Vitamin B12 Market to Grow with a CAGR of 2.58% through 2030

Surge in research and development activities is expected to drive the Global Vitamin B12 Market growth in the forecast period, 2026-2030.

According to TechSci Research report, “Vitamin B12 Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the Global Vitamin B12 Market stood at USD 165.09 Million in 2024 and is anticipated to grow with a CAGR of 2.58% through 2030. Initiatives taken by government based on vitamin B12 has led to favorable market conditions for the Global Vitamin B12 Market. Several factors contribute to the growth of various vitamin B12 products.

Advancements in biotechnology and microbial fermentation processes have enabled more efficient and sustainable production methods, allowing for higher yields and purer forms of Vitamin B12. These innovations are also facilitating the development of bioactive variants such as methylcobalamin and adenosylcobalamin, which offer superior absorption and efficacy compared to traditional cyanocobalamin. Enhanced bioavailability is particularly important in targeting specific populations, including the elderly, vegetarians, and patients with absorption disorders.

One of the primary measures includes the fortification of staple foods, such as cereals, milk, and nutritional beverages, with Vitamin B12. This approach is especially prevalent in countries with high rates of dietary deficiency, including India, Mexico, and various nations in Africa. Mandatory or voluntary food fortification programs help ensure broader access to Vitamin B12, effectively reducing the prevalence of deficiency and stimulating market demand. In addition, governments are actively supporting public health campaigns aimed at raising awareness about Vitamin B12 deficiency, particularly among high-risk groups like vegetarians, pregnant women, and the elderly.

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The Global Vitamin B12 Market is segmented into sales channel, end use, regional distribution, and company.

Based on Sales Channel, Indirect have emerged as the dominating segment in the Global Vitamin B12 Market in 2024. Fortification of commonly consumed products such as dairy, cereals, plant-based milk alternatives, and meat substitutes has become a mainstream strategy for manufacturers aiming to enhance nutritional value and comply with regulatory standards. These fortified foods provide an accessible and convenient source of Vitamin B12 for consumers who may not regularly take supplements, thereby expanding the vitamin’s reach and reinforcing the segment’s market dominance.

Based on Region, Europe have emerged as the fastest growing region in the Global Vitamin B12 Market in 2024. European regulatory bodies, including the European Food Safety Authority (EFSA), have implemented clear and stringent guidelines for Vitamin B12 use in food fortification, supplements, and personal care products. This regulatory clarity fosters a secure environment for manufacturers to innovate and market Vitamin B12-enriched products confidently. European consumers are increasingly health-conscious, with a growing understanding of the importance of Vitamin B12 in preventing deficiencies, especially among vulnerable groups such as the elderly, vegetarians, and pregnant women.

Major companies operating in Global Vitamin B12 Market are:

• Hebei Yuxing Bio-Engineering Co., Ltd.
• Hebei Huarong Pharmaceutical Co., Ltd
• North China Pharmaceutical Group Corp. (NCPC)
• Ningxia Kingvit Pharmaceutical CO.,LTD
• Euroapi
• DSM

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“The application of nanotechnology facilitates the development of advanced delivery systems, such as nano-encapsulation and liposomal carriers, which protect Vitamin B12 molecules from degradation in the digestive tract and enable more efficient absorption into the bloodstream. This results in improved therapeutic outcomes, particularly for individuals with malabsorption issues or increased nutritional needs. From a market perspective, the integration of nanotechnology aligns with growing consumer demand for high-performance, scientifically advanced supplements that offer superior effectiveness”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Vitamin B12 Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Sales Channel (Direct, Indirect), By End Use (Pharmaceutical, Animal Feed, Food & Beverages, Healthcare, Personal Care, Others), By Region and Competition, 2020-2030F”, has evaluated the future growth potential of Global Vitamin B12 Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Vitamin B12 Market.

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