The Cyanocobalamin market is expected to grow from USD 152 billion in 2019 to USD 210.84 billion by 2027, at a CAGR of 3.6% during the forecast period 2020-2027.
A man-made form of vitamin B12 that is used to treat and prevent low blood levels of the vitamin is known as cyanocobalamin. It is essential to maintain the health of blood cells, metabolism, and nerves. Vitamin B12 is necessary for blood formation, growth, cell reproduction, protein, and tissue synthesis. Benefits of vitamin B12 are, it helps with red blood cell formation and anaemia prevention, support bone health and prevent osteoporosis, improve mood and symptoms of depression, and also prevents major birth defects.
The factors driving the market are increase in the health of consciousness, increase in the vegan population, and deficiency of vitamin B12 in a pure vegan population. Other factors such as rapid urbanization, rise in disposable income rising prevalence of paranoia, memory loss, and depression, and an increase in awareness regarding health issues drives the market.
This study delivers a comprehensive analysis of type, grade, end-user, distribution channel, and region. The type segment includes capsule, powder, tablets, and powder. Tablet type segment holds the largest market share, owing to the cost-effectiveness and easy packaging techniques, and external shelf life and easy material packing. The grade segment includes pharmaceutical and food. Food grade segment is expected to witness significant growth, as it is safe for human consumption, they are made of materials designed to withstand the environment like exposure to sanitizing agents, cleaning procedures, and cleaning compounds. Based on end-user, the market is segmented into nutraceutical, pharmaceutical, food industry, and dietary supplements. Food industry dominates the market, owing to a rise in health awareness among the population, it is tasteless and odourless, and it does not impact the previous odour and taste of the food products. The distribution channel segment includes online retailing and store-based retailing. The online retailing segment holds the largest share, owing to increased ease and comfort of consumers buying online.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. In the Asia-Pacific region, China and India are witnessing significant growth due to growing awareness about the significance of a healthy diet. The Asia-Pacific and Europe hold the largest share in the consumption of cyanocobalamin, whereas Europe and North America are the major manufacturers of cyanocobalamin. This is attributed to the presence of the global market players. Malaysia, India, Indonesia, and China are driving the market, due to the support from the government to promote development initiatives. India has the largest number of vegan populations that provides various growth opportunities for the manufacturers of cyanocobalamin. North America is anticipated to witness significant growth, owing to high nutritional content, rising concern for greenhouse emission and sustainable living, and increasing product usage with reduced calorie levels.
Some of the notable players in the market are Koninklijke DSM N.V., Apotheca Inc., American Regent Inc., Charkit Chemical Company LLC, Johnlee Pharmaceuticals Pvt. Ltd., Sanofi-Aventis, Pfizer, Bristol-Myers Squibb, Chemkart, and Merck KGaA.
Cyanocobalamin Market Analysis and Forecast, by Type
Cyanocobalamin Market Analysis and Forecast, by Grade
Cyanocobalamin Market Analysis and Forecast, by End-User
Cyanocobalamin Market Analysis and Forecast, by Distribution Channel
Cyanocobalamin Market Analysis and Forecast, by Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Type
4.3.2. Market Attractiveness Analysis By Grade
4.3.3. Market Attractiveness Analysis By End-User
4.3.4. Market Attractiveness Analysis By Distribution Channel
4.3.5. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.3. Restraints
5.4. Opportunities
5.5. Challenges
6. Global Cyanocobalamin Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Capsule
6.3. Powder
6.4. Tablets
7. Global Cyanocobalamin Market Analysis and Forecast, By Grade
7.1. Segment Overview
7.2. Pharmaceutical
7.3. Food
8. Global Cyanocobalamin Market Analysis and Forecast, By End-User
8.1. Segment Overview
8.2. Nutraceutical
8.3. Pharmaceutical
8.4. Food Industry
8.5. Dietary Supplements
9. Global Cyanocobalamin Market Analysis and Forecast, By Distribution Channel
9.1. Segment Overview
9.2. Online Retailing
9.3. Store-Based Retailing
10. Global Cyanocobalamin Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Cyanocobalamin Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in Global Cyanocobalamin Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Product Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. DSM N.V.
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Product Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. Apotheca Inc.
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Product Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. American Regent Inc.
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Product Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. Charkit Chemical Company LLC
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Product Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. Johnlee Pharmaceuticals Pvt. Ltd.
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Product Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. Sanofi-Aventis
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Product Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. Pfizer
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Product Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. Bristol-Myers Squibb
12.8.1. Business Overview
12.8.2. Company Snapshot
12.8.3. Company Market Share Analysis
12.8.4. Company Product Portfolio
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. Chemkart
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Product Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. Merck KGaA
12.10.1. Business Overview
12.10.2. Company Snapshot
12.10.3. Company Market Share Analysis
12.10.4. Company Product Portfolio
12.10.5. Recent Developments
12.10.6. SWOT Analysis
List of Table
1. Global Cyanocobalamin Market, By Type, 2017–2027(USD Billion)(Tons)
2. Global Capsule In Cyanocobalamin Market, By Region, 2017–2027(USD Billion)(Tons)
3. Global Powder In Cyanocobalamin Market, By Region, 2017–2027(USD Billion)(Tons)
4. Global Tablets In Cyanocobalamin Market, By Region, 2017–2027(USD Billion)(Tons)
5. Global Cyanocobalamin Market, By Grade , 2017–2027(USD Billion)(Tons)
6. Global Pharmaceutical Cyanocobalamin Market, By Region, 2017–2027(USD Billion)(Tons)
7. Global Food Cyanocobalamin Market, By Region, 2017–2027(USD Billion)(Tons)
8. Global Cyanocobalamin Market, By End-User, 2017–2027(USD Billion)(Tons)
9. Global Nutraceutical Cyanocobalamin Market, By Region, 2017–2027(USD Billion)(Tons)
10. Global Pharmaceutical Cyanocobalamin Market, By Region, 2017–2027 (USD Billion)(Tons)
11. Global Food Industry Cyanocobalamin Market, By Region, 2017–2027 (USD Billion)(Tons)
12. Global Dietary Supplements Cyanocobalamin Market, By Region, 2017–2027 (USD Billion)(Tons)
13. Global Cyanocobalamin Market, By Distribution Channel, 2017–2027(USD Billion)(Tons)
14. Global Online Retailing Cyanocobalamin Market, By Region, 2017–2027(USD Billion)(Tons)
15. Global Store-Based Retailing Cyanocobalamin Market, By Region, 2017–2027 (USD Billion)(Tons)
16. Global Cyanocobalamin Market, By Region, 2017–2027(USD Billion)(Tons)
17. Global Cyanocobalamin Market, By North America, 2017–2027(USD Billion)(Tons)
18. North America Cyanocobalamin Market, By Type, 2017–2027(USD Billion)(Tons)
19. North America Cyanocobalamin Market, By Grade , 2017–2027(USD Billion)(Tons)
20. North America Cyanocobalamin Market, By End-User, 2017–2027(USD Billion)(Tons)
21. North America Cyanocobalamin Market, By Distribution Channel, 2017–2027(USD Billion)(Tons)
22. U.S. Cyanocobalamin Market, By Type, 2017–2027(USD Billion)(Tons)
23. U.S. Cyanocobalamin Market, By Grade , 2017–2027(USD Billion)(Tons)
24. U.S. Cyanocobalamin Market, By End-User, 2017–2027(USD Billion)(Tons)
25. U.S. Cyanocobalamin Market, By Distribution Channel, 2017–2027(USD Billion)(Tons)
26. Canada Cyanocobalamin Market, By Type, 2017–2027(USD Billion)(Tons)
27. Canada Cyanocobalamin Market, By Grade , 2017–2027(USD Billion)(Tons)
28. Canada Cyanocobalamin Market, By End-User, 2017–2027(USD Billion)(Tons)
29. Canada Cyanocobalamin Market, By Distribution Channel, 2017–2027(USD Billion)(Tons)
30. Mexico Cyanocobalamin Market, By Type, 2017–2027(USD Billion)(Tons)
31. Mexico Cyanocobalamin Market, By Grade , 2017–2027(USD Billion)(Tons)
32. Mexico Cyanocobalamin Market, By End-User, 2017–2027(USD Billion)(Tons)
33. Mexico Cyanocobalamin Market, By Distribution Channel, 2017–2027(USD Billion)(Tons)
34. Europe Cyanocobalamin Market, By Type, 2017–2027(USD Billion)(Tons)
35. Europe Cyanocobalamin Market, By Grade , 2017–2027(USD Billion)(Tons)
36. Europe Cyanocobalamin Market, By End-User, 2017–2027(USD Billion)(Tons)
37. Europe Cyanocobalamin Market, By Distribution Channel, 2017–2027(USD Billion)(Tons)
38. Germany Cyanocobalamin Market, By Type, 2017–2027(USD Billion)(Tons)
39. Germany Cyanocobalamin Market, By Grade , 2017–2027(USD Billion)(Tons)
40. Germany Cyanocobalamin Market, By End-User, 2017–2027(USD Billion)(Tons)
41. Germany Cyanocobalamin Market, By Distribution Channel, 2017–2027(USD Billion)(Tons)
42. France Cyanocobalamin Market, By Type, 2017–2027(USD Billion)(Tons)
43. France Cyanocobalamin Market, By Grade , 2017–2027(USD Billion)(Tons)
44. France Cyanocobalamin Market, By End-User, 2017–2027(USD Billion)(Tons)
45. France Cyanocobalamin Market, By Distribution Channel, 2017–2027(USD Billion)(Tons)
46. U.K. Cyanocobalamin Market, By Type, 2017–2027(USD Billion)(Tons)
47. U.K. Cyanocobalamin Market, By Grade , 2017–2027(USD Billion)(Tons)
48. U.K. Cyanocobalamin Market, By End-User, 2017–2027(USD Billion)(Tons)
49. U.K. Cyanocobalamin Market, By Distribution Channel, 2017–2027(USD Billion)(Tons)
50. Italy Cyanocobalamin Market, By Type, 2017–2027(USD Billion)(Tons)
51. Italy Cyanocobalamin Market, By Grade , 2017–2027(USD Billion)(Tons)
52. Italy Cyanocobalamin Market, By End-User, 2017–2027(USD Billion)(Tons)
53. Italy Cyanocobalamin Market, By Distribution Channel, 2017–2027(USD Billion)(Tons)
54. Spain Cyanocobalamin Market, By Type, 2017–2027(USD Billion)(Tons)
55. Spain Cyanocobalamin Market, By Grade , 2017–2027(USD Billion)(Tons)
56. Spain Cyanocobalamin Market, By End-User, 2017–2027(USD Billion)(Tons)
57. Spain Cyanocobalamin Market, By Distribution Channel, 2017–2027(USD Billion)(Tons)
58. Asia Pacific Cyanocobalamin Market, By Type, 2017–2027(USD Billion)(Tons)
59. Asia Pacific Cyanocobalamin Market, By Grade , 2017–2027(USD Billion)(Tons)
60. Asia Pacific Cyanocobalamin Market, By End-User, 2017–2027(USD Billion)(Tons)
61. Asia Pacific Cyanocobalamin Market, By Distribution Channel, 2017–2027(USD Billion)(Tons)
62. Japan Cyanocobalamin Market, By Type, 2017–2027(USD Billion)(Tons)
63. Japan Cyanocobalamin Market, By Grade , 2017–2027(USD Billion)(Tons)
64. Japan Cyanocobalamin Market, By End-User, 2017–2027(USD Billion)(Tons)
65. Japan Cyanocobalamin Market, By Distribution Channel, 2017–2027(USD Billion)(Tons)
66. China Cyanocobalamin Market, By Type, 2017–2027(USD Billion)(Tons)
67. China Cyanocobalamin Market, By Grade , 2017–2027(USD Billion)(Tons)
68. China Cyanocobalamin Market, By End-User, 2017–2027(USD Billion)(Tons)
69. China Cyanocobalamin Market, By Distribution Channel, 2017–2027(USD Billion)(Tons)
70. India Cyanocobalamin Market, By Type, 2017–2027(USD Billion)(Tons)
71. India Cyanocobalamin Market, By Grade , 2017–2027(USD Billion)(Tons)
72. India Cyanocobalamin Market, By End-User, 2017–2027(USD Billion)(Tons)
73. India Cyanocobalamin Market, By Distribution Channel, 2017–2027(USD Billion)(Tons)
74. South America Cyanocobalamin Market, By Type, 2017–2027(USD Billion)(Tons)
75. South America Cyanocobalamin Market, By Grade , 2017–2027(USD Billion)(Tons)
76. South America Cyanocobalamin Market, By End-User, 2017–2027(USD Billion)(Tons)
77. South America Cyanocobalamin Market, By Distribution Channel, 2017–2027(USD Billion)(Tons)
78. Brazil Cyanocobalamin Market, By Type, 2017–2027(USD Billion)(Tons)
79. Brazil Cyanocobalamin Market, By Grade , 2017–2027(USD Billion)(Tons)
80. Brazil Cyanocobalamin Market, By End-User, 2017–2027(USD Billion)(Tons)
81. Brazil Cyanocobalamin Market, By Distribution Channel, 2017–2027(USD Billion)(Tons)
82. Middle East and Africa Cyanocobalamin Market, By Type, 2017–2027(USD Billion)(Tons)
83. Middle East and Africa Cyanocobalamin Market, By Grade , 2017–2027(USD Billion)(Tons)
84. Middle East Cyanocobalamin Market, By End-User, 2017–2027(USD Billion)(Tons)
85. Middle East Cyanocobalamin Market, By Distribution Channel, 2017–2027(USD Billion)(Tons)
86. UAE Cyanocobalamin Market, By Type, 2017–2027(USD Billion)(Tons)
87. UAE Cyanocobalamin Market, By Grade , 2017–2027(USD Billion)(Tons)
88. UAE Cyanocobalamin Market, By End-User, 2017–2027(USD Billion)(Tons)
89. UAE Cyanocobalamin Market, By Distribution Channel, 2017–2027(USD Billion)(Tons)
90. South Africa Cyanocobalamin Market, By Type, 2017–2027(USD Billion)(Tons)
91. South Africa Cyanocobalamin Market, By Grade , 2017–2027(USD Billion)(Tons)
92. South Africa Cyanocobalamin Market, By End-User, 2017–2027(USD Billion)(Tons)
93. South Africa Cyanocobalamin Market, By Distribution Channel, 2017–2027(USD Billion)(Tons)
List of Figures
1. Global Cyanocobalamin Market Segmentation
2. Cyanocobalamin Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Cyanocobalamin Market Attractiveness Analysis By Type
9. Global Cyanocobalamin Market Attractiveness Analysis By Grade
10. Global Cyanocobalamin Market Attractiveness Analysis By End-User
11. Global Cyanocobalamin Market Attractiveness Analysis By Distribution Channel
12. Global Cyanocobalamin Market Attractiveness Analysis By Region
13. Global Cyanocobalamin Market: Dynamics
14. Global Cyanocobalamin Market Share By Type (2019 & 2027)
15. Global Cyanocobalamin Market Share By Grade (2019 & 2027)
16. Global Cyanocobalamin Market Share By End-User (2019 & 2027)
17. Global Cyanocobalamin Market Share By Distribution Channel (2019 & 2027)
18. Global Cyanocobalamin Market Share by Regions (2019 & 2027)
19. Global Cyanocobalamin Market Share by Company (2019)
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