Global Mannitol Market Expected to Reach USD 418.3
Million by 2024
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.
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...