The global demand for Vitamin B12 Ingredient Market is presumed to reach the market size of nearly USD 436.95 Thousand by 2030 from USD 270.25 Thousand in 2022 with a CAGR of 6.19% under the study period 2023 - 2030.
Vitamin B12, also known as cobalamin, is a vital nutrient for the human body. It is important for various bodily functions, including the formation of red blood cells, neurological health, along with the metabolism of fats and carbohydrates.
Increasing health consciousness has elevated awareness of the essential role of Vitamin B12, making it a sought-after ingredient for overall well-being. Diverse dietary patterns, including vegetarian and vegan lifestyles, create a demand for B12 supplements or fortified foods, positioning it as a necessary addition to varied dietary recipes. The prevalence of Vitamin B12 deficiency on a global scale drives the market, with B12 supplements becoming a crucial ingredient in the health and wellness sector. An aging population, functional food trends, the expansion of the nutraceutical industry, and technological advancements in production contribute to the market's momentum. Vitamin B12 is not just a nutrient; it's a key ingredient in the formulation of health-promoting products, symbolizing a fundamental component in the recipe for holistic health. As the quest for preventive healthcare intensifies, the Vitamin B12 ingredient market continues to thrive, offering versatile and convenient solutions to meet diverse nutritional needs.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of vitamin b12 ingredient. The growth and trends of vitamin b12 ingredient industry provide a holistic approach to this study.
This section of the vitamin b12 ingredient market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Form
By Source
By Application
By End-Use
This section covers the regional outlook, which accentuates current and future demand for the Vitamin B12 Ingredient market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Vitamin B12 Ingredient market include Adisseo, DSM Nutritional Products, Lonza Group, Merck KGaA, BASF SE, Gnosis by Lesaffre, Jubilant Life Sciences, NOW Foods, NutraGenesis LLC (part of Ascenta Health), Nutrilo GmbH, Pharmavit GmbH, Rousselot, Spectrum Chemical Manufacturing Corp., Thermo Fisher Scientific, Zhejiang Shengda Bio-Pharm Co. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . VITAMIN B12 INGREDIENT – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Form
3.7.2 Market Attractiveness Analysis By Source
3.7.3 Market Attractiveness Analysis By Application
3.7.4 Market Attractiveness Analysis By End-use
3.7.5 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL VITAMIN B12 INGREDIENT MARKET ANALYSIS BY FORM
5.1 Overview by Form
5.2 Historical and Forecast Data
5.3 Analysis by Form
5.4 Cyanocobalamin Historic and Forecast Sales by Regions
5.5 Methylcobalamins Historic and Forecast Sales by Regions
5.6 Hydroxocobalamin Historic and Forecast Sales by Regions
5.7 Adenosylcobalamin Historic and Forecast Sales by Regions
6 . GLOBAL VITAMIN B12 INGREDIENT MARKET ANALYSIS BY SOURCE
6.1 Overview by Source
6.2 Historical and Forecast Data
6.3 Analysis by Source
6.4 Animal-Based Historic and Forecast Sales by Regions
6.5 Plant-Based His ...