The Europe Biotin Supplement Market would witness market growth of 8.5% CAGR during the forecast period (2022-2028).
The deficiency of biotin results in various clinical manifestations, predominantly neurological and dermatological problems. In many countries, biotinidase insufficiency is the most prevalent cause, and screenings for biotinidase deficiency are an integral part of the newborn screening program. Most type of biotin deficiency is treated with biotin supplements. Additionally, they are used to treat brittle nails, hepatitis, hair loss, and other diseases. The increased awareness of biotin supplements and the greater propensity to consume them are significant biotin supplement industry developments.
Vitamins are required for human processes like growth, reproduction, and overall health. Modern consumers' increasing demand for vitamins in their regular diet for self-care has become an integral component of their way of life. Due to an emphasis on health and immunity, there has been a significant shift in consumer dietary preferences. As a result, there has been an increase in the consumption of vitamins, minerals, immunity-boosting foods, supplements, organic products, and other dietary aids.
Western Europe is the market leader for selling supplements, mostly through pharmacy-based distribution. Increasing obesity, cardiovascular disease, and obesity are anticipated to impact the biotin supplement industry over the projected period. It is widely known that the prevalence of these disorders aggravate hair and skin issues. People are also becoming more aware of the benefits of natural skincare, which prevents the degradation of the natural constituents (proteins, carbs, and lipids) in skin care products. Consumption of biotin based foods can prevent skin issues like wrinkles, UV-induced skin damage, and inflammation-induced dryness. All of these characteristics and their awareness in the region boost the consumption of skin-healthy foods, creating a substantial opportunity for the expansion of the market in the Europe region.
The Germany market dominated the Europe Biotin Supplement Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $59.1 million by 2028. The UK market is anticipated to grow at a CAGR of 7.6% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 9.3% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Biotin Supplement Market will Hit $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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