Vitamin B2 Prices

Vitamin B2 Prices June 2024

The vitamin B2 prices in the United States for Q2 2024 reached 36,560 USD/MT in June. The vitamin B2 industry in the United States has encountered considerable challenges in the April-June time frame of 2024, characterized through a negative movement in costs. Elements facilitating to this decline include universal distribution channel disturbances and rivalry rating by creators of Asia. The weakening requirement by sectors such as nutraceuticals and pharmaceuticals has also intensified the situation, forcing exporters to reduce the prices to be strong in the race.

The price trend for vitamin B2 in China for Q2 2024 reached at 34,120 USD/MT in June. China has seen prominent alterations in the industry during this phase of 2024, with evident cost decreases. This trend is largely associated with extra import scenarios and reduced requirement from the local and global customers. The remainder stock stages took under by makers prompted extreme cost minimizations as vendors sought to clear excess stock.

In Germany, the vitamin B2 costs for Q2 2024 reached 41,400 USD/MT in June. The industry in April June 2024 experienced a notable price drop due to surplus supply and reduced requirement by medicinal and wellness sectors. Competitive imports from China, priced lower than domestic offerings, exerted burden on German suppliers, leading to continuous price adjustments. Port disruptions and active delays added to the industry strain, highlighting the difficult dynamics faced by Germany’s Vitamin B2 sector as exporters navigate a highly rivalrous scenario.

Vitamin B2 Prices December 2023

The vitamin B2 prices in Germany for Q4 2023 reached 44295 USD/MT in December. The market across the region witnessed a downturn in prices during the period, driven by high abundant stock and major inventories held by local businesses in order to cater to anticipated consumption and avoid scarcity prior to the holidays. Reduced product adoption from end use sectors along with abundant Vitamin B2 availability led to falling prices, with major declines noted toward the latter part of December. The reduced costs proved to be advantageous to importers from Germany due to lower prices from China, a key supplier, leading to a reduction in local market costs.

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 the current price but also provides insights into vitamin B2 historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into vitamin B2 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

Q2 2024:

In Europe, the industry was marked by significant price reductions primarily due to oversupply issues aggravated by competitive pricing from leading exporters and weakened requirement by key sectors. Persistent supply chain disruptions and limited spot supply also facilitated the overall decrease in Vitamin B2 prices throughout the region. Germany saw pronounced price fluctuations, as the local nutraceutical market grappled with high stock quantities and diminished orders from the pharmaceutical sector. This situation was further complicated by large-scale orders from Chinese producers, which pressured domestic vendors to lower their prices continuously. The overall trend in Germany reflected a sustained decrease in prices, highlighting the challenges faced by vendors in a market characterized by volatility and reduced profitability.

Q4 2023:

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.

North America Vitamin B2 Price

Q2 2024:

In 2024, the industry in North America faced significant challenges, highlighted by a steady decrease in costs. This downturn was largely driven by several interrelated elements, including disturbances in global distribution channels, rivalry tension from Asian manufacturers, and a scenario of extra import due to elevated stock amounts. Compounding these issues was a sustained drop in requirement from downward sectors, especially in medications and health products, prompting merchants to reduce prices to stay in good rivalry. Moreover, rising shipping expenses and prolonged production times created unfavorable conditions for imports, further straining the market. Overall, the environment for Vitamin B2 pricing during this period has been negative, with persistent oversupply and weak demand indicating a complex landscape that stakeholders must navigate cautiously.

Q4 2023:

During Q4 2023, the Vitamin B2 market in the region saw a reduction in prices on account of reduced consumption from pharmaceutical and nutraceutical sectors, along with rapid fall in the confidence of consumers. Despite a strong job market in the U.S. marked by job growth and lower unemployment rates, rising interest rates and inflation pressured consumer sentiment, affecting the dietary supplement sector. Vitamin B2 prices began the quarter higher but ended lower, indicating a general downtrend. Retailers seemed to have completed their inventory reductions and were preparing for increased adoption during the holiday season. By the end of December, despite concerns about inflation and employment, the U.S. economy showed robust growth, avoiding recession. This was accompanied by a spike in Vitamin B2 prices driven by increased consumer demand and rising freight costs, possibly linked to geopolitical tensions.

Specific vitamin B2 historical data within the United States and Canada can also be provided.

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.

Asia Pacific Vitamin B2 Price

Q2 2024:

The vitamin B2 market in the Asia Pacific region witnessed difficulties in the second quarter of 2024, characterized by a consistent decrease in prices. This trend was primarily influenced by extra import conditions, exacerbated by weak demand from both domestic and international consumers. Manufacturers found themselves with excessive inventory levels, leading to aggressive price cuts as they sought to offload surplus stock. Moreover, logistical challenges, including rising shipping costs and disruptions along key transport routes, added further pressure to the market, compelling suppliers to provide discounts to stay relevant. By the end of the quarter, the region faced a challenging pricing environment driven by these factors, underscoring a market struggling with imbalances in supply and demand.

Q4 2023:

Across the region, the market in the last quarter of 2023 displayed diverse trends across different products. The overall market in China saw a downturn in Vitamin B2 prices, primarily on account of a drop in the consumption rates from the nutraceutical and pharmaceutical sectors, specifically noticeable in November. In contrast, market in India rose, buoyed by better conditions of the economy and growth in manufacturing activities. Regardless of the higher production levels, China's market faced substantial reduction in costs because of sluggish regional and international demand. A lack of interest from international buyers in the first phase further indicated weak demand. By December, prices showed a slight recovery in China as economic indicators improved, although the nutraceutical sector had a blend of results during the year.

This vitamin B2 price analysis can be expanded to include a comprehensive list of countries within the region.

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.

Vitamin B2 Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Vitamin B2 Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” 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.

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.

Report Coverage

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.