The Asia Pacific Biotin Supplement Market would witness market growth of 9.3% CAGR during the forecast period (2022-2028).
Biotin is sometimes also referred to as Vitamin H. It is necessary for the body because it improves the health of the human digestive tract, metabolism, and skin. In addition, biotin is well-known for its hair-enhancing effects. Biotin enhances hair health, including shine, volume, and scalp coverage, particularly in women with thin hair or experiencing thinning. In addition, research indicates that it increases skin moisture, smoothness, and attractiveness.
Biotin can be administered orally or intravenously to prevent and treat low biotin levels in the blood. Likewise, illnesses and the awareness of an individual's external attractiveness and internal intelligence have increased in recent years. This, consequently, raises the demand for biotin supplements. The rising demand for biotin has also propelled the use of it in many dietary supplements and functional foods.
Consumers are interested in functional foods due to their health benefits, performance, and perceived wellness. Due to the ease with which nutraceutical elements can be included, the demand for functional foods and beverages is growing. Vitamins, fiber, minerals, and protein are typical fortification ingredients.
In developing nations like China and India, consumer awareness of nutrient enrichment is expanding. In addition, the rise of the retail sector in emerging economies such as China, Indonesia, Malaysia, and India is anticipated to improve buyer access to these items in light of legislative assistance to encourage investment. For instance, the China Food Information Center (CFIC) published a survey report in June 2020 indicating a significant percent of Chinese people believe supplements to be healthful. In the future years, the demand for such supplements to maintain personal care and health among consumers will expand. Due to these factors, the regional biotin supplement market will experience a surge in demand and expansion throughout the forecast period.
The China market dominated the Asia Pacific Biotin Supplement Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $101.2 million by 2028. The Japan market is estimated to grow a CAGR of 8.6% during (2022 - 2028). Additionally, The India market would experience a CAGR of 10% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Specialty Stores, Ecommerce and Supermarkets / Hypermarkets. Based on Product Form, the market is segmented into Capsules, Tablets, Gummies, Liquid, Soft Gels and Powder. Based on Application, the market is segmented into Hair Care, Skin Care, Nail Care and Pharmaceutical. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Biotin Supplement Market is Projected to reach USD 952.6 Million by 2028, at a CAGR of 9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Church & Dwight Co., Inc., Nestle S.A., Nutraceutical Corporation, Life Extension Foundation Buyers Club, Inc., The Nature’s Bounty Co. (Kohlberg Kravis Roberts & Co. L.P.), Zhou Nutrition LLC (Nutraceutical International Corporation), NOW Foods, Inc., Vytalogy Wellness, L.L.C. (New Mountain Capital, LLC), Doctor's Best, Inc. (Xiamen Kingdomway Group), and Designs for Health, Inc.
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