The Global Riboflavin Vitamin B Market is estimated to grow at a CAGR of 5.1% during the forecast period. Vitamin B2 (riboflavin) is one of the eight B vitamins. All B vitamins aid in the conversion of food (carbohydrates) to fuel (glucose), which is used to generate energy in the body. These B vitamins, commonly known as B-complex vitamins, help in the metabolism of fats and proteins in the body. B vitamins are essential for maintaining a healthy liver, skin, hair, and eyes. They also support in the healthy functioning of the nervous system. Riboflavin serves as an antioxidant, countering harmful particles in the body known as free radicals, in addition to producing energy to the body. Free radicals can harm cells and DNA, and they may play a role in the ageing process as well as the development of diseases including heart disease and cancer. Antioxidants like riboflavin can fight against free radicals and can help prevent or minimize some of the harm they cause.
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Because of its multi-utility, riboflavin is widely utilized in various sectors of the market around the globe, which drives the market for riboflavin infused supplements. Due to the increased vitamin insufficiency present in most people and infants, riboflavin is taken. Riboflavin is also utilised as a colouring and strengthening agent in a variety of processed foods, in addition to providing nutrition. As a growth enhancer, riboflavin is also significant in the animal feed sector. Riboflavin is promoted in cosmetic products, since it has a high collagen content and is used to nourish the skin and hair.
Riboflavin is in high demand around the world because vitamins and minerals are used as active ingredients in food processing, dietary supplements, and the chemical and cosmetic industries. As the worldwide vitamin market grows, key inventors and manufacturers are exhibiting an increased interest in riboflavin, which will probably boost the Riboflavin Vitamin B Market.
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Market Coverage
- Segments Covered
o By Product type
o By End User
- Regions Covered
o North America
o Europe
o Asia-Pacific
o Rest of the world
- Competitive Landscape: DSM, BASF, Hubei Guangji Pharmaceutical, Acebright Pharmaceuticals Group, Shanxi jixiang biological engineering among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Riboflavin Vitamin B Market Segmentation,
By Product Type
- Feed Grade
- Food Grade
- Pharma Grade
By End Users
- Animal Feeding
- Food Additives
- Health Supplements
- Pharma and Others
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