The significant increase in the need for vitamin B12 is due to the increase in the number of people following a vegan or vegetarian diet. Since plants do not naturally produce vitamin B12, vegans and vegetarians are more likely to be deficient in vitamin B12, which can lead to anemia, fatigue, and mood changes, and vitamin B12 deficiency is also associated with obesity.
Doctors often prescribe vitamin B12 supplements to patients with cancer, HIV, digestive disorders, and pregnant women to boost their immunity and meet their daily vitamin B12 requirement.
Vitamin B12 supplement manufacturers invest heavily in research and development to provide a better product than their competitors. As the demand for vitamin B12 supplements increases every year, companies are expanding production and capacity to produce more products.
Vitamin B12 companies around the world are currently engaged in research and development to produce higher quality supplements and are investing heavily in modern manufacturing facilities to meet global demand.
Persistence Market Research provides an unbiased analysis of the Vitamin B12 market in its new offering, providing historical market data (2018-2022) and forward-looking statistics for the period 2023-2033.