Inositol Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030 (Recession Impact Analysis)
ID : MRU_
23313 | Date :
Jan, 2023 | Pages :
186 | Region : Global |
Publisher : RI
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. The presence of the nutrient also aids in efficient processing of nutrients into the conversion of energy, which in turn helps the body to maintain a healthy metabolism. It also can be considered brain food, as the nutrient is necessary to properly nourish the brain.
Inositol industry concentration is high; most of the manufacturers are in China, Zhucheng Haotian Pharm is the largest manufacturer in the world with annual capacity of 410 MT in 2015. Other important suppliers are Falcon Wealth (Jilin), Suning Yuwei and Shandong Haishun Biologicals. Due to policy and wide application of the industry, the production of inositol will increase to 9768in 2016 from 5295T in 2011 with average growth rate of 13.23%
In consumption market, the global consumption value of inositol increases with the 2.01% average growth rate. Europe and China are the mainly consumption regions due to the bigger demand of downstream applications. In 2015, these two regions occupied 47.54% of the global consumption volume in total.
Inositol has mainly three types, which include food grade inositol, feed grade inositol and pharmaceutical grade. And each type has application industries relatively. With nutrition effect of inositol, the downstream application industries will need more inositol products. So, inositol has a huge market potential in the future. Manufacturers engaged in the industry are trying to produce high purity and good performance inositol through improving technology.
The major raw materials for inositol are corn or rice bran, and other auxiliary chemicals. Fluctuations in the price of the upstream product will impact on the production cost of inositol. The production cost of inositol is also an important factor which could impact the price of inositol. The inositol manufacturers are trying to reduce production cost by developing production method.
We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. In past five years, the price presents decreasing trend according to the economy development status and international competition. Also, there is decreasing trend in gross margin.
The Global Inositol Market had reached xxx million USD with a CAGR xx from 2018-2022. Later on, it will go to xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
In the global Inositol Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
TSUNO
Zhucheng Haotian Pharm
Falcon Wealth(Jilin)
Suning Yuwei
Shandong Haishun Biologicals
Jingkai Biotechnology
Shenghao biological technology In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
Food Grade Inositol
Feed Grade Inositol
Pharmaceutical Grade Inositol
Other In Market segmentation by applications :
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Inositol Market for the forecast period 2023 - 2030?
• What are the driving forces in the Inositol Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Inositol industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players? Any special requirements about this report, please let us know and we can provide custom report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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