According to a new report by Expert Market Research titled, ‘Global Mannitol Market Report and Forecast 2020-2025′, the market for mannitol, reached a value of USD 382 million in 2019. The mannitol market is further expected to grow in the forecast period of 2020-2025, growing at a CAGR of 4.6% between 2020-2025. The market is projected to reach USD 497 million in 2025.
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SPI Pharma (NASDAQ: SPI) and Pfanstiehl, Inc., part of the Organic Specialties Group of Ferro Corporation (NYSE:FOE) are the key players in the global mannitol market. Cargill and Roquette are the major companies in the global mannitol market. Cargill in September 2019 invested USD 5 million in Mouscron, Belgium to help achieve the production of chocolate with lower sugar levels. This investment will allow consumers the ability to choose from a range of sugar replacers. The company has also created a recipe capability using sugar-reduced chocolate with the optimized blend of sugar replacers, while still maintaining other elements like taste and texture. It also includes the mandatory dosing systems to let Cargill reduce sugar levels steadily, or up to 30% or higher.
Roquette, a major company in mannitol market, in June 2019 extends its reach to include consumers of gluten free products with new mannitol grade by launching Pearlitol SW-F. Pearlitol SW-F is made of wheat-free sugar-free and non-GMO composition having similar properties to the firm’s already existing range of Pearlitol SD mannitol grades.
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Market Breakup by Forms:
- Powder
- Granular
Market Breakup by Applications:
- Food Industry
- Industrial
- Surfactants
- Pharmaceuticals
- Personal Care
- Others
Market Breakup by Regions:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Competitive Landscape & Supplier Analysis:
- Cargill, Incorporated
- Roquette Frères
- SPI Pharma
- Pfanstiehl, Inc.
- Others
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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