The Global Vitamin B12 Market size was valued at around USD 288 million in 2024 and is projected to reach USD 444.47 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.50% during the forecast period, i.e., 2025-30. According to MarkNtel Advisors Study.
Global Vitamin B12 Market Driver:
Prevalence of Vitamin B12 Deficiency to Drive Market Growth – One major factor propelling the Global Vitamin B12 Market size is the incidence of vitamin B12 deficiency. Widespread vitamin B12 insufficiency impacts many exceptional demographics, including the elderly, vegetarians, vegans, and those with precise scientific illnesses, which include pernicious anemia and gastrointestinal issues that cause problems with the absorption of nutrients. With elevated knowledge of the bad outcomes of vitamin B12 insufficiency on fitness, which include anemia, exhaustion, and neurological issues, more individuals are looking for fortified ingredients and dietary supplements to deal with and prevent these deficiencies.
Demand is also pushed by healthcare experts’ growing recommendation for nutrition B12 dietary supplements as a part of preferred medical treatment, particularly for at-risk populations. Increased market demand and a proactive method for controlling nutrition B12 levels are driving the use of vitamin B12 products throughout an extensive range of world populations. Thus, in the long run, augmenting the vitamin B12 supplement market share.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Vitamin B12 Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Cyanocobalamin Type
- Injection–Market Size & Forecast 2020-2030, USD Million
- Oral–Market Size & Forecast 2020-2030, USD Million
- Spray–Market Size & Forecast 2020-2030, USD Million
- By Type of Production
- Direct Fermentation–Market Size & Forecast 2020-2030, USD Million
- Indirect Production–Market Size & Forecast 2020-2030, USD Million
- Genetic Engineering–Market Size & Forecast 2020-2030, USD Million
- By Product
- 1% Vitamin B12–Market Size & Forecast 2020-2030, USD Million
- 2% Vitamin B12–Market Size & Forecast 2020-2030, USD Million
- 98% Vitamin B12–Market Size & Forecast 2020-2030, USD Million
- Others (96% Vitamin B12, 99% Vitamin B12) –Market Size & Forecast 2020-2030, USD Million
- By Application
- Medical Treatment–Market Size & Forecast 2020-2030, USD Million
- Food Additives–Market Size & Forecast 2020-2030, USD Million
- Feed Supplement–Market Size & Forecast 2020-2030, USD Million
- Others (Cosmetics, Pharmaceutical, etc.) –Market Size & Forecast 2020-2030, USD Million
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Hebei Yufeng Group, Hebei Huarong Pharmaceutical, BASF Nutrition, Sanofi, NCPC VICTOR, Chempure, Hebei Yuxing Bio-Engineering Co. Ltd, Ningxia Kingvit Pharmaceutical, Others looking forward to strengthening their market positions.
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