Mannitol Market 2016 Share, Trends and Forecast up to 2024
Mannitol is known as mannite or manna sugar, which is white, odorless and sweet tasting powder. Mannitol is non-cariogenic i.e. preventing development of tooth decay and has a low calorie content. Mannitol is also known as polyol (sugar alcohol) that is derived from a sugar known as mannose by reduction and is a naturally occurring alcohol found in fruits and vegetables. Mannitol is less absorbed by the body, hence it does not increase the insulin level of the body as compared to sugar. Mannitol is mostly used in the food and pharmaceuticals industries because of its unique functional properties. Mannitol is used for diuresis in the treatment and reduction of urine production due to the kidney failure. It is also used in to increase the elimination of toxins from the body and to reduce the intracranial pressure (pressure inside the skull) and also pressure in the eye. Mannitol is an isomer of sorbitol having same chemical formula and molecular weight and is produced by treating with hydrogen of specialty glucose syrups.
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Global Mannitol: Market Segmentation
The global mannitol market is segmented on the basis of form type, application and region. The mannitol market is segmented on the basis of form type mainly into powder and granular form. Mannitol is used in various applications like food, pharmaceutical, medical, and chemical industries. Due to its very low solubility and hygroscopicity and its positive impact on the machinability and texture of final products, mannitol (European safety number E 421, International number INS 421) is perfectly suited for: – chewing gum (mass, dusting, coating in combination with xylitol) – chewy sweets (crystalline phase) Mannitol being not cariogenic, it can also be used in safe for teeth products.
Mannitol is widely used in pharmaceuticals as excipients in tablet formulation and also helps in treating diseases related to kidney and brain. It is also used for renal protection in cardiac, vascular and also in renal transplantation surgery. Hence, the use of mannitol in pharmaceuticals segment is expected to increase the revenue of the mannitol market in the next few years.
Global Mannitol Market: Regional Outlook
Geographically, the global mannitol industry can be divided by major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa.
Asia/ Pacific developed as the most dominant market in 2015. Thus, changing lifestyle with the rise in diseases related to sugar consumption in India, China and Japan has strengthened the growth of the mannitol market and hence is anticipated to expand the growth of Asian mannitol market over the forecast period.
Global Mannitol Market: Growth Drivers
The mannitol market driving factors are the increasing demand for mannitol in bakery and confectionery such as chewing gums, candies and lozenges. Increasing demand for low calorie sugars due to growing health awareness is anticipated to drive the mannitol market over the forecast period. The demand for mannitol is also increasing due to the use of mannitol powder as an alternative sweetener for the diabetic people. Due to the unique properties of mannitol such as cooling sensation in the mouth, good water solubility, and low sensitivity towards humidity, the mannitol is mostly used in the food and pharmaceutical industries and is anticipated to increase the mannitol market over the forecast period.
Global Mannitol Market: Players
Some of the key players identified across the value chain of the global Mannitol market include Roquette Frères Company, Cargill, SPI Pharma, Qingdao Bright Moon Seaweed Group Co., Ltd., Singsino Group Ltd.,
Hebei Huaxu Pharmaceutical Co. Ltd, Merck Millipore Corporation, Moga International Ltd, Rongde Seaweed Co.,Ltd, and Qingdao Yuanrun Chemical Co. Ltd. The companies are anticipated to expand their business by enhancing their product portfolio in mannitol. The companies are expected to frame certain strategies in future in order to gain the competitive advantage in global mannitol market till 2026.