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Market Overview:
Biotin liquid drops are supplements that contain biotin in liquid form and are meant for oral consumption. Biotin is a water-soluble B-complex vitamin that plays an important role in fat and carbohydrate metabolism. It also supports cell growth, fat and amino acid breakdown, and the production of fatty acids. The liquid drops form of biotin supplements offers easier absorption by the body than capsules or pills. They are commonly used to meet biotin deficiency and to support overall health and wellness.
The Biotin Liquid Drops Market is estimated to be valued at US$ 140.8 Mn in 2023 and is expected to exhibit a CAGR of 8.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Get more insights on this topic: https://www.coherentmarketinsights.com/industry-reports/biotin-liquid-drops-market
Market Dynamics:
Two of the major drivers fueling growth of the biotin liquid drops market are increasing awareness about nutrition and rising preference for liquid supplements over pills. Consumers are becoming increasingly health conscious and aware about the importance of micronutrients like biotin to support bodily functions. They are also favoring liquid supplements due to easier absorption by the body compared to pills or capsules. Additionally, busy lifestyles are leaving less time for proper nutrition from diet alone, driving the demand for supplementation. Furthermore, the rising vegan and vegetarian population is another factor propelling the market growth, as plant-based diets may not provide sufficient amounts of biotin naturally. However, availability of alternative supplement forms and potential side-effects with excess intake can pose challenges to market growth.
Segment Analysis
The global biotin liquid drops market is dominating by the children segment, which held around 40% of the total market share in 2023. The children segment dominated due to high demand for biotin supplement drops for their healthy growth and development. Biotin plays a key role in the synthesis of fatty acids, production and function of branched-chain amino acids and in glucose metabolism and helps support neurological functions in children.
PEST Analysis
Political: The government policies on supplement regulation and product quality standards impact the market growth. Some countries have stringent rules for these supplements.
Economic: Rising income levels globally have boosted the demand for nutritional and dietary supplements. The growing health-conscious population further supports the market growth.
Social: Increasing health awareness among consumers and growing preference for liquid supplements drive the market. Liquid drops are easy to consume without water as compared to capsules and tablets.
Technological: Players are focusing on technological advancements in formulations and delivery methods to improve the bioavailability and efficacy of these supplements. Water-soluble and enhanced absorption formulas gain popularity.
Key Takeaways
The global biotin liquid drops market is expected to witness high growth, exhibiting CAGR of 8.3% over the forecast period, due to increasing health consciousness and preference for liquid dietary supplements among consumers. The North America region dominated the market in 2023, accounting for around 40% of the global market share. Factors such as high disposable income, rising health awareness, and growing consumption of health and wellness products boosted the market in the region.
Regional analysis
The Asia Pacific region is anticipated to be the fastest-growing market for biotin liquid drops between 2023 and 2030 driven by rapidly expanding millennial population, rising health and wellness trends, and increasing affordability in developing economies.
Key players
Key players operating in the biotin liquid drops market are Sports Research, Zhou Nutrition, Zenwise Health, Natrol, Nature’s Bounty, Jarrow Formulas, Bronson, Country Life, Nature’s Way, Pure Research Products, Physician’s Choice, Horbaach, Olly Public Benefit Corporation, Vitafusion, Nature Made, Pure Encapsulations, Solgar, Garden of Life, Nested Naturals, Life Extension.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
