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(IT-NEWSWIRE.COM, September 10, 2018 ) This report covers the present scenario (with the base year being 2017) and the growth prospects of global Biotin market for 2018-2023.
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%.
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.
Over the next five years, this report projects that Biotin will register a 18.2% CAGR in terms of revenue, reach US$ 590 million by 2023, from US$ 220 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Biotin market by product type, application, key manufacturers and key regions.
To calculate the market size, this report considers value and volume generated from the sales of the following segments:
Segmentation by product type:
1% Biotin
2% Biotin
Pure Biotin (>98%)
Other
Segmentation by application:
Food
Pharma & Cosmetics
Animal Feed
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Zhejiang Medicine
SDM
Hegno
Shanghai Acebright
NUH
Anhui Tiger Biotech
Kexing Biochem
DSM
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Biotin consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Biotin market by identifying its various subsegments.
Focuses on the key global Biotin manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Biotin with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Biotin submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Madhuri Vetal
NxtGen Reports
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Phone: +918551022388
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NxtGen Reports
Madhuri Vetal
+918551022388
sales@nxtgenreports.com
Source: EmailWire.Com 
Source: EmailWire.com
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