Market Overview:
The global riboflavin market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for riboflavin from the feed additives, food additives, and pharmaceutical & cosmetic industry segments. Riboflavin is used as a color additive in various food products and as a vitamin supplement in pharmaceuticals and cosmetics products. North America dominates the global riboflavin market, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.
Product Definition:
A water-soluble vitamin that occurs as a pale yellow substance in all living cells. Riboflavin is essential for the body to convert food into energy and helps maintain healthy skin, hair, eyes, and nails. It is also necessary for the production of red blood cells.
Content 80% Vitamin B2:
The content 80% vitamin B2, also known as riboflavin, is a vitamin found in the foods like meat and eggs. It is an essential nutrient for human consumption as it helps in various bodily functions like energy production and maintaining normal skin & hair. The global demand for food & beverages has been increasing over the past few years on account of growing population coupled with rising disposable income of individuals across different regions.
Content 80%~96% Vitamin B2:
The content 80%~96% vitamin B2 is used in the riboflavin market. Riboflavin or vitamin B2 is a yellowish liquid formed during the process of photosynthesis and found in all plants, certain microorganisms, and animals. It acts as an antioxidant and helps maintain normal body function by strengthening the immune system against disease-causing bacteria or viruses.
Application Insights:
The global riboflavin market is segmented by application into feed additives, food additives, pharmaceutical and cosmetic industry and others. Feed additives were the largest application segment in 2017. The product is widely used as a nutritional supplement for ruminant animals to improve their health condition. It also helps in increasing milk yield and improving animal performance such as growth performance, reproduction efficiency and resistance to infections & diseases among other benefits.
Regional Analysis:
Asia Pacific was the largest market in 2017 and is expected to maintain its position during the forecast period. The region dominates the global riboflavin market owing to high product demand from developing countries such as China, India, Japan, South Korea and Taiwan. Rapidly growing end-use industries coupled with increasing population are projected to drive regional growth over the coming years.
China accounted for a share of more than 30% of total global consumption in 2017 on account of rising product demand from feed additives industry due to presence of a large number of livestock farms across China. In addition, rapid industrialization along with strong economic growth has resulted in an increase in per capita income which is anticipated would fuel consumer spending on food & beverages and pharmaceutical sectors thereby driving industry expansion over next eight years (2018 - 2030).
Europe emerged as one of major consumers followed by North America owing to higher awareness regarding health benefits associated with vitamin supplements coupled with stringent regulations imposed by U.
Growth Factors:
- Increasing awareness about the health benefits of Riboflavin is expected to drive the market growth.
- Rising demand for dietary supplements and functional foods is anticipated to boost the Riboflavin market growth.
- Growing application of Riboflavin in food and beverage industry is projected to fuel the market expansion during forecast period.
- Increasing research and development activities for new applications of Riboflavin is likely to propel the market growth over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Riboflavin Market Research Report
By Type
Content 80% Vitamin B2, Content 80%~96% Vitamin B2, Content 98%~102% Vitamin B2
By Application
Feed Additives, Food Additives, Pharmaceutical & Cosmetic Industry
By Companies
Guangji Pharmaceutical, DSM, BASF, Shanghai Acebright Pharmaceuticals, NB GROUP, Guangji Pharmaceutical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Riboflavin Market Report Segments:
The global Riboflavin market is segmented on the basis of:
Types
Content 80% Vitamin B2, Content 80%~96% Vitamin B2, Content 98%~102% Vitamin B2
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Feed Additives, Food Additives, Pharmaceutical & Cosmetic Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Guangji Pharmaceutical
- DSM
- BASF
- Shanghai Acebright Pharmaceuticals
- NB GROUP
- Guangji Pharmaceutical
Highlights of The Riboflavin Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Content 80% Vitamin B2
- Content 80%~96% Vitamin B2
- Content 98%~102% Vitamin B2
- By Application:
- Feed Additives
- Food Additives
- Pharmaceutical & Cosmetic Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Riboflavin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Riboflavin is a water soluble vitamin that helps the body produce energy. It is also important for the production of red blood cells and healthy skin.
Some of the key players operating in the riboflavin market are Guangji Pharmaceutical, DSM, BASF, Shanghai Acebright Pharmaceuticals, NB GROUP, Guangji Pharmaceutical.
The riboflavin market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Riboflavin Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Riboflavin Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Riboflavin Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Riboflavin Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Riboflavin Market Size & Forecast, 2020-2028
4.5.1 Riboflavin Market Size and Y-o-Y Growth
4.5.2 Riboflavin Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Content 80% Vitamin B2
5.2.2 Content 80%~96% Vitamin B2
5.2.3 Content 98%~102% Vitamin B2
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Feed Additives
6.2.2 Food Additives
6.2.3 Pharmaceutical & Cosmetic Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Riboflavin Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Riboflavin Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Content 80% Vitamin B2
9.6.2 Content 80%~96% Vitamin B2
9.6.3 Content 98%~102% Vitamin B2
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Feed Additives
9.10.2 Food Additives
9.10.3 Pharmaceutical & Cosmetic Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Content 80% Vitamin B2
10.6.2 Content 80%~96% Vitamin B2
10.6.3 Content 98%~102% Vitamin B2
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Feed Additives
10.10.2 Food Additives
10.10.3 Pharmaceutical & Cosmetic Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Content 80% Vitamin B2
11.6.2 Content 80%~96% Vitamin B2
11.6.3 Content 98%~102% Vitamin B2
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Feed Additives
11.10.2 Food Additives
11.10.3 Pharmaceutical & Cosmetic Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Content 80% Vitamin B2
12.6.2 Content 80%~96% Vitamin B2
12.6.3 Content 98%~102% Vitamin B2
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Feed Additives
12.10.2 Food Additives
12.10.3 Pharmaceutical & Cosmetic Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Content 80% Vitamin B2
13.6.2 Content 80%~96% Vitamin B2
13.6.3 Content 98%~102% Vitamin B2
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Feed Additives
13.10.2 Food Additives
13.10.3 Pharmaceutical & Cosmetic Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Riboflavin Market: Competitive Dashboard
14.2 Global Riboflavin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Guangji Pharmaceutical
14.3.2 DSM
14.3.3 BASF
14.3.4 Shanghai Acebright Pharmaceuticals
14.3.5 NB GROUP
14.3.6 Guangji Pharmaceutical
