Global Inositol Market - Segmented by Form (Capsule, Tablet, Powder, Other Forms), By Application (Supplement, Beverage, Drug, Other Applications) - Growth, Trends, and Forecast (2018 - 2023)

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

Inositol Market Major players - AstaReal Holdings Co. Ltd, AstaSupreme, BGG (Beijing Ginko Group), Holland & Barrett Retail Limited, JXTG Group, KeyNatura, Koninklijke Dsm NV, Piveg Inc., and Valensa International, among others.

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
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