Every living organism in nature requires vitamins in minute quantities to maintain a normal metabolic activity. Vitamins are organic compounds that cannot be synthesized by the organism and need to be obtained through external sources. Thus vitamin is described as a generic descriptor for a group of chemical compounds or ingredients that have similar molecular structure and also possess the capability to perform the required vitamin-activity in any living organism. The chemical compounds or vitamin ingredients are known as vitamers. Vitamins are of thirteen known different types with each type having multiple vitamers. Out of which vitamin B-complex is categorized under a group of water-soluble vitamers that although co-exist together but are distinct in chemical structure and functions. The existing types of vitamin B are Vitamin B1, Vitamin B2, Vitamin B3, Vitamin B5, Vitamin B6, Vitamin B7, Vitamin B9, and Vitamin B12.
There is a continuous demand for vitamin B ingredients over the past two decades due to the modern lifestyles and diet patterns. Vitamin B disorders are due to genetic causes or processed food consumption. Vitamin B deficiency in the global population has led to a huge market for Vitamin B supplements and related food products. The key vendors in vitamin B market are Adisseo France, ADM, Amway, BASF, DSM, DuPont Danisco and Lonza Group. The factor driving the United States vitamin B market is the increased awareness of lifestyle diseases and due to the lack of validated studies on vitamin B, the market faces many challenges. The vitamin B market is categorised based on geography covering North America, Europe, Middle East, Africa, Asia-Pacific and rest of the world.
Vitamin B12, is also known as Cobalamin and is one of the available eight B vitamins. Vitamin B12 is a water-soluble vitamin that is naturally present in some foods and also available as a dietary supplement or a prescription medication. All the B vitamins help the body convert carbohydrates into glucose, which is used to produce energy and also help the human body use fats and protein. For a healthy skin, hair, eyes, liver and functioning of the nervous system, B complex vitamins are needed. The human body does not store vitamin B and it helps in the production of DNA, RNA, and the body’s genetic material. Vitamin B12 works closely with vitamin B9 helping in the generation of red blood cells and to help iron work better in the body. Low levels of vitamin B12 can cause fatigue, shortness of breath, diarrhea, nervousness, numbness and tingling sensation in the fingers and toes. Severe deficiency of vitamin B12 causes nerve damage.
According to the research report “2017-2022 United States Vitamin B12 (Cobalamin) Market Report (Status and Outlook)”, the applications of vitamin B12 are in the fields of pharmaceuticals, F&B, animal feed, and cosmetics. The leading manufacturers of global vitamin B12 (Cobalamin) market are Sanofi, Hebei Yufeng Group, Hebei Huarong Pharmaceutical, Ningxia Kingvit Pharmaceutical and NCPC VICTOR. The granular vitamin B12 (Cobalamin) market in United States is segmented based on geography that includes USA, Canada, and Mexico.
The available forms of vitamin B12 are multivitamins (including children’s chewable and liquid drops), B complex vitamins, and individual supplements. Vitamin B12 supplements are available in intranasal forms (administered through the nose), oral tablets, capsules, soft gels, and lozenges and are sold under the names cobalamin and cyanocobalamin. It was estimated that the Vitamin B12 (Cobalamin) market will grow at an elevated rate in the year 2017. This market is also expecting huge and whooping investments in research and development from the government in the United States and from private firms over the coming years. The varied lifestyle in the United States is expected to exhibit and encourage the Vitamin B12 (Cobalamin) supplements market by the year 2022.
Key Topics Covered in the Report
Global Vitamin B12 (Cobalamin) Major Manufacturers
Global Vitamin B12 Consumption Volume
Global Vitamin B12 Production Volume
Global Vitamin B12 Market Revenue
United States Vitamin B12 Market Analysis
Vitamin B12 Market Future Outlook in US
US Vitamins and Supplements Market Research
US Major Vitamin B12 Market Players
US Vitamins Market Consumption Analysis
US Vitamin B12 Market Research
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Ankur Gupta, Head Marketing & Communications