USD 417.48 Million
Mannitol Market Size, Share, Growth Analysis, By Form(Powder and Granules), By Application(Food Grade, Pharmaceuticals, Industrial, Surfactants and Others), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG30H2125 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
62
|Figures:
75
Mannitol Market Insights
Mannitol Market size was valued at USD 445.87 Million in 2023 and is poised to grow from USD 476.19 Million in 2024 to USD 806.02 Million by 2032, growing at a CAGR of 6.8% during the forecast period (2025-2032).
The industry is expected to benefit from a growing population, a more dynamic lifestyle, and an increase in certain diseases across different geographies. This product is used as an excipient in the pharmaceutical business to develop pharmaceutical goods as well as to treat kidney, brain, and heart problems. Furthermore, it is employed as a bulking agent in tableting applications. Over the next eight years, such a tendency is expected to support mannitol market growth.
Growing population, dynamic lifestyle, and an increase in some diseases across different regions are expected to favorably affect the market. This product is used as an excipient in the pharmaceutical business to develop pharmaceutical products as well as to treat disorders of the kidney, brain, and heart. It is also utilized as a bulking agent in tableting applications. Such a trend is expected to assist mannitol market growth during the following eight years.
Manufacturers favor mannitol due to its high water solubility, low moldability, low sensitivity to humidity, and superior wetting qualities. Growing demand for confectionery and baked food products, as well as increased health consciousness among consumers in developing regions, are expected to support the market in the near future. Furthermore, due to its lower calorie content, mannitol is becoming more popular among diabetics. Chewable tablets or gums are especially important for geriatric and traveling patients who do not have easy access to water. The presence of mannitol in it causes a cooling sensation in the mouth. This element is expected to have a beneficial impact on overall market growth in the coming years.
Excessive ingestion of the product produces a laxative effect in humans, resulting in diarrhea. It is mostly deemed safe for use as a food additive with the E421 classification. Prices are now high due to its use in many applications, but they are predicted to fall over the next eight years due to its laxative function. Growing customer desire for sugar-free products as a result of health consciousness and changing lifestyles is also predicted to boost market demand. R&D initiatives are being undertaken to offer prospective applications without any mannitol side effects, which is projected to create several opportunities for industry partners across a wide range of healthcare applications.
Recent technological advances are being made to synthesize mannitol using less expensive raw materials. Production utilizing lactic acid bacteria is being innovated, which is predicted to boost yield while maintaining high purity quality.
US Mannitol Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Food Additive
Fastest Growth
Food Additive
Growth Rate
6.8% CAGR
Global Mannitol Market ($ Bn)
Country Share for Europe Region(%)
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Mannitol Market Segmental Analysis
Global Mannitol Market is segmented based on Form, Application and region. Based on Form, the market is segmented into Powder and Granules. Based on Application the market is segmented into Food Grade, Pharmaceuticals, Industrial, Surfactants and Others. Based on region the global Mannitol Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Mannitol Market Analysis by Application
Food additives, medicines, industrial, surfactants, and other applications are among the most common. Surimi and cosmetics are two further applications. Mannitol is used as a drug adulterant in heroin, cocaine, and methamphetamines. Furthermore, mannitol can be employed as a compound with boric acid, which allows for greater precision in volumetric analysis of the acid as well as an increase in acid strength.
Food additive application accounted for more than 35% of the total market and emerged as the market leader. The increased demand for food grade applications is mostly due to changing consumer preferences to participate in diet and lifestyle management, which has resulted in a higher demand mannitol market.
Global Mannitol Market By Application
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Mannitol Market Regional Insights
Asia Pacific led the global mannitol market, accounting for more than half of the overall market. Emerging markets like China and India accounted for a large share of the total market. Consumption in the regional market has increased as a result of rising consumer health consciousness. Diabetes is becoming more common in China as a result of the country's changing lifestyle and socioeconomic level, and this trend is expected to continue for the next eight years. However, two types of diabetes must be addressed immediately: obesity and cardiovascular disease. These factors are anticipated to increase market demand over the next eight years.
Europe is predicted to be the fastest growing region in terms of mannitol market growth, owing to expanding R&D activities and rising demand from the region's numerous end-user industries.
Global Mannitol Market By Region
- Largest
- Fastest
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Mannitol Market Dynamics
Mannitol Market Drivers
Increasing Prevalence of Chronic Diseases
- Mannitol is used as an active pharmaceutical ingredient (API) in several medications used to treat chronic diseases such as diabetes, heart disease, and cancer. The rising prevalence of these diseases worldwide is driving the demand for mannitol as a crucial component of these medications.
Mannitol Market Restraints
Availability of Alternative Sweeteners
- Mannitol faces competition from other low-calorie sweeteners such as stevia, aspartame, and sucralose. The availability of these alternatives can limit the demand for mannitol in the food and beverage industry.
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Mannitol Market Competitive Landscape
The global mannitol market is highly competitive with the presence of several players. The market players are focusing on developing new applications of mannitol and expanding their product portfolio. Additionally, some players are investing in research and development activities to develop new applications of mannitol and improve its properties.
Mannitol Market Top Player’s Company Profiles
- SPI Pharma
- Merck KGaA
- Qingdao Bright Moon Seaweed Group Co. Ltd.
- Zhejiang Huakang Pharmaceutical Co., Ltd.
- Vizient, Inc.
- Hebei Huaxu Pharmaceutical Co., Ltd.
- EMD Millipore Corporation
- Lianmeng Chemical Co., Ltd.
- Shouguang Tiancheng Chemical Co., Ltd.
- Pfanstiehl, Inc.
- CarboMer, Inc.
- Sigma-Aldrich Corporation
- Perstorp Holding AB
- Medtronic plc
- Qingdao Free Trade Zone United International Co., Ltd.
- Dancheng Caixin Sugar Industry Co., Ltd.
- Alfa Aesar
Mannitol Market Recent Developments
- In February 2024, Indermal launched Vegan DDS Pure Retinal for boosting retinal-induced collagen and elastin recovery with liposome-based delivery systems. The product includes Mannitol as the 4th ingredient in its INCI list.
- In March 2023, Ingredion announced that it had acquired Amishi Drugs & Chemicals (AD&C), a manufacturer of superdisintegrants, lubricants, and viscosifiers, and secured a majority position in Mannitab Pharma Specialties, a supplier of specialty sugars to the pharmaceutical industry. The investments complement Ingredion’s portfolio of starch, mannitol, and dextrose product offerings, as well as expand Mannitab’s manufacturing capacity for spray-dried mannitol for direct compression.
- In November 2022, Cipla launched Leuprolide Acetate Injection Depot 22.5mg. It is supplied as lyophilized microspheres in a single dose vial as a kit with a prefilled syringe containing 2mL 0.8% mannitol solution and an easy-to-use MIXJECT transfer device for a single dose injection.
Mannitol Key Market Trends
- Increasing demand from the pharmaceutical industry: Mannitol is widely used as an excipient in the pharmaceutical industry to improve the solubility and bioavailability of drugs. With the growing prevalence of chronic diseases, the demand for drugs containing mannitol as an active ingredient or excipient is increasing, driving the growth of the mannitol market.
- Rising demand for low-calorie sweeteners: Mannitol is a low-calorie sweetener widely used in the food and beverage industry as a substitute for sugar. With the growing trend towards healthy eating and increasing concerns about obesity and diabetes, the demand for low-calorie sweeteners like mannitol is expected to increase.
- Growing popularity of sugar-free confectionery: Sugar-free confectionery, including gums, mints, and candies, is gaining popularity among health-conscious consumers. Mannitol is used as a sugar substitute in these products, making them a healthier alternative to traditional confectionery products. This is expected to drive the growth of the mannitol market in the coming years.
- Increasing demand from Asia-Pacific region: The Asia-Pacific region is expected to witness significant growth in the mannitol market due to the increasing prevalence of chronic diseases and growing demand for low-calorie sweeteners in countries like India and China. The region is also a major producer of seaweed-based mannitol, which is driving the growth of the market in the region.
- Growing demand for natural and organic products: Consumers are increasingly looking for natural and organic products, including sweeteners like mannitol. This is driving the demand for natural sources of mannitol, such as seaweed, and for products that are free from synthetic chemicals and additives. Manufacturers are responding to this trend by developing new natural and organic products and expanding their production capabilities in this area.
Mannitol Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our mannitol market analysis, we found that the Mannitol market is the industry that is expected to benefit from a growing population, a more dynamic lifestyle, and an increase in certain diseases across different geographies. This product is used as an excipient in the pharmaceutical business to develop pharmaceutical goods as well as to treat kidney, brain, and heart problems. Furthermore, it is employed as a bulking agent in tableting applications. Over the next eight years, such a tendency is expected to support mannitol market growth. Recent technological advances are being made to synthesize mannitol using less expensive raw materials. Production utilizing lactic acid bacteria is being innovated, which is predicted to boost yield while maintaining high purity quality.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 417.48 Million |
| Market size value in 2031 | USD 754.70 Million |
| Growth Rate | 6.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Mannitol Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Mannitol Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Mannitol Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Mannitol Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Mannitol Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mannitol Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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