Biotin Prices

Biotin Prices June 2024

In the United States, for Q2 2024, the market reached 2,00,200 USD/MT in June. In the United States, biotin prices showed marked declines throughout Q2 2024, shaped by weak market sentiment and restrained spending from both consumers and industries. With limited seasonal demand and restrained purchasing behaviors, the market reflected a persistent oversupply. The overall pricing conditions remained negative as economic challenges weighed on consumer spending power, reflecting the lasting impact of high interest rates.

The price trend for biotin in China for Q2 2024 settled at 1,38,150 USD/MT in June. In China, Q2 2024 biotin prices dropped significantly, primarily due to weak demand and stagnant market sentiment. Ongoing economic pressures led suppliers to reduce prices to manage inventory, while low customer confidence and a seasonal slowdown only worsened the price trend. The overall situation highlighted substantial challenges, underscoring the market’s need for strategic recovery measures.

In Germany, the prices for Q2 2024 reached 1,57,350 USD/MT in June. In Germany, biotin prices in Q2 2024 continued their downward trend, driven by limited end-user demand and wary customer behavior during inflation. Economic stagnation and a supported Euro reduced import rates, exerting additional pressure on market rates. Persistent oversupply and muted downstream demand reinforced a bearish market outlook, indicating the broader economic challenges shaping the quarter's pricing landscape.

Biotin Prices December 2023

In the fourth quarter of 2023, the price of biotin in the United States reached 278595 USD/MT by December. Similarly, in China, the biotin prices hit 150000 USD/MT in the same month. Besides, Germany also saw biotin prices reaching 168495 USD/MT during Q4 2023.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the biotin price trend. 

Global Biotin Price

The report offers a holistic view of the global biotin pricing trends in the form of biotin price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of biotin, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed biotin demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Biotin Price

Q2 2024:

In Europe, the market exhibited decreasing prices, with market conditions showing ongoing challenges. Downward pressure was caused by a combination of factors, including restrained consumer expenditure owing to inflation worries, increasing stockpiling, surplus in the supply chain, stability concerns, and weak demand from downstream sectors. This pressure was increased when import rates were further lowered by the stronger Euro relative to the USD. In Germany, where the biggest price variations occurred, dull economic conditions and low end-user demand put pressure on biotin prices. By the quarter’s end, the market presented a negative trend, where numerous economic pressures and an oversupply imbalance fueled continued price reductions, signaling the need for market adjustments to stabilize the downward movement.

Q4 2023:

European biotin prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for biotin can also be provided for an extensive list of European countries.

North America Biotin Price

Q2 2024:

The North American biotin market in Q2 2024 saw a steady downturn, largely impacted by constant economic strains that dampened demand. Factors such as supply chain issues, high stock levels, and decreased consumer spending due to inflation all contributed to lower prices. The policy of sustaining elevated interest rates to tackle inflation by the Federal Reserve further eroded purchasing power, amplifying a restrained market sentiment. In the U.S., biotin prices experienced significant drops, reflecting industrial spending and wary customer behavior. During the quarter, demand remained muted, highlighting a persistent surplus and weak purchasing trend, and seasonality provided little respite. The quarter concluded with Biotin prices in a clearly downward trajectory, shaped by economic considerations that reflect limited indications of immediate improvement.

Q4 2023:

The analysis of biotin prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific biotin historical data within the United States and Canada can also be provided.

Middle East and Africa Biotin Price

The report explores the biotin pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Biotin Price

Q2 2024:

The market faced a difficult environment in the Asia Pacific region during Q2 2024, as prices steadily declined as a result of both excess supply and stagnant downstream demand. In order to manage excess inventory amid market volatility, market players started selling off stocks at lesser rates as a result of the wider economic slowdown, which was made worse by trade barriers and geopolitical tensions. In China, biotin prices reflected the most pronounced drop, driven by weak demand and sluggish consumer confidence, creating an overarching bearish sentiment across the region. Seasonal demand variations, compounded by low buyer confidence, only furthered the decline. By the end of the quarter, the market remained in a downward trend, highlighting the region's need for cohesive economic interventions to balance supply and stimulate recovery.

Q4 2023:

The biotin pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This biotin price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Biotin Price

The analysis of biotin prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Biotin Price Trend, Market Analysis, and News

IMARC's latest publication, “Biotin Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” presents a detailed examination of the biotin market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of biotin at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed biotin price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting biotin pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Biotin Market Analysis

The global biotin market size reached US$ 600 Thousand Tons in 2023. By 2032, IMARC Group expects the market to reach US$ 946.9 Thousand Tons, at a projected CAGR of 5.20% during 2023-2032.

• There is a growing global awareness regarding health and wellness, with more individuals seeking products that support their nutritional needs. Biotin, known for its benefits to hair, skin, and nail health, has become a sought-after supplement in the health and wellness sector.
• The cosmetics industry is widely using biotin in many products aimed at enhancing hair, skin, and nail health. This has led to an increased demand for biotin as an ingredient, contributing to market growth. For instance, Merck Group introduced Ronacare biotin plus which offers an active ingredient a unique synergistic mix that includes biotin, alongside a buffering system and a penetration enhancer that is formulated to deliver the ideal concentration of biotin to the skin upon topical application. It can be applied to the face, body, hair, hand, and nail.
• There is a notable rise in consumer spending on personal care products, including those that contain biotin, as people invest more in their appearance and health.
• The dietary supplement market is expanding globally, with biotin supplements being one of the many products individuals incorporate into their daily regimen for improved health and well-being. According to the National Institutes of Health (NIH), an adult above age 19 requires 30 mcg while breastfeeding teens and women require 35 mcg.
• The continuous innovation in product formulation and the introduction of biotin in various forms, such as gummies, tablets, and powders, have made it more accessible and appealing to a broader audience. For instance, Carbamide Forte offers biotin gummies for hair, skin, and nails supplement which contain 60 veg gummies in orange and strawberry flavor. Also, the rising incidences of hair loss and dermatitis are turning individuals toward biotin supplements as a form of treatment, thus creating a positive market outlook.
• The ongoing research and development (R&D) activities highlight the benefits of biotin in health and cosmetics and have bolstered its adoption and usage across numerous sectors.

Biotin News

The report covers the latest developments, updates, and trends impacting the price of biotin, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the biotin price trend.

Latest developments in the biotin industry:

• February 2021, dsm-firmenich, a global science-based company in nutrition, health and sustainable living, declared a legal triumph against Anhui Tiger Biochemical Co., Ltd. and Anhui Tiger Vitamin Industry Co., Ltd. in court. As per the ruling recently upheld by the supreme people’s court, Tiger is prohibited from producing a significant biotin intermediate utilizing a patented process owned by DSM-Firmenich, and from manufacturing biotin using the aforementioned prepared intermediate.
• June 2023, DSM firmenich offers ROVIMIX biotin for cows that offer them refined hoof strength and durability, and offer higher milk yields for better returns, resulting in rising profits.

Product Description

Biotin, also known as vitamin B7 or vitamin H, is a water-soluble vitamin that is essential in various bodily functions. The molecular formula for biotin is C₁₀H₁₆N₂O₃S. It is also essential for the metabolism of fats, carbohydrates, and proteins, aiding in the conversion of food into energy. and contributes to the maintenance of healthy hair, skin, and nails.

Biotin is synthesized by certain bacteria, yeasts, molds, algae, and plants. These organisms produce biotin through enzymatic reactions involving specific precursor molecules. Foods rich in biotin, such as liver, egg yolks, nuts, seeds, and some vegetables, derive their biotin content from these natural sources. Commercially, biotin can be produced synthetically through chemical synthesis methods which are used in dietary supplements, fortified foods, cosmetics, and various industrial applications.

Biotin is also widely used in pharmaceuticals, cosmetics and personal care, food and beverage (F&B), animal feed, biotechnology and research, and diagnostic testing.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of biotin pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting biotin price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The biotin price charts ensure our clients remain at the forefront of the industry.