Vitamin B12 (Cobalamin/Cyanocobalamin) Market to Witness Remarkable Growth at a CAGR of 7.10% from 2025 to 2033 - Key Players Include DSM, BASF, Pfizer, Sanofi, and CSPC Pharmaceutical Group

According to a new study by DataHorizzon Research, the "Vitamin B12 Cobalamin Cyanocobalamin Market" is projected to grow at a CAGR of 7.10% from 2025 to 2033, driven by rising demand for nutritional supplements, fortified foods, and growing awareness regarding vitamin deficiencies. The increasing prevalence of veganism and vegetarian diets, which often result in vitamin B12 deficiency, has amplified the demand for fortified foods and B12 supplements globally. Additionally, technological advancements in bio-fermentation and synthetic production are enabling higher purity and sustainable vitamin B12 production.

Market Size & Insights

The vitamin B12 cobalamin cyanocobalamin market is valued at approximately USD 308.37 million in 2024 and is anticipated to reach around USD 533.82 million by 2033, reflecting a CAGR of 7.10% from 2025 to 2033, growing at a steady pace throughout the forecast period. The growth is primarily attributed to the increasing use of cyanocobalamin in dietary supplements, pharmaceuticals, and animal nutrition products.

Vitamin B12 plays a critical role in red blood cell formation, DNA synthesis, and neurological function, making it an essential nutrient for maintaining overall health. The market has witnessed significant traction from the healthcare, nutraceutical, and food industries due to the rising prevalence of lifestyle disorders and nutritional imbalances. Moreover, a surge in fortified beverages and plant-based dairy alternatives has expanded the consumption avenues for B12 products.

In addition, pharmaceutical applications-especially in injectable formulations and tablets-are expected to see robust demand in the coming years. The market's expansion is further boosted by increasing government initiatives promoting micronutrient supplementation in developing nations.

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Important Points

• Increasing vegan population driving B12 supplement consumption globally.
• Rapid adoption of B12-enriched fortified foods and beverages.
• Expanding application in pharmaceuticals for treating anemia and neurological disorders.
• Technological advancements in biosynthetic and microbial fermentation processes.
• Rising animal feed supplementation in livestock and poultry nutrition.
• Strategic collaborations among manufacturers for product innovation and distribution expansion.

Key Factors Driving the Future Growth of the Vitamin B12 (Cobalamin/Cyanocobalamin) Market

• Rising Health Awareness: Consumers are increasingly focusing on preventive healthcare and dietary supplementation, driving the demand for vitamin B12-based products.
• Vegan and Vegetarian Diet Trends: Plant-based diets lack natural B12 sources, creating strong market potential for fortified food and supplement manufacturers.
• Expanding Nutraceutical Sector: The booming nutraceutical and functional food industry is integrating B12 into diverse products such as powders, and capsules.
• Technological Innovation: Advancements in fermentation and purification technologies have enhanced production efficiency and product quality.
• Pharmaceutical Growth: Increasing use of B12 injections and tablets for treating deficiencies and neurological disorders bolsters the pharmaceutical segment.
• Government Support: Initiatives promoting fortified nutrition programs and awareness campaigns further accelerate market penetration.

Top 10 Market Companies

• DSM Nutritional Products
• BASF SE
• Pfizer Inc.
• Sanofi S.A.
• CSPC Pharmaceutical Group Limited
• Hebei Huarong Pharmaceutical Co., Ltd.
• Merck KGaA
• Zhejiang NHU Co., Ltd.
• Jubilant Life Sciences Ltd.
• Huazhong Pharmaceutical Co., Ltd.

Market Segments

By Product Type
o Cyanocobalamin
o Methylcobalamin
o Hydroxocobalamin
o Adenosylcobalamin
o Others

By Form
o Powder
o Liquid
o Tablets & Capsules
o Injections
o Others

By Application
o Pharmaceuticals
o Dietary Supplements & Nutraceuticals
o Food & Beverages Fortification
o Animal Feed & Pet Food
o Others

By Distribution Channel
o Direct Sales (B2B)
o Retail Pharmacies
o Online Retail/E-commerce
o Others

By Region:
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa

Recent Developments

• Leading market players are investing heavily in bio-based and sustainable production technologies to minimize environmental impact.
• Several companies have launched B12-fortified plant-based milk and energy beverages, expanding product accessibility for vegan consumers.
• Ongoing strategic collaborations between pharmaceutical and nutraceutical companies to introduce novel formulations.
• Manufacturers are focusing on clinical trials and product efficacy research to strengthen brand credibility and market reach.
• Expansion of e-commerce channels for vitamin supplements, enhancing product availability in emerging markets.
• Increased focus on micro-encapsulation technology to improve stability and bioavailability of B12 supplements.

Regional Insights

North America holds the largest share of the Vitamin B12 market, driven by a high prevalence of vegan and vegetarian populations in the U.S. and Canada, along with widespread consumer awareness of dietary deficiencies. Europe follows closely, with growing adoption of fortified functional foods. Meanwhile, Asia-Pacific is projected to record the fastest CAGR, supported by urbanization, rising healthcare awareness, and expansion of local supplement manufacturers in India, China, and Japan.

Market Outlook

The Vitamin B12 (Cobalamin/Cyanocobalamin) Market is set for steady and sustained growth through 2033, underpinned by the rising emphasis on preventive healthcare, balanced nutrition, and global dietary transitions toward plant-based consumption. With increasing consumer preference for clean-label and vegan-certified products, manufacturers are innovating in synthetic and natural vitamin sources to meet evolving demands.

Moreover, partnerships between nutraceutical, food, and pharmaceutical companies will continue to reshape the market landscape, introducing multifunctional supplements and fortified products targeting energy, metabolism, and cognitive health.

Technological progress in bioprocessing and microbial fermentation is also expected to reduce production costs and improve scalability, fostering greater accessibility in both developed and developing economies. As awareness campaigns and regulatory initiatives continue to encourage vitamin fortification, the global Vitamin B12 market will play a vital role in addressing nutritional gaps worldwide.

Overall, the market presents strong growth potential across diverse sectors-including pharmaceuticals, dietary supplements, animal nutrition, and food fortification-making it a pivotal segment in the global health and wellness industry.

Contact:
Ajay N
Ph: +1-970-633-3460

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DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR's comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.

This release was published on openPR.