In 2020, the global Riboflavin (Vitamin B2) for Food Grade Market size showed significant strength and is expected to maintain a steady revenue CAGR over the forecast period. The growth of the market is being driven by various factors, including increasing disposable income, rising health awareness, growing investments in research and development activities, and increasing healthcare spending.
Riboflavin, which is also known as vitamin B2 or lactoflavin, is a crucial vitamin required for maintaining good health. It can be found in a variety of foods, including leafy greens, eggs, milk and milk products, lean meat, legumes, almonds, mushrooms, and more. Riboflavin is a water-soluble vitamin that plays an essential role in cell growth, development, and function.
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Top Companies Operating in the Global Riboflavin (Vitamin B2) for Food Grade Market Report:
- BASF
- Desano
- DSM
- Hebei Shengxue Dacheng
- Hubei Guangji Pharmaceutical
- Ningxia Qiyuan Pharma
- Shandong NB Group
Restraining Growth of Riboflavin (Vitamin B2) for Food Grade Market
- Availability of alternative sources: There are several alternative sources of vitamins and nutritional supplements that consumers can choose from, which could limit the demand for Riboflavin.
- Lack of awareness in certain regions: In some regions, consumers may not be aware of the benefits of Riboflavin or may not have access to it, which could limit the growth of the market in those areas.
- Side effects and allergies: Riboflavin supplements can cause side effects or allergic reactions in some individuals, which could limit the use of these supplements and affect market growth.
- Stringent regulations: The Riboflavin market is subject to various regulations, including labeling requirements and restrictions on the amount of Riboflavin that can be added to certain foods, which could impact market growth.
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The global Riboflavin (Vitamin B2) for Food Grade Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
By Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Feed Grade
- Food Grade
- Pharma Grade
By End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Animal Feeding
- Food Additives
- Health Supplements
- Pharma
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