Market Challenges And Opportunities

Restraints & Challenges:

High price
low stability on exposure to humidity

Market Restraints:

Riboflavin is sensitive to humidity which makes it less stable. This property of riboflavin is expected to restrict the market growth.

High price of the product restrict consumers from buying. This is another key factor hampering growth of the market.

Market Opportunities:

Growing demand for plant-based food and beverages is expected to provide lucrative growth opportunities for the market players in the near future. The addition of vitamin B2/riboflavin ingredients in plant-based food and beverages makes them equally nutritious and healthy, compared to conventional food and beverage products in the market.

Increasing usage of riboflavin in beauty supplements is again anticipated to offer significant growth opportunities over the forecast period. Riboflavin/vitamin B2 ingredient enhance the appearance of fine lines and wrinkles. This ingredient also helps in improving skin tone, makes skin more radiant, and balances natural oils. This makes it important for dry skin or acne skincare products and supplements.

Riboflavin Market Report Snapshots