North America Vitamin B12 Market (2023-2029) | Trends, Value, Revenue, Outlook, Forecast, Size, Analysis, Growth, Industry, Share, Segmentation & COVID-19 IMPACT

Market Forecast by Countries (United States, Canada), By Dosage Form (Syrups, Injection, Tablets, Powder, Nasal Spray), By Route of Administration (Oral, Intravenous, Subcutaneous, Nasal), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy) And Competitive Landscape

Product Code: ETC406629 Publication Date: Dec 2022 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 250 No. of Figures: 50 No. of Tables: 25

North America Vitamin B12 Market Synopsis

The North America Vitamin B12 Market is anticipated to gain more success in the near future. The sector is gradually becoming an essential sector in the continent since there are many growth factors aiding the success of this sector in the region.

According to 6Wresearch, the North America Vitamin B12 Market size is expected to grow during 2023-2029. Vitamin B is a vital vitamin which play an essential role in cell metabolism and it is found in food which include poultry, fortified cereals, meat and fish. This vitamin is also available as dietary supplement. B1 (thiamine), B2 (riboflavin), B3 (niacin), B5 (pantothenic acid), B6 (pyridoxine), B9 (biotin), B9 (folic acid) and B12 (cobalamin) are the major forms of vitamin B. Vitamin B12 is an essential vitamin just like other forms of vitamin B. Supplements of thus vitamin are used to prevent or to treat vitamin B deficiencies.

Rising demand for functional foods, dietary supplements and growing awareness about the advantages of vitamin B12 are some factors fueling the sector growth in the continent. There are a number of key trends that led to higher demand for foods as well as supplements that are highly rich in vitamin B12. Rising consciousness and interest in health is another essential trend driving this market. Aging population in the region is also stimulating the sector growth. Aged people are more likely to experience health-related issues, which include memory loss, and cognitive decline, which is increasing the demand for vitamin B12 in the region. Growth in chronic diseases which include hearth disease and diabetes. These conditions may lead to nutrient deficiencies, so the patients are advised to take vitamin B12 supplements.

The key players in this space play an essential role in the market development and they focus on geographical footprints as well as on expanding their product portfolio in order to obtain a competitive edge in the region. The market is highly competitive since there is the presence of large number of players in the market. However, the high prices of vitamin B12 supplements, intense competition, as well as lack of regulatory guidelines are few key constraints that can impact negatively on the sector growth. The North America Vitamin B12 Market share will grow in the near future owing to the benefits vitamin b12 supplements are offering.

COVID-19 Impact on North America Vitamin B12 Market

The pandemic impacted the development of North America Vitamin B12 Market just the way it impacted the growth of other markets across the world. There were only very few markets across the world that impacted negatively by the pandemic. People during the COVID-19 pandemic were focused on meeting their most essential needs, which in turn, led to reduction in demand for vitamin B12 supplements, which disrupted the growth of this industry to some extent. The industry faced many issues which impact on its growth in the most negative manner. The sector is now gradually evolving, which will help it grow more in the years to come.

Market Analysis by Countries

On the basis of countries, the North America Vitamin B12 Industry is divided into United States, and Canada. Both these countries are the major producer as well consumer of vitamin B12 supplements in the region.

Market Analysis by Dosage Form

On the basis of dosage form, the Vitamin B12 Market in North America is divided into Syrups, Injection, Tablets, Powder, and Nasal Spray. Among these, the powder segment us rising more in demand and it will account for the highest share in the market in the years to come.

Market Analysis by Route Of Administration

On the basis of route of administration, the sector in the region is divided into Oral, Intravenous, Subcutaneous, and Nasal. All these segmentations are becoming popular in the market and they will dominate the sector.

Market Analysis by Distribution Channel

On the basis of distribution channel, the sector is divided into Hospital Pharmacy, Retail Pharmacy, and Online Pharmacy. Among these, the online pharmacy segment will dominate the sector in the years to come.

Key attractiveness of the report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2019 to 2022.
  • Base Year: 2022.
  • Forecast Data until 2029.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • North America Vitamin B12 Market Outlook
  • Market Size of North America Vitamin B12 Market, 2022
  • Forecast of North America Vitamin B12 Market, 2029
  • Historical Data and Forecast of North America Vitamin B12 Revenues & Volume for the Period 2019 - 2029
  • North America Vitamin B12 Market Trend Evolution
  • North America Vitamin B12 Market Drivers and Challenges
  • North America Vitamin B12 Price Trends
  • North America Vitamin B12 Porter's Five Forces
  • North America Vitamin B12 Industry Life Cycle
  • Historical Data and Forecast of North America Vitamin B12 Market Revenues & Volume By Dosage Form for the Period 2019 - 2029
  • Historical Data and Forecast of North America Vitamin B12 Market Revenues & Volume By Syrups for the Period 2019 - 2029
  • Historical Data and Forecast of North America Vitamin B12 Market Revenues & Volume By Injection for the Period 2019 - 2029
  • Historical Data and Forecast of North America Vitamin B12 Market Revenues & Volume By Tablets for the Period 2019 - 2029
  • Historical Data and Forecast of North America Vitamin B12 Market Revenues & Volume By Powder for the Period 2019 - 2029
  • Historical Data and Forecast of North America Vitamin B12 Market Revenues & Volume By Nasal Spray for the Period 2019 - 2029
  • Historical Data and Forecast of United States Vitamin B12 Market Revenues & Volume By Dosage Form for the Period 2019 - 2029
  • Historical Data and Forecast of United States Vitamin B12 Market Revenues & Volume By Syrups for the Period 2019 - 2029
  • Historical Data and Forecast of United States Vitamin B12 Market Revenues & Volume By Injection for the Period 2019 - 2029
  • Historical Data and Forecast of United States Vitamin B12 Market Revenues & Volume By Tablets for the Period 2019 - 2029
  • Historical Data and Forecast of United States Vitamin B12 Market Revenues & Volume By Powder for the Period 2019 - 2029
  • Historical Data and Forecast of United States Vitamin B12 Market Revenues & Volume By Nasal Spray for the Period 2019 - 2029
  • Historical Data and Forecast of Canada Vitamin B12 Market Revenues & Volume By Dosage Form for the Period 2019 - 2029
  • Historical Data and Forecast of Canada Vitamin B12 Market Revenues & Volume By Syrups for the Period 2019 - 2029
  • Historical Data and Forecast of Canada Vitamin B12 Market Revenues & Volume By Injection for the Period 2019 - 2029
  • Historical Data and Forecast of Canada Vitamin B12 Market Revenues & Volume By Tablets for the Period 2019 - 2029
  • Historical Data and Forecast of Canada Vitamin B12 Market Revenues & Volume By Powder for the Period 2019 - 2029
  • Historical Data and Forecast of Canada Vitamin B12 Market Revenues & Volume By Nasal Spray for the Period 2019 - 2029
  • Historical Data and Forecast of North America Vitamin B12 Market Revenues & Volume By Route of Administration for the Period 2019 - 2029
  • Historical Data and Forecast of North America Vitamin B12 Market Revenues & Volume By Oral for the Period 2019 - 2029
  • Historical Data and Forecast of North America Vitamin B12 Market Revenues & Volume By Intravenous for the Period 2019 - 2029
  • Historical Data and Forecast of North America Vitamin B12 Market Revenues & Volume By Subcutaneous for the Period 2019 - 2029
  • Historical Data and Forecast of North America Vitamin B12 Market Revenues & Volume By Nasal for the Period 2019 - 2029
  • Historical Data and Forecast of United States Vitamin B12 Market Revenues & Volume By Route of Administration for the Period 2019 - 2029
  • Historical Data and Forecast of United States Vitamin B12 Market Revenues & Volume By Oral for the Period 2019 - 2029
  • Historical Data and Forecast of United States Vitamin B12 Market Revenues & Volume By Intravenous for the Period 2019 - 2029
  • Historical Data and Forecast of United States Vitamin B12 Market Revenues & Volume By Subcutaneous for the Period 2019 - 2029
  • Historical Data and Forecast of United States Vitamin B12 Market Revenues & Volume By Nasal for the Period 2019 - 2029
  • Historical Data and Forecast of Canada Vitamin B12 Market Revenues & Volume By Route of Administration for the Period 2019 - 2029
  • Historical Data and Forecast of Canada Vitamin B12 Market Revenues & Volume By Oral for the Period 2019 - 2029
  • Historical Data and Forecast of Canada Vitamin B12 Market Revenues & Volume By Intravenous for the Period 2019 - 2029
  • Historical Data and Forecast of Canada Vitamin B12 Market Revenues & Volume By Subcutaneous for the Period 2019 - 2029
  • Historical Data and Forecast of Canada Vitamin B12 Market Revenues & Volume By Nasal for the Period 2019 - 2029
  • Historical Data and Forecast of North America Vitamin B12 Market Revenues & Volume By Distribution Channel for the Period 2019 - 2029
  • Historical Data and Forecast of North America Vitamin B12 Market Revenues & Volume By Hospital Pharmacy for the Period 2019 - 2029
  • Historical Data and Forecast of North America Vitamin B12 Market Revenues & Volume By Retail Pharmacy for the Period 2019 - 2029
  • Historical Data and Forecast of North America Vitamin B12 Market Revenues & Volume By Online Pharmacy for the Period 2019 - 2029
  • Historical Data and Forecast of United States Vitamin B12 Market Revenues & Volume By Distribution Channel for the Period 2019 - 2029
  • Historical Data and Forecast of United States Vitamin B12 Market Revenues & Volume By Hospital Pharmacy for the Period 2019 - 2029
  • Historical Data and Forecast of United States Vitamin B12 Market Revenues & Volume By Retail Pharmacy for the Period 2019 - 2029
  • Historical Data and Forecast of United States Vitamin B12 Market Revenues & Volume By Online Pharmacy for the Period 2019 - 2029
  • Historical Data and Forecast of Canada Vitamin B12 Market Revenues & Volume By Distribution Channel for the Period 2019 - 2029
  • Historical Data and Forecast of Canada Vitamin B12 Market Revenues & Volume By Hospital Pharmacy for the Period 2019 - 2029
  • Historical Data and Forecast of Canada Vitamin B12 Market Revenues & Volume By Retail Pharmacy for the Period 2019 - 2029
  • Historical Data and Forecast of Canada Vitamin B12 Market Revenues & Volume By Online Pharmacy for the Period 2019 - 2029
  • North America Vitamin B12 Market - Key Performance Indicators
  • North America Vitamin B12 Market - Import Export Trade Statistics
  • North America Vitamin B12 Market - Opportunity Assessment By Countries
  • North America Vitamin B12 Market - Opportunity Assessment By Dosage Form
  • North America Vitamin B12 Market - Opportunity Assessment By Route of Administration
  • North America Vitamin B12 Market - Opportunity Assessment By Distribution Channel
  • North America Vitamin B12 Market - Top Companies Market Share
  • North America Vitamin B12 Market - Top Companies Profiles
  • North America Vitamin B12 Market - Comparison of Players in Technical and Operating Parameters
  • North America Vitamin B12 Market - Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Countries

  • United States
  • Canada

By Dosage Form

  • Syrups
  • Injection
  • Tablets
  • Powder
  • Nasal Spray

By Route Of Administration

  • Oral
  • Intravenous
  • Subcutaneous
  • Nasal

By Distribution Channel

  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Pharmacy
North America Vitamin B12 Market: FAQs
Yes, the sector is estimated to gain more growth in the near future since there are a number of factors contributing to the sector growth.
The forecast period of this report is 2023-2029.
Rising demand for functional foods, dietary supplements and growing awareness about the advantages of vitamin B12 are some factors fueling the sector growth in the continent.
The high prices of vitamin B12 supplements, intense competition, as well as lack of regulatory guidelines are few key constraints that can impact negatively on the sector growth.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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