Global Mannitol Market is expected to reach a revenue of US$ 890.31 Million, rising at a CAGR of 7.1% by 2033 end

Mannitol Market Sales Rising As Consumption within Food & Beverage and Pharmaceutical Industry Surges. The extensive demand for low-calorie sugar alternative products across India will foster the mannitol sales during the forecast period

/EIN News/ — NEWARK, Del, May 29, 2023 (GLOBE NEWSWIRE) — The predicted value of the worldwide mannitol market in 2022 was close to US$ 418.65 million. According to predictions, the sector would benefit from reasons such as a growing population, changing lifestyles, and an increase in certain ailments. As a result, it is predicted to have made US$ 890.31 million by 2033 and to grow at a 7.1% CAGR from 2023 to 2033.

The market for mannitol is expanding as a result of the increased prevalence of diabetes. Its usage as a sweetener in food and drinks is projected to rise because it does not cause a major increase in blood sugar levels. The global mannitol market is also profiting from increasing consumer awareness of health issues since it is a low-calorie as well as non-cariogenic additive. Confectionery applications are expanding, which is driving growth. It is being used more and more in gums and mint-based candies due to its cooling properties.

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Around the world, there is a rising demand for packaged drinks, juices, and various flavored drinks. The vast majority of beverage products rely on sugar. Manufacturers add sugar to flavored drinks to enhance their flavor along with mouthfeel. In beverages, conventional sugar has more calories. More consumers are attempting to limit their consumption of calories, carbs, or certain sugars as occurrences of different chronic illnesses like diabetes and obesity rise. Beverage producers are turning to sugar alcohols to stay up with the altering trend. The beverage industry’s need for mannitol is growing as a result.

Key Takeaways:

  • Through 2033, it is expected that the United States would control more than 63.5% of share of the North America.
  • In 2023, it is anticipated that the UK mannitol market would be worth US$12.4 million.
  • It is anticipated that by 2033, Latin America would consume more than 35.5% of all mannitol consumed worldwide.
  • The most popular form, crystal, currently has a dominant market share of over 64% and is anticipated to increase at a CAGR of 7.25% from 2023 to 2033.
  • During the projection period, the pharmaceutical industry is anticipated to grow at a 7.91% annual rate.

“The market for mannitol is expanding as a result of the increased prevalence of diabetes. Its usage as a sweetener in food and drinks is projected to rise because it does not produce an enormous rise in blood sugar levels, – remarks an analyst at FMI.

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Competitive Landscape:

Manufacturers in emerging nations like the Middle East, as well as the Asia Pacific, have improved their capacity for research in preparation for the launch of new products. In turn, this has opened up the potential for a worldwide market for low-intensity sweeteners.

Key businesses throughout the world are concentrating on expanding their footprint in response to the rising demand for mannitol. They are concentrating on working with regional players in order to increase their worldwide reach. This tactic is not just effective in underdeveloped nations. Instead, some of the top producers in advanced nations are seeing teamwork as a crucial tactic to acquire a competitive edge.

Prominent Players are:

  • Roquette Frères Company
  • Cargill Inc.
  • SPI Pharma
  • Qingdao Bright Moon Seaweed Group Co.
  • Spectrum chemical manufacturing corp.
  • Hebei Huaxu Pharmaceutical Co. Ltd
  • Rongde Seaweed Co., Ltd
  • Ingredion Incorporated
  • Zuchem Inc.
  • Akhil Healthcare (P) LTD.
  • Pfizer

Some key developments in this market are:

  • In 2023, Ingredientpharm grants SPI Pharma, Inc. (SPI), a pioneer in the world of supplying specialized products to the pharmaceutical business, exclusive distribution rights for two things-mCELLETS® MCC pellets as well as TAP® tartaric acid pellets. Directly compressible Ibuprofen DC100 distribution rights were also given exclusively to SPI. The exclusive rights to distribute throughout North America, New Zealand, Latin America, and Australia are part of this arrangement. In these areas, SPI intends to offer the MCC pellets as ACTILLETSTM MCC pellets.

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More Valuable Insights Available:

Future Market Insights offers an unbiased analysis of the global mannitol market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the mannitol market, the market is segmented on the basis of mannitol by form (powder, crystal), end use (food, beverages, pharmaceuticals) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Key Segments Profiled:

By Form:

By End-Use:

  • Food
    • Bakery Goods
    • Sweet Spreads
    • Confectionery
    • Dairy Products
    • Canned Food
  • Beverages
    • Carbonated Drinks
    • Fruit Drinks & Juice
    • Powdered Drinks and Mixes
  • Pharmaceuticals
    • Solid Dosage Forms
    • Lyophilized Preparations
    • Medicated Confectionery/ Medicated Chewing Gum

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Table of Content (ToC):

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Form, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Form, 2023 to 2033

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Explore FMI’s related ongoing Coverage in Food and Beverage Domain:

Sweetener Market Size: The sweetener market share value is projected to increase from US$ 108.6 Billion in 2022 to US$ 157.7 Billion by 2032.

Liquid Sugar Market Share: The global liquid sugar market is expected to reach a market valuation of US$ 130.3 Million by the year 2032, accelerating with a CAGR of 7.1% by 2022 to 2032, while it is valued at US$ 65.9 Million in 2022. 

High-Intensity Sweetener Market Trends: The High-Intensity Sweetener market is valued at US$ 2.0 Billion in 2022 and is projected to grow at a CAGR of 6.1% during the forecast period, to reach a value of US$ 3.6 Billion by 2032. 

Low-Calorie Sweeteners Market Value: The global low-calorie sweeteners market is expected to exceed US$ 29 Billion by 2022 and expand at a CAGR of 4.7% during the assessment period (2022 to 2032). 

Intensive Sweeteners Market Sales: According to Future Market Insights research, during the projected forecast period, the Intensive Sweeteners market is expected to grow at a CAGR of 4.0%. 

Dry Sweeteners Market Forecast: Global dry sweeteners market demand is anticipated to be valued at US$ 4,200. Million in 2022, forecast a CAGR of 6.5% to be valued at US$ 7,884 Million from 2022 to 2032.

Nutritive Sweetener Market Analysis: The global Nutritive Sweetener market is expected to reach a market valuation of US 22,430.75 Million by the year 2023, accelerating with a CAGR 4.4% by 2023 to 2033.

Naturally Derived Sweeteners Market Demand: Naturally derived sweeteners market size is estimated to reach a valuation of US$ 9.6 Billion by 2022 and exceed US$ 17 Billion by 2032, growing at a CAGR of 5.9% during the forecast period 2022 to 2032.

Natural Malt Sweeteners Market Analysis: The global sales of natural malt sweeteners are anticipated to rise at a moderate CAGR of around 3.8% to 4.2% during the forecast period between 2022 and 2032.

Polyol Sweeteners Market Overview: The polyol sweeteners market was valued at US$ 2.9 billion in 2017 and is projected to grow at a CAGR of 6.2% from 2017, to reach a projected value of US$ 3.8 Billion by 2022. 

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