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

Global Mannitol Market size was valued at USD 417.48 million in 2022 and is poised to grow from USD 445.87 million in 2023 to USD 754.70 million by 2031, growing at a CAGR of 6.8% during the forecast period (2024-2031).

Growing populations, increasingly active lifestyles, and an increase in specific diseases in certain regions are all anticipated to be positive factors for the sector. This product is utilized as an excipient in the pharmaceutical industry to treat kidney, brain, and heart issues in addition to developing pharmaceutical products. Moreover, it is utilized in tableting applications as a bulking agent. Such a tendency is anticipated to boost the expansion of the mannitol market over the next eight years. The market is anticipated to benefit from the rapid population growth, adoption of dynamic lifestyles, and rise in certain diseases in various regions. This substance is used in the pharmaceutical industry as an excipient to create pharmaceutical products to treat kidney, brain and heart problems. It is also used in tableting applications as a bulking agent. Over the next eight years, this trend is anticipated to support the expansion of the mannitol industry. Mannitol is used by manufacturers because of its excellent wetting properties, low moldability, high water solubility, and low sensitivity to humidity. The market is anticipated to be supported in the near future by rising consumer health consciousness in developing nations and growing demand for baked goods and confections. Furthermore, mannitol is gaining popularity among diabetics because of its lower calorie content. For elderly people and those who are traveling and do not have easy access to water, chewable tablets or gums are very helpful. Its mannitol content gives the mouth a cooling sensation.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Mannitol Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Mannitol Market Segmental Analysis

The global mannitol market is segmented based on form, application, and region. Based on form, the market is segmented into powder and granules. Based on application the market is segmented into food grade, pharmaceuticals, industrial, surfactants and others. Based on region the global mannitol market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Drivers of the Global Mannitol Market

Many drugs used to treat chronic conditions like diabetes, heart disease, and cancer contain mannitol as an active pharmaceutical ingredient (API). The need for mannitol, an essential ingredient in these drugs, is being driven by the increasing incidence of chronic illnesses throughout the world.

Restraints in the Global Mannitol Market

Other low-calorie sweeteners including stevia, aspartame, and sucralose compete with mannitol. The food and beverage industry's demand for mannitol may be curtailed by the availability of these substitutes.

Market Trends of the Global Mannitol Market

In the pharmaceutical business, mannitol is frequently used as an excipient to increase the solubility and bioavailability of medications. The market for mannitol is expanding as a result of the rising demand for medications that include mannitol as an excipient or active ingredient due to the rising prevalence of chronic diseases.