3rd December 2019 – Global Mannitol
Market is estimated to reach USD 418.3 million by 2024, owing to the
increase in demand for confectionary and bakery products like chewing gums,
candies, lozenges, etc. Mannitol is used for coating these food items and
contains less calories compared to sugar. It is widely used in sugar-free foods
due to its non-hygroscopic nature and is consumed largely by the diabetic
patients.
Mannitol is a sugar alcohol, which is
also used as a medication. It is mostly used as a sweetener in diabetic foods
as it cannot be easily absorbed in the intestines. It is widely used in the
managing of cerebral oedema and raised intracranial pressure (ICP) for numerous
causes. It is also used for renal protection in vascular & cardiac surgery,
during renal transplantation and in the management of rhabdomyolysis.
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Increasing demand for mannitol in bakery
and confectionaries is one of the major driving factors for mannitol market.
The rise in demand for low calorie sugars because of growing health awareness
is expected to fuel mannitol market in the forecast period. The alternate use
mannitol powder as a sweetener is also accelerating the demand for mannitol.
Owing to the unique properties of mannitol like good water solubility, low
sensitivity towards humidity, cooling sensation in mouth, mannitol is used in
pharmaceutical and food industries and is predicted to stimulate mannitol
market in the years to come.
Mannitol also has wide applications in
pharmaceuticals as excipients in tablet formulation and helps in curing
diseases related to brain and kidney. Therefore, the use of mannitol in
pharmaceuticals segment is predicted to rise significantly in future, thereby
affecting mannitol market.
The changing lifestyle along with rise
in diseases related to sugar consumption in China, Japan and India has
strengthened the growth of mannitol market. However, the only challenge to be
faced by this market is the slowing down of the global economic growth that
negatively impacts the market growth.
The market is categorized on the basis
of product, end users, and geography. On the basis of product, market is divided
into catalytic hydrogenation technology, natural extraction technology, and
others. Based on end users, the market is divided into pharmaceutical industry,
food industry, and other applications.
Geographically, the market is segmented
as North America, Europe, and Southeast Asia. Owing to the changing lifestyle,
Southeast Asia is expected to dominate mannitol market in the coming years. The
key players in mannitol market include Cargill, Roquette Frères Company, SPI
Pharma, Singsino Group Ltd., Qingdao Bright Moon Seaweed Group Co., Ltd., Hebei
Huaxu Pharmaceutical Co. Ltd, Moga International Ltd., Merck Millipore
Corporation, Qingdao Yuanrun Chemical Co. Ltd., and Rongde Seaweed Co. Ltd.
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