Global Mannitol Market by Forms, End-use Industries, and Regions— Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

Global Mannitol Market was valued at USD 212.0 Million in 2015, and is projected to grow at CAGR of 4.2% over the forecast period 2020–2026. Key factors driving the market are growing demand for sugar-free chewing gums due to changing dietary trends, growing number of geriatric patients and applications in reducing intracranial pressure and high intraocular pressure.

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Growing population, dynamic lifestyle, and increase in some diseases across the different regions are anticipated to positively impact the market. This product is used as excipients in the pharmaceutical industry for to formulate pharmaceutical products along with treating diseases related to kidney, brain and heart. Moreover, it is also used as a bulking agent for tableting applications. Such a trend is anticipated to benefit the market growth for mannitol over the next eight years.

Mannitol is mostly preferred by manufacturers due to its good water solubility scope, low mold ability, lesser sensitivity towards humidity and good wetting characteristics. Growing confectionery & baked food products demand and health awareness among consumers in developing regions are presumed to aid the market shortly.

Moreover, due to its less calorie content, mannitol is increasingly gaining prominence among people suffering from diabetics.

Market Dynamics:

Wide application of Mannitol in the food industry, primarily in for the development of sugar-free product, is one of the key factors driving the growth of the market. Increasing demand for confectionery & baked food products is also likely to boost the demand for Mannitol.
Demand for Mannitol is high in the food, chemical, pharmaceutical, and other industries.
Rigid regulations enforced by healthcare organizations such as the FDA are expected to hamper the growth of the market.
Factors such as side effects due to the consumption of products having Mannitol and high prices of the diuretic are expected to restrain the growth of the market.
Rising usage of Mannitol in the healthcare and pharmaceutical industries is expected to create opportunities for the manufacturers in the market in the upcoming years.