March 5, 2024

Vitamin B2 Price History and Forecast Analysis | Procurement Resource

3 min read

Riboflavin, also known as Vitamin B2, presents itself as a crystalline powder ranging from yellow to orange. As a pivotal nutrient within the Vitamin B family, it holds significant importance for human health. Found naturally in various food sources like eggs, dairy, meats, leafy greens, mushrooms, and almonds, this nutrient is synthesized through microorganisms and fermentation. It can be administered orally or via injection. Despite its bitter taste and faint odor, its properties include a melting point of 280°C, boiling point at 504.93°C, and a flash point of 9℃. With a solubility of 0.07 g/L (20 ºC) in water, it possesses 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 trends, 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 vitamin B2 industry thrives due to its vital role in maintaining a healthy body. With a rising demand to prevent deficiencies, it’s experiencing increased market interest. Factors such as heightened health consciousness, escalating instances of malnutrition, technological advancements, its widespread use in fortification and industrial synthesis, contribute to its market growth. Furthermore, trends such as new product introductions, augmented research investments, recommended dietary intakes, limited access to nutritious foods, and the prevalent inclination towards dieting all contribute to driving this market ahead.

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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We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

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