Cyanocobalamin Spray Market to Signify Strong Growth by 2023-2029

Cyanocobalamin Spray Market is anticipated to grow at a significant CAGR during the forecast period. 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

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Market Coverage

The market number available for - 2021-2029
Base year- 2021
Forecast period- 2023-2029

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.

Cyanocobalamin Spray Market Report by Segment

By Type

Vitamins
Supplements

By Application

Hospitals
Clinics
Others

A full Report of Cyanocobalamin Spray Market is Available @   https://www.omrglobal.com/industry-reports/cyanocobalamin-spray-market

Cyanocobalamin Spray Market Report by Region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America 
Middle East & Africa

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