The Biotin Price Index exhibited varied trends across regions during the first and second quarters of 2023. In Asia, fluctuations were observed due to diminished demand from downstream industries, although temporary boosts in international off-takes were recorded owing to China's export rates and relaxed trade policies. Conversely, in Europe, the index generally trended positively, driven by costly Asian imports, heightened demand, and dwindling inventories; however, it experienced a downturn towards the end of Q2 due to waning buyer interest, inventory build-up, and economic challenges. Meanwhile, North America witnessed a consistent decline in the Biotin Price Index during Q1, influenced by restricted trade, inflation, and uncertainties in the energy market, with only sporadic increases attributed to 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 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 and essential nutrient for human health, boasts a range of industrial applications. In the pharmaceutical sector, it is incorporated into medications to combat deficiency ailments and enhance the health of skin, hair, and nails. In biotechnology, biotin serves as a labeling agent, aiding in the detection of biomolecules in laboratory assays. It is also utilized in fortifying food and beverages, including energy drinks and infant formulas. Within the realm of cosmetics and personal care products, biotin is a common ingredient in shampoos, conditioners, and nail care items due to its perceived benefits for hair and nails. Furthermore, biotin acts as a stabilizing agent in the production of various 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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