Vitamin B12 Market Share & Forecast 2024–2030: Insights & Drivers

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Jul 15, 2025 - 15:52

Vitamin B12 Market Share & Forecast 2024–2030: Insights & Drivers

Introduction

The Vitamin B12 Market is undergoing rapid changes due to evolving technologies, consumer behaviors, and regulatory frameworks. This research report explores essential insights, market trends, and forecasts between 2024 and 2030, offering valuable context for businesses, investors, and decision-makers. It is designed to provide a clear understanding of where the market stands and where it's heading, with the added benefit of downloadable resources and analyst support.

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What This Report Covers

Current Market Size & Forecast (20242030)
Key Growth Drivers & Challenges
Latest Trends & Investment Hotspots
Market Segmentation:
Competitive Landscape & Player Analysis
Opportunities, Risks, and Strategic Recommendations

Current Market Status and Future Projections

Vitamin B12 Marketsize is valued at aroundUSD 288 million in 2024and is projected to register a significant CAGR of around9.19%during the forecast period, i.e., 2024-30.

Key Factors Influencing Growth

The market is projected to be driven mainly by the growing awareness among people of the benefits of over-the-counter vitamins like B12 (Cobalamin), which keep the blood & nerve cells of the body healthy and help make DNA. In addition, the growing number of people with this deficiency is also expected to boost the market size & volume in the coming years. The demand forVitamin B12is being infused primarily by people seeking to prevent megaloblastic anemia, which brings a feeling of weakness & tiredness.

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Breakdown by Segments and Geography

By Cyanocobalamin Type

Injection
Oral
Spray

By capturing the potential share, the injection type is anticipated to contribute notably to the Global Vitamin B12 Market growth & expansion during 2024-30.

By Type of Production

Direct Fermentation
Indirect Production
Genetic Engineering

By Product

1% Vitamin B12
2% Vitamin B12
98% Vitamin B12
Others (96% Vitamin B12, 99% Vitamin B12)

By Application

Medical Treatment
Food Additives
Feed Supplement
Others (Cosmetics, Pharmaceutical, etc.)

Here, the medical treatment segment is anticipated to dominate the market through 2030.

By Region

Americas
Asia-Pacific
Middle East & Africa
Europe.

Asia-Pacific is anticipated to dominate the market with the largest share during 2024-30.

Competitive Landscape and Market Positioning

The Vitamin B12 Market is highly competitive, with both established companies and new entrants contributing to its dynamism. Leading players such as:

Hebei Yufeng Group
Hebei Huarong Pharmaceutical
BASF Nutrition
Sanofi
NCPC VICTOR
Chempure
Hebei Yuxing Bio-Engineering Co. Ltd
Ningxia Kingvit Pharmaceutical.

are focusing on expanding their product portfolios, enhancing user experiences, and investing in R&D. Recent developments include mergers, acquisitions, strategic partnerships, and geographic expansion. These activities highlight the evolving strategies being adopted to gain market share and respond to shifting consumer needs.

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Strategic Outlook and Analyst Perspective

Looking ahead, the Vitamin B12 Market is poised for significant transformation. Emerging trends like AI integration, eco-friendly product development, and digitalization are expected to reshape industry dynamics. Analysts recommend that stakeholders keep a close eye on regional shifts, policy developments, and evolving customer preferences. Businesses that remain agile, adopt technology early, and prioritize customer-centric innovation will likely emerge as leaders in this evolving landscape.

Research Methodology We Use

Primary research via expert interviews and surveys
Secondary data from verified industry sources
Top-down & bottom-up estimation
Forecasting using time-series models & triangulation

Key Questions Answered

What is the current market size of Vitamin B12 Market?
What is the expected growth rate by 2030?
Which segments are gaining the most traction?
What are the major trends and challenges?
Who are the major players, and what are their strategies?
Which region holds the highest growth potential?

Other Report:

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We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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