Vitamin B12 Market Forecast: USD 444.47 MILLION Valuation by 2030

MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Vitamin B12 Market Research Report: Forecast (2025–2030). This report provides a detailed assessment of the Vitamin B12, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

Market Timeline Overview

• Historical Years: 2020–23
• Base Year: 2024
• Forecast Years: 2025–30

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

Download a FREE PDF Sample of the Report: - https://www.marknteladvisors.com/query/request-sample/global-vitamin-b12-market.html  (Discover the market potential, platform-specific insights, and key industry trends.)

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Vitamin B12 Market Outlook

The Global Vitamin B12 Market ssize was valued at around USD 288 million in 2024 and is projected to reach USD 444.47 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.50% during the forecast period, i.e., 2025-30. 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 for Vitamin B12 is being infused primarily by people seeking to prevent megaloblastic anemia, which brings a feeling of weakness & tiredness.

Vitamin B12 Market Drivers:

Prevalence of Vitamin B12 Deficiency to Drive Market Growth –  One major factor propelling the Global Vitamin B12 Market size is the incidence of vitamin B12 deficiency. Widespread vitamin B12 insufficiency impacts many exceptional demographics, including the elderly, vegetarians, vegans, and those with precise scientific illnesses, which include pernicious anemia and gastrointestinal issues that cause problems with the absorption of nutrients. With elevated knowledge of the bad outcomes of vitamin B12 insufficiency on fitness, which include anemia, exhaustion, and neurological issues, more individuals are looking for fortified ingredients and dietary supplements to deal with and prevent these deficiencies.

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Vitamin B12 Market Trends:

Rise in Veganism & Vegetarianism Changing Market Dynamics – One developing trend that is having a big influence on the vitamin B12 market size is the rise in veganism and vegetarianism. For ethical, environmental, and health-related reasons, more people are switching to plant-based diets, which is driving rising demand for foods and supplements enriched with vitamin B12. Since vitamin B12 is naturally present in animal products, vegetarians and vegans are more likely to be deficient in it. To satisfy their nutritional demands, this has caused a spike in the consumption of B12 supplements and fortified plant-based foods, such as cereals, plant milk, and nutritional yeasts. Market growth is being driven by the increasing number of vegan and vegetarian consumers, especially in developed areas, to which leading companies are responding by offering a greater range of goods enhanced with B12.

Vitamin B12 Market Segmentation

The study categorizes the Vitamin B12 into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

By Cyanocobalamin Type

• Injection–Market Size & Forecast 2020-2030, USD Million
• Oral–Market Size & Forecast 2020-2030, USD Million
• Spray–Market Size & Forecast 2020-2030, USD Million

By Type of Production

• Direct Fermentation–Market Size & Forecast 2020-2030, USD Million
• Indirect Production–Market Size & Forecast 2020-2030, USD Million
• Genetic Engineering–Market Size & Forecast 2020-2030, USD Million

By Product

• 1% Vitamin B12–Market Size & Forecast 2020-2030, USD Million
• 2% Vitamin B12–Market Size & Forecast 2020-2030, USD Million
• 98% Vitamin B12–Market Size & Forecast 2020-2030, USD Million
• Others (96% Vitamin B12, 99% Vitamin B12) –Market Size & Forecast 2020-2030, USD Million

By Application

• Medical Treatment–Market Size & Forecast 2020-2030, USD Million
• Food Additives–Market Size & Forecast 2020-2030, USD Million
• Feed Supplement–Market Size & Forecast 2020-2030, USD Million
• Others (Cosmetics, Pharmaceutical, etc.) –Market Size & Forecast 2020-2030, USD Million

Geographical Analysis

The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:

By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific.

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Leading Companies in Vitamin B12 Market Worldwide: Players, Analysis & Future Outlook

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

Key Highlights of the Report

• Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2025 to 2030.
• Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
• Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
• Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

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Frequently Asked Questions (FAQ)

1. What is the projected growth rate of the Vitamin B12?
   2. What are the major factors driving this market’s growth?
   3. Which regions are expected to lead the Vitamin B12?
   4. Who are the prominent players in the Vitamin B12?
   5. How is the competition structured in this market?
   6. How can I access the full report?

About Us

MarkNtel Advisors is a leading global market intelligence firm specializing in the food and beverages industry, encompassing food supplements & additives, food logistics, and warehousing solutions. We deliver comprehensive research on supply chain efficiency, evolving consumption trends, and regulatory shifts. With our Custom Market Analysis, we offer tailored insights to manufacturers, distributors, and investors, helping them optimize operations, strengthen market positioning, and drive sustainable growth in the global F&B ecosystem.

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