A recent report published by Infinium Global Research on the biotin supplements market provides an in-depth analysis of segments and sub-segments in the global as well as regional biotin supplements market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional biotin supplements market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global biotin supplements market. According to the report, the global biotin supplements market is projected to grow at a CAGR of x.x% over the forecast period of 2020-2026.
Biotin, originally known as vitamin H, is a type of vitamin B (B7). Biotin is an amalgamation of coenzyme, and vitamin B. B complex vitamin, multivitamins, prenatal, or biotin alone forms the biotin supplements. Furthermore, biotin supplements metabolize the eaten food, benefit in building cells, and regulates fats and carbohydrates distribution of the body. Biotin deficiency is one of the major reasons for the intake of biotin supplements; on the other hand, the occurrence of biotin deficiency is infrequent. In addition, the positive attitude of the consumers towards dietary supplements, having additional health and wellness benefits has a very constructive impact on the biotin supplements market. Additionally, the current concern over the spread of coronavirus is also expected to have a negative impact on the biotin supplements market. The enforced quarantine in China has hit the supply-chain hardest as the country has transitioned from being a key player in the manufacturing and supplying of biotin supplements. Governments globally implemented quarantine and travel limitations to curb the spread of the COVID-19 pandemic; however, such measures threaten industrial operations, including those of the consumer goods sector. Together with temporary shutdowns in some countries, the consumer goods industry also faces severe consequences of supply chain disruptions.
The health benefits offered by biotin supplements, for example, strengthening nails, reducing hair loss and thinning, prevent biotin insufficiency. Biotin supplements are beneficial to minimize biotin deficiency for pregnant women, certain epilepsy medications, alcoholic, chronic smoker, and a person eating lots of processed foods. These factors propel the biotin supplements market growth. Furthermore, it is also pertinent to note that health and beauty influencers are also helping in pouring the market towards further growth. More women across the globe are working today and this has improved their purchasing power considerably. And, as a result, women taking care of themselves like never seen before. As biotin is a supplement that aids hair and nails grow better, demand for it is set to see substantial growth over the forecast period. However, the increased risk of adverse effects related to high consumption of biotin supplements which results in incorrect test results is anticipated to hamper the biotin supplements market growth in the near future.
Among the geographies, the Asia Pacific region is expected to hold the largest share in the global biotin supplements market. The industry is expected to offer huge opportunities for biotin supplements market growth on account of the presence of numerous key players. Furthermore, China and India will be at the forefront of growth in the region during the forecast period. However, the demand for these supplements will arise from the North American and European regions due to deficiency in biotin in diets that are noted in the region. Moreover, both regions have a high level of disposable income and people are more conscious regarding health.
The report on the global biotin supplements market covers segments such as form, distribution channel, application, and source. On the basis of form, the sub-markets include capsule, tablet, liquid, powder, and others. On the basis of distribution channel, the sub-markets include hospital pharmacies, retail pharmacies, and online pharmacies. On the basis of application, the sub-markets include skincare, hair care, nails care, and others. On the basis of source, the sub-markets include vegetables, and flesh, and meat.
The report provides profiles of the companies in the market such as 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, and Zenwise Health.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the biotin supplements market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.