| Product Code: ETC5329978 | 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 |
In 2024, Belgium continued to see a high concentration of Vitamin B12 imports, with Metropolitan France, Netherlands, Germany, Spain, and China emerging as the top exporting countries. The high Herfindahl-Hirschman Index (HHI) indicates significant market concentration. The Compound Annual Growth Rate (CAGR) from 2020 to 2024 was an impressive 50.0%, showcasing a strong upward trend in demand. The growth rate from 2023 to 2024 spiked to 174.67%, underscoring the rapid expansion of the market for Vitamin B12 imports in Belgium.

The Belgium Vitamin B12 Market involves the production and distribution of vitamin B12 supplements and fortified foods. This market supports health and wellness by addressing dietary deficiencies.
The vitamin B12 market in Belgium is influenced by the growing awareness of its importance for health and wellness. Vitamin B12 is essential for nerve function, red blood cell formation, and DNA synthesis. The increasing prevalence of vitamin B12 deficiency, the rise in health-conscious consumers, and the growing demand for dietary supplements drive the market. Additionally, advancements in supplement formulations and the expansion of distribution channels contribute to market growth.
Challenges in the Belgium Vitamin B12 Market include ensuring consistent quality and potency of supplements and fortified foods. Addressing the high costs of production and the need for sustainable and ethical sourcing practices are significant hurdles. Additionally, the market must navigate regulatory complexities and meet the growing demand for vegan and vegetarian-friendly products.
Government policies in Belgium regulate the vitamin B12 market to ensure product safety and quality. Regulations require manufacturers to adhere to strict standards in the production, labeling, and distribution of vitamin B12 supplements, promoting consumer health and safety.
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 Belgium Vitamin B12 Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Vitamin B12 Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Vitamin B12 Market - Industry Life Cycle |
3.4 Belgium Vitamin B12 Market - Porter's Five Forces |
3.5 Belgium Vitamin B12 Market Revenues & Volume Share, By Dosage Form, 2021 & 2031F |
3.6 Belgium Vitamin B12 Market Revenues & Volume Share, By Route of Administration, 2021 & 2031F |
3.7 Belgium Vitamin B12 Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Belgium 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 |
4.2.2 Growing trend of vegan and vegetarian diets leading to higher demand for vitamin B12 supplements |
4.2.3 Rising prevalence of vitamin B12 deficiency among the population |
4.3 Market Restraints |
4.3.1 Stringent regulations and approvals required for launching new vitamin B12 products |
4.3.2 Limited availability of vitamin B12 fortified foods in the market |
5 Belgium Vitamin B12 Market Trends |
6 Belgium Vitamin B12 Market Segmentations |
6.1 Belgium Vitamin B12 Market, By Dosage Form |
6.1.1 Overview and Analysis |
6.1.2 Belgium Vitamin B12 Market Revenues & Volume, By Syrups, 2021-2031F |
6.1.3 Belgium Vitamin B12 Market Revenues & Volume, By Injection, 2021-2031F |
6.1.4 Belgium Vitamin B12 Market Revenues & Volume, By Tablets, 2021-2031F |
6.1.5 Belgium Vitamin B12 Market Revenues & Volume, By Powder, 2021-2031F |
6.1.6 Belgium Vitamin B12 Market Revenues & Volume, By Nasal Spray, 2021-2031F |
6.2 Belgium Vitamin B12 Market, By Route of Administration |
6.2.1 Overview and Analysis |
6.2.2 Belgium Vitamin B12 Market Revenues & Volume, By Oral, 2021-2031F |
6.2.3 Belgium Vitamin B12 Market Revenues & Volume, By Intravenous, 2021-2031F |
6.2.4 Belgium Vitamin B12 Market Revenues & Volume, By Subcutaneous, 2021-2031F |
6.2.5 Belgium Vitamin B12 Market Revenues & Volume, By Nasal, 2021-2031F |
6.3 Belgium Vitamin B12 Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Belgium Vitamin B12 Market Revenues & Volume, By Hospital Pharmacy, 2021-2031F |
6.3.3 Belgium Vitamin B12 Market Revenues & Volume, By Retail Pharmacy, 2021-2031F |
6.3.4 Belgium Vitamin B12 Market Revenues & Volume, By Online Pharmacy, 2021-2031F |
7 Belgium Vitamin B12 Market Import-Export Trade Statistics |
7.1 Belgium Vitamin B12 Market Export to Major Countries |
7.2 Belgium Vitamin B12 Market Imports from Major Countries |
8 Belgium Vitamin B12 Market Key Performance Indicators |
8.1 Percentage increase in the number of vegan and vegetarian individuals in Belgium |
8.2 Number of reported cases of vitamin B12 deficiency in the population |
8.3 Growth rate of online searches for vitamin B12 supplements in Belgium |
8.4 Number of new product launches in the vitamin B12 market in Belgium |
8.5 Percentage increase in the sales of vitamin B12 supplements in pharmacies and health stores |
9 Belgium Vitamin B12 Market - Opportunity Assessment |
9.1 Belgium Vitamin B12 Market Opportunity Assessment, By Dosage Form, 2021 & 2031F |
9.2 Belgium Vitamin B12 Market Opportunity Assessment, By Route of Administration, 2021 & 2031F |
9.3 Belgium Vitamin B12 Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Belgium Vitamin B12 Market - Competitive Landscape |
10.1 Belgium Vitamin B12 Market Revenue Share, By Companies, 2024 |
10.2 Belgium Vitamin B12 Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |