Global Biotin market value is expected to reach 341.66 million USD by 2023

Author: QYResearch  |   Published Date: 2018-04-16   |   Views: 298

Publisher: QYResearch

Published Date: 2018-04-16


Biotin is a water-soluble B-vitamin, also called vitamin B7 and formerly known as vitamin H or coenzyme R. It is composed of a ureido ring fused with a tetrahydrothiophene ring. A valeric acid substituent is attached to one of the carbon atoms of the tetrahydrothiophene ring. Biotin is a coenzyme for carboxylase enzymes, involved in the synthesis of fatty acids, isoleucine, and valine, and in gluconeogenesis.

There are 1%, 2% and original pure (>98%). 1% and 2% Biotin are used in Animal Feed and food, while sometimes for feed, and original pure for Pharma & Cosmetics. Animal Feed is the largest application of Biotin, which takes market share of 78.92% in 2016 in terms of sales volume. Biotin is also widely used in Pharma & Cosmetics market, with a market share of 15.08%.

Commercial production of Biotin is only realized for D- Biotin. DL- Biotin is not manufactured in large scale in the worldwide. The Biotin production is in China. Leading suppliers in China, Zhejiang Medicine Company, NHU, SDM and Hegno. Zhejiang Medicine Company is the largest supplier of Biotin in the worldwide, with market share of 27.63% in 2016. The market concentration of Biotin is quite high, with the top 8 suppliers take more than 98% of market. The additive ratio of Biotin is low in downstream market, which means the manufacturers have bargaining rights over downstream users.

The global Biotin market is valued at USD 182.38 million in 2016 and is expected to reach USD 341.66 million by the end of 2023, growing at a Growth Rate of 9.38% between 2016 and 2023.

The Global Biotin Market Research Report 2017 report released by QYResearch provides a basic overview of the Biotin industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Biotin industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

Click to view the full report:http://www.qyresearchglobal.com/goods-1017964.html
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