Vitamin B2, or riboflavin, appears to be a yellow to orange-coloured crystalline powder, which is a vital nutrient belonging to the vitamin B family. It is a crucial nutrient for humans and is naturally present in food items like eggs, milk, dairy products, meat, green vegetable, mushrooms, and almonds. It is made via biosynthesis using microorganisms and fermentation and is usually given by oral route or by injecting. It has a bitter taste and a slight odour. Its respective melting, boiling and flash points are 280 °C, 504.93°C, and 9℃. It is water-soluble (with a solubility of 0.07 g/L (20 ºC)). It has 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 chart, 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 is mainly driven by the fact that it is an essential nutrient responsible for a healthy body and functioning. In order to avoid any risk of deficiency, it is witnessing increased demand in the market. Other key factors, like growing health awareness, rising cases of malnutrition among the population, developments in innovation and technology, as well as its extensive use in fortification and industrial riboflavin synthesis, are furthering the market expansion. In addition to these key factors, other market trends like new product launches, increased investment in research and development, advised dietary allowances, scarcity of nutritional foods, and the preference towards dieting among people are all pushing 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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