The global Vitamin B12 (Cobalamin) market size in 2022 is XX million US dollars, and it is expected to be 510.0 million US dollars by 2029, with a compound annual growth rate of 7.20% expected in 2023-2029.
Competitive Landscape Analysis:
The main players in the Vitamin B12 (Cobalamin) market include DSM (Netherlands), BASF SE (Germany), Lonza Group (Switzerland), Glanbia plc (Ireland), and ADM (U.S.). The share of the top 3 players in the Vitamin B12 (Cobalamin) market is XX%.
REGION SHARE:
The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for XX%, Europe accounted for XX% of Vitamin B12 (Cobalamin) market, and Asia Pacific accounted for XX%.
Segmental Analysis
The report segments the market by Type and Application. Powder accounted for XX% of Vitamin B12 (Cobalamin) market in 2022. Liquid share of XX%.
Online Retails accounted for XX% of the Vitamin B12 (Cobalamin) market in 2022. Offline Retails accounts for XX%.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Vitamin B12 (Cobalamin) Market dynamics, structure by identifying and analyzing the market segments and project the global market size.
In addition, the market SWOT analysis, dynamics, trends, technologies, opportunities and challenges analysis are covered in the report.
Further, the report also focuses on the competitive analysis of key players by product, financial position, product portfolio, growth strategies, and regional presence.
With the development of the economy, the improvement of residents' consumption level and the upgrade of consumption structure, the food and beverage industry as a whole has shown a good growth trend. In the future, the production capacity will continue to expand, and the industrial structure will be further improved and optimized.
E-Commerce Growth: The growth of e-commerce has significantly impacted the food and beverage industry. Online grocery shopping and food delivery services have witnessed tremendous growth, especially during the COVID-19 pandemic. Companies have been investing in online platforms and expanding their digital presence to cater to changing consumer preferences.
Clean label and transparency: Consumers are increasingly seeking transparency in food products. Clean label initiatives emphasize the use of natural ingredients, removal of artificial additives, and clear and accurate labeling to provide consumers with more information about the food they consume.
Segmental Analysis
North America
United States
Canada
China
Asia Pacific (Excluding China)
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Nordic
Latin America
Brazil
Argentina
Mexico
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Some of the Top Market Players Covered Are:
DSM (Netherlands)
BASF SE (Germany)
Lonza Group (Switzerland)
Glanbia plc (Ireland)
ADM (U.S.)
Farbest Brands (U.S.)
SternVitamin GmbH & Co. KG (Schleswig-Holstein)
Adisseo (France)
BTSA Biotechnologias Aplicadas S.L. (Spain)
Rabar Pty Ltd (Australia)
Cargill, Incorporated (U.S.)
Market outlook by product/service type:
Powder
Liquid
Capsule
Tablets
Market outlook by Application :
Online Retails
Offline Retails
Table of Content
1 Vitamin B12 (Cobalamin) Market Introduction and Overview
1.1 Vitamin B12 (Cobalamin) Definition
1.2 Market Size Analysis by Types
1.3 Market Size Analysis by Application
1.4 Research Purposes
1.5 Report Timeline
1.6 Economic Analysis of Global Regions
2 Vitamin B12 (Cobalamin) Manufacturing Cost Analysis
2.1 Vitamin B12 (Cobalamin) Key Raw Materials Analysis
2.1.1 Key Raw Materials
2.1.2 Price Trend of Key Raw Materials
2.1.3 Key Suppliers of Raw Materials
2.2 Proportion of Manufacturing Cost Structure
2.2.1 Raw Materials
2.2.2 Labor Cost
2.2.3 Manufacturing Expenses
2.3 Manufacturing Process Analysis of Vitamin B12 (Cobalamin)
2.4 Vitamin B12 (Cobalamin) Industrial Chain Analysis
3 Global Vitamin B12 (Cobalamin) Historical and Forecast Market Analysis by Type
3.1 Global Vitamin B12 (Cobalamin) Revenue and Market Share by Type
3.2 Global Vitamin B12 (Cobalamin) Sales and Market Share by Type
3.3 Global Vitamin B12 (Cobalamin) Revenue Market Forecast by Type (2023-2029)
3.4 Global Vitamin B12 (Cobalamin) Sales Market Forecast by Type (2023-2029)
4 Global Vitamin B12 (Cobalamin) Historical and Forecast Market Analysis by Application
4.1 Global Vitamin B12 (Cobalamin) Revenue Market Share by Application (2018-2023)
4.2 Global Vitamin B12 (Cobalamin) Sales Market Share by Application (2018-2023)
4.3 Vitamin B12 (Cobalamin) Revenue Market Forecast by Application (2023-2029)
4.4 Vitamin B12 (Cobalamin) Sales Market Forecast by Application (2023-2029)
5 Global Market Growth Trends Analysis
5.1 Global Vitamin B12 (Cobalamin) Market Size & Forecast (2018-2029)
5.2 Vitamin B12 (Cobalamin) Growth Trends Analysis by Regions
5.2.1 Vitamin B12 (Cobalamin) Market Size by Regions: 2018 VS 2023 VS 2029
5.2.2 Vitamin B12 (Cobalamin) Historic Market Size by Regions (2018-2023)
5.2.3 Vitamin B12 (Cobalamin) Forecasted Market Size by Regions (2023-2029)
5.2.4 North America Vitamin B12 (Cobalamin) Market Size & Forecast (2018-2029)
5.2.5 Europe Vitamin B12 (Cobalamin) Market Size & Forecast (2018-2029)
5.2.6 China Vitamin B12 (Cobalamin) Market Size & Forecast (2018-2029)
5.2.7 Asia-Pacific (Excluding China) Vitamin B12 (Cobalamin) Market Size & Forecast (2018-2029)
5.2.8 Latin America Vitamin B12 (Cobalamin) Market Size & Forecast (2018-2029)
5.2.9 Middle East & Africa Vitamin B12 (Cobalamin) Market Size & Forecast (2018-2029)
6 North America
6.1 North America Vitamin B12 (Cobalamin) Revenue by Players
6.2 North America Vitamin B12 (Cobalamin) Sales by Types
6.3 North America Vitamin B12 (Cobalamin) Sales by Applications
6.4 North America Vitamin B12 (Cobalamin) Market by Countries
6.4.1 North America Vitamin B12 (Cobalamin) Revenue by Countries (2018-2029)
6.4.2 North America Vitamin B12 (Cobalamin) Sales by Countries (2018-2029)
6.5 United States
6.6 Canada
7 China
7.1 China Vitamin B12 (Cobalamin) Revenue by Players
7.2 China Vitamin B12 (Cobalamin) Sales by Types
7.3 China Vitamin B12 (Cobalamin) Sales by Applications
7.4 China
8 Asia Pacific (Excluding China)
8.1 Asia Pacific Vitamin B12 (Cobalamin) Revenue by Players
8.2 Asia Pacific Vitamin B12 (Cobalamin) Sales by Types
8.3 Asia Pacific Vitamin B12 (Cobalamin) Sales by Applications
8.4 Asia Pacific Vitamin B12 (Cobalamin) Market by Countries
8.4.1 Asia Pacific Vitamin B12 (Cobalamin) Revenue by Countries (2018-2029)
8.4.2 Asia Pacific Vitamin B12 (Cobalamin) Sales by Countries (2018-2029)
8.5 Japan
8.6 Korea
8.7 Southeast Asia
8.8 India
8.9 Australia
9 Europe
9.1 Europe Vitamin B12 (Cobalamin) Revenue by Players
9.2 Europe Vitamin B12 (Cobalamin) Sales by Types
9.3 Europe Vitamin B12 (Cobalamin) Sales by Applications
9.4 Europe Vitamin B12 (Cobalamin) Market by Countries
9.4.1 Europe Vitamin B12 (Cobalamin) Revenue by Countries (2018-2029)
9.4.2 Europe Vitamin B12 (Cobalamin) Sales by Countries (2018-2029)
9.5 Germany
9.6 France
9.7 UK
9.8 Italy
9.9 Russia
9.10 Nordic
10 Latin America
10.1 Latin America Vitamin B12 (Cobalamin) Revenue by Players
10.2 Latin America Vitamin B12 (Cobalamin) Sales by Types
10.3 Latin America Vitamin B12 (Cobalamin) Sales by Applications
10.4 Latin America Vitamin B12 (Cobalamin) Market by Countries
10.4.1 Latin America Vitamin B12 (Cobalamin) Revenue by Countries (2018-2029)
10.4.2 Latin America Vitamin B12 (Cobalamin) Sales by Countries (2018-2029)
10.5 Brazil
10.6 Argentina
10.7 Mexico
11 Middle East & Africa
11.1 Middle East & Africa Vitamin B12 (Cobalamin) Revenue by Players
11.2 Middle East & Africa Vitamin B12 (Cobalamin) Sales by Types
11.3 Middle East & Africa Vitamin B12 (Cobalamin) Sales by Applications
11.4 Middle East & Africa Vitamin B12 (Cobalamin) Market by Countries
11.4.1 Middle East & Africa Vitamin B12 (Cobalamin) Revenue by Countries (2018-2029)
11.4.2 Middle East & Africa Vitamin B12 (Cobalamin) Sales by Countries (2018-2029)
11.5 Egypt
11.6 South Africa
11.7 Israel
11.8 Turkey
11.9 GCC Countries
12 Market Channel, Distributors, Traders and Dealers
12.1 Market Channel Status
12.1.1 Direct Marketing
12.1.2 Indirect Marketing
12.2 Vitamin B12 (Cobalamin) Typical Distributors
12.3 Vitamin B12 (Cobalamin) Typical Customers
13 Vitamin B12 (Cobalamin) Industry Dynamic Analysis
13.1 Vitamin B12 (Cobalamin) Market Trends Analysis
13.2 Vitamin B12 (Cobalamin) Market Drivers Analysis
13.3 Vitamin B12 (Cobalamin) Market Challenges Analysis
13.4 Vitamin B12 (Cobalamin) Market Restraints Analysis
13.5 Vitamin B12 (Cobalamin) Industry Mergers & Acquisitions
13.6 Vitamin B12 (Cobalamin) Industry New Entrants and Expansion Plans
14 Players Profiles
14.1 DSM (Netherlands)
14.1.1 DSM (Netherlands) Company Profile
14.1.2 Vitamin B12 (Cobalamin) Product Overview
14.1.3 DSM (Netherlands) Vitamin B12 (Cobalamin) Market Performance (2018-2023)
14.1.4 DSM (Netherlands) Business Overview
14.2 BASF SE (Germany)
14.2.1 BASF SE (Germany) Company Profile
14.2.2 Vitamin B12 (Cobalamin) Product Overview
14.2.3 BASF SE (Germany) Vitamin B12 (Cobalamin) Market Performance (2018-2023)
14.2.4 BASF SE (Germany) Business Overview
14.3 Lonza Group (Switzerland)
14.3.1 Lonza Group (Switzerland) Company Profile
14.3.2 Vitamin B12 (Cobalamin) Product Overview
14.3.3 Lonza Group (Switzerland) Vitamin B12 (Cobalamin) Market Performance (2018-2023)
14.3.4 Lonza Group (Switzerland) Business Overview
14.4 Glanbia plc (Ireland)
14.4.1 Glanbia plc (Ireland) Company Profile
14.4.2 Vitamin B12 (Cobalamin) Product Overview
14.4.3 Glanbia plc (Ireland) Vitamin B12 (Cobalamin) Market Performance (2018-2023)
14.4.4 Glanbia plc (Ireland) Business Overview
14.5 ADM (U.S.)
14.5.1 ADM (U.S.) Company Profile
14.5.2 Vitamin B12 (Cobalamin) Product Overview
14.5.3 ADM (U.S.) Vitamin B12 (Cobalamin) Market Performance (2018-2023)
14.5.4 ADM (U.S.) Business Overview
14.6 Farbest Brands (U.S.)
14.6.1 Farbest Brands (U.S.) Company Profile
14.6.2 Vitamin B12 (Cobalamin) Product Overview
14.6.3 Farbest Brands (U.S.) Vitamin B12 (Cobalamin) Market Performance (2018-2023)
14.6.4 Farbest Brands (U.S.) Business Overview
14.7 SternVitamin GmbH & Co. KG (Schleswig-Holstein)
14.7.1 SternVitamin GmbH & Co. KG (Schleswig-Holstein) Company Profile
14.7.2 Vitamin B12 (Cobalamin) Product Overview
14.7.3 SternVitamin GmbH & Co. KG (Schleswig-Holstein) Vitamin B12 (Cobalamin) Market Performance (2018-2023)
14.7.4 SternVitamin GmbH & Co. KG (Schleswig-Holstein) Business Overview
14.8 Adisseo (France)
14.8.1 Adisseo (France) Company Profile
14.8.2 Vitamin B12 (Cobalamin) Product Overview
14.8.3 Adisseo (France) Vitamin B12 (Cobalamin) Market Performance (2018-2023)
14.8.4 Adisseo (France) Business Overview
14.9 BTSA Biotechnologias Aplicadas S.L. (Spain)
14.9.1 BTSA Biotechnologias Aplicadas S.L. (Spain) Company Profile
14.9.2 Vitamin B12 (Cobalamin) Product Overview
14.9.3 BTSA Biotechnologias Aplicadas S.L. (Spain) Vitamin B12 (Cobalamin) Market Performance (2018-2023)
14.9.4 BTSA Biotechnologias Aplicadas S.L. (Spain) Business Overview
14.10 Rabar Pty Ltd (Australia)
14.10.1 Rabar Pty Ltd (Australia) Company Profile
14.10.2 Vitamin B12 (Cobalamin) Product Overview
14.10.3 Rabar Pty Ltd (Australia) Vitamin B12 (Cobalamin) Market Performance (2018-2023)
14.10.4 Rabar Pty Ltd (Australia) Business Overview
14.11 Cargill, Incorporated (U.S.)
14.11.1 Cargill, Incorporated (U.S.) Company Profile
14.11.2 Vitamin B12 (Cobalamin) Product Overview
14.11.3 Cargill, Incorporated (U.S.) Vitamin B12 (Cobalamin) Market Performance (2018-2023)
14.11.4 Cargill, Incorporated (U.S.) Business Overview
15 Research Findings and Conclusion
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
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Market Position of Top Company |
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
Market Segments(by Application, by Type) |
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Total Market |
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