Data Bridge Market Research analyses that the global 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 comprehensive Global Vitamin B12 (Cobalamin) Market report studies wide-ranging evaluation of the market growth predictions and restrictions. The strategies range from new product launches, expansions, agreements, joint ventures, partnerships, to acquisitions. This industry report comprises of a deep knowledge and information on what the market’s definition, classifications, applications, and engagements and also explains the drivers and restraints of the market which is derived from SWOT analysis. Global market analysis report serves a lot for the business and bestows with solution for the toughest business questions. While producing Global Vitamin B12 (Cobalamin) Market report, research and analysis has been carried out with one step or the combination of several steps depending upon the business and client necessities.
Global Vitamin B12 (Cobalamin) Market survey report includes CAGR value fluctuations with respect to rise or fall for the certain forecast time. The data collected to produce this business report is based on the data collection modules with large sample sizes. The vital highlights of this market report are key market dynamics, current market scenario and future prospects of the sector. What is more, rising product trends, major drivers, challenges and opportunities in the market are recognized and analysed factually while generating this report. With the use of well established tools and techniques in Global Vitamin B12 (Cobalamin) Market report, complex market insights are turned into simpler version.
Global Vitamin B12 (Cobalamin) Market Scope and Market Size
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.
Form
· Powder
· Liquid
· Capsule
· Tablets
Grade
· Food Grade
· Pharmaceutical Grade
Sales channel
· Online Retails
· Offline Retails
End user vertical
· Food Industry
· Nutraceuticals
· Pharmaceutical
· Dietary Supplements
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Market Analysis and Insights: Global Vitamin B12 (Cobalamin) Market
· 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.
· Over the years, the health and wellness industry has become a dominant lifestyle value among consumers, profoundly changing consumer behavior toward naturally sourced micronutrients. Vitamin B12 (cobalamin) is gaining popularity in various end-user industries, including cosmetics, dietary supplements, functional food and beverage and others due to its multi-functionality and ongoing clean label trend.
· 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.
Global Vitamin B12 (Cobalamin) Market Country Level Analysis
· The countries covered in the vitamin B12 (cobalamin) market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
· 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.
Global Vitamin B12 (Cobalamin) Market Share Analysis
The vitamin B12 (cobalamin) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to vitamin B12 (cobalamin) market.
Key player Global Vitamin B12 (Cobalamin) Market
· 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.)
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MAJOR TOC OF THE REPORT
· Chapter One: Introduction
· Chapter Two: Market Segmentation
· Chapter Three: Market Overview
· Chapter Four: Executive Summary
· Chapter Five: Premium Insights
· Chapter Six: Global Vitamin B12 (Cobalamin) Market Share by Product & Procedure type
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The Global Vitamin B12 (Cobalamin) Market is projected to reach USD 409.7 Million by 2027.
A deficiency in the key vitamin can cause severe symptoms, including nerve damage, fatigue, neurological problems, and digestive issues, like depression and memory loss.
Therefore, many people turn to vitamin B12 (Cobalamin) supplements to help meet their needs and prevent a deficiency.Vitamin B12 supplement, methylcobalamin, B12 supplement for vegans, vitamin B12 foods for vegetarians, vitamin B12 naturally, vitamin B12 deficiency, vitamin B12 benefits, methylcobalamin B12, adenosylcobalamin, vitamin B12 foods, vitamin B12 overdose, methylcobalamin dosage for neuropathy, and hydroxocobalamin to name a few are the hugely demanding topics and factors the end-users are concerned about and have been influencing the market growth in many ways, have been additionally discussed in details in the report.
Leading and growing players in the market that have been investing an extensive amount in the research & development in such corresponding factors have observed enormous growth in their business.Rapid urbanization and a rise in disposable income coupled with an increase in awareness regarding health issues are the factors driving the market growth during the forecast period.
Favorable outlook towards medical nutrition will also drive the demand for the cobalamin.Top Companies Profiled in the Report Include:Apotheca Inc., Merck KGaA, Charkit Chemical Company LLC, Johnlee Pharmaceuticals Pvt.
Ltd., American Regent, Inc., Koninklijke DSM N.V., Chemkart, Bristol-Myers Squibb, Sanofi-Aventis, and Pfizer, among others, among others..Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3438Market Overview:The pharma and healthcare industry has undergone a revolutionary change owing to the COVID-19 pandemic with individuals increasing their focus on health and wellness.
The report gives a reflection of the current Vitamin B12 (Cobalamin) Market developments and the estimated future of the industry.
Aside from this, the report also represents the market performance by providing a value chain analysis that would help to provide better product differentiation along with the analysis of each classification regarding opportunity, market attractiveness index and growth rate.
According to this study, over the next five years the Vitamin B12 (Cobalamin) market will register a CAGR in terms of revenue, the global market size will reach US$ million by 2024, from US$ million in 2019.
In particular, this report presents the global market share (sales and revenue) of key companies in Vitamin B12 (Cobalamin) business, shared in Chapter 3.
Browse the complete Vitamin B12 (Cobalamin) market Report and TOC @ https://www.decisiondatabases.com/ip/17100-vitamin-b12-cobalamin-market-analysis-report The key manufacturers covered in this report: Yufeng IndustryHuarong PharmaceuticalNCPC VictorKingvitSanofi Segmentation by product type: Direct fermentationIndirect productionGenetic engineering Segmentation by application: Feed supplementMedical treatmentFood additivesOthers This report also splits the market by region: AmericasUnited StatesCanadaMexicoBrazilAPACChinaJapan…….
Download Free Sample Report of Global Vitamin B12 (Cobalamin) Market Report @ https://www.decisiondatabases.com/contact/download-sample-17100 Research objectives To study and analyze the global Vitamin B12 (Cobalamin) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.To understand the structure of Vitamin B12 (Cobalamin) market by identifying its various subsegments.Focuses on the key global Vitamin B12 (Cobalamin) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Vitamin B12 (Cobalamin) with respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).To project the consumption of Vitamin B12 (Cobalamin) submarkets, with respect to key regions (along with their respective key countries).To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.
