The import of Vitamin B12 to the UK has demonstrated significant fluctuations over the past decade. The value stood at 1534.0 thousand kilograms in 2023, reflecting a 4.8% year-on-year increase. The compound annual growth rate (CAGR) over the past five years is approximately 1.98%. Post-2016, the volume surged notably, particularly between 2018 and 2021, showing a considerable upward trajectory.
Future forecasts project a steady increase, with an expected value of 1871.8 thousand kilograms by 2028 and a 5-year CAGR of 3.01%. This signifies a growth of 16% over the forecast period.
Future trends to watch for:
- Advancements in health supplements and nutraceutical markets.
- Regulatory changes affecting import policies.
- Consumer health awareness and lifestyle changes impacting supplement demand.
