Global Vitamin B12 (Cobalamin) Market Growth 2023-2029

Global Vitamin B12 (Cobalamin) Market Growth 2023-2029

Vitamin B12 is a nutrient that helps keep the body's nerve and blood cells healthy and helps make DNA, the genetic material in all cells. Vitamin B12 also helps prevent a type of anemia called megaloblastic anemia that makes people tired and weak.

LPI (LP Information)' newest research report, the “Vitamin B12 (Cobalamin) Industry Forecast” looks at past sales and reviews total world Vitamin B12 (Cobalamin) sales in 2022, providing a comprehensive analysis by region and market sector of projected Vitamin B12 (Cobalamin) sales for 2023 through 2029. With Vitamin B12 (Cobalamin) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vitamin B12 (Cobalamin) industry.

This Insight Report provides a comprehensive analysis of the global Vitamin B12 (Cobalamin) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Vitamin B12 (Cobalamin) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Vitamin B12 (Cobalamin) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vitamin B12 (Cobalamin) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vitamin B12 (Cobalamin).

The global Vitamin B12 (Cobalamin) market size is projected to grow from US$ 407.1 million in 2022 to US$ 501 million in 2029; it is expected to grow at a CAGR of 501 from 2023 to 2029.

The industry's leading manufacturers are Sanofi-Aventis, Merck and Pfizer, with a combined revenue share of 26.08% in 2019.

This report presents a comprehensive overview, market shares, and growth opportunities of Vitamin B12 (Cobalamin) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Direct Fermentation
Indirect Production
Genetic Engineering

Segmentation by application
Feed Supplement
Medical Treatment
Food Additives
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Yufeng Industry
Huarong Pharmaceutical
NCPC Victor
Kingvit
Sanofi

Key Questions Addressed in this Report

What is the 10-year outlook for the global Vitamin B12 (Cobalamin) market?

What factors are driving Vitamin B12 (Cobalamin) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Vitamin B12 (Cobalamin) market opportunities vary by end market size?

How does Vitamin B12 (Cobalamin) break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.