Inositol Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 146.25 Million |
| Market Size (2029) | USD 206.86 Million |
| CAGR (2024 - 2029) | 7.18 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
Inositol Market Analysis
The Inositol Market size is estimated at USD 146.25 million in 2024, and is expected to reach USD 206.86 million by 2029, growing at a CAGR of 7.18% during the forecast period (2024-2029).
Inositol is a naturally occurring nutrient that is usually classified as a carbocyclic polyol. The most common form is sometimes referred to as myo-inositol. In the human body, it plays a major role in preventing the collection of fats in the liver, as well as promoting healthy hair growth. A growing number of people are affected by diseases like PCOS, and diabetes. and others, due to the adoption of a 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 the vitamin B complex. For instance, according to the International Diabetes Federation western pacific region had the most diabetic patients in 2021, that were around 206 million.
It is expected that greater initiatives toward creating awareness about the health benefits of inositol among consumers and exploring new and innovative applications of the ingredient in food, beverages, and drug products, can propel the growth of the market in the future. Inositol may take various forms, however, the most commonly found form is Myo-inositol. In addition, inositol is commonly used for enhancing bacterial and yeast growth and is commonly used as an additive for food. Furthermore, dietary supplements can also be manufactured using it, either as powders or capsules. Among the various applications of inositol, the versatility of its use is one of the most improbable facets that has fueled its growth over the years.
Inositol Market Trends
Increasing Demand for Inositol in Pharmaceutical Industry
Increasing demand for products with inositol content among women suffering from polycystic ovarian syndrome worldwide is a major factor expected to drive the growth of the inositol market. The prevalence of diseases like PCOS in women has also led to extensive use of inositol in the manufacture of medicines to cure PCOS, as it aids in increasing progesterone, lowering testosterone levels, decreasing luteinizing hormones, diabetes, and inducing weight loss. Increasing demand from the pharmaceutical sector for medicine preparation that aids in the treatment of neonatal respiratory distress syndrome in infants and diabetes is another factor expected to drive the market during the forecast period.
The demand for inositol is also rising, as it helps cure hair fall, depression, and other health problems the current generation faces due to the prominence of unhealthy eating habits and lifestyles. Such benefits may increase the demand for supplements and propel the market. According to the new rules, dietary supplements produced or sold in the European Union (EU) can contain only EC-approved components. Since myoinositol supplements are now considered safe for human ingestion, this rule should increase their demand. Manufacturers' and researchers' approach toward increasing the use of inositol in cancer medicine preparation is another factor expected to further support the growth of the market during the forecast period.
North America Dominates the Market
North America is expected to continue registering significant demand for inositol during the forecast period. The high prevalence of polycystic ovary syndrome, digestive disorders, and lifestyle-related diseases due to poor eating habits and high consumption of processed food is expected to drive the demand for inositol supplements. The market in the region is expected to witness significant growth, owing to the growing pharmaceutical sector and increasing government spending on the healthcare sector. Inositol is used to improve the growth of microbes, and yeast frequently uses additives found in food. It can be used to create nutritional supplements, either in the form of powder or cases. One factor that has driven the market's growth over the long haul is the diversity in how inositol is used. The growing number of people with deficiencies encouraged the development of inositols. As the market for healthy food items rises, and with significant players located in the region, North America is well-positioned to become the market leader. The presence of regional players operating in the countries offering innovative products is expected to boost the growth of the market.
Inositol Industry Overview
The inositol market is highly competitive in nature, with the presence of global players such as Koninklijke DSM NV, Shandong Runde Biotechnology Co., Charles Bowman & Company, Zhucheng Haotian Pharm Co. Ltd, and Asiamerica Group Inc. The key players are adopting strategic approaches such as product launches, partnerships, and expansion to strengthen their position in the market. In February 2021, BASF SE introduced its newest Myo-Inositol supplements under the Inositol brand. The company established a novel method of producing this product, which is more efficient than the prior method and uses renewable raw materials.
The companies are investing in R&D activities to boost the demand for supplements amid the surging awareness about health issues. The government is also taking the initiative to ensure the safety and quality of the products. The companies are following rules and regulations issued by governments to attract customers.
Inositol Market Leaders
-
Koninklijke DSM N.V
-
Shandong Runde Biotechnology Co
-
Charles Bowman & Company
-
Zhucheng Haotian Pharm Co. Ltd
-
Asiamerica Group, Inc.
*Disclaimer: Major Players sorted in no particular order
Inositol Market News
- In March 2023, MD Logic Health, a leading provider of USA-made professional-grade nutraceuticals and physician-recommended dietary supplements, announced its second collaboration with Cynthia Thurlow, NP. The latest product developed under this collaboration is Inositol by Cynthia Thurlow, powered by MD Logic Health. Myo-inositol, a naturally occurring organic compound produced by the liver and kidney, is crucial in regulating the body's response and hormones associated with mood and cognition.
- In March 2023, Veera Wellness launched its nutraceutical - VeeVital PCOS support for better management of the disorder. VeeVital contains the clinically studied dose of Myo-inositol, which is proven to have beneficial effects on PCOS symptoms by improving insulin levels, lowering male hormone levels, regulating periods, and improving ovarian function and fertility.
- In February 2023, Pro360, the GMN Group of Companies brand, launched its FemCare+ and HPHF range of products aimed at bringing men and women a wide range of benefits to improve their lifestyles. Experts have curated the FemCare+ range using enriched, natural ingredients such as black cohosh, evening primrose, soy isoflavones, Shatavari, and myoinositol.
Inositol Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Source
5.1.1 Plant-based Inositol
5.1.2 Synthetic Inositol
5.2 Application
5.2.1 Dietary Supplement
5.2.2 Beverage
5.2.3 Feed Industry
5.2.4 Pharmaceutical Industry
5.2.5 Other Applications
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Russia
5.3.2.5 Italy
5.3.2.6 Spain
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 South Africa
5.3.5.2 Saudi Arabia
5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Koninklijke DSM NV
6.3.2 Zhucheng Haotian Pharm Co. Ltd
6.3.3 T.J. Clark & Company
6.3.4 Hebei Yuwei Biotechnology Co. Ltd
6.3.5 Jingkai Biotechnology
6.3.6 Shandong Runde Biotechnology Co.
6.3.7 Mr. Bill's Pipe & Tobacco Company
6.3.8 Charles Bowman & Company
6.3.9 Asiamerica Group Inc.
6.3.10 Ronas Chemicals Ind. Co. Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Inositol Industry Segmentation
Inositol is a substance that is found in plants and animals. It is also known as vitamin B8. Grains, beans, nuts, fresh fruits, and vegetables are rich sources of inositol. The human body can also produce inositol. It acts as a type of sugar that controls blood sugar and affects the function of a chemical messenger in the brain.
The inositol market is segmented by source, application, and geography. Based on the source, the market is segmented into plant-based and synthetic inositol. Based on the application, the market is segmented into dietary supplement, beverage, feed industry, pharmaceutical industry, and other applications. By geography, the study analyzes the inositol market in emerging and established markets, including North America, Europe, Asia-Pacific, South America, and Middle East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (USD).
| Source | |
| Plant-based Inositol | |
| Synthetic Inositol |
| Application | |
| Dietary Supplement | |
| Beverage | |
| Feed Industry | |
| Pharmaceutical Industry | |
| Other Applications |
| Geography | |||||||||
| |||||||||
| |||||||||
| |||||||||
| |||||||||
|
Inositol Market Research FAQs
How big is the Inositol Market?
The Inositol Market size is expected to reach USD 146.25 million in 2024 and grow at a CAGR of 7.18% to reach USD 206.86 million by 2029.
What is the current Inositol Market size?
In 2024, the Inositol Market size is expected to reach USD 146.25 million.
Who are the key players in Inositol Market?
Koninklijke DSM N.V, Shandong Runde Biotechnology Co, Charles Bowman & Company, Zhucheng Haotian Pharm Co. Ltd and Asiamerica Group, Inc. are the major companies operating in the Inositol Market.
Which is the fastest growing region in Inositol Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Inositol Market?
In 2024, the North America accounts for the largest market share in Inositol Market.
What years does this Inositol Market cover, and what was the market size in 2023?
In 2023, the Inositol Market size was estimated at USD 136.45 million. The report covers the Inositol Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Inositol Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Myo Inositol Industry Report
Statistics for the 2024 Myo Inositol market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Myo Inositol analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
