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Global Mannitol Market to Grow at a CAGR of 4.6% between 2019-2024

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"According to a new report by EMR titled, ‘Global Mannitol Market Report and Forecast 2019-2024', the market for mannitol, reached a value of USD 350 million in 2017. The mannitol market is further expected to grow in the forecast period of 2019-2024, growing at a CAGR of 4.6% between 2019-2024. The market is projected to reach USD 480 million in 2024."

The global mannitol market is driven by the growing demand of mannitol in the pharmaceutical and food industry. Mannitol is a sweet-tasting, colourless and odourless sugar alcohol, also referred to as mannite or manna sugar. It is non-cariogenic, that is, it has low-calorie content and prevents tooth decay. It is absorbed less by the body, thus, it prevents the increase in the insulin level of the body, as compared to sugar. It is a naturally occurring alcohol present in fruits and vegetables and has various uses in the food and medical products. It comes in powder and granular forms.

SPI Pharma (NASDAQ: SPI) and Pfanstiehl, Inc., part of the Organic Specialties Group of Ferro Corporation (NYSE:FOE) are the key players in the global mannitol market. Cargill and Roquette are the major companies in the global mannitol market. Cargill in September 2019 invested USD 5 million in Mouscron, Belgium to help achieve the production of chocolate with lower sugar levels. This investment will allow consumers the ability to choose from a range of sugar replacers. The company has also created a recipe capability using sugar-reduced chocolate with the optimized blend of sugar replacers, while still maintaining other elements like taste and texture.  It also includes the mandatory dosing systems to let Cargill reduce sugar levels steadily, or up to 30% or higher.

Roquette, a major company in mannitol market, in June 2019 extends its reach to include consumers of gluten free products with new mannitol grade by launching Pearlitol SW-F. Pearlitol SW-F is made of wheat-free sugar-free and non-GMO composition having similar properties to the firm’s already existing range of Pearlitol SD mannitol grades.

Market Breakup by Forms, Applications, and Regions:

  • By form, mannitol can be divided into powder and granular.
  • Mannitol is applied in the food industry, industrial, surfactants, pharmaceuticals, and personal care, among others.
  • The market for mannitol is divided region-wise into North America, Europe, Asia Pacific, LATAM and the Middle East & Africa.

Key Findings of the Report:

  • Rising demand for mannitol application in the pharmaceutical industry is driving the industry forward.
  • Extensive application of mannitol as a food additive is further aiding the industry growth.
  • The growing use of mannitol in food products intended for health-conscious people is propelling the industry forward.
  • People looking out for healthier food options due to increasing cases of diabetes is finding impetus in the growth of the industry.

Key Offerings of the Report:

  • The EMR report presents an overview of the global mannitol market for the periods (2014-2018) and (2019-2024).
  • The report gives historical (2014-2018) and forecast (2019-2024) market information for the forms, applications, and regional markets of mannitol.
  • The report offers a detailed insight into the region-wise historical (2014-2018) and forecast (2019-2024) price trends for mannitol.
  • The report delivers the global trade data for mannitol for the year 2018, covering the major exporting and importing countries by value and volume.

Cargill, Incorporated, Roquette Frères, SPI Pharma, and Pfanstiehl, Inc., among others, are the key players in the global mannitol market. The EMR report looks into their market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions.

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"Global Mannitol Market: By Form: Powder, Granular; By Application: Food Industry, Industrial, Surfactants, Pharmaceuticals, Personal Care, Others; By Region: North America, Europe, Asia Pacific, LATAM, Middle East & Africa; Historical Production and Consumption (2014-2018); Production and Consumption Forecast (2019-2024); SWOT Analysis: Value Chain Analysis: Porter’s Five Forces Analysis: Global (HS Code-290543) Trade Analysis (2018): Global Mannitol Price Analysis: Manufacturing Process: Cost Analysis: Key Players & Company Profile Analysis: Consumer Analysis: Events and Developments"

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