The Vitamin B2 Price Index is a measure of the cost fluctuation of riboflavin, a vital nutrient within the B vitamin family, renowned for its yellow to orange-colored crystalline form. This essential nutrient, present naturally in various foods such as eggs, dairy products, meat, green vegetables, mushrooms, and almonds, plays a critical role in human health. Typically produced through biosynthesis employing microorganisms and fermentation methods, Vitamin B2 is administered orally or via injection due to its bitter taste and slight odor. Its physical properties include a melting point of 280°C, boiling point of 504.93°C, and flash point of 9°C. With a solubility of 0.07 g/L at 20°C and a density of 1.2112, it demonstrates water solubility and a specific mass. Tracking the Vitamin B2 Price Index provides insights into market trends and fluctuations in the cost of this essential nutrient.
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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 chart, 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 experiences robust growth primarily due to its indispensable role in maintaining overall health and well-being. Increasing awareness of its importance and the rising demand to prevent deficiencies are driving market expansion. Additionally, factors such as heightened health consciousness, escalating instances of malnutrition, advancements in technology and innovation, and its widespread application in fortification and industrial synthesis contribute to the industry's growth trajectory. Furthermore, emerging trends like product innovations, augmented research and development investments, adherence to dietary guidelines, scarcity of nutritious foods, and the growing preference for dietary regimes propel market advancement.
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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