Global
Vitamin
B2 (Riboflavin) Market is expected to grow at a significant CAGR in the
upcoming years as the scope and its applications are increasing across the
globe. Vitamin B2 is a water-soluble vitamin and is also known as Riboflavin.
The best sources of Vitamin B2 include dairy products, beans & legumes,
eggs, nuts, meats, soybeans, green leafy vegetables, etc. It is required for
appropriate development and function of the skin, lining of the digestive
tract, blood cells, and various other parts of the body.
Riboflavin deficiency also
called as ariboflavinosis can cause sore throat, anemia, mouth or lip sores,
inflammation of the skin and swelling of soft tissue in the mouth. In addition,
it can also affect vision such as watering, blurred vision and itching, sore,
or bloodshot eyes. The factors that propel the growth of the Vitamin B2
(Riboflavin) Market include increasing demand, rapid urbanization &
industrialization, and product development & technological innovations.
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In
addition, increasing health awareness among people, growing research
activities, rise in disposable income and wide range of applications. Vitamin
B2 (Riboflavin) Market is classified on the basis of product type,
applications, distribution channel and geography. Vitamin B2 (Riboflavin) Industry
is segmented by product type as feed grade, food grade, pharma grade and
others. Vitamin B2 (Riboflavin) Market is classified on applications as animal
feeding, health supplements, food additives, pharma and others.
Vitamin
B2 (Riboflavin) Market is segmented by distribution channel as online stores,
specialty stores and others. Vitamin B2 (Riboflavin) Market is classified on
the basis of geography as North America, Latin America, Western Europe, Eastern
Europe, Asia Pacific, Japan and Middle East and Africa.
The
North American region consists of the U.S., and Canada. Latin America region
consists of Mexico and Brazil. The Western European region consists of Germany,
Italy, France, England and Spain. The Eastern European region consists of
Poland and Russia. Asia Pacific region consists of China, India, ASEAN,
Australia & New Zealand. The Middle East and African region consists of
GCC, South Africa and North Africa.
Some
of the key players that fuel the growth of the Vitamin B2 (Riboflavin) Market include
BASF, Shandong NB Group, DSM, Hubei Guangji Pharmaceutical, Desano, Hebei
Shengxue Dacheng, Ningxia Qiyuan Pharma, and others. The key players are
focusing on inorganic growth to sustain themselves amidst fierce competition.
As such, mergers, acquisitions, and joint ventures are the need of the hour.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Vitamin B2 (Riboflavin) in these regions, from
2012 to 2022 (forecast), covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
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