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Vitamin B12 (Cyanocobalamin) Market, Global Outlook and Forecast 2023-2032

The global Vitamin B12 (Cyanocobalamin) market was valued at US$ 428.2 million in 2022 and is projected to reach US$ 575.3 million by 2029, at a CAGR of 4.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.


Vitamin B12 is a nutrient that helps keep the body's nerve and blood cells healthy and helps make DNA, the genetic material in all cells. Vitamin B12 also helps prevent a type of anemia called megaloblastic anemia that makes people tired and weak.



This report aims to provide a comprehensive presentation of the global market for Vitamin B12 (Cyanocobalamin), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vitamin B12 (Cyanocobalamin). This report contains market size and forecasts of Vitamin B12 (Cyanocobalamin) in global, including the following market information:


  • Global Vitamin B12 (Cyanocobalamin) Market Revenue, 2018-2023, 2024-2032, ($ millions)

  • Global Vitamin B12 (Cyanocobalamin) Market Sales, 2018-2023, 2024-2032, (K MT)


Global top five Vitamin B12 (Cyanocobalamin) companies in 2022 (%)

The industry's leading manufacturers are Sanofi-Aventis, Merck and Pfizer, with a combined revenue share of 26.08% in 2019.

We surveyed the Vitamin B12 (Cyanocobalamin) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Vitamin B12 (Cyanocobalamin) Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K MT)

Global Vitamin B12 (Cyanocobalamin) Market Segment Percentages, by Type, 2022 (%)


  • 0.98

  • 0.02

  • 0.01

  • Others

Global Vitamin B12 (Cyanocobalamin) Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K MT)

Global Vitamin B12 (Cyanocobalamin) Market Segment Percentages, by Application, 2022 (%)


  • Pharmaceutical Industry

  • Food Industry

  • Feed Industry

  • Others

Global Vitamin B12 (Cyanocobalamin) Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K MT)

Global Vitamin B12 (Cyanocobalamin) Market Segment Percentages, By Region and Country, 2022 (%)


  • North America (United States, Canada, Mexico)

  • Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)

  • Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

  • The Middle East and Africa (Middle East, Africa)

  • South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis


  • The report also provides analysis of leading market participants including:

  • Key companies Vitamin B12 (Cyanocobalamin) revenues in global market, 2018-2023 (Estimated), ($ millions)

  • Key companies Vitamin B12 (Cyanocobalamin) revenues share in global market, 2022 (%)

  • Key companies Vitamin B12 (Cyanocobalamin) sales in global market, 2018-2023 (Estimated), (K MT)

  • Key companies Vitamin B12 (Cyanocobalamin) sales share in global market, 2022 (%)

Key players include:


  • Sanofi

  • Hebei Yufeng Group

  • Hebei Huarong Pharmaceutical

  • Ningxia Kingvit Pharmaceutical

  • NCPC VICTOR


Outline of Major Chapters:

Chapter 1: Introduces the definition of Vitamin B12 (Cyanocobalamin), market overview.

Chapter 2: Global Vitamin B12 (Cyanocobalamin) market size in revenue and volume.

Chapter 3: Detailed analysis of Vitamin B12 (Cyanocobalamin) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Vitamin B12 (Cyanocobalamin) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Vitamin B12 (Cyanocobalamin) capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.


Table of content

1 Introduction to Research & Analysis Reports 1.1 Vitamin B12 (Cyanocobalamin) Market Definition 1.2 Market Segments 1.2.1 Market by Type 1.2.2 Market by Application 1.3 Global Vitamin B12 (Cyanocobalamin) Market Overview 1.4 Features & Benefits of This Report 1.5 Methodology & Sources of Information 1.5.1 Research Methodology 1.5.2 Research Process 1.5.3 Base Year 1.5.4 Report Assumptions & Caveats 2 Global Vitamin B12 (Cyanocobalamin) Overall Market Size 2.1 Global Vitamin B12 (Cyanocobalamin) Market Size: 2022 VS 2032 2.2 Global Vitamin B12 (Cyanocobalamin) Revenue, Prospects & Forecasts: 2018-2032 2.3 Global Vitamin B12 (Cyanocobalamin) Sales: 2018-2032 3 Company Landscape 3.1 Top Vitamin B12 (Cyanocobalamin) Players in Global Market 3.2 Top Global Vitamin B12 (Cyanocobalamin) Companies Ranked by Revenue 3.3 Global Vitamin B12 (Cyanocobalamin) Revenue by Companies 3.4 Global Vitamin B12 (Cyanocobalamin) Sales by Companies 3.5 Global Vitamin B12 (Cyanocobalamin) Price by Manufacturer (2018-2023) 3.6 Top 3 and Top 5 Vitamin B12 (Cyanocobalamin) Companies in Global Market, by Revenue in 2022 3.7 Global Manufacturers Vitamin B12 (Cyanocobalamin) Product Type 3.8 Tier 1, Tier 2 and Tier 3 Vitamin B12 (Cyanocobalamin) Players in Global Market 3.8.1 List of Global Tier 1 Vitamin B12 (Cyanocobalamin) Companies 3.8.2 List of Glob

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