During the initial two quarters of 2023, biotin prices underwent diverse fluctuations across different regions. In Asia, these prices oscillated due to decreased demand from downstream industries, yet China’s export rates and relaxed trade policies momentarily bolstered international sales. Meanwhile, Europe observed a generally upward trend owing to costly Asian imports, heightened demand, and diminishing inventories. However, by the latter part of the second quarter, prices dipped due to waning buyer interest, increased inventories, and economic hurdles. Contrastingly, North America encountered a sustained decrease in biotin prices during Q1, influenced by constrained trade, inflation, and uncertainties in the energy market, with a brief price surge attributed to 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 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, known primarily as a crucial dietary supplement and necessary nutrient for human health, holds diverse applications across industries. In pharmaceuticals, it’s used to combat deficiencies and improve skin, hair, and nail conditions. Biotechnology relies on it as a labeling tool for detecting biomolecules in lab tests. Additionally, it fortifies food and beverages, including energy drinks and infant formulas. Its perceived benefits for hair and nails make it a common ingredient in cosmetics like shampoos, conditioners, and nail care products. Beyond that, biotin plays a stabilizing role in producing various materials such as plastics and polymers, showcasing its versatility and industrial importance.
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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