Vitamin B12 (Cobalamin) Market: By Form (Powder, Liquid, Capsule, Tablets), By Grade (Food Grade,Pharmaceutical Grade), By Distribution Channel (Online Retails, Offline Retails), By End-Use (Food Industry, Nutraceuticals, Pharmaceutical, Dietary Supplements), and Geography

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Vitamin B12 (Cobalamin) Market is estimated to be valued at USD 311.7 million in 2023 and is poised to grow at a significant CAGR of 8.2% over 2024-2030. Vitamin B12 supplement, B12 supplement for vegans, 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 highly demanded topics and factors that have influenced market growth in a variety of ways. Leading and emerging market companies investing heavily in research and development in such corresponding factors have seen tremendous business growth. The demand for cyanocobalamin is increasing in the global cyanocobalamin market, particularly among vegans and patients with anemia.

In the food and beverage, nutraceutical, and dietary supplement industries, cyanocobalamin demand is expanding at a rapid rate. In addition, the pharmaceutical industry is seeing an increase in demand for cyanocobalamin. Veganism is gaining popularity among the general public, and many businesses now provide certified vegan food products in their product lines. Food manufacturers have a lot of options to add cyanocobalamin to their goods to meet the demand for B12 among the vegan population, because fortified foods are becoming increasingly popular. In 2017, France and Germany had the greatest percentage of polled individuals aged 16 to 24. Growing environmental concerns, as well as greenhouse gas emissions, are predicted to drive market demand.

 Vitamin B12 Cobalamin Market Recent evelopments:
  • In July 2019, USFDA granted supplemental drug approval for Calomist, (Cyanocobalamin Nasal Spray) manufactured by Par Pharmaceutical New York

Vitamin B12 Cobalamin Market Summary

Study Period

2024-30

Base Year

2023

CAGR

8.2%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Vitamin B12 (Cobalamin) Market Dynamics

The increased incidence of hospital-acquired infection is a significant driver of the sterile disposables medical instruments market. Catheter-associated urinary tract infections, central line-associated bloodstream infections, surgical site infections, ventilator-associated pneumonia, hospital-acquired pneumonia, and Clostridium difficile infections are all illnesses that occur while receiving medical care in a hospital. As a result, demand for sterile disposable medical devices such as prefilled syringes, hypodermic needles, and others is increasing, boosting medical device market research. Hospital-acquired viral, bacterial, and fungal diseases impact 14% of all hospital patients, according to the World Health Organization (WHO). As a result, the sterile disposable medical instruments Market is expected to grow faster in the forecast period. However, rising environmental concerns are hampering the market.

Vitamin B12 Cobalamin Market Segmentation

By Form
  • Powder
  • Liquid
  • Capsule
  • Tablets
By Distribution Channel
  • Online Retails
  • Offline Retails
By Application
  • Food Industry
  • Nutraceuticals
  • Pharmaceutical
  • Dietary Supplements
By Grade
  • FoodGrade,
  • Pharmaceutical Grade

Frequently Asked Questions

The vitamin b12 (cobalamin) market is projected to expand at a CAGR of 8.2% during the forecast period

Charkit Chemical Company LLC, Apotheca Inc., Mylan N.V., Koninklijke DSM N.V., Chemkart, Merck KGaA, American Regent, Inc.

europe is the fastest-growing region for vitamin b12 (cobalamin) market

Key Features of the Reports

  • The vitamin b12 cobalamin market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
1.Executive Summary
2.Global Vitamin B12 Cobalamin Market Introduction 
2.1.Global Vitamin B12 Cobalamin Market  - Taxonomy
2.2.Global Vitamin B12 Cobalamin Market  - Definitions
2.2.1.Form
2.2.2.Distribution Channel
2.2.3.Application 
2.2.4.Grade
2.2.5.Region
3.Global Vitamin B12 Cobalamin Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Vitamin B12 Cobalamin Market Analysis, 2019 -2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Vitamin B12 Cobalamin Market  By Form, 2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Powder
5.1.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Liquid
5.2.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Capsule
5.3.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Tablets
5.4.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
6.Global Vitamin B12 Cobalamin Market  By Distribution Channel, 2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Online Retails
6.1.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Offline Retails
6.2.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
7.Global Vitamin B12 Cobalamin Market  By Application , 2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Food Industry
7.1.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Nutraceuticals
7.2.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Pharmaceutical
7.3.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Dietary Supplements
7.4.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
8.Global Vitamin B12 Cobalamin Market  By Grade, 2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. FoodGrade,
8.1.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Pharmaceutical Grade
8.2.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
9.Global Vitamin B12 Cobalamin Market  By Region, 2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. North America
9.1.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.1.3. Market Opportunity Analysis 
9.2. Europe
9.2.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.2.3. Market Opportunity Analysis 
9.3. Asia Pacific (APAC)
9.3.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.3.3. Market Opportunity Analysis 
9.4. Middle East and Africa (MEA)
9.4.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.4.3. Market Opportunity Analysis 
9.5. Latin America
9.5.1. Market Analysis, 2019 -2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.5.3. Market Opportunity Analysis 
10.North America Vitamin B12 Cobalamin Market ,2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Form Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Powder
10.1.2.Liquid
10.1.3.Capsule
10.1.4.Tablets
10.2.  Distribution Channel Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Online Retails
10.2.2.Offline Retails
10.3.  Application  Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Food Industry
10.3.2.Nutraceuticals
10.3.3.Pharmaceutical
10.3.4.Dietary Supplements
10.4.  Grade Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.FoodGrade,
10.4.2.Pharmaceutical Grade
10.5.  Country Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1.United States of America (USA)
10.5.2.Canada
11.Europe Vitamin B12 Cobalamin Market ,2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Form Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Powder
11.1.2.Liquid
11.1.3.Capsule
11.1.4.Tablets
11.2.  Distribution Channel Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Online Retails
11.2.2.Offline Retails
11.3.  Application  Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Food Industry
11.3.2.Nutraceuticals
11.3.3.Pharmaceutical
11.3.4.Dietary Supplements
11.4.  Grade Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.FoodGrade,
11.4.2.Pharmaceutical Grade
11.5.  Country Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.Germany
11.5.2.France
11.5.3.Italy
11.5.4.United Kingdom (UK)
11.5.5.Spain
12.Asia Pacific (APAC) Vitamin B12 Cobalamin Market ,2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Form Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Powder
12.1.2.Liquid
12.1.3.Capsule
12.1.4.Tablets
12.2.  Distribution Channel Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Online Retails
12.2.2.Offline Retails
12.3.  Application  Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Food Industry
12.3.2.Nutraceuticals
12.3.3.Pharmaceutical
12.3.4.Dietary Supplements
12.4.  Grade Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.FoodGrade,
12.4.2.Pharmaceutical Grade
12.5.  Country Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.China
12.5.2.India
12.5.3.Australia and New Zealand (ANZ)
12.5.4.Japan
12.5.5.Rest of APAC
13.Middle East and Africa (MEA) Vitamin B12 Cobalamin Market ,2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Form Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Powder
13.1.2.Liquid
13.1.3.Capsule
13.1.4.Tablets
13.2.  Distribution Channel Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Online Retails
13.2.2.Offline Retails
13.3.  Application  Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Food Industry
13.3.2.Nutraceuticals
13.3.3.Pharmaceutical
13.3.4.Dietary Supplements
13.4.  Grade Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.FoodGrade,
13.4.2.Pharmaceutical Grade
13.5.  Country Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.5.1.GCC Countries
13.5.2.South Africa
13.5.3.Rest of MEA
14.Latin America Vitamin B12 Cobalamin Market ,2019 -2023 and Forecast 2024 - 2030 (Sales Value USD Million)
14.1. Form Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.1.1.Powder
14.1.2.Liquid
14.1.3.Capsule
14.1.4.Tablets
14.2.  Distribution Channel Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.2.1.Online Retails
14.2.2.Offline Retails
14.3.  Application  Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.3.1.Food Industry
14.3.2.Nutraceuticals
14.3.3.Pharmaceutical
14.3.4.Dietary Supplements
14.4.  Grade Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.4.1.FoodGrade,
14.4.2.Pharmaceutical Grade
14.5.  Country Analysis 2019 -2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.5.1.Brazil
14.5.2.Mexico
14.5.3.Rest of LA
15. Competition Landscape
15.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
15.2.1.Charkit Chemical Company LLC
15.2.2.Apotheca Inc.
15.2.3.Mylan N.V.
15.2.4.Koninklijke DSM N.V.
15.2.5.Chemkart
15.2.6.Merck KGaA
15.2.7.American Regent, Inc.
15.2.8.Johnlee Pharmaceuticals Pvt. Ltd.
15.2.9.Interaction Pharmaceuticals Private Limited
16. Research Methodology 
17. Appendix and Abbreviations 
  • Charkit Chemical Company LLC
  • Apotheca Inc.
  • Mylan N.V.
  • Koninklijke DSM N.V.
  • Chemkart
  • Merck KGaA
  • American Regent, Inc.
  • Johnlee Pharmaceuticals Pvt. Ltd.
  • Interaction Pharmaceuticals Private Limited

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