| Product Code: ETC5330010 | 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 |
Finland`s import of Vitamin B12 saw a notable increase in 2024, with top exporters being Netherlands, China, Switzerland, Estonia, and Metropolitan France. Despite a decrease in Herfindahl-Hirschman Index (HHI) concentration from very high to high in 2024, the Compound Annual Growth Rate (CAGR) from 2020 to 2024 remained steady at 1.31%. The growth rate from 2023 to 2024 surged to 5.56%, indicating a growing demand for Vitamin B12 in Finland. This trend suggests a positive outlook for the market and potential opportunities for further expansion in the upcoming years.

The vitamin B12 market in Finland is growing due to increased awareness of its health benefits. Supplements and fortified foods are in demand, particularly among vegan and vegetarian populations seeking to address dietary deficiencies.
The Finland Vitamin B12 Market is growing due to the increasing awareness of the health benefits of vitamin B12, particularly in supporting the nervous system and maintaining energy levels. The rising prevalence of vitamin B12 deficiencies, especially in aging populations and those following plant-based diets, is driving the demand for supplements and fortified products. Furthermore, the expanding health and wellness trend, as well as increased focus on preventive healthcare, is contributing to market growth. The availability of vitamin B12 in various forms, such as oral tablets, injections, and fortified foods, is also expanding consumer access.
Challenges in Finland`s vitamin B12 market include high production costs and dependency on imports. Limited consumer awareness about its benefits and competition from multivitamin products further impact market penetration.
The Vitamin B12 market in Finland is guided by healthcare regulations that focus on public health and nutrition. Finnish government policies support the consumption of essential vitamins like B12 through educational programs and the promotion of fortified foods. Regulatory frameworks also ensure the quality and safety of vitamin supplements and fortified products available in the market. The Finnish healthcare systems emphasis on preventative care and the growing awareness of vitamin deficiencies contribute to the steady demand for Vitamin B12 products in the country.
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 Finland Vitamin B12 Market Overview |
3.1 Finland Country Macro Economic Indicators |
3.2 Finland Vitamin B12 Market Revenues & Volume, 2021 & 2031F |
3.3 Finland Vitamin B12 Market - Industry Life Cycle |
3.4 Finland Vitamin B12 Market - Porter's Five Forces |
3.5 Finland Vitamin B12 Market Revenues & Volume Share, By Dosage Form, 2021 & 2031F |
3.6 Finland Vitamin B12 Market Revenues & Volume Share, By Route of Administration, 2021 & 2031F |
3.7 Finland Vitamin B12 Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Finland 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 and well-being |
4.2.2 Growing aging population in Finland leading to higher demand for Vitamin B12 supplements |
4.2.3 Rising trend of vegan and vegetarian diets, which often lack Vitamin B12, driving the need for supplementation |
4.3 Market Restraints |
4.3.1 Regulatory challenges and strict guidelines for supplement manufacturers in Finland |
4.3.2 Competition from alternative sources of Vitamin B12, such as fortified foods |
4.3.3 Economic uncertainties impacting consumer spending on healthcare and supplements |
5 Finland Vitamin B12 Market Trends |
6 Finland Vitamin B12 Market Segmentations |
6.1 Finland Vitamin B12 Market, By Dosage Form |
6.1.1 Overview and Analysis |
6.1.2 Finland Vitamin B12 Market Revenues & Volume, By Syrups, 2021-2031F |
6.1.3 Finland Vitamin B12 Market Revenues & Volume, By Injection, 2021-2031F |
6.1.4 Finland Vitamin B12 Market Revenues & Volume, By Tablets, 2021-2031F |
6.1.5 Finland Vitamin B12 Market Revenues & Volume, By Powder, 2021-2031F |
6.1.6 Finland Vitamin B12 Market Revenues & Volume, By Nasal Spray, 2021-2031F |
6.2 Finland Vitamin B12 Market, By Route of Administration |
6.2.1 Overview and Analysis |
6.2.2 Finland Vitamin B12 Market Revenues & Volume, By Oral, 2021-2031F |
6.2.3 Finland Vitamin B12 Market Revenues & Volume, By Intravenous, 2021-2031F |
6.2.4 Finland Vitamin B12 Market Revenues & Volume, By Subcutaneous, 2021-2031F |
6.2.5 Finland Vitamin B12 Market Revenues & Volume, By Nasal, 2021-2031F |
6.3 Finland Vitamin B12 Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Finland Vitamin B12 Market Revenues & Volume, By Hospital Pharmacy, 2021-2031F |
6.3.3 Finland Vitamin B12 Market Revenues & Volume, By Retail Pharmacy, 2021-2031F |
6.3.4 Finland Vitamin B12 Market Revenues & Volume, By Online Pharmacy, 2021-2031F |
7 Finland Vitamin B12 Market Import-Export Trade Statistics |
7.1 Finland Vitamin B12 Market Export to Major Countries |
7.2 Finland Vitamin B12 Market Imports from Major Countries |
8 Finland Vitamin B12 Market Key Performance Indicators |
8.1 Percentage increase in the number of health and wellness campaigns promoting the benefits of Vitamin B12 |
8.2 Growth in the number of healthcare providers recommending Vitamin B12 supplements |
8.3 Percentage of the population following vegan or vegetarian diets in Finland |
9 Finland Vitamin B12 Market - Opportunity Assessment |
9.1 Finland Vitamin B12 Market Opportunity Assessment, By Dosage Form, 2021 & 2031F |
9.2 Finland Vitamin B12 Market Opportunity Assessment, By Route of Administration, 2021 & 2031F |
9.3 Finland Vitamin B12 Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Finland Vitamin B12 Market - Competitive Landscape |
10.1 Finland Vitamin B12 Market Revenue Share, By Companies, 2024 |
10.2 Finland Vitamin B12 Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |