Uploaded on Nov 4, 2020
Cyanocobalamin Market
Cyanocobalamin Market
Cyanocobalamin Market To
Reach USD 210.4 Billion By
2027
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Market
TSheu gromwinmg heaalthr cyoncern and changing lifestyle and dietary habits are driving the demand for the
Cyanocobalamin market.
Market Size – USD 152.1 Million in 2018, Market Growth - CAGR of 3.6%, Market Trends – Rising
trend of veganism.
The global Cyanocobalamin market is forecast to reach USD 210.4 Billion by 2027, according to a new
report by Reports and Data. Cyanocobalamin drugs are used to treat and prevent the lack of vitamin B12
that may be caused by due to pernicious anemia, certain infections, diseases, or medications that reduce the
level of Vitamin B12 absorbed from food; or a vegan diet.
A deficiency in the key vitamin can cause severe symptoms, including nerve damage, fatigue, neurological
problems, and digestive issues, like depression and memory loss. Therefore, many people turn to vitamin
B12 supplements to help meet their needs and prevent a deficiency.
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Market
RSapuid umrbanimzatioan anrdy a rise in disposable income coupled with an increase in awareness
regarding health issues are the factors driving the market growth during the forecast period. Rising
prevalence of depression, paranoia, and memory loss is also propelling the demand for Vitamin
B12. Favorable outlook towards medical nutrition will also drive the demand for the
Cyanocobalamin.
Further key findings from the report suggest-
• Tablet is the most commonly used type of Cyanocobalamin supplement due to the cost-
effectiveness and easy packaging techniques. Tablets are highly preferred by consumers owing
to their easy material packing and extended shelf life.
• In the food and beverage industry, Cyanocobalamin is used to fortify in various food and
beverage products as it is tasteless and odorless, and does not impact the previous taste and
odor of the food products. The demand for a fortified food product is rising in the food and
beverage sector owing to rise in health awareness among the population.
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Market
Summary
Companies considered and profiled in this market study
Apotheca Inc., Merck KGaA, Charkit Chemical Company LLC, Johnlee Pharmaceuticals Pvt. Ltd., American Regent,
Inc., Koninklijke DSM N.V., Chemkart, Bristol-Myers Squibb, Sanofi-Aventis, and Pfizer, among others.
For the purpose of this report, Reports and Data have segmented into the global Cyanocobalamin market on the
basis of grade, form, end-use, distribution channel, and region:
Grade Outlook (Revenue, USD Million; 2016-2027)
• Food Grade
• Pharmaceutical Grade
Form Outlook (Revenue, USD Million; 2016-2027)
• Powder
• Liquid
• Capsule
• Tablets
Distribution Channel Outlook (Revenue, USD Million; 2016-2027)
• Online Retailing
• Store-based Retailing
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Market
Summary
End-Use Outlook (Revenue, USD Million; 2016-2027)
• Food Industry
• Nutraceuticals
• Pharmaceutical
• Dietary Supplements
Regional Outlook (Revenue in USD Million; 2016–2026)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa (MEA)
Browse full report @ https://www.reportsanddata.com/report-detail/cyanocobalamin-market
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