Vitamin B12 Ingredient Market Growth, Trends and Forecast 2034
Global Vitamin B12 Ingredient Market Size– By Form, By Source, By Application, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jun-2025 | Report ID: FOOD2584 | Pages: 1 - 250 | Formats*: |
| Category : Food & Beverages | |||
Global Vitamin B12 Ingredient Market Introduction and Overview
According to SPER Market Research, the Global Vitamin B12 Ingredient Market is estimated to reach USD 0.58 million by 2034 with a CAGR of 6.05%.
The report includes an in-depth analysis of the Global Vitamin B12 Ingredient Market, including market size and trends, product mix, Applications, and supplier analysis. The global Vitamin B12 Ingredient market was valued at USD 0.32 million in 2024 and is projected to increase at a compound annual growth rate (CAGR) of 6.05% between 2025 and 2034. The Vitamin B12 ingredient market is expected to witness strong growth, driven by the rising consumer awareness regarding the importance of micronutrients in maintaining overall health and well-being. This growth is further supported by increasing demand for fortified food and beverage products, especially among vegan and vegetarian populations prone to B12 deficiency. The versatility of Vitamin B12 in dietary supplements, functional foods, and pharmaceuticals makes it a vital ingredient across health-focused product segments.
By Form Insights
Based on form, the cyanocobalamin segment leads the market due to its affordability and widespread availability. As the most commonly used form of Vitamin B12, it is favored by supplement manufacturers for its stability and extended shelf life, making it ideal for large-scale production and easy integration into various formulations.
By Source Insights
The animal-based segment remains the largest contributor to the Vitamin B12 market, as this nutrient occurs naturally in foods like meat, dairy, and eggs. These ingredients are frequently used to enrich everyday products such as milk, yogurt, and processed meats, addressing the dietary requirements of a wide consumer demographic. The consistent global demand for animal-based foods supports this segment's ongoing expansion and market leadership. With consumers in many regions regularly including these products in their diets, animal-sourced B12 continues to be the primary option for nutritional enhancement, maintaining its strong position in the industry.
By Application Insights
The pharmaceutical sector is poised to be a major driver of growth in the Vitamin B12 ingredient market in the coming years. As an essential component in medical formulations, Vitamin B12 plays a crucial role in addressing deficiency-related conditions including pernicious anemia, neurological disorders, and chronic fatigue. Rising health consciousness worldwide combined with demographic shifts toward older populations continues to fuel demand for supplemental and therapeutic Vitamin B12 products. The increasing prevalence of health complications associated with Vitamin B12 deficiency is further propelling its pharmaceutical applications. Manufacturers are actively developing more advanced and effective formulations to meet this growing clinical demand.
Regional Insights
The U.S. Vitamin B12 ingredient market holds a leading position, driven by growing consumer focus on health and wellness. This shift in lifestyle has led to a rising preference for dietary supplements and fortified food products enriched with Vitamin B12 across the North American region.
Market Competitive Landscape
Key participants in the Vitamin B12 Ingredient market are actively enhancing their research and development efforts to deliver innovative, sustainable, and clean-label products that align with shifting consumer demands. Some key players are- Adisseo, BASF SE, DSM Nutritional Products, Gnosis by Lesaffre, Jubilant Life Sciences, Lonza, Merck KGaA, NOW Foods, NutraGenesis, Nutrilo.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Form, By Source, By Application, By End-User |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. |
| Companies Covered | Adisseo, BASF SE, DSM Nutritional Products, Gnosis by Lesaffre, Jubilant Life Sciences, Lonza, Merck KGaA, NOW Foods, NutraGenesis. |
Key Topics Covered in the Report
- Global Vitamin B12 Ingredient Market Size (FY’2021-FY’2034)
- Overview of Global Vitamin B12 Ingredient Market
- Segmentation of Global Vitamin B12 Ingredient Market By Form (Cyanocobalamin, Methylcobalamin, Hydroxocobalamin, Adenosylcobalamin)
- Segmentation of Global Vitamin B12 Ingredient Market By Source (Animal-Based, Plant-Based)
- Segmentation of Global Vitamin B12 Ingredient Market By Application (Pharmaceuticals, Dietary Supplements, Medications, Food and Beverages, Fortified Foods, Energy Drinks and Shots, Infant Formula, Cosmetics and Personal Care, Skin Care Products)
- Segmentation of Global Vitamin B12 Ingredient Market By End-User (Human Nutrition, Animal Nutrition)
- Statistical Snap of Global Vitamin B12 Ingredient Market
- Expansion Analysis of Global Vitamin B12 Ingredient Market
- Problems and Obstacles in Global Vitamin B12 Ingredient Market
- Competitive Landscape in the Global Vitamin B12 Ingredient Market
- Details on Current Investment in Global Vitamin B12 Ingredient Market
- Competitive Analysis of Global Vitamin B12 Ingredient Market
- Prominent Players in the Global Vitamin B12 Ingredient Market
- SWOT Analysis of Global Vitamin B12 Ingredient Market
- Global Vitamin B12 Ingredient Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs
2.2.Market size estimation
2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis
5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats
5.2.PESTEL Analysis
5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape
5.3.PORTERs Five Forces
5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry
5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Vitamin B12 Ingredient Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Vitamin B12 Ingredient Market
7.Global Vitamin B12 Ingredient Market, By Form (USD Million) 2021-2034
7.1. Cyanocobalamin7.2. Methylcobalamin7.3. Hydroxocobalamin7.4. Adenosylcobalamin
8.Global Vitamin B12 Ingredient Market, By Source (USD Million) 2021-2034
8.1. Animal-Based8.2. Plant-Based
9.Global Vitamin B12 Ingredient Market, By Application (USD Million) 2021-2034
9.1. Pharmaceuticals9.2. Dietary Supplements9.3. Medications9.4. Food and Beverages9.5. Fortified Foods9.6. Energy Drinks and Shots9.7. Infant Formula9.8. Cosmetics and Personal Care9.9. Skin Care Products9.10.Hair Care Products9.11.Oral Care Products9.12.Animal Feed and Nutrition
10.Global Vitamin B12 Ingredient Market, By Application (USD Million) 2021-2034
10.1.Human Nutrition10.2.Animal Nutrition
11.Global Vitamin B12 Ingredient Market, (USD Million) 2021-2034
11.1.Global Vitamin B12 Ingredient Market Size and Market Share
12.Global Vitamin B12 Ingredient Market, By Region, (USD Million) 2021-2034
12.1.Asia-Pacific
12.1.1.Australia12.1.2.China12.1.3.India12.1.4.Japan12.1.5.South Korea12.1.6.Rest of Asia-Pacific
12.2.Europe
12.2.1.France12.2.2.Germany12.2.3.Italy12.2.4.Spain12.2.5.United Kingdom12.2.6.Rest of Europe
12.3.Middle East and Africa
12.3.1.Kingdom of Saudi Arabia12.3.2.United Arab Emirates12.3.3.Qatar12.3.4.South Africa12.3.5.Egypt12.3.6.Morocco12.3.7.Nigeria12.3.8.Rest of Middle-East and Africa
12.4.North America
12.4.1.Canada12.4.2.Mexico12.4.3.United States
12.5.Latin America
12.5.1.Argentina12.5.2.Brazil12.5.3.Rest of Latin America
13.Company Profile
13.1.Adisseo
13.1.1.Company details13.1.2.Financial outlook13.1.3.Product summary13.1.4.Recent developments
13.2.BASF SE
13.2.1.Company details13.2.2.Financial outlook13.2.3.Product summary13.2.4.Recent developments
13.3.DSM Nutritional Products
13.3.1.Company details13.3.2.Financial outlook13.3.3.Product summary13.3.4.Recent developments
13.4.Gnosis by Lesaffre
13.4.1.Company details13.4.2.Financial outlook13.4.3.Product summary13.4.4.Recent developments
13.5.Gnosis by Lesaffre
13.5.1.Company details13.5.2.Financial outlook13.5.3.Product summary13.5.4.Recent developments
13.6.Jubilant Life Sciences
13.6.1.Company details13.6.2.Financial outlook13.6.3.Product summary13.6.4.Recent developments
13.7.Lonza
13.7.1.Company details13.7.2.Financial outlook13.7.3.Product summary13.7.4.Recent developments
13.8.Merck KGaA
13.8.1.Company details13.8.2.Financial outlook13.8.3.Product summary13.8.4.Recent developments
13.9.NOW Foods
13.9.1.Company details13.9.2.Financial outlook13.9.3.Product summary13.9.4.Recent developments
13.10.NutraGenesis
13.10.1.Company details13.10.2.Financial outlook13.10.3.Product summary13.10.4.Recent developments
13.11.Others
14.Conclusion
15.List of Abbreviations
16.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Vitamin B12 Ingredient Market is projected to reach USD 0.58 million by 2034, growing at a CAGR of of 6.05% during the forecast period.
Vitamin B12 Ingredient Market grew in Market size from 2025. The Market is expected to reach USD 0.58 million by 2034, at a CAGR of 6.05% during the forecast period.
Vitamin B12 Ingredient Market CAGR of 6.05% during the forecast period.
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Vitamin B12 Ingredient Market size is USD 0.58 million from 2025 to 2034.
Vitamin B12 Ingredient Market is covered By Form, By Source, By Application, By End-User
The North America is anticipated to have the highest Market share in the Vitamin B12 Ingredient Market.
Adisseo, BASF SE, DSM Nutritional Products, Gnosis by Lesaffre, Jubilant Life Sciences, Lonza, Merck KGaA, NOW Foods, NutraGenesis.
The report includes an in-depth analysis of the Global Vitamin B12 Ingredient Market, including market size and trends, product mix, Applications, and supplier analysis.
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