New Jersey, USA -- (SBWIRE) -- 10/11/2022 -- The latest study released on the Global Vitamin B12 Market by AMA Research evaluates market size, trend, and forecast to 2027. The Vitamin B12 market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in This Report Include:
Apotheca Inc. (United States), Merck KGaA. (Germany), Charkit Chemical Company LLC. (United States), Johnlee Pharmaceuticals Pvt. Ltd. (India), American Regent, Inc. (United States), Koninklijke DSM N.V. (Netherlands), Chemkart India Pvt. Ltd. (India), Bristol-Myers Squibb (United States), Sanofi-Aventis (France) and Pfizer (United States)
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Definition:
Vitamin B12 complex is a nutrient that the body requires in small amounts to function and stay healthy. Vitamin B12 aids in the formation of red blood cells, DNA, RNA, energy, and tissues, as well as the health of nerve cells. It can be found in foods such as liver, meat, eggs, poultry, shellfish, milk, and milk products. Vitamin B12 is water-soluble (it dissolves in water) and must be consumed on a daily basis. Anemia (a condition in which the number of red blood cells is lower than normal) and neurologic disorders can be caused by a lack of vitamin B12. It is being studied in conjunction with folate in the prevention and treatment of certain types of cancer. Cobalamin and cyanocobalamin are other names for the same vitamin.
Key Developments in the Market:
On 18th August 2021, Telix Pharmaceuticals, a radiopharmaceutical company based in Australia, has announced a collaboration with Merck KGaA, Darmstadt, Germany, to conduct clinical combination studies for cancer treatment. The studies will combine one of Merck's proprietary investigational DNA damage response inhibitor (DDRi) molecules with each of Telix's molecularly targeted radiation (MTR) therapeutic programs—TLX591 (177Lu-rosopatamab) and TLX250 (177Lu-girentuximab).
On 13th April 2021, Life Extension has launched B12 Elite, which delivers two absorbable forms of vitamin B12, in Fort Lauderdale, FL, to support overall brain health at the cellular level. This formula is especially beneficial for vegetarians, as this vitamin is primarily obtained from animal sources in your diet, as well as the elderly, whose vitamin B levels naturally decline with age. Vitamin B12 deficiency in old age can have an impact on cognitive and overall health.
Growth Drivers
Increasing Incidence of Vitamin Deficiency
Influencing Trends
Growing Demand for Geriatric Population
Restraints
Supply chain crisis in the global market
Stringent Regulatory Factors
Gaps & Opportunities
Growing Research and Development Activities
The Global Vitamin B12 Market segments and Market Data Break Down are illuminated below:
by Application (Food Industry, Nutraceuticals, Pharmaceutical, Dietary Supplements, Others), Form (Syrups, Injection, Tablets, Powder, Nasal Spray, Others), Distribution Channel (Online, Offline), Sales Channel (Online Channels, Offline Channels), Source (Natural, Synthetic)
Global Vitamin B12 market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to help the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
- -To carefully analyze and forecast the size of the Vitamin B12 market by value and volume.
- -To estimate the market shares of major segments of the Vitamin B12
- -To showcase the development of the Vitamin B12 market in different parts of the world.
- -To analyze and study micro-markets in terms of their contributions to the Vitamin B12 market, their prospects, and individual growth trends.
- -To offer precise and useful details about factors affecting the growth of the Vitamin B12
- -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Vitamin B12 market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Major highlights from Table of Contents:
Vitamin B12 Market Study Coverage:
- It includes major manufacturers, emerging player's growth story, and major business segments of Vitamin B12 market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Vitamin B12 Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Vitamin B12 Market Production by Region Vitamin B12 Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
- Key Points Covered in Vitamin B12 Market Report:
- Vitamin B12 Overview, Definition and Classification Market drivers and barriers
- Vitamin B12 Market Competition by Manufacturers
- Impact Analysis of COVID-19 on Vitamin B12 Market
- Vitamin B12 Capacity, Production, Revenue (Value) by Region (2021-2027)
- Vitamin B12 Supply (Production), Consumption, Export, Import by Region (2021-2027)
- Vitamin B12 Production, Revenue (Value), Price Trend by Type {Payment Gateway, Merchant Account, Subscription Management,}
- Vitamin B12 Manufacturers Profiles/Analysis Vitamin B12 Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Key questions answered
- How feasible is Vitamin B12 market for long-term investment?
- What are influencing factors driving the demand for Vitamin B12 near future?
- What is the impact analysis of various factors in the Global Vitamin B12 market growth?
- What are the recent trends in the regional market and how successful they are?
- Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
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