| Product Code: ETC5329972 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Antigua and Barbuda`s import shipments of Vitamin B12 saw significant growth in 2024, with top exporting countries being the UK, Turkey, and the USA. The market concentration, as measured by the HHI, remained very high, indicating a strong dominance of these key players. The impressive compound annual growth rate (CAGR) from 2020 to 2024 at 82.44% highlights the increasing demand for Vitamin B12 in the region. Furthermore, the remarkable growth rate of 197.56% from 2023 to 2024 suggests a rapidly expanding market for this essential nutrient in Antigua and Barbuda.

The vitamin B12 market in Antigua and Barbuda focuses on the supply and demand for this essential nutrient, which is vital for nerve function and red blood cell production. The market is driven by increasing awareness of nutritional deficiencies and the growing consumption of dietary supplements. Key challenges include ensuring product quality and addressing supply chain issues. Growth in the market is supported by rising health consciousness among consumers and the availability of vitamin B12 in various forms such as tablets, capsules, and fortified foods.
The Antigua and Barbuda Vitamin B12 Market is driven by the growing awareness of the health benefits associated with adequate vitamin B12 intake. As the population becomes more health-conscious, there is an increasing demand for vitamin B12 supplements to support energy levels, cognitive function, and overall well-being. The rise in dietary preferences that may lead to vitamin B12 deficiencies, such as vegetarian and vegan diets, is also contributing to market growth. Additionally, advancements in supplement formulations and the availability of vitamin B12 in various forms, such as tablets, capsules, and liquid solutions, are driving consumer adoption.
The vitamin B12 market in Antigua and Barbuda faces challenges such as limited local production and a dependence on imports, which can lead to supply chain disruptions and higher costs. There is also a lack of awareness about the importance of vitamin B12 supplementation among the general population, impacting market demand. Additionally, regulatory challenges and the need for quality assurance and compliance with health standards can affect market growth.
Antigua and Barbuda`s government regulates the Vitamin B12 market through health and safety regulations to ensure the quality and efficacy of dietary supplements. Policies include adherence to international standards for nutritional supplements and enforcement of labeling requirements. The government also promotes public health initiatives that include the use of essential vitamins, aiming to address deficiencies and improve overall health.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Antigua and Barbuda Vitamin B12 Market Overview |
3.1 Antigua and Barbuda Country Macro Economic Indicators |
3.2 Antigua and Barbuda Vitamin B12 Market Revenues & Volume, 2021 & 2031F |
3.3 Antigua and Barbuda Vitamin B12 Market - Industry Life Cycle |
3.4 Antigua and Barbuda Vitamin B12 Market - Porter's Five Forces |
3.5 Antigua and Barbuda Vitamin B12 Market Revenues & Volume Share, By Dosage Form, 2021 & 2031F |
3.6 Antigua and Barbuda Vitamin B12 Market Revenues & Volume Share, By Route of Administration, 2021 & 2031F |
3.7 Antigua and Barbuda Vitamin B12 Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Antigua and Barbuda Vitamin B12 Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the importance of Vitamin B12 for overall health in Antigua and Barbuda |
4.2.2 Growing aging population in Antigua and Barbuda, leading to higher demand for Vitamin B12 supplements |
4.2.3 Rise in disposable income and changing lifestyles, encouraging consumers to invest in health and wellness products |
4.3 Market Restraints |
4.3.1 Limited availability of Vitamin B12 fortified foods and supplements in Antigua and Barbuda |
4.3.2 Lack of education and understanding among the population about the benefits of Vitamin B12 |
4.3.3 Price sensitivity among consumers hindering the adoption of premium Vitamin B12 products |
5 Antigua and Barbuda Vitamin B12 Market Trends |
6 Antigua and Barbuda Vitamin B12 Market Segmentations |
6.1 Antigua and Barbuda Vitamin B12 Market, By Dosage Form |
6.1.1 Overview and Analysis |
6.1.2 Antigua and Barbuda Vitamin B12 Market Revenues & Volume, By Syrups, 2021-2031F |
6.1.3 Antigua and Barbuda Vitamin B12 Market Revenues & Volume, By Injection, 2021-2031F |
6.1.4 Antigua and Barbuda Vitamin B12 Market Revenues & Volume, By Tablets, 2021-2031F |
6.1.5 Antigua and Barbuda Vitamin B12 Market Revenues & Volume, By Powder, 2021-2031F |
6.1.6 Antigua and Barbuda Vitamin B12 Market Revenues & Volume, By Nasal Spray, 2021-2031F |
6.2 Antigua and Barbuda Vitamin B12 Market, By Route of Administration |
6.2.1 Overview and Analysis |
6.2.2 Antigua and Barbuda Vitamin B12 Market Revenues & Volume, By Oral, 2021-2031F |
6.2.3 Antigua and Barbuda Vitamin B12 Market Revenues & Volume, By Intravenous, 2021-2031F |
6.2.4 Antigua and Barbuda Vitamin B12 Market Revenues & Volume, By Subcutaneous, 2021-2031F |
6.2.5 Antigua and Barbuda Vitamin B12 Market Revenues & Volume, By Nasal, 2021-2031F |
6.3 Antigua and Barbuda Vitamin B12 Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Antigua and Barbuda Vitamin B12 Market Revenues & Volume, By Hospital Pharmacy, 2021-2031F |
6.3.3 Antigua and Barbuda Vitamin B12 Market Revenues & Volume, By Retail Pharmacy, 2021-2031F |
6.3.4 Antigua and Barbuda Vitamin B12 Market Revenues & Volume, By Online Pharmacy, 2021-2031F |
7 Antigua and Barbuda Vitamin B12 Market Import-Export Trade Statistics |
7.1 Antigua and Barbuda Vitamin B12 Market Export to Major Countries |
7.2 Antigua and Barbuda Vitamin B12 Market Imports from Major Countries |
8 Antigua and Barbuda Vitamin B12 Market Key Performance Indicators |
8.1 Percentage increase in the number of health and wellness stores offering Vitamin B12 products in Antigua and Barbuda |
8.2 Average monthly searches for Vitamin B12-related keywords on search engines in Antigua and Barbuda |
8.3 Percentage of healthcare professionals recommending Vitamin B12 supplementation to patients in Antigua and Barbuda |
9 Antigua and Barbuda Vitamin B12 Market - Opportunity Assessment |
9.1 Antigua and Barbuda Vitamin B12 Market Opportunity Assessment, By Dosage Form, 2021 & 2031F |
9.2 Antigua and Barbuda Vitamin B12 Market Opportunity Assessment, By Route of Administration, 2021 & 2031F |
9.3 Antigua and Barbuda Vitamin B12 Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Antigua and Barbuda Vitamin B12 Market - Competitive Landscape |
10.1 Antigua and Barbuda Vitamin B12 Market Revenue Share, By Companies, 2024 |
10.2 Antigua and Barbuda Vitamin B12 Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |