Mannitol Market Analysis By Application (Food Additive,
Pharmaceuticals, Industrial, Surfactants) And Segment Forecasts To 2024
The global mannitol market is expected to reach USD
418.3 million by 2024, according to a new report by Grand View Research, Inc.
Increasing demand for confectionery and bakery products such as candies,
chewing gums and lozenges is expected to drive the market growth.
Mannitol is used for
coating these products and also has less calorie content compared to sugar. It
is widely used in sugar-free products on account of its non-hygroscopic nature
and is also consumed primarily by patients suffering from diabetes.
Rising geriatric
population base who do not have ready access to water at times, use
mannitol-derived chewing gums. Such a trend is expected to aid the overall
market over the forecast period. Owing to properties such as cooling sensation
in the mouth, good aqueous solubility and lesser sensitivity towards humidity,
mannitol is widely used in food grade application.
However, excessive
consumption of mannitol may cause laxative effect among human beings. Such a
trend is anticipated to negatively impact the global demand along with its
prices over the future years.
Various regulations have
been issued by European and the U.S. governments such as E421, which have been
favorable to the industry growth over the next eight years. Moreover, there
have been lots of technological advances in recent past to produce cheaper raw
materials such as inulin which is a polymer of fructose and derived from plant
tubers. These are expected to create new avenues for industry participants.
Access
Research Report of Mannitol Market@ http://www.grandviewresearch.com/industry-analysis/mannitol-market
Further key findings from the report suggest:
· The global mannitol market demand was 16.6 kilo
tons in 2015 and is expected to reach 35.9 kilo tons by 2024, growing at a CAGR
of 9.0% from 2016 to 2024
· Food additive emerged as the leading
application segment and accounted for 36.9% of total market volume in 2015.
Increasing demand for low calories sugar on account of growing health awareness
is expected to drive this segment over the forecast period.
· Pharmaceutical is presumed to be the
fastest growing application segment at an estimated CAGR of 9.6% from 2016 to
2024. Mannitol is used as excipients in pharmaceutical tablet formulation and
also helps in treating diseases related to kidney & brain.
· Asia Pacific emerged as the most dominant
regional market in 2015 and held over 60% of global demand for the same year.
Changing lifestyle coupled with the prevalence of diseases related to sugar
consumption in China, Japan and India are expected to benefit the regional
market.
· Key companies in the industry include
Roquette, Cargill, SPI Polyols, Inc., SPI Pharma, Bright Moon Seaweed, Singsino
Group Ltd., Hebei Huaxu Pharmaceutical Co., Ltd, EMD Millipore and Moga
International Ltd. The market witnesses’ different dynamics regarding market
strategies, M&As, and product diversification.
Grand View Research has
segmented the global mannitol market on the basis of application and region:
Global Mannitol Application Outlook (Volume, Tons;
Revenue, USD Million, 2014 - 2024)
·
Food Grade
·
Pharmaceuticals
·
Industrial
·
Surfactants
·
Others
Global Mannitol Regional Outlook (Volume, Tons; Revenue,
USD Million, 2014 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
