Cyanocobalamin Market Expected to Secure Notable Revenue Share in 2021-2031 – Indian Defense News


The global cyanocobalamin market Where Global Cyanocobalamin (Vitamin B12) Market the size should go from 160.79 billion USD in 2020 at 211.08 billion USD in 2027, growing at a CAGR of 3.9% over the forecast period (2021-2027). Vitamin B12 deficiency among vegan consumers is the major reason for the growth of the cyanocobalamin market. Cyanocobalamin is a form of vitamin B12. Pure vegan products push vegan people towards diseases of anemia, which leads to vitamin B12 deficiency. Patients with anemic diseases are in dire need of vitamin B12. Additionally, this is driving an increase in the Cyanocobalamin market.

Factors affecting the Cyanocobalamin industry during the forecast period:

  • Following a vegan diet, changing lifestyle, habits and regarding health are some of the reasons which have led to the growth of the Cyanocobalamin market.
  • Infections, nerve damage, anemia, fatigue, depression, digestive problems, and memory loss are some of the symptoms that occur due to lack of vitamin B12, which increases the demand for cyanocobalamin supplements.
  • The major challenges for Cyanocobalamin market are better health products with less side effects, product branding, low cost, business expansion, promotional business strategies, etc.
  • The growth chances of this market are comparatively due to the increasing awareness of their health to improve their immunity.

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Impact of COVID-19 on the Cyanocobalamin market:

The crisis of the COVID-19 situation has been a driver for the growth of healthcare products, especially in the vitamins market. Cyanocobalamin has seen tremendous growth amid the crisis, supported by the growing demand for drugs to boost immunity. Therefore, a considerable increase in the global sales of cyanocobalamin is estimated by the end of 2020. After the COVID-19 pandemic, the demand for cyanocobalamin is expected to remain constant during the forecast period.

Report scope

The report presents the outlook for the Cyanocobalamin market research based on form, class, end-users, and distribution channel.

On the basis of form, the Cyanocobalamin market has been split into-

  • Capsule
  • Power
  • Liquid
  • Tablets

On the basis of class, the Cyanocobalamin market has been split into-

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On the basis of end-users, the Cyanocobalamin market has been split into

  • Nutraceuticals
  • Food supplements
  • Food industry
  • Pharmaceutical

On the basis of distribution channel, the Cyanocobalamin market has been split into-

  • In-store retail
  • Online retail

Cyanocobalamin Market: Regional Outlook

The global cyanocobalamin market has been segmented into five regions respectively; North America, Europe, Asia-Pacific, Middle East and Africa and South America. Among these, North America held the largest global cyanocobalamin market share in 2020, followed by Europe and Asia-Pacific. North America is expected to dominate in the coming years and hold the largest share in the production of vitamin B12 products. Second, Asia-Pacific and Europe are expected to register the highest growth share in the coming years. Asia-Pacific and Europe have the highest consumption share of vitamin B12 products. Additionally, these countries are driving the growth of the vitamin B12 (cyanocobalamin) market.

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Leading Competitors in the Global Cyanocobalamin Market include-

Cyanocobalamin market has a presence of few market players across the globe. Leading Cyanocobalamin players operating in the global market include-

  • Bayer Healthcare
  • Organic E
  • Bristol Myers Squibb
  • international endo
  • Huaxin Pharmaceutical
  • Jamieson
  • Luitpold Pharmaceuticals
  • Merck
  • Mylan
  • Pfizer
  • Sanofi-Aventis
  • Teva (Actavis).

The Cyanocobalamin market report provides an in-depth analysis of macroeconomic factors and market attractiveness of each segment. The report will include an in-depth qualitative and quantitative assessment of industry/regional outlook with market player’s presence in the respective segment and region/country. The information concluded in the report includes the entries.

Cyanocobalamin Market Report Covers Comprehensive Analysis on:

  • Market Segmentation and Regional Analysis
  • 10 year market size
  • Price analysis
  • Supply and demand analysis
  • Product life cycle analysis
  • Porter’s Five Forces and Value Chain Analysis
  • Analysis of developed and emerging economies
  • PEST analysis
  • Factor analysis of the market and forecasts
  • Opportunities, risks and market trends
  • Conclusion and recommendation
  • Regulatory landscape
  • Patent analysis
  • Competition landscape
  • 15+ Company Profile

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