The global methylmalonic acid market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Methylmalonic acid (MMA) is a substance created by the human body when it digests protein. The amount of vitamin B12 in the body controls the production of MMA in the body. A high amount of MMA typically means a deficiency of vitamin B12.?The major factor driving the growth of the market during the forecast period is the growing cases of vitamin B12 deficiency.
According to the National Health and Nutrition Examination Survey (NHANES), approximately 6% of adults younger than 60 years have vitamin B12 deficiency in the US and the UK, however, the rate is closer to 20% in those older than 60. Additionally, vitamin B12 levels tend to drop, due to subnormal levels during pregnancy, however, they return to normal after delivery. Further, as per the same source, approximately 24% of men and 29% of women are using a dietary supplement containing vitamin B12 in 2017–2018. This, in turn, is accelerating the growth of the market.
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Some major players in the market include Thermo Fisher Scientific, Inc., and Cambridge Isotope Laboratories, Inc. (Eurisotop), among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in December 2021, OmegaQuant launched a new Vitamin B12 Test that comes with a sample collection kit that allows for testing at home. This simple, safe, convenient test measures a substance called methylmalonic acid (uMMA) in the urine, which is a more accurate way of detecting low B12 status.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
· By Type
· By Application
• Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
• Competitive Landscape-Thermo Fisher Scientific, Inc., and Cambridge Isotope Laboratories, Inc. (Eurisotop), among others.
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Global Methylmalonic Acid Market Report by Segment
By Type
• Purity Above 96%
• Purity Below 96%
• Purity 96%
By Application
• Vitamin B12 Deficiency Testing
• Clinical Analysis of Serum/Plasma
Global Methylmalonic Acid Market Report by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
· Latin America
· Middle East & Africa
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