The Biotin Supplement Market size was valued at $583.36 million in 2021, and biotin supplement market forecast is estimated to reach $1.4 billion by 2031, growing at a CAGR of 9.1% from 2022 to 2031. Vitamin B7 popularly known as biotin is a water-soluble member of the vitamin-B family. Biotin is an essential nutrient that is naturally present in some food and also available as a supplement. Biotin supplements are used to cure biotin deficiency and are also used for skincare, haircare, and nail care.
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The research report divides the global biotin supplement market into detailed segments based on product form, application, distribution channel, and region. The report uses tables and figures to provide detailed information about the various segments and their sub-segments. Engaged market participants and investors can develop strategies based on the report’s highest revenue-generating and fastest-growing segments.
Regional Analysis:
The biotin supplement market analysis is done on the basis of product form, distributional channel, application, and region. By product 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).
Key Players Are:
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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Animal-based protein sources like beef liver, chicken liver, salmon, and eggs have a high biotin content, and rise in demand for organic animal-based protein and surge in health consciousness coupled with increase in awareness regarding healthy food habits among the global population is encouraging consumers to choose organic food products, which can hamper the growth of the market. Rise in alcohol consumption is expected to create a biotin supplement market opportunity as alcoholism can lead to biotin deficiency.
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Public healthcare costs are influenced by Inflation because it affects the prices of goods and services including costs of health-related materials. People are shifting toward vitamin supplements to keep them healthy so they can avoid healthcare expenses with the rise in healthcare costs. According to the report of the Tennessee Advisory Commission on Intergovernmental Relations, in the U.S., healthcare is expensive.
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Nutraceutical Ingredients Market
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