Cyanocobalamin Market Size, Status, Analysis and Forecast 2027

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Cyanocobalamin Market Size, Status, Analysis and Forecast 2027
Cyanocobalamin Market Size – USD 152.1 Million in 2018, Market Growth - CAGR of 3.6%, Market Trends – Rising trend of veganism.

freePRnow.com, 6/10/2021 - The global Cyanocobalamin Market is forecast to reach USD 210.4 Billion by 2027, according to a new report by Reports and Data. Cyanocobalamin drugs are used to treat and prevent the lack of vitamin B12 that may be caused by due to pernicious anemia, certain infections, diseases, or medications that reduce the level of Vitamin B12 absorbed from food; or a vegan diet.

An increase in the health consciousness among the consumers has boosted the demand for veganism, which has boosted the demand for vegan food among the population. A significant increase in the vegan population has increased the deficiency of certain vitamins, such as Vitamin B12. The deficiency of vitamin B12 in pure vegan products is driving the demand for the product. Cyanocobalamin is the synthetic form of vitamin B12.

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Key participants Apotheca Inc., Merck KGaA, Charkit Chemical Company LLC, Johnlee Pharmaceuticals Pvt. Ltd., American Regent, Inc., Koninklijke DSM N.V., Chemkart, Bristol-Myers Squibb, Sanofi-Aventis, and Pfizer, among others.

For the purpose of this report, Reports and Data have segmented into the global Cyanocobalamin market on the basis of grade, form, end-use, distribution channel, and region:

Grade Outlook (Revenue, USD Million; 2016-2027)

• Food Grade

• Pharmaceutical Grade

Form Outlook (Revenue, USD Million; 2016-2027)

• Powder

• Liquid

• Capsule

• Tablets

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End-Use Outlook (Revenue, USD Million; 2016-2027)

• Food Industry

• Nutraceuticals

• Pharmaceutical

• Dietary Supplements

Distribution Channel Outlook (Revenue, USD Million; 2016-2027)

• Online Retailing

• Store-based Retailing

Regional Outlook (Revenue, USD Million; 2016-2027)

• North America

• Europe

• Asia Pacific

• MEA

• Latin America

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Key questions addressed in the report are:

• What is the estimated market size and share in the forecast period?

• What are the key driving factors of the Global Cyanocobalamin market?

• What are the risks and challenges the companies will have to face in the forecast period?

• What are the emerging trends, and how will they influence market growth?

• What are the opportunities for expansion of the global Cyanocobalamin market?

• Which region is expected to dominate the market during the forecast period?

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