Global Mannitol Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Mannitol Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Mannitol is a sugar alcohol that occurs naturally in various fruits and vegetables. It is a white crystalline solid with a sweet taste. Mannitol is commonly used as a sugar substitute in foods and to treat conditions such as kidney disease and certain types of brain swelling. It is also used in the pharmaceutical industry as an excipient, a substance that is mixed with active ingredients to form tablets or capsules.

Market Overview:

The latest research study on the global Mannitol market finds that the global Mannitol market reached a value of USD 389.07 million in 2022. It’s expected that the market will achieve USD 666.24 million by 2028, exhibiting a CAGR of 9.38% during the forecast period.

Impact of Russia and Ukraine War

The ongoing conflict between Russia and Ukraine has major implications on various fronts, including political, economic, social, and humanitarian consequences. Meanwhile, the ongoing conflict between Russia and Ukraine has also had an impact on the mannitol industry. Here are some of the main effects of the war:

Political instability: The conflict has led to political instability in Russia and Ukraine. That has strained diplomatic relations between the two countries, and with other countries embroiled in the conflict. Russia's annexation of Crimea and ongoing fighting in eastern Ukraine have complicated the geopolitical situation.

Economic Disruption: The war has adversely affected the economies of both Russia and Ukraine. The conflict has disrupted trade, investment, and business activity, leading to lower economic growth and higher inflation. The economic challenges have been further exacerbated by Western sanctions against Russia.

Disrupted supply chains: Conflict disrupts supply chains for raw materials used in mannitol production, such as glucose. Russia is one of the world's major grain exporters. Ukraine is a major exporter of wheat and corn. These are the raw materials for glucose production. The conflict has disrupted trade and shipping routes between Russia and Ukraine. This disruption has affected the supply chain of raw materials, including glucose. Also, in response to the conflict, some countries have imposed sanctions or trade restrictions on Russia. These restrictions affect the export of goods from Russia to other countries. At the same time, Russia is also fighting back against these trade restrictions. Prime Minister Mikhail Mishustin signed an order banning the export of white sugar and raw sugar until August 31, and prohibiting the export of wheat, rye, barley, and corn until June 30. to the neighboring Eurasian Economic Union. As a result, manufacturers may face challenges in sourcing raw materials, leading to potential supply shortages or increased costs.

Geopolitical implications: As tensions escalate between Russia and the West, the conflict has wider geopolitical implications. It has strained relations between Russia and the European Union, NATO, and the United States. The conflict has also raised concerns about the balance of power in the region and the potential for further instability.

Demand for low-calorie sugar products may impact the mannitol market

The demand for low-calorie and sugar-free food and beverages is on the rise, driven by growing health consciousness and the prevalence of conditions like diabetes and obesity. Mannitol has a lower caloric value than carbohydrates, which are often used in low-calorie meals. The metabolism of mannitol is also independent of insulin, so it is suitable for diabetic food. The caloric value of mannitol is 1.6 kcal/g. Due to their lower calorie content compared to other sugars, sugar alcohols are widely used in the manufacture of low-calorie products. As the number of diabetic consumers increases, so does the consumption of low-sugar, low-calorie products. Consumption of mannitol on account of growing awareness about the health benefits of low-calorie sugars is expected to drive the demand for mannitol in the coming years.

Region Overview:

In 2022, the share of the Mannitol market in China stood at 47.10%.

Company Overview:

Roquette Expands Global Reach of Plant-Based Excipients Portfolio with Complete Acquisition of Crest Cellulose
September 20, 2022
Roquette, a global leader in plant-based ingredients and a leading provider of pharmaceutical and nutraceutical excipients, today announces its complete acquisition of India-based excipient manufacturer, Crest Cellulose. Following its purchase of a majority share in the company in 2018, this latest move allows Roquette to continue realizing its strong growth ambitions and meet rising global demand for high-quality plant-based excipients. Thanks to this wholly owned subsidiary, Roquette’s international customer base will benefit from its ability to provide pharmacopoeia-compliant, premium quality, fully traceable solutions to help solve the toughest challenges in drug delivery.

Preparing for unprecedented demand

As the largest global provider of generic medicine, India’s pharma industry is poised for a period of seismic growth. At the same time, production of generics in the Asia Pacific region is also increasing. Recognizing these growth opportunities, Roquette’s decision to wholly acquire Crest Cellulose reinforces its presence in India and Asia, as well as its global network of pharmaceutical innovation centers and application development facilities.

Crest Cellulose makes an ideal addition to Roquette Pharma Solutions thanks to its shared commitment to scientific excellence, unquestioned safety and full regulatory compliance. Every excipient produced at the facility – including MICROCEL™ microcrystalline cellulose, LYCATAB® CT partially pregelatinized starch and Roquette Magnesium Stearate – adheres to Roquette’s rigorous quality standards, as well as all major international regulatory requirements.

“At Roquette, we believe true innovation can only be achieved in an environment where ingredient safety is completely assured,” comments Paul Smaltz, Vice President, Roquette Pharma Solutions. “There’s no room for compromise or short cuts when tackling the world’s greatest health challenges. The team at Crest Cellulose share our conviction that quality is king, always striving to optimize processes and redefine what’s possible in drug delivery. As a global leader in health and nutrition, we’re excited to harness our newly expanded capabilities to support our network of customers and partners in India, Asia and the rest of the world.”

Segmentation Overview:

Among different product types, Powder Form segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Pharmaceutical & Medical segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Mannitol market covered in Chapter 3:

ADM
Shijiazhuang Huaxu Pharmaceutical Co. Ltd
Shandong TIANLI Pharmaceutical co., ltd
Roquette Frères Company
SPI Pharma
Ingredion Incorporated
Qingdao Bright Moon Seaweed Group Co.
Cargill Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Mannitol market from 2018 to 2029 is primarily split into:

Powder Form
Granular Form

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Mannitol market from 2018 to 2029 covers:

Food
Pharmaceutical & Medical
Chemical Industries

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)