Riboflavin, also known as Vitamin B2, presents as a yellow to orange-hued crystalline powder and stands as a crucial nutrient within the B vitamin family. It’s essential for human health and naturally occurs in various foods such as eggs, dairy, meats, leafy greens, mushrooms, and almonds. This nutrient is synthesized through biosynthesis using microorganisms and fermentation and is commonly administered orally or via injection. It possesses a bitter taste and a faint odor. Notably, its melting point, boiling point, and flash point are 280°C, 504.93°C, and 9℃ respectively. Additionally, it exhibits water solubility with a measure of 0.07 g/L (20 ºC) and 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 on its essential role in maintaining a healthy body, spurring heightened demand to prevent deficiencies. Factors propelling this market include increased health consciousness, escalating cases of malnutrition, technological advancements aiding riboflavin synthesis, and its widespread use in fortification. Additionally, trends such as new product introductions, amplified R&D investments, dietary recommendations, scarcity of nutritional foods, and the inclination towards dieting contribute to the market’s momentum.
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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