Riboflavin Market

Riboflavin is a type of vitamin B. It is synthesized by microorganisms. In the past, it was made by microorganisms that had a high rate of overproduction. The human body can synthesize riboflavin in small amounts in the gut but cannot make enough to fulfill its nutritional requirements. It is one of the components of coenzymes that aid in cell growth and energy production. It also contributes to the breakdown of fats, steroids, and medications. Excess dietary riboflavin is excreted in urine.

Market Dynamics:

Growing demand from fortified food &beverage and wide-application of riboflavin are driving growth of the riboflavin market. Moreover, increasing for plant-based food and beverages is again anticipated to foster market growth. Furthermore, expanding scope in pet food supplements is further anticipated to foster market growth.

On the contrary, high price and low stability on exposure to humidity are key factors expected to restrict the market growth.

Key features of the study:

• This report provides in-depth analysis of the global riboflavin market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global riboflavin market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include BASF SE, Koninklijke DSM NV, Shanghai Acebright Pharmaceuticals Group Co. Ltd, Xinfa Pharmaceutical Co. Ltd, Hubei Guangji Pharmaceutical Co. Ltd, NB Group Co. Ltd, Hegno, Legend Industries, and Hebei Shengxue dacheng Pharmaceutical Co. Ltd
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global riboflavin market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global riboflavin market

Detailed Segmentation:

• Global Riboflavin Market, By Source:
• • Chemical Synthesis
  • Fermentation
• Global Riboflavin Market, By Form:
• • Powder
  • Liquid
• Global Riboflavin Market, By Application:
• • Food and Beverages
  • Dietary Supplements
  • Pharmaceutical
  • Animal Feed
  • Personal Care
  • Other Applications
• Global Riboflavin Market, By Geography:
• • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa