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Biotin Ingredients Market Share

Report ID: GMI7105
Published Date: Oct 2023
Report Format: PDF

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Biotin Ingredients Market Share

Some of the major companies operating in the biotin ingredients industry are:

DSM
Lonza
BASF
Merck
Evonik
Archer Daniels Midland (ADM)
Cargill
Ingredion
Glanbia Nutritionals
Kerry Group
Brenntag
IMCD
Prinova Group
Balchem
Associated British Foods (ABF)

These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

DSM and Lonza are the two largest companies in the market, accounting for a significant share of the global market. Both companies offer a wide range of biotin products and are committed to quality and innovation. DSM offers a wide range of biotin products, including crystalline biotin, biotin powder, and biotin premixes. DSM's biotin ingredients are used in a variety of applications, including food and beverages, nutritional supplements, and pharmaceuticals.

Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

The market size of biotin ingredient reached USD 2.5 billion in 2022 and is set to cross USD 7.09 billion by the end of 2032, due to the increasing demand for dietary supplements and personal care products.

Solid biotin ingredient segment was valued at USD 1.48 billion in 2022 and its popularity can be attributed to ease of storage, transport, and handling, making it a preferred choice for manufacturers of dietary supplements and pharmaceuticals.

North America market held over USD 0.99 billion in 2022, primarily driven by the increasing focus on health and wellness, with a growing preference for dietary supplements and functional foods enriched with biotin.

DSM, Lonza, BASF, Merck, Evonik, Archer Daniels Midland (ADM), Cargill, Ingredion, Glanbia Nutritionals, and Kerry Group.