4 February 2019: The
Global Biotin
Market is expected to witness rapid growth in the near future
due to the increasing demand for biotin products by end-user industries across
the globe. Factors responsible for the market growth include rising awareness
regarding benefits of biotin products and ability of biotin to activate
production of protein and amino acid metabolism in the fingernail cells and
hair roots.
Advantages of the biotin includes skin-softening
characteristics, food conversion into glucose, and production of fatty acids.
These factors strengthen the market in the forecast period. Globally, the biotin
market is predicted to grow at CAGR of 7.68% in forecast period, providing
numerous opportunities for market players to invest in research and development
of the biotin market.
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Increasing popularity of the biotin supplements is
attributed to its capability of fostering hair and nail growth, thus causing
nails thicker and less brittle, thus driving the market demand for biotin-based
products in the forecast period. Increasing use of biotin in the ingredient-based
products is anticipated to boost market growth as well. Moreover, growing
health consciousness among the general population across the globe is leading
to increasing adoption of ingredient-based products in both food and health
supplement, thereby propelling the growth of biotin market, in the last few
years.
Biotin is commonly known as a water-soluble B vitamin, also
termed as vitamin-B seven. Biotin formerly called as vitamin H due its
similarities with coenzyme R. Biotin deficiency can cause effects such as hair
thinning and skin rashes, particularly visible on the face of patient. Lack of
vitamin-B seven intake and hereditary disorders leads to biotin deficiency,
thereby affecting biotin metabolism.
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Biotin is considered as a crucial part of enzymes that
performs metabolism of fats and carbohydrates, thus directly affecting cell
growth and protein synthesis. Biotin performs various actions involving
metabolic reactions such as transfer of carbon dioxide. Biotin is also useful
in monitoring a blood sugar level. Other benefits of biotin is include adoption
in dietary supplement for reinforcing hair and nail growth.
The key players in the biotin market are DSM Sinochem
Pharmaceuticals, Zhejiang Medicine Co., Ltd., Takeda Pharmaceutical Company
Ltd., F. Hoffmann-La Roche AG, Biocar Co., Zhejiang Shengda Bio-pharm Co.,
Ltd., BASF Co., Allwell Industries Co., Ltd., Fuyang Kexing Biochem Co., Ltd.,
and Shanghai Acebright Pharmaceuticals Group Co., Limited.
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