Biotin Supplement Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

Description

Persistence Market Research has recently published an in-depth analysis of the global Biotin Supplement Market, offering a comprehensive overview of key market dynamics, growth drivers, challenges, and emerging trends. This report provides valuable insights into the structure of the Biotin Supplement Market, presenting exclusive data and statistics that forecast the market's growth trajectory from 2023 to 2030.

The biotin supplement market is projected to grow at a compound annual growth rate (CAGR) of 8.6%, reaching a value of US$6.5 billion by the conclusion of 2030, up from US$3.6 billion in 2023.

Key Insights:

Biotin Supplement Market Size (2023E): US$3.6 Bn
Projected Market Value (2030F): US$6.5 Bn
Global Market Growth Rate (CAGR 2023 to 2030): 8.6%
Historical Market Growth Rate (CAGR 2018 to 2022): 5.4%

Biotin Supplement Market- Report Scope:

Biotin, also known as vitamin B7, is a vital water-soluble B vitamin crucial for metabolism and maintaining skin, hair, and nails. As a coenzyme, it aids in synthesizing fatty acids and amino acids, converting food into energy. The global biotin supplement market is experiencing significant growth due to increased consumer awareness, emphasis on hair and nail care, rising biotin deficiency cases, and a growing demand for dietary supplements. Factors such as effective marketing, advancements in formulations, and a robust e-commerce infrastructure contribute to biotin supplements' prominence in the health and wellness industry.

Market Growth Drivers:

The global biotin supplement market is driven by increasing consumer awareness and a growing focus on individual health. Demand for supplements promoting overall well-being, especially those targeting cosmetic aspects like hair and nails, has risen as people become more health-conscious. Biotin, known for enhancing nail strength, hair growth, and skin health, is a sought-after supplement in the wellness industry. Information dissemination through online platforms, health journals, and social media has contributed to heightened awareness. Endorsements from healthcare professionals and influencers further reinforce the perceived benefits of biotin supplementation, leading to increased adoption.

Market Restraints:

Two main restraints hinder the global biotin supplement market. Firstly, scientific ambiguity surrounds biotin's effectiveness beyond its established roles in skin, hair, and nail health, hindering consumer confidence and regulatory approval. Secondly, concerns over potential adverse effects and drug interactions pose safety risks, especially regarding erroneous laboratory test results and potential interactions with medications. Regulatory agencies emphasize evidence-based claims and advocate vigilance to ensure consumer safety and transparency.

Market Opportunities:

The global biotin supplement market has significant opportunities stemming from the rising incidence of conditions linked to biotin deficiency. Factors such as suboptimal dietary choices, specific medical conditions, and medications hindering biotin absorption contribute to deficiency. Lifestyle changes, processed foods, and certain health conditions are increasing biotin deficiency instances. Healthcare professionals recognize the potential of biotin supplementation in managing associated symptoms. The expanding elderly population further boosts market growth potential, positioning biotin supplements as a convenient solution for preventive healthcare.

Key Questions Answered in the Report:

What are the key factors driving the growth of the biotin supplement market?
Which industry verticals are driving the demand for biotin supplement?
How are technological advancements reshaping the competitive landscape of the biotin supplement market?
Who are the leading players in the global biotin supplement market?
What are the emerging trends and future prospects in the global biotin supplement market?

Competitive Intelligence and Business Strategy:

Key players in the global biotin supplement market, such as Carlyle Group, Nature's Bounty Co., Church & Dwight Co., Inc., and NOW Foods, employ diverse strategies for market dominance. Innovation and product diversification are crucial, with a focus on introducing novel formulations and delivery methods. Strategic collaborations and alliances, exemplified by Church & Dwight Co., Inc., enhance market presence. Companies like NOW Foods prioritize transparency and quality, emphasizing excellence to build consumer confidence. Robust marketing efforts, utilizing digital platforms and endorsements, play a pivotal role in establishing brand recognition and attracting a global clientele.

Key Companies Profiled:

Sports Research
The Nature's Bounty Co.
Pure Research Products
LLC, Zhou Nutrition
Natrol LLC
Church & Dwight Co. Inc.
LifeGarden Naturals
NOW Foods
Jarrow Formulas Inc.
Doctors Best
Zenwise Health
SBR NUTRITION

Biotin Supplement Market Segmentation:

By Product Type:

Capsules
Tablets
Gels
Beverages/Drinks
Gummies
Powders

By Sales Channel:

Supermarkets/Hypermarkets
Specialty Store
E-commerce
Pharmacies
Others

By Region:

North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33794

1. Executive Summary

1.1. Global Biotin Supplement Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Product Type Lifecycle Analysis
2.4. Global Biotin Supplement Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Global Biotin Supplement Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
3.3. Global Biotin Supplement Market Outlook: Product Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Product Type, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
  - 3.3.3.1. Capsules
  - 3.3.3.2. Tablets
  - 3.3.3.3. Gels
  - 3.3.3.4. Beverages/Drinks
  - 3.3.3.5. Gummies
  - 3.3.3.6. Powders
3.4. Market Attractiveness Analysis: Product Type
3.5. Global Biotin Supplement Market Outlook: Sales Channel
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Sales Channel, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Sales Channel, 2023 - 2030
  - 3.5.3.1. Supermarkets/Hypermarkets
  - 3.5.3.2. Specialty Store
  - 3.5.3.3. E-commerce
  - 3.5.3.4. Pharmacies
  - 3.5.3.5. Others
3.6. Market Attractiveness Analysis: Sales Channel

4. Global Biotin Supplement Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Global Biotin Supplement Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Product Type
- 5.3.3. By Sales Channel
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 5.5.1. Capsules
- 5.5.2. Tablets
- 5.5.3. Gels
- 5.5.4. Beverages/Drinks
- 5.5.5. Gummies
- 5.5.6. Powders
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Sales Channel, 2023 - 2030
- 5.6.1. Supermarkets/Hypermarkets
- 5.6.2. Specialty Store
- 5.6.3. E-commerce
- 5.6.4. Pharmacies
- 5.6.5. Others
5.7. Market Attractiveness Analysis

6. Europe Global Biotin Supplement Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Product Type
- 6.3.3. By Sales Channel
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkiye
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 6.5.1. Capsules
- 6.5.2. Tablets
- 6.5.3. Gels
- 6.5.4. Beverages/Drinks
- 6.5.5. Gummies
- 6.5.6. Powders
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Sales Channel, 2023 - 2030
- 6.6.1. Supermarkets/Hypermarkets
- 6.6.2. Specialty Store
- 6.6.3. E-commerce
- 6.6.4. Pharmacies
- 6.6.5. Others
6.7. Market Attractiveness Analysis

7. East Asia Global Biotin Supplement Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Product Type
- 7.3.3. By Sales Channel
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 7.5.1. Capsules
- 7.5.2. Tablets
- 7.5.3. Gels
- 7.5.4. Beverages/Drinks
- 7.5.5. Gummies
- 7.5.6. Powders
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Sales Channel, 2023 - 2030
- 7.6.1. Supermarkets/Hypermarkets
- 7.6.2. Specialty Store
- 7.6.3. E-commerce
- 7.6.4. Pharmacies
- 7.6.5. Others
7.7. Market Attractiveness Analysis

8. South Asia & Oceania Global Biotin Supplement Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Product Type
- 8.3.3. By Sales Channel
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 8.5.1. Capsules
- 8.5.2. Tablets
- 8.5.3. Gels
- 8.5.4. Beverages/Drinks
- 8.5.5. Gummies
- 8.5.6. Powders
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Sales Channel, 2023 - 2030
- 8.6.1. Supermarkets/Hypermarkets
- 8.6.2. Specialty Store
- 8.6.3. E-commerce
- 8.6.4. Pharmacies
- 8.6.5. Others
8.7. Market Attractiveness Analysis

9. Latin America Global Biotin Supplement Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Product Type
- 9.3.3. By Sales Channel
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 9.5.1. Capsules
- 9.5.2. Tablets
- 9.5.3. Gels
- 9.5.4. Beverages/Drinks
- 9.5.5. Gummies
- 9.5.6. Powders
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Sales Channel, 2023 - 2030
- 9.6.1. Supermarkets/Hypermarkets
- 9.6.2. Specialty Store
- 9.6.3. E-commerce
- 9.6.4. Pharmacies
- 9.6.5. Others
9.7. Market Attractiveness Analysis

10. Middle East & Africa Global Biotin Supplement Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Product Type
- 10.3.3. By Sales Channel
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 10.5.1. Capsules
- 10.5.2. Tablets
- 10.5.3. Gels
- 10.5.4. Beverages/Drinks
- 10.5.5. Gummies
- 10.5.6. Powders
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Sales Channel, 2023 - 2030
- 10.6.1. Supermarkets/Hypermarkets
- 10.6.2. Specialty Store
- 10.6.3. E-commerce
- 10.6.4. Pharmacies
- 10.6.5. Others
10.7. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2022
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Analog IC
- 11.2.3. Apparent Product Type Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Sports Research
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product Type
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. The Nature's Bounty Co.
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product Type
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. Pure Research Products
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product Type
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. LLC, Zhou Nutrition
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product Type
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. Natrol LLC
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product Type
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. Church & Dwight Co. Inc.
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product Type
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. LifeGarden Naturals
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product Type
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. NOW Foods
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product Type
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. Jarrow Formulas Inc.
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product Type
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Doctors Best
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Product Type
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy
- 11.3.11. Zenwise Health
  - 11.3.11.1. Overview
  - 11.3.11.2. Segments and Product Type
  - 11.3.11.3. Key Financials
  - 11.3.11.4. Market Developments
  - 11.3.11.5. Market Strategy
- 11.3.12. SBR NUTRITION
  - 11.3.12.1. Overview
  - 11.3.12.2. Segments and Product Type
  - 11.3.12.3. Key Financials
  - 11.3.12.4. Market Developments
  - 11.3.12.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations