vitamins b12 (cobalamin) market Size, Trend and Forecast to 2029

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Data Bridge Market Researchunveils a comprehensive study of Market, presented in a visually compelling format for effective data absorption. Key insights are readily evident through insightful graphs, charts, and figures, empowering informed decision-making.     

"Vitamins b12 (cobalamin) Market research report gives detailed market insights with which visualizing market place clearly become easy. The market report endows with an utter background analysis of the  industry along with an assessment of the parental market. This market research report puts forth the comprehensive analysis of the market structure and the estimations of the various segments and sub-segments of the  industry. The process of formulating vitamins b12 (cobalamin) Market report is initiated with the expert advice and the utilization of several steps. To perform several estimations and calculations, the definite base year and the historic year are considered as a support in the report.

Detailing about the actions of key players with respect to product launches, joint ventures, developments, mergers and acquisitions and effects of the same in terms of sales, import, export, revenue and CAGR values is also conducted in the vitamins b12 (cobalamin) Market business report. The report contains key information about the industry, market segmentation, important facts and figures, expert opinions, and the latest advancements happening across the globe. This market report surely assists in the journey to accomplish the business growth and success. Employment of well-known statistical tools and coherent models for analysis and forecasting of market data makes vitamins b12 (cobalamin) Marketing report outperforming.

Data Bridge Market Research analyses that the vitamin B12 (cobalamin) market was valued at USD 0.293 billion in 2021 and is expected to reach the value of USD 0.51 billion by 2029, at a CAGR of 7.2% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

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https://www.databridgemarketresearch.com/reports/global-vitamin-b12-cobalamin-market

Market Definition

Vitamin B12 is an essential water-soluble vitamin. It primarily aids in the health of nerve tissues, brain function, and the production of red blood cells. Vitamin also aids in bone formation, mineralization, and growth. Vitamin B12 deficiency causes balance issues, memory loss, difficulty thinking and reasoning, anaemia, and other symptoms. Meat, eggs, salmon, and other dairy products are common dietary sources. In addition, injectable vitamin B12 formulations such as hydroxocobalamin and cyanocobalamin are available on the market.

Drivers

  • Growing demand from the various end-user industries

Vitamin has been used in various industries, including food and beverages, animal feed, personal care, pharmaceuticals, and nutraceuticals. Vitamin is a carbon-containing nutrient necessary for human and animal bodies. Among them, vitamin B is used in a wide range of food and beverage applications, contributes significantly to disease prevention, and is a major driver of the growth of the vitamin B12 (cobalamin).

  • Growing health awareness as well as high prevalence of vitamin deficiency

Globally, the number of health-conscious people is increasing. Obesity, malnutrition, a weakened immune system, and other health issues are also on the rise. Furthermore, the prevalence of vitamin deficiency is growing as a result of unscheduled mealtimes, hectic lifestyles, and nutritional loss during food processing. As a result of these factors, people are focusing on getting enough vitamin into their bodies to boost their immunity.

Opportunity

Many companies market their products as non-prescription products that can be used in conjunction with over-the-counter medications. This represents a significant opportunity for the non-prescription supplement industry around the world as the vitamin B12 (cobalamin) market expands. Growing consumer preference for natural and clean-label products is the best opportunity to drive natural vitamin demand in end-use industries.

The vitamin B12 (cobalamin) market is segmented on the basis of form, grade, sales channel and end-use vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Vitamin B12 (Cobalamin) Market Regional Analysis/Insights

North America dominates the vitamin B12 (cobalamin) market it has large share of the U.S. market due to increased consumption of vitamin B12 (cobalamin) in powder form. Since powder form has a longer shelf life than liquid form. Germany dominates the European vitamin B12 (cobalamin) market due to the high consumption of vitamin B12 (cobalamin) in the powder form in the daily routine because powdered vitamin B12 (cobalamin) are easier to transport than liquid vitamin B12 (cobalamin). China dominates the Asia-Pacific vitamin B12 (cobalamin) market due to its large population, which is more interested in consuming a high amount of natural vitamin supplements.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Major Points Covered in TOC:

vitamins b12 (cobalamin) Market Overview: It incorporates six sections, research scope, significant makers covered, market fragments by type, vitamins b12 (cobalamin) Market portions by application, study goals, and years considered.

vitamins b12 (cobalamin) Market Landscape: Here, the opposition in the Worldwide vitamins b12 (cobalamin) Market is dissected, by value, income, deals, and piece of the pie by organization, market rate, cutthroat circumstances Landscape, and most recent patterns, consolidation, development, obtaining, and portions of the overall industry of top organizations.

vitamins b12 (cobalamin) Profiles of Manufacturers: Here, driving players of the worldwide vitamins b12 (cobalamin) Market are considered dependent on deals region, key items, net edge, income, cost, and creation.

vitamins b12 (cobalamin) Market Status and Outlook by Region: In this segment, the report examines about net edge, deals, income, creation, portion of the overall industry, CAGR, and market size by locale. Here, the worldwide vitamins b12 (cobalamin) Market is profoundly examined based on areas and nations like North America, Europe, China, India, Japan, and the MEA.

vitamins b12 (cobalamin) Application or End User: This segment of the exploration study shows how extraordinary end-client/application sections add to the worldwide vitamins b12 (cobalamin) Market.

vitamins b12 (cobalamin) Market Forecast: Production Side: In this piece of the report, the creators have zeroed in on creation and creation esteem conjecture, key makers gauge, and creation and creation esteem estimate by type.

Keyword: Research Findings and Conclusion: This is one of the last segments of the report where the discoveries of the investigators and the finish of the exploration study are given.

Some of the major players operating in the vitamin B12 (cobalamin) market are:

  • DSM (Netherlands)
  • BASF SE (Germany)
  • Lonza Group (Switzerland)
  • Glanbia plc (Ireland)
  • ADM (U.S.)
  • Farbest Brands (U.S.)
  • SternVitamin GmbH & Co. KG (Schleswig-Holstein)
  • Adisseo (France)
  • BTSA Biotechnologias Aplicadas S.L. (Spain)
  • Rabar Pty Ltd (Australia)
  • Cargill, Incorporated (U.S.)

By Form (Powder, Liquid, Capsule, Tablets), Grade (Food Grade, Pharmaceutical Grade), Sales Channel (Online Retails, Offline Retails), End-Use Verticals (Food Industry, Nutraceuticals, Pharmaceutical, Dietary Supplements) 

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