Global Mango Seed Oil and Butter Market 2017-2021
About Mango Seed Oil and Butter
Mango kernel fat is the oil or butter obtained during the processing of mango seed. The seed oil is obtained from the kernel or stone of the mango fruit. The oil or butter exists in a semi-solid form and melts when it is applied on the skin. The melting point of the mango oil is in the range of 90F-109F. It has nearly 45% of saturated fat and a high amount of unsaturated fat, making it not suitable for consumption. There are several drivers contributing to the growth of the global mango seed oil and butter market. The major factors that are fueling the growth of the market are the growing awareness about the health benefits of mango fats and their rising use in the cosmetic and beauty industry. However, one of the main challenges is the increasing competition from other specialty oils. The price of mango seed oil and butter is higher when compared with other products such as cocoa butter, jojoba oil, coconut oil, and others.
Technavio’s analysts forecast the global mango seed oil and butter market to grow at a CAGR of 8.22% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global mango seed oil and butter market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Mango Seed Oil and Butter Market 2017-2021
Technavio recognizes the following companies as the key players in the global mango seed oil and butter market: Bramble Berry, Camden-Grey Essential Oils, Dr. Adorable, Essential Depot, From Nature With Love, Inesscents Aromatic Botanicals, Manorama Group, MOUNTAIN ROSE HERBS, and Natures Garden.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing demand for cold-pressed organic mango seed oil. Organic farming is the practice of growing crops in natural ways without using pesticides or any other artificial agent. Organic products are healthier and eco-friendly options than non-organic products. The demand for healthy and hygienic products is growing steadily among consumers. With the rise in health and beauty issues, there has been an increase in demand for safer alternatives in food and cosmetics industries. Though organic oils are more expensive than non-organic oils, the demand for organic oils is increasing steadily owing to their health benefits. Consumers in developed economies are showing a growing interest in purchasing organic oils. The main reason for the high cost associated with organic oils is because the entire process of oil production requires monitoring and close investigation.”
According to the report, one of the major drivers for this market is Treats dandruff and hair problems. Dandruff is a common hair issue. It is caused due to the drying of the scalp, which results in the shedding of flaky skin from the scalp. Mango seed oil is one of the best oil options to treat all hair-related problems. Mango seed oil helps to get rid of dandruff as it offers luster and strength to hair roots. Mango seed oil, along with carrier oil, such as mustard oil, provides the required nourishment to the scalp. Mango seed oil, when applied evenly on the scalp, helps treat hair loss, greying, and alopecia (hair loss from certain sections of the head).
Further, the report states that one of the major factors hindering the growth of this market is Higher price of mango seed oil and butter. One of the major challenges that are hindering the growth of the mango seed oil market is the high prices associated with these healthy products. The overall price of mango seed oil is very high when compared with premium specialty oils. This is because around 2-3 kilograms of mango seed kernels are required to make one liter of oil. Also, the prices of mango seed as an ingredient are higher when compared with other nuts and seeds used to manufacture oil. As the production of mango seed is in small numbers, the overall oil expense is much high for manufacturing mango seed oil, making it not a viable option for consumers.
Bramble Berry, Camden-Grey Essential Oils, Dr. Adorable, Essential Depot, From Nature With Love, Inesscents Aromatic Botanicals, Manorama Group, MOUNTAIN ROSE HERBS, and Natures Garden.
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