The price trend of biotin during the first and second quarters of 2023 displayed regional variations. In Asia, fluctuations occurred due to reduced demand from downstream industries. However, China’s increased export rates and relaxed trade policies momentarily bolstered international offtakes.
Conversely, in Europe, the overall trend remained positive during this period. Expensive imports from Asia, coupled with heightened demand and diminishing inventories, supported the positive trajectory. However, the trend tapered off toward the end of the second quarter due to declining buyer interest, rising inventories, and prevailing economic challenges.
In North America, biotin prices consistently declined throughout the first quarter. This was influenced by constrained trade, inflationary pressures, and uncertainties in the energy market. There was a temporary price increase driven by substantial orders, but this did not sustain the overall downward trend in prices.
Request for Real-Time Biotin Prices: https://www.procurementresource.com/resource-center/biotin-price-trends/pricerequest
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’s role extends far beyond its recognition as a crucial dietary supplement and essential nutrient for human health. In the pharmaceutical sector, it plays a pivotal role in medications designed to address deficiency issues and enhance the health of skin, hair, and nails, contributing to overall well-being.
In biotechnology, biotin serves as a labeling agent, facilitating the detection of biomolecules in laboratory assays, aiding in various research and diagnostic processes.
Furthermore, biotin is a valuable addition to fortified food and beverages, including energy drinks and infant formulas, ensuring adequate nutritional content and catering to specific dietary needs.
Within the realm of cosmetics and personal care products, biotin is a favored ingredient in shampoos, conditioners, and nail care items due to its perceived benefits for hair and nails, promoting their health and vitality.
Additionally, its role as a stabilizing agent in the production of various materials such as plastics and polymers highlights its versatility and significance in industrial applications, contributing to the stability and quality of these materials.
Key Players:
- Church & Dwight Co Inc
- Nestle S.A.
- Nutraceutical Corporation
- Life Extension Foundation Buyers Club Inc
- The Nature’s Bounty Co
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients with up-to-date and pioneering practices in the industry to understand procurement methods, supply chains, and industry trends so that they can build strategies to achieve maximum growth.
Contact Us:
Company Name: Procurement Resource
Contact Person: Christeen Johnson
Email: [email protected]
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA
