Product Code: ETC351684 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India Vitamin B2 market import shipments exhibited strong growth momentum with a CAGR of 15.0% from 2020 to 2024. The market experienced accelerated expansion with a growth rate of 31.4% between 2023 and 2024, indicating significant market expansion and increasing demand during the period.
The India vitamin B2 market size was estimated at around USD 31 million in 2025 and is projected that it will grow at a CAGR 8% between 2025-2031. This steady yet impressive growth can be mainly attributed its key roles related energy metabolism.
The India vitamin B2 market is experiencing growth due to the rising demand for dietary supplements and fortified food products. Vitamin B2, also known as riboflavin, is an essential nutrient that supports energy production, cellular function, and overall well-being. The increasing awareness of the health benefits of vitamin B2 has led to its incorporation into a wide range of food products, including dairy, cereals, and beverages, to enhance nutritional value. Moreover, the rise in consumer awareness of the importance of preventive healthcare and the demand for vitamins and minerals to support immune function have contributed to the growing popularity of vitamin B2 supplements.
The India vitamin B2 market confronts challenges related to competition from other vitamins and nutrient supplements. While vitamin B2 (riboflavin) is essential for various cellular functions, other vitamins like vitamin C and vitamin D also play crucial roles in maintaining health. The need to promote the unique benefits of vitamin B2 and its specific functions is crucial to distinguish it from other vitamin supplements. Furthermore, the demand for fortified and enriched food products may pose a challenge for the vitamin B2 market. Some consumers may prefer obtaining essential nutrients through fortified foods rather than through individual vitamin supplements. Manufacturers need to strategize and collaborate with the food industry to incorporate vitamin B2 into fortified products effectively.
The India vitamin B2 market experienced varied impacts from the COVID-19 pandemic. On one hand, the increased emphasis on preventive healthcare and well-being during the pandemic led to higher demand for vitamin B2 supplements as part of a balanced diet. However, the market also faced challenges related to supply chain disruptions and logistics. The restrictions on movement and trade disruptions affected the sourcing of vitamin B2 supplements, leading to potential delays in production and delivery.
The India vitamin B2 market includes major pharmaceutical companies and nutraceutical manufacturers. Key players such as Abbott Laboratories, GlaxoSmithKline plc, and Sanofi S.A. are prominent in offering vitamin B2 supplements and fortified products. These companies cater to the increasing demand for vitamin B2 in functional foods, beverages, and dietary supplements. They play a crucial role in promoting overall health and well-being by providing essential vitamin B2 to consumers. Additionally, several local and regional nutraceutical companies also participate in the market, providing vitamin B2-enriched products for specific regional markets.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Vitamin B2 Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Vitamin B2 Market Revenues & Volume, 2021 & 2031F |
3.3 India Vitamin B2 Market - Industry Life Cycle |
3.4 India Vitamin B2 Market - Porter's Five Forces |
3.5 India Vitamin B2 Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Vitamin B2 Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Vitamin B2 Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the importance of vitamin B2 in maintaining overall health and well-being |
4.2.2 Growth in the pharmaceutical and nutraceutical industries leading to higher demand for vitamin B2 supplements |
4.2.3 Rising disposable income and changing lifestyles driving the consumption of vitamin B2 fortified products |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of vitamin B2 |
4.3.2 Stringent regulations and quality standards in the manufacturing process |
4.3.3 Limited consumer awareness and education about the benefits of vitamin B2 leading to lower demand |
5 India Vitamin B2 Market Trends |
6 India Vitamin B2 Market, By Types |
6.1 India Vitamin B2 Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Vitamin B2 Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Vitamin B2 Market Revenues & Volume, By Content 80% Vitamin B2, 2021-2031F |
6.1.4 India Vitamin B2 Market Revenues & Volume, By Content 80%~96% Vitamin B2, 2021-2031F |
6.1.5 India Vitamin B2 Market Revenues & Volume, By Content 98%~102% Vitamin B2, 2021-2031F |
6.2 India Vitamin B2 Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Vitamin B2 Market Revenues & Volume, By Feed Additives, 2021-2031F |
6.2.3 India Vitamin B2 Market Revenues & Volume, By Food Additives, 2021-2031F |
6.2.4 India Vitamin B2 Market Revenues & Volume, By Pharmaceutical & Cosmetic Industry, 2021-2031F |
7 India Vitamin B2 Market Import-Export Trade Statistics |
7.1 India Vitamin B2 Market Export to Major Countries |
7.2 India Vitamin B2 Market Imports from Major Countries |
8 India Vitamin B2 Market Key Performance Indicators |
8.1 Number of new product launches with vitamin B2 as an ingredient |
8.2 Growth in the number of vitamin B2 supplement users |
8.3 Percentage increase in the adoption of vitamin B2 fortified food and beverages in the market |
9 India Vitamin B2 Market - Opportunity Assessment |
9.1 India Vitamin B2 Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Vitamin B2 Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Vitamin B2 Market - Competitive Landscape |
10.1 India Vitamin B2 Market Revenue Share, By Companies, 2024 |
10.2 India Vitamin B2 Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |