In the fourth quarter of 2021, biotin prices in the United States fell marginally from USD 468370/MT to USD 465700/MT FOB Illinois. The cost of production in the US market improved in Q4, while raw material costs remained unchanged. Demand fundamentals were held in check by offtakes from the downstream nutraceutical business. According to market participants, market dynamics had stabilised in the past few weeks of November as a result of the volatility in energy feedstocks combined with the strengthening shipping industry, that had contributed to price changes over the quarter. Market is expected to strengthen during the next few months of 2022.
Biotin prices in India began to tumble in December and were ultimately settled in January at 33671790 per MT/ Pharma Grade Ex-Mumbai. In terms of demand, demand from the health and nutrition sectors was high in October, with a 3% increase. Due to rising health-consciousness in the region, demand for upstream fumaric acid, which is commonly used in the commercial manufacture of biotin, grew moderately in Q4, supporting the market outlook.
Procurement Resource provides latest prices of Biotin 2%. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Procurement Resource provides prices of Biotin 2% for several regions around the globe, which are as follows:
In general, Biotin is a B group vitamin that plays a crucial role in the formation of keratin in the hoof. Biotin 2%, a free-flowing Biotin powder, is widely used as a supplemental source of biotin in the preparation of livestock feeds. As deficiency of Biotin in the diet may result in hair loss and low fertility in animals, for instance, in poultry it leads to poor feathering, inflammation of beak, legs and toes, fatty liver and kidney syndrome (FLKS), its proper intake is extremely necessary. Thus, it helps in maintaining good animal health.
Production Process (Biotin):
Biotin is prepared from two precursors, namely, alanine and pimeloyl-CoA, that is obtained by a modified fatty acid pathway utilising a malonyl thioester as the starter. These two precursors utilise three enzymes to produce Biotin as the final product.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).