During the initial and second quarters of 2023, the price trajectory of biotin exhibited fluctuations across different regions. In Asia, the variability was attributed to diminished demand from downstream industries, yet a temporary upswing occurred as China’s export rates and relaxed trade policies momentarily bolstered international consumption. In Europe, the overall trend remained positive, driven by costly Asian imports, heightened demand, and diminishing inventories. However, it experienced a downturn towards the conclusion of the second quarter, influenced by waning buyer interest, increasing inventories, and economic challenges. Meanwhile, North America witnessed a consistent downturn in biotin prices during Q1, influenced by constrained trade, inflation, and uncertainties in the energy market, with only a brief price surge driven by substantial 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 chart, 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, widely acknowledged as a crucial dietary supplement essential for human well-being, finds application across various industries. In the pharmaceutical sector, biotin is incorporated into medications to address deficiencies and promote the health of skin, hair, and nails. Biotechnology utilizes biotin as a labeling agent, aiding in the detection of biomolecules in laboratory assays. Additionally, it plays a role in fortifying food and beverages, including energy drinks and infant formulas. In the realm of cosmetics and personal care products, biotin is featured in shampoos, conditioners, and nail care items, owing to its perceived benefits for hair and nails. Beyond that, biotin serves as a stabilizing agent in the production of diverse materials such as plastics and polymers, underscoring 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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