| Product Code: ETC5330007 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Despite a slight decline in growth rate in 2024, Estonia`s import of Vitamin B12 continues to show strong overall growth with a CAGR of 8.73% from 2020 to 2024. The top exporting countries to Estonia for this product include Finland, Netherlands, Sweden, China, and Spain, indicating a diverse source of suppliers. However, the high concentration of the Herfindahl-Hirschman Index (HHI) suggests that the market remains dominated by a few key players, highlighting potential challenges for new entrants in the industry.

The vitamin B12 market in Estonia is growing due to the increasing awareness of the importance of this essential nutrient for overall health. Vitamin B12 is crucial for nerve function, red blood cell production, and DNA synthesis, and its deficiency can lead to serious health issues. As the population becomes more health-conscious, there is a rising demand for vitamin B12 supplements in Estonia, particularly among older adults and individuals following plant-based diets. The market is supported by the growing health and wellness trend, as well as increased availability of B12 supplements in various forms such as tablets, capsules, and fortified foods.
The Estonia vitamin B12 market experiences growth due to increasing awareness of dietary deficiencies and the rising vegan and vegetarian populations. Its use in dietary supplements and fortified foods propels demand.
The Estonia Vitamin B12 Market grapples with issues such as limited natural sources of the vitamin, which drives up production costs. Regulatory challenges and the need for extensive testing to ensure product safety and efficacy further complicate market growth.
Estonias policy in the vitamin B12 market is part of its broader strategy to promote public health and nutrition. The government supports the availability of vitamin B12 supplements and fortified foods to address potential deficiencies, particularly in vulnerable populations such as the elderly and those with dietary restrictions. Policies focus on ensuring the safety and efficacy of vitamin B12 products, with regulations in place to meet EU food safety standards. Estonia also promotes research into the health benefits of vitamin B12 and its role in disease prevention, particularly in relation to cognitive 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 Estonia Vitamin B12 Market Overview |
3.1 Estonia Country Macro Economic Indicators |
3.2 Estonia Vitamin B12 Market Revenues & Volume, 2021 & 2031F |
3.3 Estonia Vitamin B12 Market - Industry Life Cycle |
3.4 Estonia Vitamin B12 Market - Porter's Five Forces |
3.5 Estonia Vitamin B12 Market Revenues & Volume Share, By Dosage Form, 2021 & 2031F |
3.6 Estonia Vitamin B12 Market Revenues & Volume Share, By Route of Administration, 2021 & 2031F |
3.7 Estonia Vitamin B12 Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Estonia 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 emphasis on vegan and vegetarian diets, leading to higher demand for Vitamin B12 supplements |
4.2.3 Aging population in Estonia with a focus on health and wellness |
4.3 Market Restraints |
4.3.1 Limited availability of Vitamin B12-fortified foods in the market |
4.3.2 Lack of knowledge about Vitamin B12 deficiency and its symptoms among the general population |
5 Estonia Vitamin B12 Market Trends |
6 Estonia Vitamin B12 Market Segmentations |
6.1 Estonia Vitamin B12 Market, By Dosage Form |
6.1.1 Overview and Analysis |
6.1.2 Estonia Vitamin B12 Market Revenues & Volume, By Syrups, 2021-2031F |
6.1.3 Estonia Vitamin B12 Market Revenues & Volume, By Injection, 2021-2031F |
6.1.4 Estonia Vitamin B12 Market Revenues & Volume, By Tablets, 2021-2031F |
6.1.5 Estonia Vitamin B12 Market Revenues & Volume, By Powder, 2021-2031F |
6.1.6 Estonia Vitamin B12 Market Revenues & Volume, By Nasal Spray, 2021-2031F |
6.2 Estonia Vitamin B12 Market, By Route of Administration |
6.2.1 Overview and Analysis |
6.2.2 Estonia Vitamin B12 Market Revenues & Volume, By Oral, 2021-2031F |
6.2.3 Estonia Vitamin B12 Market Revenues & Volume, By Intravenous, 2021-2031F |
6.2.4 Estonia Vitamin B12 Market Revenues & Volume, By Subcutaneous, 2021-2031F |
6.2.5 Estonia Vitamin B12 Market Revenues & Volume, By Nasal, 2021-2031F |
6.3 Estonia Vitamin B12 Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Estonia Vitamin B12 Market Revenues & Volume, By Hospital Pharmacy, 2021-2031F |
6.3.3 Estonia Vitamin B12 Market Revenues & Volume, By Retail Pharmacy, 2021-2031F |
6.3.4 Estonia Vitamin B12 Market Revenues & Volume, By Online Pharmacy, 2021-2031F |
7 Estonia Vitamin B12 Market Import-Export Trade Statistics |
7.1 Estonia Vitamin B12 Market Export to Major Countries |
7.2 Estonia Vitamin B12 Market Imports from Major Countries |
8 Estonia Vitamin B12 Market Key Performance Indicators |
8.1 Percentage increase in the number of health and wellness blogs/articles mentioning Vitamin B12 |
8.2 Number of new vegan/vegetarian restaurants or products in the market |
8.3 Growth in the sales of Vitamin B12 supplements in pharmacies |
9 Estonia Vitamin B12 Market - Opportunity Assessment |
9.1 Estonia Vitamin B12 Market Opportunity Assessment, By Dosage Form, 2021 & 2031F |
9.2 Estonia Vitamin B12 Market Opportunity Assessment, By Route of Administration, 2021 & 2031F |
9.3 Estonia Vitamin B12 Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Estonia Vitamin B12 Market - Competitive Landscape |
10.1 Estonia Vitamin B12 Market Revenue Share, By Companies, 2024 |
10.2 Estonia Vitamin B12 Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |