Inositol Market Insights
The global inositol market is expected to register a CAGR of 7.8% during the forecast period. The growing number of people affected by diseases like PCOS, diabetes. and others, due to the adoption of poor lifestyle and increased consumption of junk food, is leading to a rise in the demand for drugs and supplements containing inositol, owing to its many curing properties as it is a member of vitamin B complex.
Inositol Market Dynamics
The market for inositol is primarily driven by its increased application as an important ingredient to make energy drinks, as it is efficient in converting nutrients into energy. Furthermore, the prevalence of diseases like PCOS in women has also led to an extensive use of isonitol in the manufacture of medicines to cure PCOS, as it aids in increasing progesterone, lowering testosterone levels, decreasing luteinizing hormone, and inducing weight loss, among others. Moreover, the demand for inositol is also rising, as it helps in curing hair fall, depression, and other health problems faced by the current generation, due to the prominence of unhealthy eating habits and lifestyle.
Inositol is sourced from natural elements like citrus and other fruits, oils, vegetables, and plants, among others, and natural resources are costly raw materials that are heavily dependent on agriculture and expensive extraction processes. Companies manufacturing inositol are observed to be facing fluctuations in raw material supply, thus making it challenging for them to make its products available to its customers in a timely manner.
It is expected that greater initiatives toward creating awareness about the health benefits of inositol among the consumers and exploring new and innovative applications of the ingredient in food, beverages, and drugs products, can propel the growth of the market in the future.
Inositol Market Segmentation
The global inositol market has been segmented on the basis of application and form. By application, inositol is mainly used in the manufacture of drugs and supplements, as it helps to cure a number of prominent diseases.
Regional Inositol Market Analysis
North America holds the largest market share for inositol, as inositol is used in energy drinks, which are in high demand in the United States, Canada, and other countries in this region. Furthermore, inositol is also being regarded as safe by the US Food and Drug Administration, thus giving the drugs, beverage, and other companies the leverage to use inositol in their products without any constraint.
Inositol Market Key Developments
May 2018 - Taiho Pharmaceutical Co. Ltd launched Tiovita Drink Aibitasu Zero (third-class OTC drug), caffeine-free, sugar-free product containing 50g of inositol, under its Tiovita range, in Japan.
Inositol Market Competitive Landscape
- AstaReal Holdings Co. Ltd.
- BGG (Beijing Ginko Group).
- Holland & Barrett Retail Limited.
- JXTG Group.
- Koninklijke Dsm NV.
- Piveg Inc.
- Valensa International.
Reasons to Purchase Inositol Market Report
- Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
- Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth opportunities of the market in the years to come
- Market segmentation analysis, including qualitative and quantitative researches incorporating the impact of economic and non-economic aspects
- Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market
- Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in excel).
Customization of Inositol Market Report
- This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Market
2. Inositol Market Insights
2.1 Inositol Market Overview
2.2 Inositol Market Trends
2.2 Industry Attractiveness – Porter’s Five Forces Analysis
2.2.1 Bargaining Power of Suppliers
2.2.2 Bargaining Power of Consumers
2.2.3 Threat of New Entrants
2.2.4 Threat of Substitute Products and Services
2.2.5 Degree of Competition
3. Inositol Market Dynamics
3.1 Inositol Market Drivers
3.1.1 Increased Application of Inositol as a Nutrient Ingredient in Health Beverages
3.1.2 Increased Use of Inositol toward Curing PCOS in Women
3.2 Inositol Market Restraints
3.2.1 Dependence on Natural Elements to Produce Inositol
3.3 Inositol Market Opportunities
3.3.1 Greater Awareness about the Usage and Benefits of Inositol
4. Inositol Market Segmentation
4.1 Inositol Market By Application
4.1.4 Other Applications
4.2 Inositol Market By Form
4.2.4 Other Forms
5. Regional Market Analysis
5.1 North America Inositol Market (2018-2023)
5.1.1 United States Inositol Market (2018-2023)
5.1.2 Mexico Inositol Market (2018-2023)
5.1.3 Canada Inositol Market (2018-2023)
5.1.4 Rest of North America
5.2 Europe Inositol Market (2018-2023)
5.2.1 United Kingdom Inositol Market (2018-2023)
5.2.2 France Inositol Market (2018-2023)
5.2.3 Germany Inositol Market (2018-2023)
5.2.4 Italy Inositol Market (2018-2023)
5.2.5 Rest of Europe
5.3 Asia-Pacific Inositol Market (2018-2023)
5.3.1 India Inositol Market (2018-2023)
5.3.2 China Inositol Market (2018-2023)
5.3.3 Japan Inositol Market (2018-2023)
5.3.4 Australia Inositol Market (2018-2023)
5.3.5 Rest of Asia-Pacific
5.4 South America Inositol Market (2018-2023)
5.4.1 Brazil Inositol Market (2018-2023)
5.4.2 Argentina Inositol Market (2018-2023)
5.4.3 Mexico Inositol Market (2018-2023)
5.4.4 Rest of South America
5.5 Middle East & Africa (MEA) Inositol Market (2018-2023)
5.5.1 South Africa Inositol Market (2018-2023)
5.5.2 Kingdom of Saudi Arabia (KSA) Inositol Market (2018-2023)
5.5.3 Rest of Middle East & Africa (MEA)
6. Inositol Market Competitive Landscape
6.1 Most Active Companies
6.2 Most adopted Strategies
6.3 Market Share Analysis
7. Inositol Market Company Profiles
7.1 AstaReal Holdings Co. Ltd
7.3 BGG (Beijing Ginko Group)
7.4 Holland & Barrett Retail Limited
7.5 JXTG Group
7.7 Koninklijke Dsm NV
7.8 Piveg Inc.
7.9 Valensa International