Vitamin B2 (Riboflavin) Market Development trends, Industry Chain and Investment Feasibility Analysis to 2022

on

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.
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.

Comments

Post a Comment