Export of Chinese biotin has broad prospects

Within two years, exports of biotin will continue to rise. People are optimistic about biotin’s exports.Biotin, also known as vitamin H belonging to B vitamins. In the early 1990s, the western pharmacologists found that biotin has a lot of new interesting uses, including preventing the fetus caused by abnormal development of neural tube birth defects, promoting the decomposition of body fat, weight loss. Then biotin attracted the attention of the medical profession. Recent research demonstrates that biotin is also an effective treatment is currently the world high incidence of type 2 diabetes, a finding that makes the average of the original sales biotin has become one of the world pharmaceutical market in hot demand.

Before the 1990s, biotin and international markets have been monopolized by a few large companies in the West. Although China as early as the end of the 1960s had already begun trial production of biotin, but due to the backward techniques and high cost of production factors, production has not only meet part of the demand of the Chinese market, each year needs to import a large parts. This situation began to change in the early 1990s. International biotin market price. The pharmaceutical companies actively engaged in biotin production of bulk drugs. With the rapid expansion of biotin vendor team, not only the end of the long-term dependence on imports, a large number of domestic biotin also began to flock to the international market. However, the biotinylated products of China's exports are basically low added value of feed-grade biotin, and the selling price is high pharmaceutical grade or cosmetic grade biotin market is still dominated by large companies in the west.

Biotin manufacturers pay close attention to product quality, so their products are very popular in foreign countries. Biotin with strong international market competitiveness. Abroad, the major minoxidil vitamin manufacturers to abandon production of feed-grade biotin, still in rapid development of the world's farming, so it can be predicted that within two years, China the biotin export volume will continue rising, the export of feed-grade biotin The price can be maintained at a level of 500 to 550 U.S. dollars per kilogram or more of pharmaceutical grade Biotin bulk drugs export prices expected to rise to 1400 to $ 1800 per kilogram.

Although export amount of biotin in China ranks first in the world, the main export product is high feed-grade biotin with low added value. While international market of higher grade value-added pharmaceutical biotin is still firmly controlled by several large companies in the west countries. Chinese companies are difficult to compete with them. Chinese biotin bulk drugs manufacturers should also be prepared and make efforts to improve the export products in order to have a big share in the international high-end market.Source:http://www.cosprm.com