Global Vitamin B12 Market: by Form (Oral, Nasal Spray, and Injections), by Application (Medical Treatment, Food Additives, and Feed Supplements) by Distribution Channel (Hospital Pharmacy, Pharmaceutical Stores, Specialty Stores, and Others) and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)
The vitamin B12 market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating globally. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region wise and segment-wise market share/growth analysis. The report's study will outlook one of the most exhaustive analyses of the market, capturing all the vitamin B12 market aspects.
The vitamin B12 market size was USD 292 million in 2019 and is expected to register a 3.4% CAGR during the forecast period (2020-2025). Vitamin B12 is a highly complex and essential vitamin used in the metabolism of every cell of the human body and is important for blood formation, cell reproduction, and growth. It is present in different animal foods such as meat, eggs, milk, others. The vitamin B12 market is increasing with the cyano form of B12, which is mainly used in the form of prescription drugs and supplements.
COVID-19 is a global public health disease that has affected almost every industry. The outbreak of COVID-19 resulted in an increase in the demand for vitamin B12 products across several sectors, primarily the health and pharmaceutical sector. Coronavirus crises take over the world and led to curfews and lockdown, which impacted a lot of businesses worldwide, directly affected the production and demand for these products. This creates many opportunities for the new players and small-scale players to mark their presence in the regional market and offer low-cost prices and high-quality products to the end-users. Therefore, with the outbreak of the COVID-19, there is a significant surge in demand for vitamin B12 products that have been seen across the globe, which has positively impacted the vitamin B12 market value in 2020 and subsequent years.
The report outlines the global vitamin B12 market study based on form, application, and distribution channel.
The vitamin B12 market has been segmented based on form –
The vitamin B12 market has been segmented based on application –
The vitamin B12 market has been segmented based on the distribution channel –
Based on the region, the global vitamin B12 market has been segmented into five geographical regions, namely, North America, Asia Pacific, Europe, South America, and the Middle East and Africa. In 2019, North America held the largest share in the vitamin B12 market, followed by the Asia Pacific and Europe. Moreover, Asia Pacific is expected to project the highest CAGR globally over the forecast period, owing to a rise in the number of pharmaceutical stores in the region.
The vitamin B12 market is highly fragmented, with the presence of a large number of small players across the globe. The vital vitamin B12 market manufacturers operating in the global market are –
The vitamin B12 tools market report provides a thorough analysis of macro-economic factors and every segment's market attractiveness. The report will include an in-depth qualitative and quantitative assessment of segmental/regional outlook with the market players' presence in the respective segment and region/country. The information concluded in the report includes the inputs.
Frequently Asked Questions
Want to Review Complete Market Research Report
Budget constraints? Get in touch with us for special pricing
Request for Special PricingCustomize this Report
Related Reports
Digital Pathology Market 2024: Industry Size, Emerging Trends, Regions, Growth Insights, Opportunities, and Forecast By 2033
Oct 2024Dry Dental Vacuum Market 2024: Industry Size, Emerging Trends, Regions, Growth Insights, Opportunities, and Forecast By 2033
Oct 20243D Printed Nose Protection Masks Market 2024: Industry Size, Emerging Trends, Regions, Growth Insights, Opportunities, and Forecast By 2033
Oct 2024Disposable Tissue Closure Clamp Market 2024: Industry Size, Emerging Trends, Regions, Growth Insights, Opportunities, and Forecast By 2033
Oct 2024Light Cure Orthodontic Adhesive Market 2024: Industry Size, Emerging Trends, Regions, Growth Insights, Opportunities, and Forecast By 2033
Oct 2024