Market Overview:
The global sodium riboflavin phosphate 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 food additives and feed additives, and rising awareness about the benefits of using sodium riboflavin phosphate in pharmaceutical and cosmetic applications. On the basis of type, the global sodium riboflavin phosphate market is segmented into food grade and pharmaceutical grade. The food grade segment is projected to account for a larger share of the market during the forecast period, owing to its growing use in various applications such as feed additives, food additives, and pharmaceuticals & cosmetics industry.
Product Definition:
Sodium Riboflavin Phosphate is a water soluble form of riboflavin, which is also known as vitamin B2. It is used as a nutritional supplement and can be found in some fortified foods. Sodium Riboflavin Phosphate helps the body to use other nutrients, and it also plays a role in energy production.
Food Grade:
Food grade sodium riboflavin phosphate is a product that is used as an additive in food & beverage industry. It helps to increase the color of food products and also makes them taste better by enhancing their flavor.
Pharmaceutical Grade:
Pharmaceutical grade is used in the production of sodium riboflavin phosphate. It is a fine white powder and has no color, taste or odor. It can be easily converted into a solution by mixing it with water or any other liquid. The product finds its major application in the food industry as an additive for enhancing colors and providing sweeteners like sugar.
Application Insights:
The product finds application in feed additives, food additives, and pharmaceutical & cosmetic industry. In 2017, the feed additives segment dominated the sodium riboflavin phosphate market with a share of over 80%. The segment is expected to witness growth on account of rising demand for animal protein-based products from countries such as China and India.
Rising awareness regarding a healthy diet among growing middle-class population especially in developing countries like China and India is anticipated to augment product demand in food additive applications during the forecast period. However, changing dietary patterns coupled with increasing health consciousness are likely to challenge existing consumption norms regarding flavoring agents which may restrict market growth in this segment during the next eight years.
Regional Analysis:
Asia Pacific sodium riboflavin phosphate market is expected to grow at the highest CAGR of XX% from 2018 to 2030 owing to increasing product demand in feed additives and pharmaceuticals sector. In addition, rising consumption of meat products is anticipated to drive the product demand in this region over the forecast period.
China was one of the largest producers as well as consumers for this product globally owing to presence of a large number of manufacturers and suppliers coupled with growing domestic industry participants such as Sinofert Holdings Limited., Shandong Crownchem Industries Co., Ltd., among others. China has also been observed exporting a significant amount sodium riboflavin phosphate-based products across various regions, which further boosts regional growth significantly.
Growth Factors:
- Increasing demand for food supplements and functional foods
- Rising awareness about the health benefits of Sodium Riboflavin Phosphate
- Growing popularity of preventive healthcare measures
- Proliferation of online retail channels
- Expanding application areas for Sodium Riboflavin Phosphate
Scope Of The Report
Report Attributes
Report Details
Report Title
Sodium Riboflavin Phosphate Market Research Report
By Type
Food Grade, Pharmaceutical Grade
By Application
Feed Additives, Food Additives, Pharmaceutical & Cosmetic Industry
By Companies
Norna Chemical, Guangji Pharmaceutical, DSM, BASF, Shanghai Acebright Pharmaceuticals, Wuhan Dahua 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
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Sodium Riboflavin Phosphate Market Report Segments:
The global Sodium Riboflavin Phosphate market is segmented on the basis of:
Types
Food Grade, Pharmaceutical Grade
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:
- Norna Chemical
- Guangji Pharmaceutical
- DSM
- BASF
- Shanghai Acebright Pharmaceuticals
- Wuhan Dahua Pharmaceutical
Highlights of The Sodium Riboflavin Phosphate 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:
- Food Grade
- Pharmaceutical Grade
- 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 Sodium Riboflavin Phosphate 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.
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- 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?
Sodium riboflavin phosphate is a salt of the vitamin B2 (riboflavin) and phosphorus. It is used as a food additive to improve the color, flavor, and nutritional value of foods.
Some of the key players operating in the sodium riboflavin phosphate market are Norna Chemical, Guangji Pharmaceutical, DSM, BASF, Shanghai Acebright Pharmaceuticals, Wuhan Dahua Pharmaceutical.
The sodium riboflavin phosphate 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 Sodium Riboflavin Phosphate 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 Sodium Riboflavin Phosphate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sodium Riboflavin Phosphate 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 Sodium Riboflavin Phosphate 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 Sodium Riboflavin Phosphate Market Size & Forecast, 2020-2028
4.5.1 Sodium Riboflavin Phosphate Market Size and Y-o-Y Growth
4.5.2 Sodium Riboflavin Phosphate 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 Food Grade
5.2.2 Pharmaceutical Grade
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 Sodium Riboflavin Phosphate 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 Sodium Riboflavin Phosphate 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 Food Grade
9.6.2 Pharmaceutical Grade
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 Food Grade
10.6.2 Pharmaceutical Grade
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 Food Grade
11.6.2 Pharmaceutical Grade
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 Food Grade
12.6.2 Pharmaceutical Grade
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 Food Grade
13.6.2 Pharmaceutical Grade
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 Sodium Riboflavin Phosphate Market: Competitive Dashboard
14.2 Global Sodium Riboflavin Phosphate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Norna Chemical
14.3.2 Guangji Pharmaceutical
14.3.3 DSM
14.3.4 BASF
14.3.5 Shanghai Acebright Pharmaceuticals
14.3.6 Wuhan Dahua Pharmaceutical
