Market Trend for Vitamin B12 (Cyanocobalamin)
Over the years, the health and wellness industry has become a dominant lifestyle value among consumers, profoundly changing consumer behavior toward naturally sourced micronutrients. Vitamin B12 (Cyanocobalamin) is gaining popularity in various end-user industries, including cosmetics, dietary supplements, functional food and beverage and others due to its multi-functionality and ongoing clean label trend.
An professional Research analyses that the vitamin B12 (Cyanocobalamin) market was valued at USD 0.293 billion in 2021 and is expected to reach the value of USD 0.51 billion by 2029, at a CAGR(compound annual growth rate) of 7.2% during the forecast period of 2022 to 2029.
Description
Vitamin B12 is an essential water-soluble vitamin. It primarily aids in the health of nerve tissues, brain function, and the production of red blood cells. Vitamin also aids in bone formation, mineralization, and growth. Vitamin B12 deficiency causes balance issues, memory loss, difficulty thinking and reasoning, anaemia, and other symptoms. Meat, eggs, salmon, and other dairy products are common dietary sources. In addition, injectable vitamin B12 formulations such as hydroxocobalamin and cyanocobalamin are available on the market.
Vitamin has been used in various industries, including food and beverages, animal feed, personal care, pharmaceuticals, and nutraceuticals. Vitamin is a carbon-containing nutrient necessary for human and animal bodies. Among them, vitamin B is used in a wide range of food and beverage applications, contributes significantly to disease prevention, and is a major driver of the growth of the vitamin B12 (Cyanocobalamin).
Post time: Sep-26-2023