Global Biotin market will reach 830 million US$ by the end of 2025 Custom Research｜Research Report｜Management Consulting｜Seminar｜Database
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QYResearch • 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%.
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QYResearch • 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 220 million US$ in 2017 and will reach 830 million US$ by the end of 2025, growing at a CAGR of 18.1% during 2018-2025.
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