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Biotin Ingredients Market Trends

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

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Biotin Ingredients Market Trends

One prominent trend is the continued surge in demand for natural and organic products across various industries, including cosmetics and personal care. As a result, there has been a growing preference for biotin derived from natural sources, driving innovation in extraction and production methods to meet this demand. Moreover, the trend of holistic wellness and preventive healthcare has led to the integration of biotin in a diverse range of dietary supplements and nutraceuticals, catering to consumers seeking comprehensive health benefits beyond traditional medications.

Additionally, the rapid advancements in technology and research have spurred the development of novel formulations and delivery systems for biotin, enhancing its bioavailability and efficacy in addressing specific health and beauty concerns.

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.