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LONDON, GREATER LONDON, UNITED KINGDOM, June 9, 2025 /EINPresswire.com/ -- The Business Research Company’s Latest Report Explores Market Driver, Trends, Regional Insights - Market Sizing & Forecasts Through 2034
Are Biotin Supplement Witnessing Market Growth?
The market of biotin supplement, backed by rising health consciousness and dietary changes, has been witnessing substantial growth over recent years. It is projected to elevate from $1.74 billion in 2024 to $1.91 billion in 2025, growing at a compound annual growth rate CAGR of 9.6%. This growth is attributed to increasing awareness of hair and skin health, growing preference for natural and organic health solutions, rising demand for dietary supplements, the influence of social media on beauty trends, and growing focus on preventive healthcare.
What's Projected For The Biotin Supplement Market By 2029?
The biotin supplement market is envisioned to continually grow, reaching a value of $2.71 billion in 2029 with a CAGR of 9.2%. This growth is predicated on increasing demand for personalized nutrition, booming e-commerce and online supplement sales, rising health-consciousness among millennials, innovative product growth and formulations, and an enlarging geriatric population seeking nutritional support. The forecast period will witness significant trends including advancements in supplement delivery formats, formulation development with multi-vitamin blends, evolution of vegan and plant-based biotin supplements, innovations in personalized nutrition, and progression in clinical research endorsing the benefits of biotin.
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What Drives the Growth of The Biotin Supplement Market?
Increased consumption of dietary supplements is expected to further fuel the growth of the biotin supplement market. These supplements are orally taken products containing dietary ingredients intended to supplement the diet and boost overall health and wellness. As more individuals are prioritizing their well-being and attempting to fulfil their nutritional needs through additional support, consumption of dietary supplements such as biotin is rising. Biotin supplements play a crucial role in aiding energy metabolism and maintaining healthy hair, skin, and nails, thereby addressing nutritional gaps.
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Which Are The Key Players Operating In The Biotin Supplement Market?
Prominent companies operating in the biotin supplement market include Nestle S.A., Nature’s Bounty Co., GNC Holdings Inc., Jarrow Formulas Inc., Life Extension, Nordic Naturals, Vitabiotics, Natrol LLC, Pure Encapsulations LLC, Solgar Inc., Doctor's Best Inc., NOW Foods, Nutra Business, MyVitamins, BioSchwartz, NatureMade, SBR Nutrition, Sports Research, Zenwise Health, and Vitafusion.
What Steps Are Major Companies Taking To Meet The Growing Demand For Biotin Supplement?
To cater to the growing demand for health and wellness products, companies are strategically partnering with others in the industry. For example, in October 2024, US-based health and wellness company Force Factor collaborated with US-based ingredient innovator Nutrition21 to launch the Hair Growth Accelerator product, featuring the patented ingredient Lustriva, a blend of bonded arginine silicate, and magnesium biotinate, aiming to promote healthy hair from within.
How Is The Biotin Supplement Market Segmented?
The market is segmented by:
1 Product Form: Capsules, Tablets, Soft Gels, Liquid, Powders, Gummies
2 Health Benefits: Immune Health, Metabolism, Hormonal Balance
3 Distribution: Super markets, Specialty Store, Online Retail Stores, Pharmacies
4 Applications: Pharmaceutical, Dietary Supplements, Nail Care, Skin Care, Hair Care
Subsegments include:
1 By Capsules: Vegetarian Capsules, Gelatin Capsules, Delayed-Release Capsules
2 By Tablets: Chewable Tablets, Effervescent Tablets, Extended-Release Tablets
3 By Soft Gels: Liquid-Filled Soft Gels, Enteric-Coated Soft Gels, Rapid-Release Soft Gels
4 By Liquid: Oral Drops, Oral Sprays, Tinctures
5 By Powders: Unflavored Powders, Flavored Powders, Effervescent Powders
6 By Gummies: Sugar-Free Gummies, Vegan Gummies, Fruit-Flavored Gummies
Where Does The Biotin Supplement Market Find Its Largest And Fastest-Growing Region?
In 2024, North America was the largest market for biotin supplement, with Asia-Pacific expected to register the fastest growth in the coming years. The report also covers other regions like Western Europe, Eastern Europe, South America, Middle East, and Africa.
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