Biotin Supplement Market By Product Form (Capsules, Tablets, Soft Gels, Liquid, Gummies, Powders), By Distributional Channel (Supermarkets/Hypermarkets, Specialty store, E-commerce), By Application (Pharmaceutical, Skin-care, Hair-care, Nail-care): Global Opportunity Analysis and Industry Forecast, 2021-2031
The biotin supplement market was valued at $583.4 million in 2021 and is projected to reach $1,410.9 million by 2031, registering a CAGR of 9.1% from 2022 to 2031. In 2021, the capsule biotin supplements segment accounted for the majority of the total biotin supplements market. Vitamin B-7 Biotin, also known as vitamin H, is an essential nutrient that is a water-soluble vitamin that is found naturally in some foods and is also available as a dietary supplement. It aids in the treatment of biotin deficiency as well as the care of hair, skin, and nails.
Biotins are naturally derived chemicals that we require for processes such as growth, reproduction, and overall health. The increased preference for biotins in the daily diet for self-care has emerged as an important component of modern customers' lifestyle. The increased emphasis on health and immunity has resulted in a significant shift in consumer food habits. There has been an increase in the use of biotins, minerals, and foods that boost immunity, organic goods, supplements, and other dietary aids. According to the National Library of Medicine, biotin deficiency causes a variety of clinical manifestations, the most common of which are neurological and dermal abnormalities. Biotinidase deficiency is the most common aetiology in many countries, including the United States, and screening for biotinidase deficiency is part of the newborn screening programme. In addition, as a result of COVID-19, people began focusing on their diet in order to improve their immunity. Such factors are expected to drive the biotin supplements market forward.
Many foods contain biotin. Biotin levels can be obtained by eating a variety of foods such as meat, fish, eggs, organ meats (such as liver), seeds, and nuts. The surge in demand for organic food may stymie the growth of the biotin supplements market because, according to the National Institutes of Health Office of Dietary Supplements, biotin, a B biotin, is an essential nutrient that is naturally present in some foods, so consuming food eliminates the need for biotin supplements. Animal-based protein sources with high biotin content include beef liver, chicken liver, salmon, and eggs, and the rise in demand for organic animal-based protein, as well as an increase in health consciousness and awareness about healthy food habits among the global population, is encouraging consumers to choose organic food products, which may impede market growth.
An online pharmacy is a vendor who sells medicines over the internet, and it includes both legitimate and illegitimate pharmacies. Biotin supplements can be easily purchased online by consumers. Because it offers home delivery and allows them to learn about the product's distribution channel while sitting at home. The number of online pharmacies is rapidly increasing around the world. Consumers can take advantage of various offers and discounts from online pharmacies such as Apollo, Netmeds, Pharmeasy, and others. A surge in the number of online pharmacies will provide opportunities for market growth. According to an Invest India report, Indian e-pharmacies that emerged around 2015 disrupted the market and gained traction quickly. There are currently close to 50 e-Pharmacies in India, with estimates putting the market size (2019) at $0.5 billion, or approximately 2-3% of total Indian pharmacy sales. The market is expected to grow at a compounded rate of 44% to $4.5 billion by 2025. Such an increase in e-pharmacies is expected to create a significant opportunity for market growth.
The biotin supplement market is segmented on the basis of form, distributional channel, application, and region. By form, the market is divided into capsules, tablets, soft gels, liquid, gummies, and powders. By distributional channel, the market is further divided into supermarkets, specialty stores, and e-commerce. By application, the market is classified into pharmaceuticals, skin-care, health-care, and nail-care. By region, the market is analyzed across North America (U.S., Canada, Mexico), Europe (France, Germany, Italy, Spain, UK, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, UAE, and rest of LAMEA).
Some of the major players analyzed in this report are Church & Dwight Co. Inc.,, Designs for Health, Inc., Doctor's Best Inc., LIfe Extension, Nestle S.A., Neutraceutical Corporation, NOW Health Group, Inc., SBR Nutrition, SolaGarden Naturals, Sports Reseach Corporation, Vytalogy Wellness, L.L..C., Zenwise, LLC.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the biotin supplement market analysis from 2021 to 2031 to identify the prevailing biotin supplement market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the biotin supplement market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global biotin supplement market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Distributional Channel
Supermarkets/Hypermarkets
Specialty store
E-commerce
By Application
Nail-care
Pharmaceutical
Skin-care
Hair-care
By Product Form
Capsules
Tablets
Soft Gels
Liquid
Gummies
Powders
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Thailand
Rest of Asia-Pacific
LAMEA
Brazil
South Africa,
Saudi Arabia
UAE
Rest of LAMEA
Key Market Players
Church & Dwight Co., Inc.
Nestle S.A.
Nutraceutical Corporation
Vytalogy Wellness, L.L.C.
Zenwise, LLC
SBR Nutrition
Doctor's Best, Inc.
Sports Research Corporation
NOW Health Group, Inc.
Life Extension
Designs for Health, Inc.
SolaGarden Naturals
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