Inositol Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1484
Inositol Market size is anticipated to witness dynamic growth due to rapid development in food & healthcare industry and rising research and development activity. The product benefits body in several ways which include transporting fat throughout your body and aids neurons in central nervous system. It is added to energy drinks owning to its property of converting nutrients into energy.
Increasing stress level in people owning to changing lifestyle is projected to boost the inositol market size. Inositol (C6H12O6) causes high serotonin production in brain which helps nerve system to respond well to mood swings.
With rising infant mortality rate in developing countries inositol market will observe significant growth. The product benefits newborn children with respiratory distress by significantly reducing disability, lung complications, eye problems, brain bleeds and death.
Growing demand for explosives in middle east countries will propel inositol market. As a possible use for chemical C6H12O6 nitrate is used as an alternative to nitroglycerin for making explosives currently, C6H12O6 nitrate is used to gelatinize nitrocellulose, hence can be found in many solid rocket propellants and explosives.
Furthermore, farmers are striving hard to protect crops from damage owning to rising pollution level worldwide. For instance, when plants are exposed to road salt, they become dysfunctional and undergo apoptosis, leading to inhibition in plant growth. C6H12O6 pretreatment could reverse the effects of salt on plants. This in turn will fuel inositol market.
C6H12O6 is a chemical compound and member of vitamin B complex which is often referred to as vitamin B8. The product occurs naturally and can be manufactured. It exists in the form of nine stereoisomers, of which the most prominent are cis-1,2,3,5-trans-4, myo- C6H12O6 and 6-cyclohexanehexol. Some of the benefit provided by product include, promotes sleep, reliefs anxiety, treats obsessive compulsive disorder & constipation, promotes weight loss, lowers cholesterol level and improves blood circulation. In addition, the product serves as a vital component in structural lipids and its various phosphates.
The major restraint for the inositol market is bipolar disorder in humans if taken in excess. The product should be avoided during pregnancy and breast feeding. Besides, C6H12O6 is used as an adulterant in many illegal drugs which include, methamphetamine, heroin and cocaine due to its properties of solubility, reduced sweetness and powdery texture.
Inositol exists in liquid and powder form. The product is available in nine types named, myo- C6H12O6, epi- C6H12O6, cis- C6H12O6, allo- C6H12O6, muco- C6H12O6, scyllo- C6H12O6, neo- C6H12O6, l-chiro- C6H12O6 and 6-cyclohexanehexol. Myo- C6H12O6 holds the largest market share as it plays a significant role in providing structural basis to eukaryotic cells. Further, the product is used in different industries including, food & beverage, pharmaceuticals, chemical, cosmetics, supplements, feed and food additive. Pharmaceutical segment is projected to witness fastest growth owning to the medical properties associated with product. It plays a key role in preventing collection of fat in liver and promoting healthy hair growth.
Asia Pacific, led by China holds the largest share for inositol market due to changing lifestyle, increasing infant mortality rate and cardiovascular diseases. Globally, China is the largest producer of C6H12O6 in terms of volumes and accounts for over half of production capacity.
North America and Europe will anticipate substantial growth for inositol market owning to the largest number of obese people present in the region worldwide.
Some of the key players for inositol market are Zhucheng Haotian Pharm, Changzhou Zhonglian, Shandong Runde Biotechnology, TSUNO, Viridian Nutrition, Biological Engineering Technology, Phoenix Herb Company, Shenghao biological technology, Holland & Barrett, Zhucheng Haotian Pharm, Jingkai Biotechnology, Shandong Haishun Biologicals, T. J. Clark & Company, Bill Pipe & Tobacco, Ronas Chemicals, Suning Yuwei, Falcon Wealth, and Charles Bowman & Company.
Companies are developing several market strategies to capture the emerging inositol market which include joint venture, mergers and acquisitions, expansion and new product development. In December 2015, Viridian Nutrition launched a new product named “Myo-inositol & Folic acid”. The new product will help in treating PCOS and its symptoms including, ovulation, metabolic health and fertility.
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