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Vitamin B12 Ingredient Market Share

Report ID: GMI6864
Published Date: Oct 2023
Report Format: PDF

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Vitamin B12 ingredient Market Share

Some of the major companies operating in the vitamin B12 ingredient market are:

Adisseo
DSM Nutritional Products
Lonza Group
Merck KGaA
BASF SE
Gnosis by Lesaffre
Jubilant Life Sciences
NOW Foods
NutraGenesis LLC (part of Ascenta Health)
Nutrilo GmbH
Pharmavit GmbH
Rousselot
Spectrum Chemical Manufacturing Corp.
Thermo Fisher Scientific
Zhejiang Shengda Bio-Pharm Co., Ltd.

These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of vitamin B12 ingredient surpassed USD 269 thousand in 2022 and is set to reach USD 479 thousand by 2032, supported by the growing awareness of the importance of maintaining overall health and well-being.

Animal-based vitamin B12 ingredient industry segment held around 85% in 2022, as it is naturally found in animal products, making it readily available to fortify meat and dairy products.

U.S. market was worth over USD 80.3 thousand in 2022, owing to the focus among consumers on health and wellness, leading to a higher demand for dietary supplements and fortified foods containing Vitamin B12.

BASF SE, Gnosis by Lesaffre, Jubilant Life Sciences, NOW Foods, NutraGenesis LLC (part of Ascenta Health), Nutrilo GmbH, Pharmavit GmbH, Rousselot, Spectrum Chemical Manufacturing Corp., Thermo Fisher Scientific, Zhejiang Shengda Bio-Pharm Co., Ltd.