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Vitamin B12 Ingredient Market Size
- Report ID: GMI6864
- Published Date: Oct 2023
- Report Format: PDF
Vitamin B12 ingredient Market Size
Vitamin B12 Ingredient Market size was valued at USD 269.1 thousand in 2022 and is estimated to expand at a CAGR of 5.8% between 2023 and 2032. Growing awareness of the importance of maintaining overall health and well-being has led to greater interest in vitamins and minerals, including Vitamin B12. Vegan and vegetarian diets exclude animal products, which are primary sources of Vitamin B12. As the popularity of plant-based diets increases, the demand for Vitamin B12 supplements and fortified foods rises.
The food and beverage industry often fortifies products with essential vitamins, including Vitamin B12. Fortified foods and beverages cater to health-conscious consumers looking for functional and nutritious options. Vitamin B12 is used in pharmaceuticals to treat deficiency-related conditions, such as pernicious anaemia.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Vitamin B12 Ingredient Market Size in 2022: | USD 269.1 Thousand |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5.8% |
| 2032 Value Projection: | USD 479 Thousand |
| Historical Data for: | 2018 to 2032 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 253 |
| Segments covered: | Form, Source, Application, End-use, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Securing a consistent and sustainable supply of raw materials for Vitamin B12 production can be challenging. Maintaining consistent product quality and potency is essential in the Vitamin B12 industry. The vitamin B12 ingredient market is subject to strict regulatory standards and labeling requirements.
Frequently Asked Questions (FAQ) :
Vitamin B12 Ingredient Market Scope
