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The global market for cyanocobalamin injection is expected to rise from USD 192 million in 2022 to USD 1,749.7 million in 2032, at a compound annual growth rate (CAGR) of 4.4%. Vitamin B12 is synthesized as cyanocobalamin. Pure vegan goods have a lower concentration of vitamin B12, which contributes to the deficit and increases the risk of anemia in vegans as vitamin B12 is necessary for the maturation of red blood cells in the bone marrow.
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