Vitamin B2 Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Sales Channel (Direct, Indirect), By End Use (Animal feed, Pharmaceuticals & Supplements, Food & Beverage Fortification, Colorant, Others), By Region and Competition, 2020-2030F

Market Overview

Global Vitamin B2 Market was valued at USD 497.70 Million in 2024 and is expected to reach USD 721.99 Million by 2030 with a CAGR of 4.20%. As a water-soluble vitamin essential for energy production and cellular function, Vitamin B2 plays a critical role in maintaining overall health and well-being, which continues to drive its demand globally. One of the primary growth drivers is the growing emphasis on preventive healthcare and nutrition. Consumers are becoming more proactive in managing their health, which has led to increased consumption of vitamin-enriched foods and supplements. Riboflavin, known for its role in boosting metabolism, maintaining healthy skin, and supporting eye and nerve function, is increasingly featured in multivitamin formulations and fortified food products.

Additionally, the animal feed industry is contributing significantly to market growth. Vitamin B2 is vital for livestock health, particularly in enhancing growth rates, reproductive performance, and immunity. The increasing demand for high-quality meat and dairy products, especially in emerging economies, is fueling the use of vitamin-enriched feed additives.

Key Market Drivers

Growth in Pharmaceutical Industry

The accelerating expansion of the pharmaceutical industry is emerging as a major catalyst for growth in the global Vitamin B2 (riboflavin) market. The global pharmaceutical industry has experienced significant expansion over the past two decades, reaching an estimated revenue of approximately USD 1.6 trillion in 2023. This remarkable growth has elevated the industry's market value to a level comparable with the gross domestic products (GDP) of countries such as Spain, Mexico, and Australia. Riboflavin’s integral role in the formulation of various therapeutic products has positioned it as a high-demand ingredient across pharmaceutical applications, particularly in both developed and emerging markets.

Vitamin B2 is widely recognized for its essential function in cellular energy metabolism, antioxidant protection, and enzyme activation. Eisai Co., Ltd. was the pioneer in launching “Chocola BB Royal T,” a new pharmaceutical tablet under the company’s flagship consumer healthcare brand, the Chocola BB series. “Chocola BB Royal T” is distinguished by its proprietary “Royal T formula,” which strategically combines key ingredients to support efficient energy production. This includes activated vitamin B2, which plays a vital role in fat metabolism and energy conversion; royal jelly, rich in amino acids and minerals; and taurine, which aids in the metabolism of fatigue-related substances. These attributes make it a vital component in the development of pharmaceutical preparations aimed at addressing nutritional deficiencies, treating chronic fatigue, and supporting neurological health. With a rising global burden of non-communicable diseases and malnutrition, the demand for vitamin-enriched formulations continues to gain momentum.

Growth in Food & Beverages Industry

The rapid expansion of the global food and beverages industry has emerged as a key driver of the Vitamin B2 (riboflavin) market, owing to the growing integration of nutritional additives into food products aimed at improving health and wellness. Meat processing represents the largest sector within the food and beverage manufacturing industry, leading in terms of sales, value added, and employment. This sector encompasses livestock and poultry slaughter, processing, and rendering activities. In 2021, meat processing accounted for 26.2 percent of total industry sales. Other significant sectors by sales include dairy at 12.8 percent, other foods at 12.4 percent, beverages at 11.3 percent, and grain and oilseeds at 10.4 percent. As consumer preferences continue to shift toward functional and fortified foods, the demand for Vitamin B2, an essential micronutrient that supports energy production and metabolic function has experienced significant growth.

Food and beverage manufacturers are increasingly incorporating Vitamin B2 into a wide range of products, including dairy alternatives, cereals, infant formulas, energy drinks, and nutritional bars. This trend is largely fueled by rising health awareness, changing dietary habits, and a surge in preventive healthcare practices, particularly in developed economies. In emerging markets, improving income levels and a growing middle-class population are further propelling the consumption of value-added, nutrient-enriched food products.

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Key Market Challenges

Volatility in Raw Material Supply

The global Vitamin B2 market faces considerable challenges due to volatility in the supply of raw materials, which directly impacts production costs, product availability, and overall market stability. Fluctuations in the availability and pricing of key raw materials used in riboflavin manufacturing have become a critical concern for manufacturers and stakeholders across the value chain.

Several factors contribute to this volatility. Firstly, raw materials for Vitamin B2 production, such as specific fermentation substrates and chemical precursors, are often sourced from limited geographic regions, making the supply chain vulnerable to disruptions caused by geopolitical tensions, trade restrictions, and environmental factors. Natural disasters, labor shortages, and regulatory changes in key producing countries further exacerbate supply unpredictability.

Key Market Trends

Rising Preference for Natural Sources

A growing consumer inclination toward natural and clean-label products is shaping the trajectory of the global Vitamin B2 (riboflavin) market. Global sales of organic food have experienced significant growth from 2000 to 2023. In 2023, organic food sales reached approximately USD 136.3 billion, a substantial increase from nearly USD 18 billion recorded in 2000. This shift is largely driven by increased health consciousness, environmental awareness, and a demand for transparency in ingredient sourcing, compelling manufacturers and suppliers to prioritize naturally derived riboflavin over synthetic alternatives.

Natural Vitamin B2, typically extracted from microbial fermentation processes involving fungi or bacteria, is favored for its perceived superior safety profile and eco-friendly production methods. Consumers and regulatory bodies alike are increasingly scrutinizing synthetic additives, resulting in a market-wide pivot toward ingredients that align with organic, non-GMO, and sustainable standards.

Segmental Insights

Sales Channel Insights

Based on Sales Channel, Direct have emerged as the fastest growing segment in the Global Vitamin B2 Market in 2024. One key factor driving this growth is the increasing preference among manufacturers to bypass intermediaries and engage directly with large-scale buyers such as pharmaceutical companies, food and beverage manufacturers, and healthcare providers. This direct engagement allows suppliers to better understand customer needs, offer customized solutions, and respond quickly to market demands, thereby improving customer satisfaction and loyalty.

End Use Insights

Based on End Use, Colorant have emerged as the fastest growing segment in the Global Vitamin B2 Market during the forecast period. Vitamin B2 (riboflavin) is widely used as a natural yellow-orange colorant in the food and beverage industry. Increasing consumer preference for clean-label and naturally derived ingredients has significantly boosted the demand for Vitamin B2 as a safe and effective alternative to synthetic dyes. This trend toward natural additives is especially prominent in regions like Europe and North America, where regulatory bodies and consumers favor products with minimal artificial components.

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Regional Insights

Based on Region, North America have emerged as the dominating region in the Global Vitamin B2 Market in 2024. Consumers in North America exhibit heightened awareness of nutritional health and preventive care. There is a strong preference for fortified foods, dietary supplements, and functional beverages enriched with essential vitamins such as Vitamin B2 (riboflavin). This growing demand for wellness-oriented products drives substantial market growth in the region.

Recent Development

• In April 2024, DSM-Firmenich, a global leader in health, nutrition, and beauty, announced the launch of Humiome B2, the world’s first ‘biotic’ vitamin, at Vitafoods Europe 2024 in Geneva. This innovative product is engineered to deliver targeted vitamin B2 release directly to the colon, providing prebiotic-like benefits that support and modulate the gut microbiome. By enhancing gut barrier integrity, immunity, mental well-being, and metabolic health, Humiome B2 offers a distinct advantage over traditional B2 supplements. Unlike conventional formulations where most vitamin B2 is absorbed in the small intestine, Humiome B2 releases approximately 90% of its vitamin B2 content in the lower intestine and colon home to 90% of the body’s microbiota with the remaining 10% absorbed in the small intestine.
• In 2025, IIT Indore advanced efforts to enhance rural living through innovative research initiatives. Led by the Centre of Rural Development and Technology (CRDT), the Institute adopted neighboring villages to tackle critical challenges including sustainability, post-harvest management, water and sanitation, solid waste management, education, and governance. The approach incorporates Photodynamic Inactivation (PDI) technology, employing a specially designed kit that uses a safe, derivatized Vitamin B2 spray as a photosensitizer alongside a flash visible light source at wavelengths of 455 and 476 nm. This combination effectively eliminates microbes on both open and packaged food products, ensuring thorough sterilization and preventing microbial proliferation.
• In 2025, Safilens broadened its innovative product portfolio with the introduction of DELIVERY RIBO, a cutting-edge contact lens in its category. This lens is specifically designed for individuals frequently using digital devices, aiming to provide accommodative support that reduces visual strain while protecting the cornea, crystalline lens, and retina from harmful high-energy visible (HEV) light. DELIVERY RIBO lenses deliver targeted Lachryceuticals, including Riboflavin (Vitamin B2), Vitamin E-TPGS, Hyaluronic Acid, and TSP. Vitamin E-TPGS acts as a permeation enhancer, facilitating the diffusion of these substances into both the anterior and posterior segments of the eye. Together, Riboflavin and Vitamin E-TPGS play a critical role in ocular health by shielding the cornea, crystalline lens, and retina from UV and HEV light, thereby safeguarding the retina and superficial epithelial cells from UV-induced damage.
• In October 2024, Tonik strategically expanded its footprint across multiple Asian markets by introducing transdermal patches that incorporate homeopathic formulations, prominently featuring Vitamin B2. These patches are specifically designed to support sleep quality and alleviate stress, leveraging the well-documented benefits of Vitamin B2 in promoting cellular energy production and reducing fatigue. This product launch reflects Tonik’s commitment to addressing growing consumer demand for natural and effective wellness solutions, while capitalizing on the increasing awareness of vitamin-based therapies in the region. By combining innovative delivery methods with essential nutrients like Vitamin B2, Tonik aims to strengthen its market position and meet the evolving needs of health-conscious consumers.

Key Market Players

• Hubei Guangji Pharmaceutical Co., Ltd
• dsm-firmenich
• BASF SE
• Haijianuo Pharmaceutical Co., Ltd.
• Zhejiang Shengda Bio-Pharm Co Ltd.
• Shandong Hongda Biological Technology Co., Ltd.
• Xinfa Pharmaceutical Co. Ltd
• N.B Group Co. Ltd

Report Scope

In this report, the Global Vitamin B2 Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Vitamin B2 Market, By Sales Channel:

o   Direct

o   Indirect

• Vitamin B2 Market, By End Use:

o   Animal feed

o   Pharmaceuticals & Supplements

o   Food & Beverage Fortification

o   Colorant

o   Others

• Vitamin B2 Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Vitamin B2 Market.

Available Customizations:

Global Vitamin B2 Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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