The Global Vitamin-B7(Biotin) market is anticipated to grow with a CAGR of 18.2% over the forecast period of 2019-2028. Biotin or B7 or vitamin H, is a water-soluble vitamin that metabolizes fats, carbohydrates, and proteins in the body. Water-soluble vitamins such as B7 (Biotin) are not stored in the body , therefore daily intake of such vitamins is necessary. Biotin is useful to treat some medical conditions. Furthermore according to the Office of Dietary Supplements (ODS), there is a small evidence that biotin supplements are capable of strengthening nails and promote healthy hair. The growing demand for biotin to treat various diseases is expected to drive the market extensively in future. Furthermore, the increasing awareness among people to eat a balanced diet may fuel the market growth.

Top Driver: Increasing Use of Global Vitamin-B7(Biotin) as Nutritional Element is Expected to Anticipate the Market Growth

The Vitamin-B7(Biotin) provides various health benefits which make it an important nutrient supplement. Various researches have stated that use of biotin is effective in alopecia, brittle nails, impaired immune function, multiple sclerosis and others. Biotin has proven to be an important supplement for the Biotin-responsive basal ganglia disease. The rising applications of biotin in the food industry is expected to a anticipate the market growth wiely in the future.

However, there is a significant debte on the effects of biotin in the body. It is usually taken as a dietary supplement rather than a medical treatment. Its significant use in gluconeogenesis in the body makes it a useful supplement.

The Product Type Segment to Drive the Market Extensively

Based on the type, the Global Vitamin-B7(Biotin) market is segmented into 1% biotin, 2% biotin and Pure biotin. The pure biotin is mainly used in the cosmeceutical and pharmaceutical industry while the 1% and 2% biotin is widely used in animal feed and food industry. The 1% and 2% biotin accounted for larger market shares owing to their use in the food industry.

On the basis of application the market is segmented into food, pharmaceutical industry and others. The Food segment is expected to hold the largest market share and is driving the market towards growth. Various food companies are introducing innovative products in the food industry including biotin claiming nutritional benefits, which id ultimately driving the market widely.

Asia Pacific  is Expected to be the Fastest Growing Region

Asia Pacific accounted for the largest market share in the biotin industry owing to its huge production in regions such as China.  Zhejiang Medicine Company is known to be the largest biotin producer in the world. However, other large scale manufacturing companies are being a tough competition for the same. North America accounted for the second largest share owing to the increasing technological advancements and growing pharmaceutical sector. Furthermore, Europe accounted for the third largest share in the market and is expected to grow immensely in the forecast period.

Players to Focus on Innovative Product Designing and Improving R&D Facilities for Large Scale Production

The global Vitamin-B7(Biotin) market is expected to grow with a significant CAGR due to the presence of various companies including Zhejiang Medicine, Hegno, NUH, Kexing Biochem, SDM, Shanghai Acebright, Anhui Tiger Biotech, DSM among others.

The increasing facts related to the biotin or vitamin B7 for medical conditions has trigeered various companies to release the products containing Biotin. Although, the high cost of the production and complex process to generate the vitamin products has been a challenge for various market players. Therefore, companies are engaging into development of innovative products and are expected to invest into the Rand D department.

Scope of the Report

By Product Type

• 1%Vitamin-B7(Biotin)
• 2%Vitamin-B7(Biotin)
• Pure Biotin (below 98%)
• Others

By Application

• Food
• Pharmaceutical Industry
• Others

By Region

• North America
• Europe
• Asia Pacific
• Rest of the World

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.