Market reached US$ 346.18 million in 2023 and is expected to reach US$ 517.25 million by 2031, growing at a CAGR of 5.15% during the forecast period 2024-2031.

The Vitamin B12 Market includes the production, distribution, and use of Vitamin B12 supplements and fortified products. This essential nutrient supports nerve health, red blood cell formation, and energy metabolism. With growing awareness around health and nutrition, demand is rising across dietary supplements, pharmaceuticals, and food industries, especially among vegetarians, vegans, and the elderly who may lack adequate B12 intake.

Competitive Evaluation:

Companies covered in this report are Hoffmann-La Roche Ltd., Bayer AG, Merck Group, Johnlee Pharmaceuticals Pvt. Ltd, American Regent Inc, Koninklijke DSM N.V., EUROAPI, Pharmavit, Supreem Pharmaceuticals Mysore Pvt. Ltd. and Arshine Feed Additives Co., Ltd.

The Vitamin B12 Market analysis identifies a number of major market players. It enables companies to understand the strategies and partnerships used by other industry players to combat market competition. The comprehensive market report provides a fascinating microscopic look at the market. Corporations can detect the footprints of manufacturers by learning about demand, the global price of manufacturers, and the global benefit of manufacturing companies.

Key Development

On October 25, 2022, DIESSE Diagnostica Senese announced the launch of two new mono-tests for Vitamin B12 and Folate, with availability expected by the end of November. These tests play a vital role in diagnosing conditions like anemia and neuropathy, assessing overall nutritional status, and tracking the effectiveness of vitamin-based treatments.

On June 3, 2021, Ruchi Soya made its foray into the nutraceuticals market with the launch of 10 new products, all offering 100% vegetarian nutrition. The company is promoting this range under a joint branding strategy featuring both "Patanjali" and "Nutrela," marking a significant step into the growing health and wellness sector.

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Vitamin B12 Market Segments

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviors.

By Product: Cyanocobalamin, Hydroxocobalamin, Methyl cobalamin, Adenosyl cobalamin.

By Source: Plant-based, Animal-based.

By Composition: Tablets, Capsules, Powders, Others.

By Application: Food and Beverage, Animal Feed, Personal Care, Others.

Regional Assessment:

Regional analysis includes segmentation based on the geography that accentuates the recent and future demand for Vitamin B12 market across North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The study also focuses on the demand for each application segment over all the prominent regions.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

In terms of geographical analysis, Vitamin B12 Market report provides an in-depth view of:-

∎ Regional level break-up
∎ Leading growth rates
∎ Countries with the largest market share
∎ Market factors
∎ Latest developments
∎ Industry challenges
∎ Regulatory policies
∎ Player strategies

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This report provides a 360-degree synopsis of the competitive scenario of the Vitamin B12 industry. It has enormous awareness joined to the ongoing item and technical improvements in the business sector. It has a thorough analysis of the impact of the potential future development of these headways, a wide-ranging review of those extensions available for future growth.

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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