Top Players in Vitamin B12 Market - Growth Insights & Opportunities 2025-2032 | Hoffmann-La Roche Ltd., Bayer AG, Merck Group, Johnlee Pharmaceuticals Pvt. Ltd

Vitamin B12 Market size reached US$ 350.12 million in 2024 and is expected to reach US$ 592.63 million by 2032, growing with a CAGR of 6.80% during the forecast period 2025-2032.

Latest Updates of Vitamin B12 Market

Rozebalamin approved for ALS therapy
✦ In September 2024, Japan's health authorities approved Rozebalamin (ultrahigh-dose mecobalamin, a form of vitamin B12) for slowing functional decline in early-stage ALS patients. The Phase 3 JETALS trial showed around a 43% reduction in disease progression over 16 weeks compared to placebo.

Eisai launches new ALS treatment packaging
✦ Eisai introduced specialized light-protective, resealable vials for Rozebalamin, earning a Good Design Award in Japan thanks to its innovative and patient-friendly design.

Methylcobalamin standard use in Japan
✦ Japan continues its established practice of using methylcobalamin (biologically active Vitamin B12) to treat peripheral neuropathy and megaloblastic anaemia, reflecting long-standing clinical reliance on B12 therapies.

Need for better B12 testing in clinical settings
✦ A new point-of-care assay (Accre 8) has shown high accuracy in quantifying Vitamin B12. Although not Japan-specific, it signals growing global momentum-and potential future adoption in Japanese clinics-to improve B12 deficiency diagnostics.

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Vitamin B12 Market Overview

Vitamin B12, also known as cobalamin, is a water-soluble vitamin essential for red blood cell formation, nerve function, DNA synthesis, and energy production. It is naturally found in animal products like meat, dairy, and eggs, and is often added to fortified foods or taken as a supplement.

Research Methodology:

The global Vitamin B12 Market research report is based on a combination of primary and secondary data sources. The study carefully analyzes various factors influencing the industry, including government regulations, market dynamics, competitive landscape, historical trends, current conditions, and technological progress. It also evaluates future developments, related industry trends, market volatility, growth prospects, potential obstacles, and emerging challenges.

Segment Covered in the Vitamin B12 Market:

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

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List of the Key Players in the Vitamin B12 Market:

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.

Industry Development:

In August 2024, Expana proposed launching weekly Expana Benchmark Prices (EBP) for Choline Chloride 60% and Vitamin B12 across all regions and is currently gathering feedback from market participants.

Regional Analysis for Vitamin B12 Market:

⇥ 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)

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The Report Includes:

➡ 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

➡ Go-to-market Strategy.

➡ Neutral perspective on the market performance.

➡ Customized regional/country reports as per request and country level analysis.

➡ Potential & niche segments and regions exhibiting promising growth covered.

People Also Ask:

➠ What are the global sales, production, consumption, imports, and exports in the Vitamin B12 market?

➠ Who are the top manufacturers, and what are their capacity, production, sales, pricing, and revenue stats?

➠ What key opportunities and challenges do vendors face in the Vitamin B12 industry?

➠ Which product types, applications, or end-users are driving market growth, and what is their market share?

➠ What are the major growth drivers and restraints of the Vitamin B12 market?

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