Vitamin B12, also known as cobalamin, is a water-soluble vitamin involved in metabolism. It is one of eight B vitamins. It is required by animals, which use it as a cofactor in DNA synthesis, in both fatty acid and amino acid metabolism.
Increasing prevalence of vitamin B12 deficiency is expected to witness significant growth in forecast period. For instance, according to an article published in Indian Journal of Endocrinology and Metabolism, in March 2019, the prevalence of vitamin B12 deficiency is 47% in the north Indian population. Diabetes patients have higher vitamin B12 levels than the overall population, but there is still a high rate of deficiency.
Increasing numbers of awareness campaigns by nonprofit organizations are expected to drive growth of the global vitamin B12 drops market over the forecast period. For instance, in February 2022, The United Nations World Food Programme (WFP), launched a new campaign to tackle malnutrition and high anemia (iron deficiency) rates among pregnant and nursing mothers in Gaza and the West Bank by offering nutritional support. The campaign held under the slogan “Your little wins add up to big achievements”, included activities such as cooking sessions, home-garden kits and training for growing vegetables and fruits.
Increasing cases of vitamin B12 deficiency is expected to drive growth of market over the forecast period. For instance, according to centers for Disease Control and Prevention, in August 2021, Infants require vitamin B12 to help with brain development and the production of healthy red blood cells. Infants who do not receive enough vitamin B12 may become deficient. Vitamin B12 deficiency in babies can cause lifelong brain damage if left untreated. Vitamin B12 is usually delivered to the fetus by the placenta during pregnancy and through breast milk after birth. If a mother is deficient in vitamin B12, her infant may also become deficient.
Key features of the study:
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*Browse 35 market data tables and 28 figures on “Global Vitamin B12 Drops Market” - Forecast to 2030.
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