Riboflavin Market Report 2025 (Global Edition)

Global Riboflavin Market Report 2025 Market Size Split by Source (Plant, Animal), by Form (Powder, Liquid, Tablet, Others), by Application (Food and Beverage, Dietary Supplements, Animal Feed, Persona...

Riboflavin Market Report Description

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Riboflavin Market Insights Video

Competitive Landscape of the Riboflavin Market

The riboflavin industry is fiercely competitive, with major competitors prioritizing innovation, economical production techniques, and diversifying their product lines. With robust international distribution networks, industry leaders BASF SE, DSM, and Guangji Pharmaceutical dominate the market. Regional producers and smaller businesses also compete by providing more specialized or affordable solutions. Companies frequently engage in strategic alliances, mergers, and acquisitions in an effort to increase their market share and satisfy the rising demand for riboflavin products from consumers.

In January 2023, BASF announced that it would invest in increasing the capacity of its polymer dispersions manufacturing facility in Merak, Indonesia. (Source:https://www.basf.com/in/en/media/news-releases/asia-pacific/2023/01/basf-invests-in-the-expansion-of-the-polymer-dispersions-busines) In November 2022, DSM began building a large-scale production plant in Dalry, Scotland, to produce Bovaer®, a unique feed additive for ruminants that lowers methane. (Source: https://www.dsm.com/anh/news/press-releases/2022/2022-11-30-dsm-starts-construction-of-large-scale-production-facility-for-bovaer-in-dalry-scotland.html) In December 2021, a study from Kobe University discovered that vitamin B2 supplementation improved the mitochondria's capacity to generate energy, hence delaying the aging process of cells subjected to aging stress. (Source: https://www.kobe-u.ac.jp/en/news/article/2021_12_13_01/)

Top Companies Market Share in Riboflavin Industry: (In no particular order of Rank)

• BASF SE (Germany)
• DSM (Netherlands)
• Xinfa Pharmaceutical Co. Ltd (China)
• Hubei Guangji Pharmaceutical Co Ltd (China)
• NB Group Co.
• Ltd. (China)
• Hegno (China)
• Harman Finochem Ltd (India)
• Duchefa Biochemie (Netherlands)
• Supriya Lifescience Ltd. (India)
• Ningxia Qiyuan Pharmaceutical Co. (China)
• Shanghai Acebright Pharmaceuticals Group Co.
• Ltd. (China)
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Regional Analysis of the Riboflavin Market

Which Region Dominates the Riboflavin Market in 2024?

According to Cognitive Market Research, North America currently dominates the Riboflavin market, and the region is expected to have significant growth during the projected period. Due to the rise in the market for dietary supplements and increased health consciousness, North America is predicted to lead the growth of the riboflavin (vitamin B2) market. The market for riboflavin-enriched products is being driven by the region's strong emphasis on preventative healthcare and an older population that is striving to preserve optimal health. Further promoting market expansion is the extensive use of riboflavin in animal feed, medications, and food fortification in the United States and Canada. The demand for riboflavin in North America is also largely driven by the region's well-established healthcare system and government programs that support foods high in vitamins.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Owing to an increase in disposable money, greater health perception, and growing awareness of nutritional inadequacies, the Asia-Pacific region is expected to propel significant growth in the riboflavin (vitamin B2) market. Demand for nutritional supplements and fortified foods is rising in the region due to its vast population and developing middle class, especially in China and India. Furthermore, the use of riboflavin in food fortification programs is being encouraged by government attempts to prevent malnutrition and vitamin deficiencies. Asia-Pacific is a major driver of the riboflavin market's growth due to the region's burgeoning pharmaceutical and animal feed sectors, particularly in China and Southeast Asia.

The current report Scope analyzes Riboflavin Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Riboflavin Market Analysis

According to Cognitive Market Research, the global Riboflavin market size was estimated at USD 415.8 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 166.32 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Riboflavin market with a market size of USD 131.23 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. The demand for riboflavin-enriched foods and drinks is rising in the United States market, which is heavily focused on preventative healthcare.
• The Canadian riboflavin market had a market share of USD 19.96 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. The growing number of Canadians who are concerned about their health is driving rising demand for riboflavin as an ingredient in multivitamin supplements.
• The Mexico Riboflavin market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 15.14 million in 2024.

Europe Riboflavin Market Analysis

According to Cognitive Market Research, the global Riboflavin market size was estimated at USD 415.8 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 124.74 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

• The United Kingdom Riboflavin market had a market share of USD 20.96 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. In the UK, An increase in plant-based diets has led to a surge in the requirement for riboflavin supplements among people whose diets might not be providing enough B2.
• The France Riboflavin market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 11.48 million in 2024.
• According to Cognitive Market Research, the German Riboflavin market size was valued at USD 24.70 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period. In Germany, the country's overall market expansion is aided by the use of riboflavin in vitamin supplements and medications to treat deficiencies.
• The Italy Riboflavin market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 10.73 million in 2024.
• The Russian riboflavin market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 19.33 million in 2024.
• The Spain Riboflavin market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 10.23 million in 2024
• The Luxembourg Riboflavin market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 3.87 million in 2024.
• The Portugal Riboflavin market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 2.62 million in 2024.
• The Greece Riboflavin market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 1.50 million in 2024.
• The Rest of Europe's Riboflavin market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 19.33 million in 2024.

Asia Pacific Riboflavin Market Analysis

According to Cognitive Market Research, the global Riboflavin market size was estimated at USD 415.8 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 95.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Riboflavin market size was valued at USD 43.04 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. Riboflavin sales surged in China due to the need for riboflavin supplements and fortified foods to achieve daily nutritional requirements is driven by the prevalence of vitamin deficiencies in rural areas.
• The Japan Riboflavin market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 13.20 million in 2024.
• The India Riboflavin market had a market share of USD 11.48 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. Indian consumers are increasingly using dietary supplements and fortified foods to increase their intake of riboflavin as their disposable income rises.
• The South Korean Riboflavin market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 9.56 million in 2024.
• The Australian Riboflavin market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 4.97 million in 2024.
• The South East Asia Riboflavin market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 6.60 million in 2024.
• The Rest of Asia Pacific Riboflavin market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 6.79 million in 2024.

South America Riboflavin Market Analysis

According to Cognitive Market Research, the global Riboflavin market size was estimated at USD 415.8 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 20.79 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Riboflavin market size was valued at USD 8.90 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Riboflavin flourished in Brazil because Brazil’s focus on enhancing public health through the fortification of staple commodities like bread and dairy with riboflavin is a major driving factor.
• Argentina's Riboflavin market had a market share of USD 3.49 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. In Argentina, there is a growing consumer demand for high-quality dairy and meat products.
• Colombia Riboflavin market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 1.85 million in 2024.
• Peru Riboflavin market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 1.70 million in 2024.
• Chile's Riboflavin market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 1.50 million in 2024.
• The Rest of Latin America's Riboflavin market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 3.35 million in 2024.

Middle East Riboflavin Market Analysis

According to Cognitive Market Research, the global Riboflavin market size was estimated at USD 415.8 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 8.32 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031..

• The GCC Countries Riboflavin market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 3.56 million in 2024. Riboflavin sales flourish in GCC countries because the demand for riboflavin is rising as a result of the GCC countries' governments encouraging the use of nutritional supplements and fortified foods to enhance public health.
• The Egypt Riboflavin market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 0.87 million in 2024.
• The South African riboflavin market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 1.31 million in 2024. Riboflavin sales flourished in South Africa due to opportunities for companies in the tourism industry to sell products based on riboflavin.
• The Turkey Riboflavin market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 0.72 million in 2024.
• The Nigeria Riboflavin market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 0.87 million in 2024.
• The Rest of the MEA Riboflavin market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 0.98 million in 2024.

Riboflavin Market Analysis

Riboflavin Market Source Segment Analysis

According to Cognitive Market Research, animals are likely to dominate the Riboflavin Market over the forecast period. The livestock and poultry sectors, in particular, have a growing demand for riboflavin derived from animal sources. For the growth, reproduction, and general health of animals, riboflavin is an essential component of their diet. To prevent deficits and encourage proper development, it is frequently added to animal feed. Demand for enhanced animal feed rises in tandem with the world's rising meat consumption. Demand for riboflavin in the animal nutrition markets is also being driven by the dairy and aquaculture industries, which are using it to increase productivity and guarantee the welfare of animals.

The plant is the fastest-growing segment in the Riboflavin Market. The increased popularity of plant-based and vegan diets among consumers is driving the demand for riboflavin derived from plants. Leafy greens, almonds, mushrooms, and other plant-based foods are common sources of riboflavin, which is necessary for metabolism and energy synthesis. The demand for foods fortified with plant-based riboflavin and supplements generated from plants is growing as a result of the growing veganism and emphasis on natural and organic products. Furthermore, to satisfy consumers who are concerned about their health and prefer not to consume animal products, food makers are increasingly employing plant-based riboflavin.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Riboflavin Industry. Request a Free Sample PDF!

Riboflavin Market Form Segment Analysis

According to Cognitive Market Research, the powder segment holds the largest share of the market. Because riboflavin is so widely applied and convenient to use in so many different industries, there is a growing need for it in powder form. Food and beverages, medications, and dietary supplements frequently employ powdered riboflavin. It is the perfect option for producers who want to increase the nutritional content of their products because of their stability and versatility. Furthermore, the global market for riboflavin powder is being driven by the growing trend of health and wellness as well as customer preference for convenient supplement formulations, particularly in nutraceuticals and functional foods.

In the Riboflavin Market, the category of liquid has been growing quickly. The need for liquid riboflavin is growing, especially in the food, beverage, and pharmaceutical sectors. Due to its ease of absorption and inclusion into products such as newborn formulae, energy drinks, and injectable vitamins, liquid riboflavin is preferred. Due to consumer demands for quick-acting and easy formulations, its usage in liquid supplements is also increasing. Furthermore, consumers' growing attention to health and well-being and the need for convenient and efficient vitamin solutions are fueling the market for liquid riboflavin, which is also used in fortified beverages and liquid nutraceuticals.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Riboflavin Application Segment Analysis

Riboflavin Market Application Segment Analysis

According to Cognitive Market Research, the animal feed segment holds the largest market share. Riboflavin has a critical function in promoting animal health, growth, and productivity, which is why its demand in animal feed applications is increasing quickly. Riboflavin, an essential nutrient for aquaculture, poultry, and livestock, improves energy metabolism, immune system function, and reproduction. Supplements containing vitamins are often added to animal feed formulas to prevent vitamin deficiencies and enhance overall performance. Riboflavin is being used more in the animal nutrition market to ensure healthier animals and higher yields as the demand for meat, dairy, and other animal products grows worldwide, and feed needs to be nutritionally enhanced.

Dietary supplements are anticipated to be the fastest-growing segment in the Riboflavin market. Demand for riboflavin in dietary supplements is rising as people give greater importance to their health and fitness. Riboflavin is a key ingredient in many multivitamins and B-complex supplements. It is necessary for metabolism, energy production, and healthy skin and eyes. It's commonly used to prevent or treat riboflavin deficiencies, especially in those with specific medical conditions or strict diets. The expanding emphasis on healthcare prevention and the rising awareness of the deficiency of vitamins are driving the need for riboflavin in dietary supplements. Riboflavin thus plays a bigger role in the global nutraceutical industry.

• Food and Beverage
• Dietary Supplements
• Animal Feed
• Personal Care
• Pharmaceuticals
• Other Applications

Riboflavin Distribution Channel Segment Analysis

Riboflavin Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the offline segment dominates the market. Because of the existence of pharmacies, health stores, supermarkets, and specialty shops, the offline distribution channel for riboflavin is still a significant market. When buying riboflavin supplements, consumers still prefer to shop in physical stores since they can get them quickly, can get a personal consultation, and can trust well-known retail brands. Particularly when it comes to providing knowledgeable guidance and directing customers toward the right items, pharmacies, and health food stores are essential. Furthermore, the increasing number of foods in supermarkets that are fortified with riboflavin is increasing offline sales, guaranteeing that traditional retail channels will continue to hold a substantial share of the market.

Online is projected to be the fastest-growing segment in the Riboflavin market. Because of the growing trend toward e-commerce and digital health platforms, the online riboflavin distribution channel is expanding significantly. The popularity of online shops is growing among consumers who want simple access to nutritional supplements like riboflavin, a large selection of products, and convenience. Online platforms give retailers and manufacturers the ability to reach a larger audience while providing individualized recommendations, cost savings, and doorstep delivery. Online sales are a key factor driving the riboflavin market, as this trend is further supported by rising health consciousness and the growth of e-commerce in developing nations.

• Online
• Offline

Author's Detail

Ashwini Moharir

Research Analyst at Cognitive Market Research

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Enthusiastic and analytical market research professional with 2 years of hands-on experience in tracking market trends, evaluating consumer behavior, and supporting strategic decision-making. Proficient in designing surveys, conducting interviews, and synthesizing insights from both primary and secondary sources. Successfully contributed to research projects across sectors such as retail, personal care, and industrial markets. Brings a keen eye for detail, strong data interpretation skills, and a passion for uncovering what drives markets forward. Comfortable working in fast-paced environments and collaborating across departments to deliver clear, actionable findings.

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