Vitamin B2 Prices December 2023
Product
|
Category |
Region |
Price |
Vitamin B2 |
Specialty Chemical |
Germany |
44295 USD/MT |
The price of vitamin B2 in the Germany reached 44295 USD/MT in December. The prices were declined by over 3% from November in the German market by the end of the quarter. The decline in demand from Germany's downstream industries during the month was primarily driven by significant stockpiles maintained by domestic companies, despite minimal shifts in market dynamics. This was also attributed to China which lowered the price of Vitamin B2. Consequently, German importers benefited from reduced prices when procuring Vitamin B2 supplements, resulting in a corresponding decrease in prices within the local market. Moreover, the lack of fresh inquiries from end user industries such as nutraceuticals and pharmaceuticals prompted local sellers to offer the product at relatively lower prices.
Vitamin B2 Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Vitamin B2 Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of vitamin B2 pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of vitamin B2 at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of vitamin B2 price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing vitamin B2 price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
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Vitamin B2 Market Analysis
The global vitamin B2 market size reached 109 Thousand Tonnes in 2023. By 2032, IMARC Group expects the market to reach 175 Thousand Tonnes, at a projected CAGR of 5.40% during 2023-2032.
- As global health awareness increases, more consumers are turning to dietary supplements to ensure they meet their nutritional needs. Vitamin B2 is crucial for energy production, cellular function, growth, and development, and plays a vital role in the metabolism of fats, drugs, and steroids. Besides, the expanding health and wellness trend has escalated the demand for multivitamins and targeted dietary supplements that include Vitamin B2, thereby propelling the market growth. According to the NATIONAL LIBRARY OF MEDICINE, in the United States, the demand for multivitamins spiked in March 2020 with sales rising by 51.2 %, with total sales of vitamins and supplements reaching almost 120 million units for that period alone. Moreover, in the UK, vitamin sales increased by 63 % and in France sales grew by approximately 40–60 % in March 2020.
- Vitamin B2 also has extensive applications in the pharmaceutical industry due to its therapeutic properties. It is used in the treatment and prevention of various conditions like migraine headaches, muscle cramps, and blood disorders. Besides, the growing prevalence of skin, hair, and eye diseases is also propelling the market. Vitamin B2 is useful in maintaining skin, hair, and eye health which has led to its increased use in prescription medicines, dietary supplements, and over-the-counter products. According to the NATIONAL LIBRARY OF MEDICINE, pattern hair loss affects at least 50% of men by the age of 50 years, and up to 70% of all males in later life, 1 while estimates of its prevalence in women have varied widely. Recent studies claim that 6% of women aged under 50 years are affected, increasing to a proportion of 30 to 40% of women aged 70 years and over. This is increasing the demand for various dietary vitamins supplements thus propelling the market.
- The fortification of food and beverages with essential nutrients is another significant driver for the Vitamin B2 market.
Vitamin B2 News
The report covers the latest developments, updates, and trends impacting the global vitamin B2 market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in vitamin B2 production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the vitamin B2 price trend.
Latest developments in the vitamin B2 industry:
- In October 2022, Fonterra launched BioKodeLab, a supplement brand aimed at improving cognitive performance. According to the company, the product consists of vitamin A, Vitamin B2, lutein, and zeaxanthin to support macular health.
- In May 2023, DSM-Firmenich AG, the global innovation partner in nutrition, health, and beauty, completed its merger with Firmenich International SA.
Product Description
Vitamin B2 is a water-soluble vitamin is part of the B-group vitamins and plays a crucial role in energy production and cellular function within the body. Riboflavin acts as a coenzyme in many biological processes involving the metabolism of fats, ketone bodies, carbohydrates, and proteins. One of the primary functions of vitamin B2 is to facilitate the conversion of carbohydrates into adenosine triphosphate (ATP), the fuel the body uses for cellular operations. It also aids in the metabolism of fats and proteins, which is critical for the maintenance of the body's energy supply. Riboflavin is involved in the regeneration of glutathione, one of the body's main antioxidants. This role is crucial in the defense against oxidative stress and helps maintain the health of red blood cells and the nervous system. In addition to its metabolic roles, Vitamin B2 is essential for maintaining healthy skin, hair, and mucous membranes.
Regional Coverage
The report provides a detailed analysis of the vitamin B2 market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the vitamin B2 price trend.
Global Vitamin B2 Price
The report offers a holistic view of the global vitamin B2 pricing trends in the form of vitamin B2 price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of vitamin B2 but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed vitamin B2 demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Vitamin B2 Price
In the fourth quarter of 2023, the Europe Vitamin B2 market experienced a decline in prices. High supply levels negatively impacted on the market, with domestic businesses maintaining substantial inventories to meet demand and address concerns of potential shortages before the December holiday season. Additionally, reduced end user demand and availability of Vitamin B2 in the domestic market represent significant factors contributing to the price reduction.
This analysis can be extended to include detailed vitamin B2 price information for a comprehensive list of countries.
Region |
Countries Covered |
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, among other European countries. |
North America Vitamin B2 Price
In the fourth quarter of 2023, the North America market for vitamin B2 witnessed a downward trajectory in prices, due to a decline in demand from the nutraceutical and pharmaceutical sectors. Despite the resilience of the US labor market, characterized by job additions and a decrease in unemployment rates, rising interest rates and inflationary pressures diminished consumer sentiment, impacting the dietary supplement industry. Moreover, by the quarter's end, the performance of the US economy in 2023 was remarkable.
Specific vitamin B2 historical data within the United States and Canada can also be provided.
Region |
Countries Covered |
North America |
United States and Canada |
Middle East and Africa Vitamin B2 Price
The report explores the vitamin B2 pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on vitamin B2 prices for countries can also be provided.
Region |
Countries Covered |
Middle East & Africa |
Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Vitamin B2 Price
In the fourth quarter of 2023, the Vitamin B2 market in the Asia-Pacific region exhibited a variety of trends, with some products witnessing price increases while others experienced declines. Overall, Q4 2023 witnessed a downward price trend in China. This was due to an imbalance in the market caused by reduced demand from the pharmaceutical and nutraceutical industries, particularly notable in November. Despite expanded production, China experienced significant price decreases attributed to sluggish demand both locally and globally.
This vitamin B2 price analysis can be expanded to include a comprehensive list of countries within the region.
Region |
Countries Covered |
Asia Pacific |
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Vitamin B2 Price
The analysis of vitamin B2 prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
Region |
Countries Covered |
Latin America |
Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
Key Attributes |
Details |
Product Name |
Vitamin B2 |
Report Features |
Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Vitamin B2 Price Analysis, and Segment-Wise Assessment. |
Currency/Units |
US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered |
The current coverage includes analysis at the global and regional levels only.
Based on your requirements, we can also customize the report and provide specific information for the following countries:
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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*
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*
*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
- Company Overview
- Business Description
- Product Portfolio
- Recent Trends and Developments
|
Customization Scope |
The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
- Scope
- Historical Data for the Current Month
- Forecast for Next Month
- Total Deliverables Per Year: 12 (One Per Month)
- Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year
Plan B: Quarterly Updates - Annual Subscription
- Scope
- Historical Data for the Current Quarter
- Forecast for Next Quarter
- Total Deliverables Per Year: 4 (One Per Quarter)
- Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year
Plan C: Biannually Updates - Annual Subscription
- Scope
- Historical Data for the Current Half
- Forecast for the Next Half
- Total Deliverables Per Year: 2 (One Per 6 Months)
- Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year
|
Post-Sale Analyst Support |
360-degree analyst support after report delivery |
Delivery Format |
PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of vitamin B2 pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting vitamin B2 price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The vitamin B2 price charts ensure our clients remain at the forefront of the industry.