Vitamin B12 Market
Vitamin B12 Market - Global Industry Assessment & Forecast
#
Pages:
370
Base Year:
2023
May - 2024
Format:
Report Code:
VMR-2471
Segments Covered
By
Product Cyanocobalamin, Hydroxocobalamin, Methylcobalamin, Adenosylcobalamin
-
By
Route of Administration Intramuscular Injection, Subcutaneous Injection, Oral, Nasal
-
By
Form Liquid, Tablet, Capsule, Nasal Gel, Others
-
By
Application Dietary Supplements, Pharmaceuticals, Animal Feed, Food and Beverages, Others
-
By
Source Fermentation, Others
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2023 |
| Forecast
Years:
|
2024 - 2032 |
 Historical
Years:
|
2018 - 2022 |
 Revenue
2023: |
USD 493.6 Million |
 Revenue 2032:
|
USD 853.5 Million |
 Revenue CAGR
(2024 - 2032): |
6.3% |
Fastest Growing Region (2024 -
2032)
|
Europe |
Largest Region (2023):
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Vitamin B12 Market Segment Analysis
- Vitamin B12 Product Outlook (Revenue, USD Million, 2018 - 2030)
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
- Vitamin B12 Route of Administration Outlook (Revenue, USD Million, 2018 - 2030)
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
- Vitamin B12 Form Outlook (Revenue, USD Million, 2018 - 2030)
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
- Vitamin B12 Application Outlook (Revenue, USD Million, 2018 - 2030)
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
- Vitamin B12 Source Outlook (Revenue, USD Million, 2018 - 2030)
- Fermentation
- Others
-
Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
- North America
-
North America Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
-
North America Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
-
North America Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
-
North America Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
-
North America Vitamin B12 Market, by Source
- Fermentation
- Others
- U.S.
- U.S. Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
- U.S. Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
- U.S. Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
- U.S. Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
- U.S. Vitamin B12 Market, by Source
- Fermentation
- Others
- U.S. Vitamin B12 Market, by Product
- Canada
- Canada Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
- Canada Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
- Canada Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
- Canada Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
- Canada Vitamin B12 Market, by Source
- Fermentation
- Others
- Canada Vitamin B12 Market, by Product
-
Mexico
- Mexico Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
- Mexico Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
- Mexico Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
- Mexico Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
- Mexico Vitamin B12 Market, by Source
- Fermentation
- Others
- Mexico Vitamin B12 Market, by Product
-
North America Vitamin B12 Market, by Product
- Europe
-
Europe Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
-
Europe Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
-
Europe Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
-
Europe Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
-
Europe Vitamin B12 Market, by Source
- Fermentation
- Others
- U. K.
- U.K. Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
- U.K. Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
- U.K. Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
- U.K. Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
- U.K. Vitamin B12 Market, by Source
- Fermentation
- Others
- U.K. Vitamin B12 Market, by Product
- France
- France Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
- France Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
- France Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
- France Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
- France Vitamin B12 Market, by Source
- Fermentation
- Others
- France Vitamin B12 Market, by Product
-
Germany
- Germany Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
- Germany Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
- Germany Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
- Germany Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
- Germany Vitamin B12 Market, by Source
- Fermentation
- Others
- Germany Vitamin B12 Market, by Product
-
Italy
- Italy Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
- Italy Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
- Italy Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
- Italy Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
- Italy Vitamin B12 Market, by Source
- Fermentation
- Others
- Italy Vitamin B12 Market, by Product
-
Spain
- Spain Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
- Spain Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
- Spain Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
- Spain Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
- Spain Vitamin B12 Market, by Source
- Fermentation
- Others
- Spain Vitamin B12 Market, by Product
-
Rest of Europe
- Rest of Europe Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
- Rest of Europe Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
- Rest of Europe Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
- Rest of Europe Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
- Rest of Europe Vitamin B12 Market, by Source
- Fermentation
- Others
- Rest of Europe Vitamin B12 Market, by Product
-
Europe Vitamin B12 Market, by Product
- Asia Pacific
-
Asia Pacific Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
-
Asia Pacific Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
-
Asia Pacific Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
-
Asia Pacific Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
-
Asia Pacific Vitamin B12 Market, by Source
- Fermentation
- Others
- China
- China Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
- China Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
- China Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
- China Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
- China Vitamin B12 Market, by Source
- Fermentation
- Others
- China Vitamin B12 Market, by Product
- Japan
- Japan Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
- Japan Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
- Japan Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
- Japan Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
- Japan Vitamin B12 Market, by Source
- Fermentation
- Others
- Japan Vitamin B12 Market, by Product
-
Germany
- Germany Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
- Germany Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
- Germany Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
- Germany Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
- Germany Vitamin B12 Market, by Source
- Fermentation
- Others
- Germany Vitamin B12 Market, by Product
-
India
- India Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
- India Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
- India Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
- India Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
- India Vitamin B12 Market, by Source
- Fermentation
- Others
- India Vitamin B12 Market, by Product
-
South Korea
- South Korea Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
- South Korea Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
- South Korea Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
- South Korea Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
- South Korea Vitamin B12 Market, by Source
- Fermentation
- Others
- South Korea Vitamin B12 Market, by Product
-
South East Asia
- South East Asia Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
- South East Asia Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
- South East Asia Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
- South East Asia Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
- South East Asia Vitamin B12 Market, by Source
- Fermentation
- Others
- South East Asia Vitamin B12 Market, by Product
-
Rest of Asia Pacific
- Rest of Asia Pacific Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
- Rest of Asia Pacific Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
- Rest of Asia Pacific Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
- Rest of Asia Pacific Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
- Rest of Asia Pacific Vitamin B12 Market, by Source
- Fermentation
- Others
- Rest of Asia Pacific Vitamin B12 Market, by Product
-
Asia Pacific Vitamin B12 Market, by Product
- Latin America
-
Latin America Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
-
Latin America Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
-
Latin America Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
-
Latin America Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
-
Latin America Vitamin B12 Market, by Source
- Fermentation
- Others
- Brazil
- Brazil Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
- Brazil Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
- Brazil Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
- Brazil Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
- Brazil Vitamin B12 Market, by Source
- Fermentation
- Others
- Brazil Vitamin B12 Market, by Product
- Argentina
- Argentina Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
- Argentina Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
- Argentina Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
- Argentina Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
- Argentina Vitamin B12 Market, by Source
- Fermentation
- Others
- Argentina Vitamin B12 Market, by Product
-
Rest of Latin America
- Rest of Latin America Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
- Rest of Latin America Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
- Rest of Latin America Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
- Rest of Latin America Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
- Rest of Latin America Vitamin B12 Market, by Source
- Fermentation
- Others
- Rest of Latin America Vitamin B12 Market, by Product
-
Latin America Vitamin B12 Market, by Product
- Middle East & Africa
-
Middle East & Africa Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
-
Middle East & Africa Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
-
Middle East & Africa Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
-
Middle East & Africa Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
-
Middle East & Africa Vitamin B12 Market, by Source
- Fermentation
- Others
- GCC Countries
- GCC Countries Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
- GCC Countries Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
- GCC Countries Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
- GCC Countries Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
- GCC Countries Vitamin B12 Market, by Source
- Fermentation
- Others
- GCC Countries Vitamin B12 Market, by Product
- South Africa
- South Africa Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
- South Africa Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
- South Africa Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
- South Africa Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
- South Africa Vitamin B12 Market, by Source
- Fermentation
- Others
- South Africa Vitamin B12 Market, by Product
-
Rest of Middle East & Africa
- Rest of Middle East & Africa Vitamin B12 Market, by Product
- Cyanocobalamin
- Hydroxocobalamin
- Methylcobalamin
- Adenosylcobalamin
- Rest of Middle East & Africa Vitamin B12 Market, by Route of Administration
- Intramuscular Injection
- Subcutaneous Injection
- Oral
- Nasal
- Rest of Middle East & Africa Vitamin B12 Market, by Form
- Liquid
- Tablet
- Capsule
- Nasal Gel
- Others
- Rest of Middle East & Africa Vitamin B12 Market, by Application
- Dietary Supplements
- Pharmaceuticals
- Animal Feed
- Food and Beverages
- Others
- Rest of Middle East & Africa Vitamin B12 Market, by Source
- Fermentation
- Others
- Rest of Middle East & Africa Vitamin B12 Market, by Product
-
Middle East & Africa Vitamin B12 Market, by Product
- North America
FAQ
Frequently Asked Question
What is the global demand for Vitamin B12 in terms of revenue?
-
The global Vitamin B12 valued at USD 493.6 Million in 2023 and is expected to reach USD 853.5 Million in 2032 growing at a CAGR of 6.3%.
Which are the prominent players in the market?
-
The prominent players in the market are Pfizer Inc., BASF, Merck & Co. Inc., DSM, GLANBIA NUTRITIONALS, PHARMAVIT, ADIESSO, SPECTRUM CHEMICAL MFG. CORP., DAIICHI SANKYO COMPANY.
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 6.3% between 2024 and 2032.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Vitamin B12 include
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Vitamin B12 in 2023.
