In the first half of 2023, the Asian market for Biotin 2% experienced mixed price patterns. Slow Chinese industrial revival initially kept prices low, but stable demand from pharmaceutical and fodder markets, supported by existing inventory, stabilized prices. In Q2, supply constraints caused prices to rise, but increased production gradually balanced supply and demand. However, prices eventually declined. In Europe, fluctuating prices were influenced by expensive Chinese imports due to currency depreciation, impacting market sentiments. Stable demand initially kept prices high, but as end user inquiries decreased, prices declined. Similarly, North America saw declining prices initially, followed by an incline due to increased demand, but eventually prices declined again due to oversupply.
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Definition
Biotin 2% is a specific concentration of the essential B-vitamin biotin. It is commonly used in various industries, including pharmaceuticals, animal feed, and dietary supplements. Biotin is vital for supporting healthy hair, skin, and nails, as well as playing a crucial role in various metabolic processes in the body. The 2% concentration denotes the amount of biotin present in a particular product or formulation, ensuring an adequate and controlled dosage for specific applications.
Key Details About the Biotin 2% 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 the Biotin 2% 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 2% Price chart, including India Biotin 2% price, USA Biotin 2% 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 2% Price Trend:
Biotin 2% finds key industrial uses in pharmaceuticals, animal feed, and dietary supplements. It is essential for promoting healthy hair, skin, and nails. Additionally, biotin plays a crucial role in various metabolic processes, making it valuable in enhancing overall health and well-being.
Key Players:
- Zhejiang Shengda Bio-pharm Co., Ltd.
- Koninklijke DSM N.V.
- Uckele Health & Nutrition Inc.
- Zagro Asia Limited
- SynQuest Laboratories, Inc. (Central Glass Co., LTD.)
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