Inositol Market Overview:
Inositol is a simple precursor in a second messenger system important in the brain. It is also named cyclohexane-1,2,3,4,5,6-hexol. Naturally found in fruits, beans, grains and nuts, this compound is also made in the body. The most common form of the inositol is the myo-inositol. It can be found in a powder or liquid format. Recently, this element has raised eyebrows for being associated with reducing depression, anxiety and other such panic related disorders. It is also a part of the food processing industry by promoting the growth of yeast and bacteria. Other industries include healthcare where it is also known to help reduce cholesterol, chemical industry etc. Extensive clinical research is being performed to investigate its benefits further. With all the benefits it gives, the element is now found in the form of vitamin pills.
Inositol Market Size:
Inositol Market was valued at USD xx million in 2017 and projected to reach USD xx million by 2022 growing at a CAGR of xx% during the forecast period 2017 to 2022.
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Inositol Market Growth Factors, Drivers and Restraints:
However, with its array of benefits available, the downside is that too much inositol can trigger bipolar disorders. Pregnant and breast-feeding mothers are also shunned from taking the supplement. Therefore, external dosage should only be taken under medical supervision. Recently, another application of the inositol has been in the production of explosives and rocket propellants, wherein it is used as an alternative for nitro-glycerine. This is expected to propel the market further in the Middle East. Viridian Nutrition came up with the “Myo-inositol & Folic acid” product that is supposed to treat PCOS and its symptoms. Big firms, thus, are attempting to research on the element and come up with new products regularly, to keep the market afloat.
Inositol Market Geographical Overview:
The market for the inositol is segmented into North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific excluding Japan (APEJ), Middle East and Africa (MEA). China and Japan are leading producers of the element, accounting for over 50% of the world capacity. Changing lifestyle, increasing infant mortality rate and increasing cardiovascular issues have boosted the growth in this region. Due to obesity being a leading killer in the US, North America and Europe are expected to substantially grow in the forecasted period.
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Key Players of Inositol Market:
Key players in this domain are Zhucheng Haotian Pharm Co. Ltd., Biological Engineering Technology Co. Ltd., Changzhou Zhonglian Inositol Co. Ltd., Shandong Runde Biotechnology Co. Ltd., Mr. Bill’s Pipe & Tobacco Company, Holland & Barrett, Phoenix Herb Company, Ronas chemicals Co. Ltd., Charles Bowman & Company, T. J. Clark & Company etc. Most of the big firms collaborate via mergers and acquisitions to be able to invest heavily in its research as part of their strategy.
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