The Global Mango Butter Market size is expected to reach $283.6 million by 2030, rising at a market growth of 11.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,667.5 tonnes, experiencing a growth of 11.4% (2019-2022).
European consumers increasingly seek natural and organic alternatives in their skincare, haircare, and food products. Consequently, the Europe segment captured $46,757.3 thousand in the market in 2022. Also, the UK market consumed 255.47 tonnes of Mango Butter in 2022. The clean beauty movement, characterized by using non-toxic, eco-friendly ingredients, is gaining momentum in Europe. Plant-based diets are becoming increasingly popular in the region due to growing concerns about animal welfare, sustainability, and health.
It presents a sustainable and ethical alternative for consumers searching for cruelty-free alternatives, in line with the increasing demand for plant-based alternatives. For example, according to the National Library of Medicine’s 2021 update, the proportion of vegan Americans rose by 600% between 2014 and 2018. Therefore, the market is expanding significantly due to the growing preference for plant-based and vegan alternatives.
Additionally, unlike physical retail stores with set operating hours, online retail platforms are accessible 24/7, allowing consumers to shop for mango butter products at any time of the day or night. As per the International Trade Administration, global e-commerce sales for B2B businesses have gradually increased over the last decade, with the global B2B e-commerce industry expected to be worth USD$36 trillion by 2026. Hence, rapid shift toward online retail expansion has been a pivotal factor in driving the growth of the market.
However, its production is directly linked to the supply and harvest of mangoes, which are subject to seasonal fluctuations and weather conditions. Any disruptions in mango cultivation, such as adverse weather events, pests, diseases, or crop failures, can lead to fluctuations in the supply and prices. Thus, high price volatility and cost concerns can slow down the growth of the market.
European consumers increasingly seek natural and organic alternatives in their skincare, haircare, and food products. Consequently, the Europe segment captured $46,757.3 thousand in the market in 2022. Also, the UK market consumed 255.47 tonnes of Mango Butter in 2022. The clean beauty movement, characterized by using non-toxic, eco-friendly ingredients, is gaining momentum in Europe. Plant-based diets are becoming increasingly popular in the region due to growing concerns about animal welfare, sustainability, and health.
It presents a sustainable and ethical alternative for consumers searching for cruelty-free alternatives, in line with the increasing demand for plant-based alternatives. For example, according to the National Library of Medicine’s 2021 update, the proportion of vegan Americans rose by 600% between 2014 and 2018. Therefore, the market is expanding significantly due to the growing preference for plant-based and vegan alternatives.
Additionally, unlike physical retail stores with set operating hours, online retail platforms are accessible 24/7, allowing consumers to shop for mango butter products at any time of the day or night. As per the International Trade Administration, global e-commerce sales for B2B businesses have gradually increased over the last decade, with the global B2B e-commerce industry expected to be worth USD$36 trillion by 2026. Hence, rapid shift toward online retail expansion has been a pivotal factor in driving the growth of the market.
However, its production is directly linked to the supply and harvest of mangoes, which are subject to seasonal fluctuations and weather conditions. Any disruptions in mango cultivation, such as adverse weather events, pests, diseases, or crop failures, can lead to fluctuations in the supply and prices. Thus, high price volatility and cost concerns can slow down the growth of the market.
By Application Analysis
Based on application, the market is classified into cosmetics, food, and pharmaceutical. The pharmaceutical segment acquired a 17.81% revenue share in the market in 2022. In terms of volume, pharmaceutical segment would register 1,952.4 tonnes by 2030. It is known for improving skin elasticity and promoting collagen production, making it beneficial for scar and stretch mark treatment.By Type Analysis
By type, the market is categorized into refined and unrefined. In 2022, the refined segment held the 70.92% revenue share in the market. In terms of volume, refined segment would consume 6,341.9 tonnes by 2030. Refined mango butter is preferred for cosmetics and skincare formulations due to its superior quality and consistency.By Regional Analysis
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region acquired a 24.41% revenue share in the market. In terms of volume, pharmaceutical segment make use of 938.0 tonnes in 2022. Asia Pacific consumers increasingly seek natural and organic alternatives in their food, cosmetics, and personal care products.List of Key Companies Profiled
- Hallstar Innovations Corp.
- Jarchem Innovative Industries LLC (Vertellus Holdings LLC)
- Avi Naturals
- Natural Sourcing Company
- Ekologie Forte Pvt. Ltd.
- All Organic Treasures GmbH
- Manorama Industries Limited
- Alzo International Inc.
- Henry Lamotte Food GmbH
- Madina Industrial Corp.
Market Report Segmentation
By Application (Volume, Tonnes, USD Million, 2019-2030)- Cosmetics
- Food
- Pharmaceutical
- Refined
- Unrefined
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Global Mango Butter Market by Application
Chapter 5. Global Mango Butter Market by Type
Chapter 6. Global Mango Butter Market by Region
Chapter 7. Company Profiles
Companies Mentioned
- Hallstar Innovations Corp.
- Jarchem Innovative Industries LLC (Vertellus Holdings LLC)
- Avi Naturals
- Natural Sourcing Company
- Ekologie Forte Pvt. Ltd.
- All Organic Treasures GmbH
- Manorama Industries Limited
- Alzo International Inc.
- Henry Lamotte Food GmbH
- Madina Industrial Corp.
Methodology
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