Global Vitamin B12 (Cobalamin) Market is expected to grow at a significant CAGR in the upcoming years as the scope, product types and its applications are increasing across the globe. Vitamin B12, is also termed as cobalamin, is water-soluble. It helps in conversion of food (Carbohydrates) into fuel (Glucose), which is used to produce energy. These B vitamins, frequently mentioned in as B complex vitamins, also help in proper utilization of fats and protein.
Furthermore, to the nerve cells healthy, Vitamin B12 is particularly important. B complex vitamins are desired for healthy hair, eyes, skin, and liver. Also, it helps in the construction of genetic material such as RNA and DNA in the body. Vitamin B12 (Cobalamin) Market is categorized based on product type, applications, and geography. Vitamin B12 (Cobalamin) Industry is categorized based on product types such as 98% Vitamin B12, 2% Vitamin B12, 1% Vitamin B12. Vitamin B12 (Cobalamin) Market is categorized based on application into Food Industry, Feed Industry, Others
Vitamin B12 (Cobalamin) Market is categorized based on geography into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe).
North America has been at the forefront with regards to Vitamin B12 (Cobalamin) Market and will continue to rule the roost in the years to come. Some of the key players that fuel the growth of the Vitamin B12 (Cobalamin) Market include Sanofi, Ningxia Kingvit Pharmaceutical, Hebei Huarong Pharmaceutical, NCPC VICTOR, Hebei Yufeng Group. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Vitamin B12 (Cobalamin) in these regions, from 2012 to 2022 (forecast), covering
• North America
• Southeast Asia
Global Vitamin B12 (Cobalamin) market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Hebei Yufeng Group
• Ningxia Kingvit Pharmaceutical
• Hebei Huarong Pharmaceutical
• NCPC VICTOR
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• 98% Vitamin B12
• 2% Vitamin B12
• 1% Vitamin B12
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Vitamin B12 (Cobalamin) for each application, including
• Pharmaceutical Industry
• Food Industry
• Feed Industry
Research Support Specialist, USA