Global Vitamin B12 Drops Market
Global Vitamin B12 Drops Market was valued at USD 120.3 million which expected to reach USD 230.4 at a CAGR 10.25% from 2022-2027.
The creation of RBCs requires vitamin B12. (Red Blood Cells). Also, it is crucial for the growth and development of brain and nerve cells. Symptoms of a vitamin B12 deficiency include anemia, stomach/intestinal problems, and irreversible nerve damage.
Market Drivers
Demand for dietary supplements and other vitamin products is being driven by the rising prevalence of vitamin B12 insufficiency among people worldwide and across all age groups. It is possible to recommend that older people who have Crohn's disease, untreated celiac disease, or all three regularly take vitamin B12 pills. This water-soluble vitamin also aids in myelination, the growth and operation of the central nervous system, the production of red blood cells, and metabolism regulation. It can also alleviate ageing women's anaemia. The symptoms of a vitamin shortage might include nerve damage, exhaustion, weakness, blurred vision, numbness, sweating, fever, and trouble walking in people who are unable to absorb vitamin B12 from natural sources. Additionally, signs of vitamin B12 insufficiency include digestive system issues, shortness of breath, and mood swings.
Furthermore, poor vitamin B12 intake could pose a serious risk to the global populace, particularly to youngsters and expectant mothers in developing nations. Hormones, enzymes, and other elements necessary for human health are assisted by vitamin B12. Malnutrition brought on by vitamin B12 deficiency can lead to non-communicable diseases linked to diet, obesity, underweight, and overweight. In 2020, 1.9 billion persons will be overweight or obese, while 462 million will be underweight, according to the World Health Organization (WHO). According to the WHO, malnutrition is primarily a factor in fatalities among children under the age of five in low- and middle-income nations. WHO estimates that 38.9 million youngsters would be overweight or obese in 2020. These elements are influencing the market's pace of revenue growth.
Market Restraints
The COVID-19 crisis not only affects people's health, but it also has effects on labor, raw material, and container shortages that might affect the market's demand-supply balance. According to research, a supply chain crisis hit the nutrition sector, including the worldwide market for vitamin B12, on January 24, 2022 as a result of supply chain bottlenecks and inflation. Global imbalances, energy-control measures, and disruptions in the supply chain in China due to COVID-19 cases are impeding the supply chain and having an effect on the market for vitamin B12 Drops.
Market Segmentation
The Global Vitamin B12 Drops Market is segmented into patient type such as Adult, Pediatric. By indication, market is segmented into Nervous system, Heart Health, Immune support, others. By Distribution Channel, market is segmented into Hospital Pharmacies, Retail & Online Pharmacies.
Regional Analysis
Global Vitamin B12 Drops Market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The region with the highest revenue share in 2021 was APAC. The supply of dietary supplements and nutritional products was disrupted after China's implementation of the zero-COVID policy, as producers like Shangyu NHU Bio-Chem and Zhejiang NHU Pharmaceutical suspended production in the middle of December. APAC nations like China export pharmaceutical products around the world.
Key Players
Merck Group, Charkit Chemical Company LLC, Apotheca Inc., American Regent, Inc., Koninklijke DSM N.V., Bristol-Myers Squibb Company, Johnlee Pharmaceuticals Pvt. Ltd., Sanofi-Aventis, Pfizer Inc., and Chemkart India Pvt. Ltd.
Market Taxonomy
By Patient Type
• Adult
• Pediatric
By Indication
• Nervous system
• Heart Health
• Immune support
• Others
By Distribution Channel
• Hospital Pharmacies
• Retail & Online Pharmacies
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Vitamin B12 Drops Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Vitamin B12 Drops Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply & Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Vitamin B12 Drops Market, By Patient Type
5.1 Y-o-Y Growth Comparison, By Patient Type
5.2 Global Vitamin B12 Drops Market Share Analysis, By Patient Type
5.3 Global Vitamin B12 Drops Market Size and Forecast, By Patient Type
5.3.1. Adult
5.3.2. Pediatric
6 Global Vitamin B12 Drops Market, By Indication
6.1 Y-o-Y Growth Comparison, By Indication
6.2 Global Vitamin B12 Drops Market Share Analysis, By Indication
6.3 Global Vitamin B12 Drops Market Size and Forecast, By Indication
6.3.1 Nervous system
6.3.2. Heart Health
6.3.3. Immune support
6.3.4. Others
7 Global Vitamin B12 Drops Market, By Distribution Channel
7.1 Y-o-Y Growth Comparison, By Distribution Channel
7.2 Global Vitamin B12 Drops Market Share Analysis, By Distribution Channel
7.3 Global Vitamin B12 Drops Market Size and Forecast, By Distribution Channel
7.3.1. Hospital Pharmacies
7.3.2. Retail & Online Pharmacies
8 Global Vitamin B12 Drops Market, By Region
8.1 Global Vitamin B12 Drops Market Share Analysis, By Region
8.2 Global Vitamin B12 Drops Market Size and Forecast, By Region
8.3 Global Vitamin B12 Drops Market Trends and Forecast, By Region
9 North America Vitamin B12 Drops Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Vitamin B12 Drops Market Share Analysis, By Patient Type
9.3 North America Vitamin B12 Drops Market Size and Forecast, By Indication
9.4 North America Vitamin B12 Drops Market Size and Forecast, By Distribution Channel
9.5 North America Vitamin B12 Drops Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Vitamin B12 Drops Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Vitamin B12 Drops Market Share Analysis, By Patient Type
10.3 Europe Vitamin B12 Drops Market Size and Forecast, By Indication
10.4 Europe Vitamin B12 Drops Market Size and Forecast, By Distribution Channel
10.5 Europe Vitamin B12 Drops Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4. Rest of Europe
11 Asia Pacific Vitamin B12 Drops Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Vitamin B12 Drops Market Share Analysis, By Patient Type
11.3 Asia Pacific Vitamin B12 Drops Market Size and Forecast, By Indication
11.4 Asia Pacific Vitamin B12 Drops Market Size and Forecast, By Distribution Channel
11.5 Asia Pacific Vitamin B12 Drops Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Vitamin B12 Drops Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Vitamin B12 Drops Market Share Analysis, By Patient Type
12.3 Latin America Vitamin B12 Drops Market Size and Forecast, By Indication
12.4 Latin America Vitamin B12 Drops Market Size and Forecast, By Distribution Channel
12.5 Latin America Vitamin B12 Drops Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Vitamin B12 Drops Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Vitamin B12 Drops Market Share Analysis, By Patient Type
13.3 Middle East Vitamin B12 Drops Market Size and Forecast, By Indication
13.4 Middle East Vitamin B12 Drops Market Size and Forecast, By Distribution Channel
13.5 Middle East Vitamin B12 Drops Market Size and Forecast, By Country
13.6.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Merck Group
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Charkit Chemical Company LLC
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Apotheca Inc
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 American Regent, Inc
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Koninklijke DSM N.V
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Bristol-Myers Squibb Company
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Johnlee Pharmaceuticals Pvt. Ltd
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Sanofi-Aventis
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Pfizer Inc
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Chemkart India Pvt. Ltd
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
