The global cyanocobalamin spray market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Cyanocobalamin is defined as a vitamin found in foods of animal origin such as liver, fish, and eggs, a deficiency of which can cause pernicious anemia. B12 supports the body's ability to reduce the onset of fatigue and increase concentration levels as well as contribute to normal metabolism. It contains a cyanide group bonded to the central cobalt atom of a cobalamin molecule. Cyanocobalamin oral spray is specifically made to deliver vitamin B12 directly through the mouth. The tiny droplets absorb quickly, providing quick nutrient uptake. The growing adoption of spray is attributed to its minimally invasive property as compared to other forms of vitamin delivery, such as injection.

The market growth is majorly attributed to the increasing prevalence of paranoia, depression and bipolarity, and memory loss which are a result of deficiency of cyanocobalamin. Thus, in order to avoid the prevalence of such medical conditions among people, the demand for cyanocobalamin sprays is likely to grow, thereby boosting the global cyanocobalamin spray market. Another key trend observed in the market includes the growing adoption of a vegan diet. Although veganism and the trend of vegetarian food have vastly affected the socioeconomics, it has also led to the lack of specific nutrients, such as nutrient B12 among the affected population. It is due to cyanocobalamin being the manufactured type of nutrient B12, whose deficiency may cause anemia (as nutrient B12 supports the development of red platelets in the bone marrow). To supplement this lack, cyanocobalamin sprays are adopted as effective sources to meet the insufficiency of vitamin B12

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028

Segment Covered- 

• By Type
• By Application

Regions covered-

• North America
• Europe
• Asia-Pacific
• Rest of the World

Competitive Landscape: Sanofi S.A., and Bristol-Myers Squibb Co., among others.

Key questions addressed by the report

What is the market growth rate?

Which segment and region dominate the market in the base year?

Which segment and region will project the fastest growth in the market?

How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?

How are players addressing challenges to sustain growth?

Where is the investment opportunity?

Global Cyanocobalamin Spray Market Report by Segment

By Type

Vitamins

Supplements

By Application

Hospitals

Clinics

Others

Global Cyanocobalamin Spray Market Report by Region

North America       

US

Canada

Europe

Germany

UK

France

Spain

Italy

Rest of Europe

Asia-Pacific    

China

Japan

India

Rest of Asia-Pacific

Rest of the World

Latin America

Middle East and Africa