Forecast: Import of Vitamin B12 to India

The import of Vitamin B12 to India is forecasted to increase steadily from 37.39 thousand kilograms in 2024 to 43.12 thousand kilograms in 2028. In 2023, the imports registered approximately 36.00 thousand kilograms. The year-on-year growth from 2024 to 2028 indicates a consistent upward trajectory, suggesting a healthy demand for Vitamin B12. The Compound Annual Growth Rate (CAGR) over this five-year period illustrates a robust average annual growth, underscoring a strong trend.

Future trends to watch for include:

  • Potential changes in dietary habits and increased awareness of health benefits leading to higher demand.
  • Possible influences from policy changes or trade regulations impacting import volumes and sourcing.
  • Technological advancements in food production potentially reducing the need for imports.

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