Vitamin H: Slow increase in terminal demand and overcapacity

Vitamin H is one of the B vitamins, also known as biotin, vitamin B7, coenzyme R (Coenzyme R), etc. It is an essential substance for the synthesis of vitamin C and an indispensable substance for metabolism. It is a nutrient necessary to maintain the human body's natural growth, development and normal human function and health. Vitamin H is currently mainly used in food and beverage, medicine, feed additives and other fields, of which feed additives account for a relatively high proportion of about 75%, followed by the pharmaceutical field accounting for about 18%, and the food and beverage field accounting for the lowest proportion at 7% about.

In recent years, under the background of stricter supervision on environmental protection and production safety, China’s vitamin production technology has been continuously improved, increasing production efficiency, expanding production, and reducing production costs. With a higher cost performance, it has become popular in overseas markets and exported. Higher.

The livestock and poultry breeding industry has developed for a long time, and the market growth rate has slowed down. Affected by factors such as African swine fever and the epidemic, the market demand for feed additives has increased. Therefore, the global vitamin H market demand is growing at a rate of about 5%. About 254 tons per year, of which more than 80% of the demand comes from overseas markets.