| Product Code: ETC5329976 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Barbados saw significant growth in its import of Vitamin B12 in 2024, with top exporting countries being the USA, Canada, Mexico, Dominican Republic, and the UK. The High Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 79.9%, with a notable growth rate of 90.89% from 2023 to 2024. This data suggests a strong and rapidly expanding market for Vitamin B12 imports in Barbados, driven by demand and trade relationships with key exporting nations.

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 Barbados Vitamin B12 Market Overview |
3.1 Barbados Country Macro Economic Indicators |
3.2 Barbados Vitamin B12 Market Revenues & Volume, 2021 & 2031F |
3.3 Barbados Vitamin B12 Market - Industry Life Cycle |
3.4 Barbados Vitamin B12 Market - Porter's Five Forces |
3.5 Barbados Vitamin B12 Market Revenues & Volume Share, By Dosage Form, 2021 & 2031F |
3.6 Barbados Vitamin B12 Market Revenues & Volume Share, By Route of Administration, 2021 & 2031F |
3.7 Barbados Vitamin B12 Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Barbados Vitamin B12 Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the health benefits of Vitamin B12 |
4.2.2 Rising adoption of vegan and vegetarian diets leading to higher demand for Vitamin B12 supplements |
4.2.3 Growing aging population in Barbados requiring Vitamin B12 for overall health |
4.3 Market Restraints |
4.3.1 Price fluctuations of raw materials impacting product pricing |
4.3.2 Lack of availability of fortified foods containing Vitamin B12 in the market |
5 Barbados Vitamin B12 Market Trends |
6 Barbados Vitamin B12 Market Segmentations |
6.1 Barbados Vitamin B12 Market, By Dosage Form |
6.1.1 Overview and Analysis |
6.1.2 Barbados Vitamin B12 Market Revenues & Volume, By Syrups, 2021-2031F |
6.1.3 Barbados Vitamin B12 Market Revenues & Volume, By Injection, 2021-2031F |
6.1.4 Barbados Vitamin B12 Market Revenues & Volume, By Tablets, 2021-2031F |
6.1.5 Barbados Vitamin B12 Market Revenues & Volume, By Powder, 2021-2031F |
6.1.6 Barbados Vitamin B12 Market Revenues & Volume, By Nasal Spray, 2021-2031F |
6.2 Barbados Vitamin B12 Market, By Route of Administration |
6.2.1 Overview and Analysis |
6.2.2 Barbados Vitamin B12 Market Revenues & Volume, By Oral, 2021-2031F |
6.2.3 Barbados Vitamin B12 Market Revenues & Volume, By Intravenous, 2021-2031F |
6.2.4 Barbados Vitamin B12 Market Revenues & Volume, By Subcutaneous, 2021-2031F |
6.2.5 Barbados Vitamin B12 Market Revenues & Volume, By Nasal, 2021-2031F |
6.3 Barbados Vitamin B12 Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Barbados Vitamin B12 Market Revenues & Volume, By Hospital Pharmacy, 2021-2031F |
6.3.3 Barbados Vitamin B12 Market Revenues & Volume, By Retail Pharmacy, 2021-2031F |
6.3.4 Barbados Vitamin B12 Market Revenues & Volume, By Online Pharmacy, 2021-2031F |
7 Barbados Vitamin B12 Market Import-Export Trade Statistics |
7.1 Barbados Vitamin B12 Market Export to Major Countries |
7.2 Barbados Vitamin B12 Market Imports from Major Countries |
8 Barbados Vitamin B12 Market Key Performance Indicators |
8.1 Number of health and wellness campaigns promoting the benefits of Vitamin B12 |
8.2 Percentage of population following vegan or vegetarian diets in Barbados |
8.3 Average age of the population in Barbados |
8.4 Availability of raw materials for Vitamin B12 production |
8.5 Number of new product launches in the Vitamin B12 market in Barbados |
9 Barbados Vitamin B12 Market - Opportunity Assessment |
9.1 Barbados Vitamin B12 Market Opportunity Assessment, By Dosage Form, 2021 & 2031F |
9.2 Barbados Vitamin B12 Market Opportunity Assessment, By Route of Administration, 2021 & 2031F |
9.3 Barbados Vitamin B12 Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Barbados Vitamin B12 Market - Competitive Landscape |
10.1 Barbados Vitamin B12 Market Revenue Share, By Companies, 2024 |
10.2 Barbados Vitamin B12 Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |