Vitamin B12 Market Lead Market Growth 2025-2032 | American Regent Inc, Koninklijke DSM N.V., EUROAPI, Pharmavit, Supreem Pharmaceuticals Mysore 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.

The Vitamin B12 Market Report by DataM Intelligence delivers comprehensive insights into key market trends, growth drivers, and emerging challenges. With a focus on providing actionable intelligence, DataM Intelligence enables businesses to make informed strategic decisions and maintain a competitive edge. Leveraging both qualitative and quantitative research methodologies, the report offers in-depth analysis to help clients navigate complex market dynamics, identify new opportunities, and accelerate growth in today's rapidly evolving global landscape.

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Vitamin B12 (cobalamin) is a water-soluble vitamin essential for nerve function, DNA synthesis, and red blood cell formation. Found naturally in animal products and increasingly in fortified foods and supplements, it is especially important for vegans, elderly populations, and those with absorption disorders. The Vitamin B12 market is growing due to rising awareness of nutritional deficiencies, expansion in functional foods, and innovation in plant-based supplementation.

List of the Market 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 News:

In August 2024, Expana announced a proposal to introduce weekly Expana Benchmark Prices (EBP) for choline chloride 60% and vitamin B12 across all regions. The company is currently seeking feedback from market participants to support the development and implementation of these benchmark pricing indices.

Research Methodlogy:

The global Vitamin B12 Market research report utilizes both primary and secondary data sources to provide a well-rounded analysis. Throughout the research process, various influential factors are assessed-including regulatory frameworks, current market dynamics, historical trends, competitive landscape, technological progress, upcoming innovations, and related industry developments. The report also considers market volatility, growth prospects, potential barriers, and emerging challenges to offer a comprehensive view of the market environment.

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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

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)

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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People Also Ask:

➤ What are the global sales, production, consumption, import, and export figures for the Vitamin B12 market?
➤ Who are the key players, and how do they perform in terms of capacity, output, pricing, and revenue?
➤ What major opportunities and challenges exist for vendors in this market?
➤ Which product types and end-user segments show the most growth potential and market share?
➤ What are the main growth drivers and restraints in the Vitamin B12 market?
➤ What sales, marketing, and distribution channels are commonly used?

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