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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Mannitol Market Size
The global mannitol market attained nearly USD 438.90 million in 2023. Between 2024-2032, the market is projected to grow at a steady pace, growing at a CAGR of 4.5%. It is expected to reach USD 651.12 million in 2032.
The Asia Pacific is the leading market in the industry. The region accounts for over half the global mannitol market. China is a major producer of mannitol in the Asia Pacific. The country is also a major exporter of the polyol. In 2018, it accounted for over 40% of the total mannitol exports, globally. Japan and India are the other major exporters in the Asia Pacific. In 2018, India was also the leading importer of the substance, globally. The country is seeking to decrease its imports by increasing the domestic production of the polyol. Japan is also a significant global importer of the substance. The Asia Pacific is followed by the EU and North America as the other significant regions in the industry. They represent 20-30% of the global mannitol market. The United States of America and Italy are the major exporters of the polyol. The US is also the leading importer of the substance. Germany is a significant global importer of mannitol.
While mannitol faces competition from other polyols like sorbitol and xylitol, its demand, globally, has witnessed a stable growth. Its export demand is being driven by its application in the pharmaceutical industry. It also finds extensive application as a food additive. Pharmaceuticals and food additives, together, account for over 65% of the mannitol applications. Since, compared to sucrose, it contributes to a much lower hike in blood glucose, it is finding growing use in food products meant for diabetic patients. The growing cases of diabetes and obesity are leading to people seeking out healthier food options, further aiding the global mannitol market.
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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