The synthesis of DNA and red blood cells both require vitamin B12. Additionally, it is crucial for the health and growth of brain and nerve cells. Severe vitamin B12 deficiency can cause anaemia (low red blood cell count), stomach/intestinal problems, and irreversible nerve damage.
The market for vitamin B12 drops is anticipated to reach US$ 124.1 million in 2022 and grow at a 7.5% CAGR during the forecast period (2023-2030).
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** Note – This report sample includes:
- Scope For 2023
- Brief Introduction to the research report.
- Table of Contents (Scope covered as a part of the study)
- Top players in the market
- Research framework (structure of the report)
- Research methodology adopted by Coherent Market Insights
Key Drivers
Utilizing vitamin B12 drops has a number of advantages, which are anticipated to drive the growth of the global vitamin B12 drops market over the forecast period. Using vitamin B12 drops has several advantages.
The maintenance of healthy nervous tissue requires the vitamin B12 complex.
A greater amount of vitamin is absorbed through the body and is more quickly absorbed when taken as a sublingual liquid (under the tongue).
Vitamin B12 aids in the conversion of carbohydrates to glucose, which produces energy.
The proper functioning of the digestive system is aided by vitamin B12.
Over the forecast period, an increase in anaemia cases is anticipated to fuel the growth of the global vitamin B12 drops market. For instance, the World Health Organization (WHO) reports that 29.9% of women between the ages of 15 and 49 in 2019 had anaemia. Vitamin B12 is used to treat anaemia because it is required to make red blood cells, which carry oxygen throughout your body.
In Wuhan, China, a coronavirus (COVID-19) outbreak was first noted on December 31, 2019. The World Health Organization designated COVID-19 as a pandemic on March 11, 2020. Worldwide, more than 619 million coronavirus (COVID-19) cases and 6.53 million fatalities were reported up until October 3, 2022, according to the World Health Organization’s Coronavirus (COVID-19) Weekly Epidemiological Update.
The financial standing of companies in all industries, including the private healthcare sector, has been impacted by the COVID-19 pandemic and lockdown in numerous nations around the world. The COVID-19 pandemic has had an impact on the entire healthcare supply chain, primarily as a result of the strict lockdown in some areas. The COVID-19 pandemic has had three main effects on the economies of different parts of the world: 1) a direct impact on supply and demand; 2) disruptions in the distribution system; and 3) a financial impact on businesses and financial markets. Transporting and distributing medical supplies is a problem in a number of nations, including Thailand, Indonesia, and Singapore.
Nevertheless, the global market for vitamin B12 is anticipated to grow favourably during the forecast period as a result of the coronavirus (COVID-19) pandemic. For instance, according to a study conducted at the Mexican Institute of Social Security in Michoacán, Mexico, and published in Nutrition Reviews, a medical journal that publishes review articles in the field of nutrition science, Vitamin B12 deficiency can be helpful in treating COVID-19 patients or those who have the condition’s persistent symptoms. Viral infections are significantly influenced by vitamin B12. A healthy diet rich in vitamin B12 sources, especially when supplemented with methylcobalamin and cyanocobalamin, is a promising alternative for COVID-19 adjuvant therapy.
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The growth of the global market for vitamin B12 drops over the forecast period will be hampered by vitamin B12’s potential for side effects if taken in high doses. Headache, nausea and vomiting, diarrhoea, fatigue, and tingling in the hands and feet are all side effects of vitamin B12.
Regional Analysis
The global market for vitamin B12 drops is divided into North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa based on region.
Due to the rising incidence of malnutrition, North America is anticipated to be the most lucrative region in the global market for vitamin B12 drops. For instance, the WHO estimates that 462 million Americans are underweight in June 2021, compared to 1.9 billion adults worldwide who are overweight or obese. Undernourishment (wasting, stunting, and underweight), a lack of vitamins and minerals, being overweight or obese, and the emergence of non-communicable diseases linked to diet are all examples of malnutrition.
Due to the fact that vitamin B12 is effective in treating skin conditions like psoriasis, Europe is predicted to experience significant growth during the forecast period. For instance, the University of Manchester reported in October 2019 that approximately 1.1 million people in the UK are affected by psoriasis annually.
Competitive Landscape
Livewise Naturals, NOW Foods, East India Pharmaceutical Works Limited, Go Nutrients, PipingRock, Bluebonnet Nutrition Corporation, Klaire Labs, BioCare Ltd., Ultra6 Nutrition, Pure Encapsulations, Triquetra, Carlyle Nutritionals, and VITBOOST are significant market participants in the global vitamin b12 drops market.
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The research was compiled based on the synthesis, analysis, and interpretation of data gathered from numerous sources on the parent market. Furthermore, the economic conditions and other economic indicators and determinants have been studied in order to analyse their respective impact on the Vitamin B12 Drops Market, as well as the current impact, in order to generate strategic and informed forecasts regarding the market scenarios. This is mostly due to the developing world’s unmet potential in terms of product pricing and income creation.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Patient Type
- Market Snippet, By Indication
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Porter’s Analysis
- Industry Trends
- Key Highlights
- Epidemiology
- Reimbursement Scenario
- Regulatory Scenario
- Product Launch and Approvals
- Acquisition and Collaboration Scenario
- Market Dynamics
- Global Vitamin B12 Drops Market – Impact of Coronavirus (Covid-19) Pandemic
- COVID-19 Epidemiology
- Impact of COVID-19 on demand and supply of vitamin B12 drops
- Impact of COVID-19 on the overall healthcare sector
- Global Vitamin B12 Drops Market, By Patient Type, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Adult
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Pediatric
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Introduction
- Global Vitamin B12 Drops Market, By Indication, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Nervous System
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Heart Health
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Immune Support
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Introduction
- Global Vitamin B12 Drops Market, By Distribution Channel, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Hospitals Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Retail Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Online Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Million)
- Introduction
- Global Vitamin B12 Drops Market, By Region, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2022 and 2030 (%)
- Y-o-Y Growth Analysis, For Regions, 2017-2030
- Regional Trends
- North America
- Market Size and Forecast, By Patient Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, By Indication, 2017-2030 (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017-2030 (US$ Mn)
- Market Size and Forecast, By Country, 2017-2030 (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Patient Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, By Indication, 2017-2030 (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017-2030 (US$ Mn)
- Market Size and Forecast, By Country, 2017-2030 (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Patient Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, By Indication, 2017-2030 (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017-2030 (US$ Mn)
- Market Size and Forecast, By Country, 2017-2030 (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Patient Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, By Indication, 2017-2030 (US$ Mn)
- Market Size and Forecast, By Distribution Channels, 2017-2030 (US$ Mn)
- Market Size and Forecast, By Country, 2017-2030 (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Market Size and Forecast, By Patient Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, By Indication, 2017-2030 (US$ Mn)
- Market Size and Forecast, By Distribution Channels, 2017-2030 (US$ Mn)
- Market Size and Forecast, By Country, 2017-2030 (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Patient Type, 2017-2030 (US$ Mn)
- Market Size and Forecast, By Indication, 2017-2030 (US$ Mn)
- Market Size and Forecast, By Distribution Channel, , 2017-2030 (US$ Mn)
- Market Size and Forecast, By Country/Region, 2017-2030 (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Introduction
- Competitive Landscape
- Company Profiles
- Livewise Naturals *
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- NOW Foods
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- East India Pharmaceutical Works Limited
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Go Nutrients
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- PipingRock
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Bluebonnet Nutrition Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Klaire Labs
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- BioCare Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Ultra6 Nutrition
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Pure Encapsulations
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Triquetra
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Carlyle Nutritionals
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- VITBOOST
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Livewise Naturals *
- Analyst Views
- Company Profiles
- Section
- Research Methodology
- About us
- Contact
*Key pointers provided are also applicable to other companies covered in the scope of the report.
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