Get the latest insights on price movement and trend analysis of Vitamin B2 in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Vitamin B2 Price Trend for the First Half of 2023
Vitamin B2, also known as riboflavin, is an essential micronutrient for the human body. Vitamin B2 is generally produced using various biochemical processes involving fermentation with significant microbes. Other than being an important dietary supplement, Vitamin B2 is also used in the agricultural sector. In the first quarter of 2023, the Chinese Vitamin B2 industry struggled with depreciating trends.
The slow post-COVID recovery was painful for the manufacturing sector in general, but the regular domestic demands from the pharma and nutraceutical sectors provided some respite. However, the lethal drop in international queries was costing Vitamin B2 suppliers a lot. These trends continued in the second quarter as well since the prices didn’t improve till the very end. The rapid normalization in the upstream situations with eased freight and energy costs led to further depression in the upstream cost support. Overall, negative market trends were observed.
Following in the Asian footsteps, the Vitamin B2 prices remained in a slump in the European markets as well. Even though the market fundamentals showed gradual improvement with better supply and demand dynamics over the discussed period, the prices struggled to remain firm. After the Russian invasion of Ukraine, the European economy struggled badly. It was the restoration of trade routes and supply chains that facilitated the existing limited product exchanges. Overall, muted market sentiments were observed.
The North American Vitamin B2 price trends mirrored the fluctuations in the global Vitamin B2 market trends. With constricted demands and supplies, the price trends were mostly facing downward throughout the discussed period.
According to Procurement Resource, given the current disturbances in the Vitamin B2 market, the prices are expected to strive for stability in the coming months.
Procurement Resource provides latest prices of Vitamin B2. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Vitamin B2 or Riboflavin is a crucial human nutrient which is a heat stable as well as a water-soluble flavin belonging to the vitamin B family. It is one of eight B vitamins that are vital for human health. It helps to prevent and treat riboflavin deficiency and prevent migraines. It may be given orally or by injecting. Vitamin B2 is a precursor of the coenzymes flavin mononucleotide or FMN and flavin adenine dinucleotide or FAD. The sources of Vitamin B2 include food like eggs, green vegetables, milk and dairy products, meat, mushrooms, and almonds.
|Product Name||Vitamin B2|
|Industrial Uses||Agricultural, Colourant, Pharmaceutical drug, Dietary supplements|
|Synonyms||83-88-5, Riboflavin , Lactoflavin, Vitamin G|
|Molecular Weight||376.4 g/mol|
|Supplier Database||BASF SE, DSM Nutritional Products AG, Acros Organics, Charkit Chemical Company LLC, Penta Manufacturing Company|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
For industrial scale riboflavin production, various biotechnological processes have been developed. This process includes the utilisation of different microorganisms for biosynthesis of Vitamin B2, which include filamentous fungi such as Ashbya gossypii, Candida famata and Candida flaveri along with the bacteria Corynebacterium ammoniagenes and Bacillus subtilis. The chemical company BASF has installed a plant in South Korea, which specialises in riboflavin production using Ashbya gossypii.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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