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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Mannitol Market Analysis
The global mannitol market is being driven by its rising demand as a food additive. The increase in the cases of diabetes is also aiding the industry for the polyol as it does not excessively increase the blood glucose level, and thus, finds extensive application as a sweetener for people with diabetes. The rising health consciousness among the consumers is also propelling the global mannitol market forward as it is a low calorie and non-cariogenic additive. The industry is being driven by its expanding end-use applications in the confectionery section. It is increasingly used in mint-based candies and gums because of its cooling effect. Due to its low hygroscopicity, leading to low absorption of water from air, it is extensively used as a coating in dried fruits, hard candies, and chewing gums. Additionally, due to its pleasant taste and mouthfeel, it is also finding rising application in chewable tablets.
The pharmaceutical sector is one of the fastest-growing application sectors for mannitol. The industry is driving the growth in the global demand for the polyol. It is used as an excipient in the formation of tablets. It is also finding uses as a diuretic and is finding rising applications in the treatment of renal failure, along with heart and lung diseases. The rapid urbanisation, along with a rise in the middle-class population is aiding the industry as the consumption patterns are changing with processed foods witnessing an increase in their consumption levels. The global mannitol market is also finding impetus for its growth in the technological advancements taking place in the industry, which are seeking to reduce the manufacturing cost. In the coming years, rising innovations in the sector will further propel the industry forward. It is expected to witness a steady demand as its applications are seeing an expansion.
Mannitol Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global mannitol market reached a value of USD 438.90 million in 2023.
The market is projected to grow at a CAGR of nearly 4.5% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 651.12 million by 2032.
The major drivers of the market include rising disposable incomes, increasing population, rising demand for mannitol as a food additive, rapid urbanisation, rising cases of diabetes, and growing health consciousness.
Technological advancements, surging innovations, and the increasing end uses of mannitol are expected to be key trends guiding the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the major regions in the market.
The different forms of mannitol are powder and granular.
The major applications of mannitol are food industry, industrial, surfactants, pharmaceuticals, and personal care, among others.
The leading players in the global mannitol market are Cargill, Incorporated, Pfanstiehl, Inc., SPI Pharma, Lyondellbasell Industries N.V., Roquette Frères, Others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124