Riboflavin Market, By Source (Chemical Synthesis, Fermentation), By Form (Powder, Liquid), By Application (Food and Beverages, Dietary Supplements, Pharmaceutical, Animal Feed, Personal Care, Other Applications), By Geography (North America, Latin America, Europe, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Riboflavin is a type of vitamin B. It is synthesized by microorganisms. In the past, it was made by microorganisms that had a high rate of overproduction. The human body can synthesize riboflavin in small amounts in the gut but cannot make enough to fulfill its nutritional requirements. It is one of the components of coenzymes that aid in cell growth and energy production. It also contributes to the breakdown of fats, steroids, and medications. Excess dietary riboflavin is excreted in urine.
Market Dynamics:
Growing demand from fortified food &beverage and wide-application of riboflavin are driving growth of the riboflavin market. Moreover, increasing for plant-based food and beverages is again anticipated to foster market growth. Furthermore, expanding scope in pet food supplements is further anticipated to foster market growth.
On the contrary, high price and low stability on exposure to humidity are key factors expected to restrict the market growth.
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