Global Vitamin B12 demand pushes Methylcobalamin market growth

Global Vitamin B12 demand pushes Methylcobalamin market growth

The global Methylcobalamin (Vitamin B12) market, valued at $194.3 million in 2023, is projected to grow to $346.6 million by 2032, at a CAGR of 6.8 per cent. This rapid growth is fueled by increasing awareness of B12 deficiency, particularly among vegetarian and vegan populations, and the rising adoption of such medicinal supplements to support neurological health, red blood cell production, and energy metabolism.