Product Code: CMI5140
Riboflavin market is estimated to be valued at USD 461.5 Mn in 2024 and is expected to reach USD 726.0 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 461.5 Mn |
Historical Data for: |
2019 to 2023 |
Forecast Period: |
2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: |
6.70% |
2031 Value Projection: |
US$ 726.0 Mn |
Figure. Riboflavin Market Share (%), By Region 2024
Riboflavin, also known as vitamin B2, is an essential nutrient required by the human body for growth and development. It plays a vital role in various metabolic processes through its involvement as a precursor for flavin mononucleotide and flavin adenine dinucleotide. As a water-soluble vitamin, riboflavin needs to be supplemented through diet. It is naturally present in a variety of foods including milk, eggs, meat, leafy green vegetables, mushrooms, and legumes. Deficiency of riboflavin can lead to health issues like cracks at the corners of the mouth, inflammation of the mouth, sore throat, itchy skin, and seborrheic dermatitis. Due to growing health awareness and increasing demand for nutritional supplements, global riboflavin can witness growth in the near future.
Market Dynamics-
Global riboflavin market growth is driven by factors such as increasing consumer preference for nutritional supplements, growing health consciousness, rising cases of riboflavin deficiencies, and expanding food & beverage industry. However, high costs associated with natural extraction of riboflavin from foods and synthetic production can hamper the market growth. Novel applications of riboflavin as an additive in pharmaceuticals, cosmetics and animal feed can present new avenues for market expansion. However, the market faces certain restraints due to presence of riboflavin in many routine foods. Strict regulatory norms governing dietary supplements can hamper the market growth. Increasing adoption of vegan and vegetarian diets as riboflavin intake can be challenging through a non-meat diet can offer growth opportunities. Product innovation leading to enhanced formulations presents another favorable growth prospect.
Key Features of the Study-
This report provides in-depth analysis of the global riboflavin market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 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, Hebei Shengxue dacheng Pharmaceutical Co. Ltd, Duchefa Biochemie, and Harman Finichem 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
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
Market Segmentation
- Form Insights (Revenue, USD, 2019 - 2031)
- Source Insights (Revenue, USD, 2019 - 2031)
- Application Insights (Revenue, USD, 2019 - 2031)
- Food and Beverages
- Dietary Supplements
- Pharmaceutical
- Animal Feed
- Personal Care
- Others
- Regional Insights (Revenue, USD, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- 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
- Hebei Shengxue dacheng Pharmaceutical Co. Ltd
- Duchefa Biochemie
- Harman Finichem Ltd
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Form
- Market Snippet, By Source
- Market Snippet, By Application
- Market Snippet, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend
4. Global Riboflavin Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Riboflavin Market - COVID-19
- Impact Analysis
5. Global Riboflavin Market, By Form, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Powder
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020- 2031
- Segment Trends
- Liquid
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020- 2031
- Segment Trends
- Segment Trends
6. Global Riboflavin Market, By Source, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Plant
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020- 2031
- Segment Trends
- Animal
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020- 2031
- Segment Trends
7. Global Riboflavin Market, By Application, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Food and Beverages
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020- 2031
- Segment Trends
- Dietary Supplements
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020- 2031
- Segment Trends
- Pharmaceutical
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020- 2031
- Segment Trends
- Animal Feed
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020- 2031
- Segment Trends
- Personal Care
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020- 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020- 2031
- Segment Trends
8. Global Riboflavin Market, By Region, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Form, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Source, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
- Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Form, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Source, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Form, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Source, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Form, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Source, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Form, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Source, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Mn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Form, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Source, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Mn)
- Market Size and Forecast, By Country/Region, 2019- 2031, (USD Mn)
- South Africa
- North Africa
- Central Africa
9. Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- BASF SE
- Company Overview
- Chair Type Portfolio
- Recent Developments/Updates
- Koninklijke DSM NV
- Company Overview
- Chair Type Portfolio
- Recent Developments/Updates
- Shanghai Acebright Pharmaceuticals Group Co. Ltd.
- Company Overview
- Chair Type Portfolio
- Recent Developments/Updates
- Xinfa Pharmaceutical Co. Ltd
- Company Overview
- Chair Type Portfolio
- Recent Developments/Updates
- Hubei Guangji Pharmaceutical Co. Ltd
- Company Overview
- Chair Type Portfolio
- Recent Developments/Updates
- NB Group Co. Ltd
- Company Overview
- Chair Type Portfolio
- Recent Developments/Updates
- Hegno
- Company Overview
- Chair Type Portfolio
- Recent Developments/Updates
- Legend Industries
- Company Overview
- Chair Type Portfolio
- Recent Developments/Updates
- Hebei Shengxue dacheng Pharmaceutical Co. Ltd
- Company Overview
- Chair Type Portfolio
- Recent Developments/Updates
- Duchefa Biochemie
- Company Overview
- Chair Type Portfolio
- Recent Developments/Updates
- Harman Finichem Ltd
- Company Overview
- Chair Type Portfolio
- Recent Developments/Updates
10. Analyst Recommendation
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. Section
- References
- Research Methodology
- About Us and Sales Contact