PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608841
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1608841
Vitamin B12 Drops Market, By Type, By Indication, By Age Group, By Distribution Channel, By Geography
Vitamin B12 drops market is estimated to be valued at USD 141.5 Mn in 2024 and is expected to reach USD 239.2 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.8% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | 141.5 Mn |
| Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
| Forecast Period 2024 to 2031 CAGR: | 7.80% | 2031 Value Projection: | 239.2 Mn |
Vitamin B12 plays a key role in red blood cell formation, neurological function, and DNA synthesis. It helps prevent megaloblastic anemia which occurs due to improper cell division. With changing lifestyles and food habits, people are unable to obtain sufficient vitamin B12 through diet alone. Thus, vitamin B12 drops have emerged as a convenient means to meet daily requirements for this essential vitamin through supplementation. Vitamin B12 deficiency can lead to fatigue, weakness, constipation, loss of appetite and weight loss. Vitamin B12 drops provide an easy way to supplement this essential nutrient without the need for injections.
Market Dynamics
Global vitamin B12 drops market growth is driven by growing prevalence of vitamin B12 deficiency worldwide due to various factors such as poor absorption of nutrients in elderly population or lifestyle diseases like gastric bypass. Rising health consciousness and preference for dietary supplements for fulfilling nutritional gaps can also drive the market growth. However, lack of awareness in many developing nations can hamper the market growth. Emerging trend of vegan or plant-based diets that eliminate animal products can boost demand for vitamin B12 fortified products like drops. This presents an opportunity for market players to cater to this consumer segment through innovative product offerings.
Key features of the study
This report provides in-depth analysis of the global vitamin B12 drops market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global vitamin B12 drops market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include AdvaCare Pharma, BioCare Ltd., Vitboost, Triquetra, Carlyle Nutritionals, LLC, Ultra6 Nutrition, Go Nutrients, Klaire Labs, Bluebonnet Nutrition, PipingRock Health Products, LLC.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global vitamin B12 drops market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global vitamin B12 drops market
Market Segmentation
- Type Insights (Revenue, USD Mn, 2019 - 2031)
- Cyanocobalamin
- Methylcobalamin
- Hydroxocobalamin
- Adenosylcobalamin
- Indication Insights (Revenue, USD Mn, 2019 - 2031)
- Vitamin B12 Deficiency
- Megaloblastic Anemia
- Gastrointestinal Disorders
- Others
- Age Group Insights (Revenue, USD Mn, 2019 - 2031)
- Pediatric
- Adults
- Distribution Channel Insights (Revenue, USD Mn, 2019 - 2031)
- Pharmacies & Drug Stores
- Supermarkets & Hypermarkets
- Online Channels
- Others
- Regional Insights (Revenue, USD Mn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- AdvaCare Pharma
- BioCare Ltd.
- Vitboost
- Triquetra
- Carlyle Nutritionals, LLC
- Ultra6 Nutrition
- Go Nutrients
- Klaire Labs
- Bluebonnet Nutrition
- PipingRock Health Products, LLC.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Vitamin B12 Drops Market, By Type
- Vitamin B12 Drops Market, By Indication
- Vitamin B12 Drops Market, By Age Group
- Vitamin B12 Drops Market, By Distribution Channel
- Vitamin B12 Drops Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
- Market Trends
4. Vitamin B12 Drops Market, By Type, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Cyanocobalamin
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Methylcobalamin
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Hydroxocobalamin
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Adenosylcobalamin
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
5. Vitamin B12 Drops Market, By Indication, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Vitamin B12 Deficiency
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Megaloblastic Anemia
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Gastrointestinal Disorders
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
6. Vitamin B12 Drops Market, By Age Group, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Pediatric
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Adults
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
7. Vitamin B12 Drops Market, By Distribution Channel, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Pharmacies & Drug Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Supermarkets & Hypermarkets
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Online Channels
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
8. Vitamin B12 Drops Market, By Region, 2019 - 2031, (USD Mn)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, (USD Mn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, (USD Mn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, By Indication, 2019 - 2031, (USD Mn)
- Market Size and Forecast, By Age Group, 2019 - 2031, (USD Mn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Mn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, By Indication, 2019 - 2031, (USD Mn)
- Market Size and Forecast, By Age Group, 2019 - 2031, (USD Mn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Mn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, By Indication, 2019 - 2031, (USD Mn)
- Market Size and Forecast, By Age Group, 2019 - 2031, (USD Mn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Mn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, By Indication, 2019 - 2031, (USD Mn)
- Market Size and Forecast, By Age Group, 2019 - 2031, (USD Mn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, By Indication, 2019 - 2031, (USD Mn)
- Market Size and Forecast, By Age Group, 2019 - 2031, (USD Mn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, (USD Mn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, By Indication, 2019 - 2031, (USD Mn)
- Market Size and Forecast, By Age Group, 2019 - 2031, (USD Mn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (USD Mn)
- Market Size and Forecast, By Country/Region, 2019 - 2031, (USD Mn)
- South Africa
- North Africa
- Central Africa
9. Competitive Landscape
- AdvaCare Pharma
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- BioCare Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Vitboost
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Triquetra
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Carlyle Nutritionals, LLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Ultra6 Nutrition
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Go Nutrients
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Klaire Labs
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Bluebonnet Nutrition
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- PipingRock Health Products, LLC.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
10. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. References and Research Methodology
- References
- Research Methodology
- About us
