Report Ocean introduces a fresh report examining the Global Riboflavin Market, encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
Obtain a comprehensive report on the Global Riboflavin Market, which includes a full table of contents, over 200 tables and figures, and charts. The report provides precise information on the market before and after the COVID-19 outbreak, segmented by region.
Global Riboflavin Market is valued approximately USD $$ billion in 2022 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2032.
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Riboflavin refers to vitamin B2. It is extracted from both plant- and animal-based sources, such as milk, meat, eggs, nuts, enriched flour, and green vegetables. It helps the body break down carbohydrates, proteins and fats. It also contributes to the development of the skin, lining of the digestive tract, blood cells, and brain function. The growing incidences of riboflavin deficiency disorders and rising consumption of healthcare supplements as well as increasing application as food color and fortification are key factors accelerating the market growth.
According to Statista – in 2021, the global dietary supplements market was estimated at USD 137 billion. And the market is projected to grow to USD 185.1 billion by 2025. Also, the rising health consciousness among individuals and growing investment in R&D activities would create lucrative growth prospectus for the market over the forecast period. However, the high cost associated with fortified food products stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Riboflavin Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to presence of leading market players as well as growing demand for dietary supplements in the region. Whereas Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising healthcare spending as well as growing pharmaceuticals sector in the region.
Major market players included in this report are:
- BASF SE
- DSM
- Parchem fine & specialty chemicals.
- Advanced Technology & Materials Co., Ltd.
- Shanghai Acebright Pharmaceuticals Group Co., Ltd.
- Xinfa Pharmaceutical
- HUBEI GUANGJI PHARMACEUTICAL CO., LTD.
- NB GROUP.
- Hegno
- ZenithSports
Recent Developments in the Market:
In October 2021, Royal DSM, completed its acquisition of first choice ingredients for an enterprise value of USD 453 million.
In June 2022, Royal DSM, completed acquisition of Prodap. Prodap is a leading animal nutrition and technology company based in Brazil.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Source
Plant
Dairy
Meat
Eggs
Nuts & Seeds
Algae & Fungus
By Product Type
Powder
Liquid
Tablets
Others
By Application
Food & Beverage
Feed Industry
Pharmaceuticals
Dietary Supplements
Animal Feed
Cosmetics & Personal Care
Others
By Distribution Channel
Direct
Indirect
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Reasons to Consider Purchasing the Riboflavin Market Report:
Comprehensive Market Insights: Delve into the depths of the Riboflavin Market Report to gain an all-encompassing and meticulous analysis of the market landscape. Uncover details such as market size, share, trends, and growth catalysts, which provide invaluable perspectives on both the present market scenario and its promising future prospects.
Reliable Projections: Rely on the report’s dependable forecasts and projections, which are underpinned by rigorous research methodologies, insights into industry expenditures, and assessments of market expansion rates. These foresights empower businesses to make well-informed decisions and chart out effective strategies for the times ahead.
In-depth Competition Analysis: Equip yourself with an extensive evaluation of key market players, their array of products, and the strategies they employ. This comprehensive understanding arms businesses with the knowledge needed to not only comprehend their rivals but also to craft strategies that position them ahead in the dynamic market arena.
Clear Market Scope and Segmentation: Gain clarity on the broad expanse of the market through the report’s clear delineation of market scope. With detailed insights into diverse market segments and their growth potential, businesses can discern and capitalize on opportunities that align with their objectives.
Insightful Regional Examination: Assess the market’s performance across different regions, enabling enterprises to pinpoint lucrative markets and tailor their approaches accordingly. With region-specific insights, businesses can adapt strategies that resonate with the unique dynamics of each area.
Evaluation of Industry Technology: Grasp the pulse of technological progress within the Riboflavin market. The report dissects cutting-edge advancements and trends, providing businesses with a window into emerging technologies that have the potential to reshape the industry.
Dynamics of Supply and Demand: Acquire a profound comprehension of supply-demand dynamics. This understanding empowers businesses to optimize production, distribution, and inventory management processes, resulting in enhanced operational efficiency.
Informed Investment Decision Making: Leverage the report’s critical information and data-driven insights to facilitate informed investment choices within the Riboflavin market. Equipped with this knowledge, businesses can confidently allocate resources to avenues with the greatest potential for returns.
Unveiling Long-Term Growth Avenues: Through the scrutiny of trends and growth stimulants, the report illuminates the enduring opportunities the Riboflavin market holds. By identifying these sustainable growth prospects, businesses are poised to set a course for lasting success.
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