Riboflavin, also known as Vitamin B2, presents itself as a yellow to orange crystalline powder, constituting a crucial nutrient within the B-vitamin family. This essential element for human health is naturally found in various foods such as eggs, milk, dairy products, meat, green vegetables, mushrooms, and almonds. Produced through biosynthesis involving microorganisms and fermentation, it is typically administered orally or via injection. Riboflavin possesses a bitter taste and a faint odor, with respective melting, boiling, and flash points of 280 °C, 504.93 °C, and 9℃. Exhibiting water solubility (0.07 g/L at 20 ºC), it maintains a density of 1.2112.
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Key Details About the Vitamin B2 Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Vitamin B2 price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Vitamin B2 Price trend, including India Vitamin B2 price, USA Vitamin B2 price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Vitamin B2 Price Trend:
The primary driving force behind the vitamin B2 industry is its crucial role as an essential nutrient for maintaining a healthy body and optimal functioning. The market is experiencing heightened demand due to the imperative to prevent deficiencies. Factors such as increasing health consciousness, a rise in malnutrition cases, advancements in innovation and technology, and widespread utilization in fortification and industrial riboflavin synthesis contribute to the expanding market. Beyond these key elements, additional market trends, including new product introductions, augmented investment in research and development, adherence to advised dietary allowances, the scarcity of nutritional foods, and a preference for dieting among individuals, collectively propel the market forward.
Key Players:
- BASF SE
- DSM Nutritional Products AG
- Acros Organics
- Charkit Chemical Company LLC
- Penta Manufacturing Company
News & Recent Development:
- 10 August 2022: A US research team were allocated a USD 486,000 grant by the National Science Foundation in order to make an artificial version of the essential vitamin B2 - riboflavin as a move to be able to treat diseases and help enhance the health of the population in the long run.
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