In the first and second quarters of 2023, the price trend of biotin varied across regions. In Asia, it fluctuated due to reduced demand from downstream industries, though China’s export rates and eased trade policies temporarily boosted international offtakes. In Europe, the trend remained generally positive due to expensive Asian imports, increased demand, and declining inventories, though it dipped toward the end of the second quarter due to reduced buyer interest, rising inventories, and economic challenges. Meanwhile, North America experienced a consistent decline in biotin prices in Q1, influenced by restricted trade, inflation, and energy market uncertainties, with only a temporary price increase driven by large orders.
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Definition
Biotin, also known as vitamin H or B7, is a water-soluble B-complex vitamin essential for various metabolic processes. It serves as a coenzyme in the synthesis of fatty acids, amino acids, and glucose, playing a critical role in energy production and maintaining healthy skin, hair, and nails. Biotin is obtained through dietary sources such as eggs, nuts, and certain vegetables or as a dietary supplement. Its deficiency can lead to skin disorders, hair loss, and other health issues, making it an important micronutrient for overall well-being.
Key Details About the Biotin 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 Biotin 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 Biotin Price trends, including India Biotin price, USA Biotin 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 the Biotin Price Trend:
Biotin, primarily recognized as a vital dietary supplement and essential nutrient for human well-being, has diverse industrial applications. The pharmaceutical sector utilizes biotin in medications to address deficiency issues and enhance skin, hair, and nail health. In biotechnology, it acts as a labeling agent, aiding biomolecule detection in laboratory assays. Biotin is employed in fortifying food and beverages, including energy drinks and infant formulas. Within cosmetics and personal care products, it features in shampoos, conditioners, and nail care items due to its perceived benefits for hair and nails. Moreover, biotin serves as a stabilizing agent in the production of various materials like plastics and polymers, contributing to its versatility and industrial significance.
Key Players:
- Church & Dwight Co Inc
- Nestle S.A.
- Nutraceutical Corporation
- Life Extension Foundation Buyers Club Inc
- The Nature’s Bounty Co
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