Inositol, also named cyclohexane-1,2,3,4,5,6-hexol, is a simple polyol precursor in a second messenger system important in the brain. Inositol is found in fruits, beans, grains, and nuts and is also made by the body. Inositol is a naturally occurring nutrient found in various forms, the most common being myo-inositol.
It also holds some promise as an anti-depressant and against some other conditions associated with anxiety such as panic disorders. Inositol is used to promote the growth of bacteria and yeast for use as food additives. This product is also used in the preparation of a variety of vitamin pills and nutritional amino acid infused products.
Inositol Market: Drivers & Restraints
Demand for inositol has been on the rise, due to the rapid growth in the food & healthcare industry. The Inositol market is expected to grow drastically. The increase in the scope of clinical research is also driving the market.
According to a survey carried out by Center for Disease Control & Prevention, 31% of men and 32% of women in this world have high cholesterol level. This has been a major factor for the rise in the demand for Inositol globally.
Taking too much inositol might make bipolar disorder worse, which has proved to be its major constraint.
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Inositol Market: Segmentation
The inositol market is segmented on the basis of form and application. On the basis of form, the inositol market is further segmented into; powder & liquid. On the basis of application, the market is segmented into pharmaceuticals, food & beverages, chemical industry, feed additive, and others.
Inositol Market: Region Wise Outlook
Geographically, the inositol market is segmented into seven regions which are; North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific excluding Japan (APEJ), Middle East and Africa (MEA) and Japan. The global production of Inositol is mainly concentrated in the China and Japan. China is the world’s largest producer of inositol in terms of capacity, accounting for over approximately 50% of the global capacity.
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Inositol Market: Key Players
Some of the key players across the value chain dominating this market are Zhucheng Haotian Pharm Co., Ltd. , Changzhou Zhonglian Inositol Co., Ltd., Shandong Runde Biotechnology Co., Ltd., Biological Engineering Technology Co., Ltd., Holland & Barrett, Phoenix Herb Company, Mr. Bill’s Pipe & Tobacco Company, Ronas chemicals ind.co.,ltd., Charles Bowman & Company, T. J. Clark & Company. These companies are developing market strategies such as mergers and acquisitions, joint venture, new product development and expansion to increase their market share in global inositol market.