Mannitol Market Sales Rising As Consumption within Food & Beverage and Pharmaceutical Industry Surges: Future Market Insights Study

Demand for clean-label and low calorie food sweetener is spurring the growth of mannitol market, especially across Latin America and Asia Pacific. According to the FMI's analysis, countries such as Brazil, India, and China are expected to emerge as highly lucrative market during the forecast period. Demand for clean-label  andlow calorie food sweeteneris spurring the growth of mannitol market, especially acrossLatin AmericaandAsia Pacific. According to the FMI's analysis, countries...

Demand for clean-label and low calorie food sweetener is spurring the growth of mannitol market, especially across Latin America and Asia Pacific. According to the FMI's analysis, countries such as Brazil, India, and China are expected to emerge as highly lucrative market during the forecast period.

As per FMI's study, China is anticipated to register over 51% of sales in East Asia, while India is dominating the South Asia mannitol market with a market share of over 46% during the forecast period.

Increasing health conscious population, especially across the U.S. and the U.K. along with surging consumption of baked and functional foods will increase the consumption of mannitol within these countries over the forecast period.

Extensive usage of mannitol in coating of dried fruits, hard candies, and other confectionary foods will also spur the growth. Besides this, pharmaceutical industry have increased the use of mannitol for coating of chewable pills and other sugar-free and sugar-alternative products.

Consumers attitude towards the healthy lifestyle coupled with rising cases of diabetes among young adults have fuelled the sales of mannitol within the food & beverage and pharmaceutical industry. Increasing cases of obesity across North America and Europe are furthering the adoption of mannitol, spurring the sales.

As per FMI's analysis, the global mannitol market is anticipated to surpass a valuation of US$ 390 Mn by 2021.

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"Surging cases of diabetes and obesity, especially among the younger generation, have increased the consumption of low-calorie and sugar-alternative food products, fostering the sales of mannitol. Hence, manufacturers are introducing new variation in the product launches, catering to specific requirement of consumers, subsequently creating lucrative opportunities during the forecast period," says the FMI analyst.

Key Takeaways from FMI's Mannitol Market Study

Competitive Landscape

Increasing demand from emerging economies such as India, China, and GCC countries for low-calorie food items are providing lucrative opportunities for the market players. Leading players are focusing new product launches in those regions to expand their global reach, in turn creating opportunities for mannitol market.

Along with new product launches and innovations, key players are also forming partnerships and opting for strategic collaborations to increase their customer base and maintain their position in the industry.

In March 2021, Chiesi USA Inc., the U.S. affiliate of Chiesi Farmaceutici, an international research-focused healthcare Group, announced the launch of Food & Drugs Administration (FDA)-approved Bronchitol® (mannitol) inhalation powder, an add-on maintenance therapy to enhance and improve pulmonary function in cystic fibrosis patients 18 years of age and older.

Some of the prominent market players profiled by Future Market Insights operating in mannitol market include:

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More Insights on the Global Mannitol Market

Future Market Insights, in its latest assessment offers an unbiased analysis on the global mannitol market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of:

Form

End-Use

Region

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