Mannitol Market Size, Share, Growth Analysis, By Form(Powder and Granules), By Application(Food Grade, Pharmaceuticals, Industrial, Surfactants and Others), By Region - Industry Forecast 2024-2031

Global Mannitol Market size was valued at around USD 417.48 Million in 2022 and is expected to rise from USD 445.87 in 2023 to reach a value of USD 754.70 Million by 2031, at a CAGR of 6.8% over the forecast period (2024–2031).

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.