July 20, 2020
According to the research report titled ‘Global D-Mannose Market Size study with COVID-19 impact, by Type (Food Grade, Pharmaceutical Grade), by Application (Food Additives, Anti-inflammatory, Dietary Supplement, Others) and Regional Forecasts 2020-2026’, available with Market Study Report LLC, global D-mannose market generated revenues worth USD 767 million in the year 2019 and is predicted to expand with a CAGR of 4.3% during 2020-2026.
Notably, D-mannose is a sugar from glucose family and is found in various fruits & vegetables including green beans, broccoli, oranges, apples and cranberries. It is extensively used for preventing urinary tract infection. The product also helps in treating deficiency which is caused by a genetic defect that leads to abnormal breakdown and production of mannose.
Increased pervasiveness of urinary tract infection along with rising adoption of dietary supplements and food additives are prime factors fueling the growth of global D-mannose market. As per the survey conducted by Council for Responsible Nutrition on dietary supplements, 76% Americans consumed dietary supplements in 2017 which was a 64% increase from 2008. Similarly, Global Forum on Incontinence stated that Asia-Pacific recorded the highest occurrence of urinary incontinence across the globe in 2018. The number of females identified as having urinary incontinence was estimated as 256 million in Asia-Pacific, followed by Europe and North America with 57 million and 37 million respectively.
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Growing demand for non-genetically modified and natural products is also aiding the market expansion. However, strict lockdowns imposed by various governments in order to curb the spread of COVID-19 has resulted in reduced production and disrupted supply chain, which in turn is negatively impacting overall D-mannose market growth. Additionally, high production cost may also hamper the sales of the product.
Considering the geographical landscape, North America accounts for a significant market share currently and is expected to register substantial growth in the forthcoming years, primarily driven by high occurrence of UTIs and rising consumption of dietary supplements.
On the other hand, Asia-Pacific D-mannose market is slated to record momentous growth throughout the study period. Increasing health & fitness awareness in tandem with rising number of local companies are fueling the market growth in APAC.
The prominent companies operating in global D-mannose market are Ferro Pfanstiehl Laboratories Inc., Amresco LLC, Zhangjiagang Specom Biochemical Co. Ltd., Hubei Widely Chemical Technology Co. Ltd., Huachang, Hebei Huaxu Pharmaceutical Co. Ltd., Sweet Cures, Douglas Laboratories, Naturesupplies, and Danisco A/S (Dupont) among others.