Global Biotin Market Growth 2023-2029

Global Biotin Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Biotin Industry Forecast” looks at past sales and reviews total world Biotin sales in 2022, providing a comprehensive analysis by region and market sector of projected Biotin sales for 2023 through 2029. With Biotin sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biotin industry.

This Insight Report provides a comprehensive analysis of the global Biotin landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Biotin portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Biotin market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biotin and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Biotin.

The global Biotin market size is projected to grow from US$ 162.2 million in 2022 to US$ 195.4 million in 2029; it is expected to grow at a CAGR of 195.4 from 2023 to 2029.

Global biotin main players are Zhejiang Medicine, SDM, Hegno etc. Global top 2 manufacturers hold a share over 75%. Asia-Pacific is the largest market, with a share about 33%, followed by Europe and North America with the share about 30% and 25%.In terms of product, 2% biotin is the largest segment, with a share over 35%. And in terms of application, the largest application is animal feed.

This report presents a comprehensive overview, market shares, and growth opportunities of Biotin market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
1% Biotin
2% Biotin
Pure Biotin (Above 98%)

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
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Zhejiang Medicine
SDM
Hegno
NUH
Anhui Tiger Biotech
Kexing Biochem
DSM

Key Questions Addressed in this Report

What is the 10-year outlook for the global Biotin market?

What factors are driving Biotin market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Biotin market opportunities vary by end market size?

How does Biotin break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.