D-Biotin Market by Grade (Cosmetic Grade, Food Grade, Pharmaceutical Grade), Application (Animal Feed, Food & Beverage, Pharma & Cosmetics) - Global Forecast 2024-2030

D-Biotin Market by Grade (Cosmetic Grade, Food Grade, Pharmaceutical Grade), Application (Animal Feed, Food & Beverage, Pharma & Cosmetics) - Global Forecast 2024-2030

The D-Biotin Market size was estimated at USD 582.66 million in 2023 and expected to reach USD 636.73 million in 2024, at a CAGR 9.49% to reach USD 1,099.30 million by 2030.

D-Biotin, also known as vitamin H and B7, is a water-soluble vitamin, which is essential in maintaining skin, hair, and nail health and metabolism. It is an essential micronutrient involved in numerous biological processes such as cell growth and replication, protein synthesis, fatty acid metabolism, and glucose regulation. The rising demand for dietary supplements owing to growing health-conscious consumers is one of the major contributors to the market's expansion. In addition, the growing prevalence of biotin deficiency-related disorders, including alopecia and dermatitis, is expanding the usage of biotin-based products in medical treatments. Furthermore, the escalating utilization of biotin in cosmetic products for enhancing hair strength and promoting healthy skin is driving market growth. The adverse side effects and drug interactions due to excessive consumption or improper use of biotin-containing products hampers market growth. Increasing development of innovative plant-based sources of biotin, which helps to address the growing demand for sustainable and eco-friendly raw materials, is expected to create opportunities for market growth.

Regional Insights

In the Americas, an increasing inclination of people toward calorie reduction and weight loss has positively impacted the need for dietary supplements in the region. The region has a significant influence in promoting health and wellness and, thus, has a substantial positive impact on the demand for dietary supplements, thereby expanding the usage of D-biotin. Increasing consumer awareness toward the importance of skincare with the changing lifestyle and increasing level of pollution is expanding the demand for D-biotin in Europe. Rising consumer preferences toward healthy lifestyles, fueling interest in nutraceuticals and functional food enriched with essential nutrients, including biotin, is expected to create a platform for market growth in Asia-Pacific. Recent initiatives such as the U.S. Food and Drug Administration's efforts to mandate folic acid fortification in corn masa flour and revise the Nutrition Facts label are contributing to the growth of the D-biotin market in the Americas.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the D-Biotin Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Growing demand for D-biotin in cosmetic products
Expanding usage of D-biotin due to the rising prevalence of biotin deficiency issues
Increasing demand for dietary supplements among health conscious consumers

Market Restraints

Certain side effects associated with the consumption and over usage of D-biotin

Market Opportunities

Development of innovative d-biotin production and extraction technologies
Increasing biotin bioavailability by developing new product formulations and delivery systems

Market Challenges

Stringent regulations for the usage of D-biotin across cosmetic products

Market Segmentation Analysis

Grade: Expanding usage of D-biotin with adherence to strict regulations and clinical testing
Application: Proliferating usage of D-Biotin in cosmetic products

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the D-Biotin Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the D-Biotin Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Swisse Launches Melatonin and Biotin Gummies and Plant-Based Protein in India

Swisse, a health and beauty nutrition brand, has recently introduced three new products in India to enhance the well-being of consumers. These products include Melatonin Gummies, Biotin Gummies, and Plant Protein Powder. They provide a natural solution for individuals struggling with sleep issues. Biotin Gummies are designed to control hair loss and promote lustrous hair growth. Additionally, they aid in the repair of skin and nails, ensuring overall beauty and wellness.

Biosyntia closes Euro 11.5 million funding round for bio-based biotin production

Biosyntia, a Danish biotech firm, has secured Euro 11.5 million in venture capital to commercialize its fermentation-based biotin (vitamin B7). The investment enables the company to expand its pipeline of products and enter the production phase of its active ingredients. The company's mission is to deliver high-quality, innovative biotin solutions, emphasizing the importance of sustainable and environmentally friendly production methods.

Wacker and Biosyntia Ink Biotin Production Agreement

Wacker Chemie AG and Biosyntia established a long-term partnership to meet the growing demand for biotin driven by the trends in health and well-being. This collaboration aims to provide a sustainable and European-sourced alternative to chemical-based biotin through fermentation-based production.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the D-Biotin Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the D-Biotin Market, highlighting leading vendors and their innovative profiles. These include Biotium, Inc., Central Drug House Pvt. Ltd., Cepham Life Sciences, Creative Enzymes, Dastech International Inc., Fengchen Group Co.,Ltd, Foodchem International Corporation, Glentham Life Sciences Limited, Hangzhou Kexing Biochem Co.,Ltd., Hugestone Enterprise Co., Ltd., Loba Chemie Pvt. Ltd., Manus Aktteva Biopharma LLP, Merck KGaA, Otto Chemie Pvt. Ltd., Parchem Fine & Specialty Chemicals, Royal DSM, Salvavidas Pharmaceutical Private Limited, Samex Overseas, Sandoo Pharmaceuticals and Chemcials Co.,Ltd., Shanghai Acebright Pharmaceuticals Group Co., Ltd., Sisco Research Laboratories Pvt. Ltd., Vizag Chemicals, VWR International, LLC by Avantor, Inc., Wellona Pharma, and Zhejiang Shengda Bio-Pharm Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the D-Biotin Market to forecast the revenues and analyze trends in each of the following sub-markets:

Grade
Cosmetic Grade
Food Grade
Pharmaceutical Grade
Application
Animal Feed
Food & Beverage
Pharma & Cosmetics
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

USD 35.71 billion in 2023 and expected to reach

USD 37.76 billion in 2024, at a CAGR 5.81% to reach

USD 53.03 billion by 2030.

Please Note: PDF & Excel + Online Access - 1 Year