Vitamin B12 (cobalamin) market Developments, Revenue, Sales, and Competitive Landscape Analysis
Author : naina sharma | Published On : 22 Mar 2024
Data Bridge Market Research analyses that the vitamin B12 (cobalamin) market was valued at USD 0.293 billion in 2021 and is expected to reach the value of USD 0.51 billion by 2029, at a CAGR of 7.2% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Vitamin B12 is an essential water-soluble vitamin. It primarily aids in the health of nerve tissues, brain function, and the production of red blood cells. Vitamin also aids in bone formation, mineralization, and growth. Vitamin B12 deficiency causes balance issues, memory loss, difficulty thinking and reasoning, anaemia, and other symptoms. Meat, eggs, salmon, and other dairy products are common dietary sources. In addition, injectable vitamin B12 formulations such as hydroxocobalamin and cyanocobalamin are available on the market.
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The Healthcare report stands as the cornerstone for competitor analysis, providing an extensive examination of their core strengths and mapping out a comprehensive competitive landscape within the market. Serving as an invaluable information source, it divulges both current and forthcoming technical and financial intricacies of the industry. Delving deeper, this report dissects market status, share, growth rates, sales volumes, future trends, drivers, restraints, revenue generation, opportunities, challenges, risks, entry barriers, sales channels, and distributor insights—all aligned with the objectives of the marketing research that shaped this Rowing Boats research report.
Moreover, this Rowing Boats report offers a comprehensive overview encompassing product specifications, technology, product types, and production analyses, factoring in critical elements like revenue, cost, gross margin, and profitability. It undertakes an in-depth analysis and estimation of various market factors within the ABC industry, essential for informed decision-making. Conducting a competitive analysis of major market players, this report empowers businesses to make strategic moves that enhance product offerings and bolster sales strategies. Beyond information, Cold Sore Treatment report ignites a sense of motivation among clients, inspiring them to explore new business ventures and evolve for the better in the dynamic market landscape.
Rowing Boats Scope and Market Size
Growing demand from the various end-user industries
Vitamin has been used in various industries, including food and beverages, animal feed, personal care, pharmaceuticals, and nutraceuticals. Vitamin is a carbon-containing nutrient necessary for human and animal bodies. Among them, vitamin B is used in a wide range of food and beverage applications, contributes significantly to disease prevention, and is a major driver of the growth of the vitamin B12 (cobalamin).
Growing health awareness as well as high prevalence of vitamin deficiency
Globally, the number of health-conscious people is increasing. Obesity, malnutrition, a weakened immune system, and other health issues are also on the rise. Furthermore, the prevalence of vitamin deficiency is growing as a result of unscheduled mealtimes, hectic lifestyles, and nutritional loss during food processing. As a result of these factors, people are focusing on getting enough vitamin into their bodies to boost their immunity.
Key Players: Rowing Boats
- DSM (Netherlands)
- BASF SE (Germany)
- Lonza Group (Switzerland)
- Glanbia plc (Ireland)
- ADM (U.S.)
- Farbest Brands (U.S.)
- SternVitamin GmbH & Co. KG (Schleswig-Holstein)
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