Mango Global Market Report 2024

The mango market size has grown strongly in recent years. It will grow from $63.65 billion in 2023 to $67.95 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The expansion observed in the historical period can be attributed to factors such as the rise in disposable income, an increase in the growth rate of exports, consumer preferences towards mango-flavored drinks, the growth of emerging markets, and rising awareness associated with the benefits of plant-based food products.

The mango market size is expected to see strong growth in the next few years. It will grow to $89.55 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The anticipated growth in the forecast period can be attributed to increased awareness about health benefits, the rapid growth in e-commerce, a growing population, and government initiatives. Key trends expected in the forecast period involve investing in new processing technologies to combat fungal infection and reduce physiological degradation, leveraging edible coatings for better shelf life and protection from microbes, adopting new storage technologies to preserve fruit quality and shelf life, and developing and launching new and improved product variants.

The growth of the mango market is being fueled by the rapid expansion of e-commerce. E-commerce, involving the online exchange of money and data for business transactions, provides a platform for the sale of a diverse range of products, including groceries, fruits, vegetables, and farm produce. These products undergo stringent quality control and testing procedures, ensuring high standards in terms of shelf life, grade, packing materials, and organic characteristics. For example, as of September 2022, consumer eCommerce constitutes 30% of the UK's overall retail industry, marking a substantial increase from 20% in 2020 and generating over $120 billion in annual sales. The prevalence of online purchases in the UK, with 82% of people making at least one online purchase in 2021, underscores the substantial role of e-commerce in supporting the growth of the mango market.

A significant trend in the global mango processing market is the introduction of multi-purpose processing machines. Traditionally, processing machines were designed for specific tasks such as pulverizing, mixing, steaming, pressure-cooking, and juice/oil/gel extraction. However, multi-purpose processing machines have emerged as a major innovation capable of performing various operations, including the extraction of juice, pulp, essential oils, and essence from both edible and non-edible fruits. These machines contribute to the production of juices, sauces, puree, ketchup, gel, and other products. ZTi Smart Machines, a Dutch manufacturer of fruit and vegetable processing equipment, exemplifies this trend by utilizing technology and innovation to create machinery that enhances efficiency, sustainability, and cost-effectiveness. Their multi-purpose processing machines can process up to 20 mangoes per minute, showcasing rapid and efficient capabilities.

Government initiatives recognizing the nutritional benefits of mangoes and promoting suitable alternatives in public health schemes contribute to the growth of the mango market. Mangoes, rich in vitamins, minerals, antioxidants, and associated with various health benefits, align with initiatives aimed at improving public health. For instance, the Agricultural and Processed Food Products Export Development Authority (APEDA) in India facilitated the export of fresh mangoes to Japan in a move to boost exports and showcase the nutritional value of mangoes. Such government initiatives, focusing on plant-based food products, play a pivotal role in supporting the growth of the mango market.

A prevailing trend in the mango market is the growing prominence of strategic partnerships among major companies, aiming to fortify their market positions. In March 2022, the India-based agricultural company AgroStar executed the acquisition of Mumbai-based INI Farms, specializing in the export of Fruit and Vegetable (F&V) crops such as bananas, mangoes, grapes, and pomegranates from India. The transaction details were undisclosed, but AgroStar obtained 100% ownership of INI Farms through a combination of cash and shares. This strategic move enables AgroStar to enhance its offerings to quality-conscious consumers globally, leveraging its extensive network of farmers. The acquisition strategically expands AgroStar's presence in the agricultural output sector, allowing it to provide market linkage solutions for both local and export markets. Additionally, AgroStar will extend access to high-quality inputs, technology-based agricultural treatments, and yield-boosting solutions to the diverse network of farmers associated with INI Farms, spanning multiple states. INI Farms, a leading global horticulture company, stands to benefit from this collaborative endeavor.

In May 2022, Sri Lanka-based conglomerate Diesel and Motor Engineering PLC (DIMO) made a significant investment of INR 450 million ($5.47 million) to acquire Tropical Health Food Ltd., a fruit and vegetable export company. Specializing in the processing and preparation of fruits and vegetables for export, Tropical Health Food Ltd. witnessed DIMO acquiring 94.45% of the company from its German owner. DIMO's agriculture business encompasses various facets, including the import, sale, and after-sales services of agri-machinery, as well as the import, processing, and distribution of agrochemicals, seeds, and fertilizer. Furthermore, DIMO engages in the import, production, processing, and sale of agricultural seeds. Founded in 1994, Tropical Health Food Ltd. pursued its mission of processing and exporting organic foods to the European market. The company operated as a Board of Investment of Sri Lanka (BOI) authorized project, boasting 100% foreign investment from Germany.

Major companies operating in the mango market report are Fresh Del Monte, Capricorn Food Products India Ltd., Del Monte Foods, Freshmax Group, ABC Fruits,Parle Agro, Food & Inns Ltd., Agrana Group, Keventer Agro Ltd., DÖHLER, Tradelink International, Energetic Overseas, Aavaith international, Arham Agro Exports, Harshad Mango Products Private Limited, J. J Agro Industry, Weifang Alice Food Co Ltd., Shouguang Vegetable and Food Industry Group Co Ltd., Ruiqiu Foods Co Ltd., Xiamen Friendship Bridge Co Ltd., Jiaozuo Hailian Food Co Ltd., Guangzhou Yihe Gardening Co Ltd., Kokkaen Co Ltd., Vietstore, Lyn Kamino, Larry Group of Companies Inc., Raw exports Ltd., The Old English Trading Company Ltd., Polish Mango, The Hortex company, Fruitland Company, Armata Imports, RGS group, Diazteca, Aseptic Fruit Purees, Sun Tropical Foods LLC, Caquin Trading Inc., Specialty Fruits, Fundo Los Paltos, Frutecer, Agrodan, Bio fruit Export S. A, Globe natural International S. A, ADM do Brazil Ltd., Carabao mangoes, Ngowe Mango, SSMP Industries Ltd., Rancho De Estraero, Unifrutti Group, GG And Z Impe Group Pty Ltd., Allianz1 Globe Groups, Amimujco Nig Ltd., Golden Links Pyramid Ltd.

Asia-Pacific was the largest region in the mango market in 2022. The regions covered in the mango market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the mango market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The main types of mango covered in this report include whole fruit, mango pulp and puree, and processed mango products. The whole fruit market involves the sales of the entire mango fruit, encompassing the flesh, skin, and pulp. Consuming a whole mango provides approximately 202 calories. The products are available in both conventional and organic varieties, and they are packaged in various forms such as bags, pouches, trays, boxes, among others. Distribution channels include both direct and indirect methods, and these mango products are utilized in households, the food and beverages industry, food service providers, and other applications.

The mango market research report is one of a series of new reports that provides mango market statistics, including mango industry global market size, regional shares, competitors with a mango market share, detailed mango market segments, market trends and opportunities, and any further data you may need to thrive in the mango industry. This mango market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The mango market consists of sales of mango products derived from the edible stone fruit produced by the tropical tree Mangifera Indica. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.