Mango Butter Market: Current Analysis and Forecast (2022-2028)

Mango Butter Market: Current Analysis and Forecast (2022-2028)

Global Mango Butter Market is expected to grow at a significant rate of around 12% during the forecast period. A rise in disposable income, increased application of mango butter in the food & beverage, cosmetics, and pharmaceutical industries, and increased consumer awareness of mango butter's nutritional benefits are some of the prominent factors driving the market for mango butter across the globe. Moreover, the global expansion of many industries, including food and beverage, pharmaceuticals, cosmetics, and personal care, is fueling the growth of the mango butter Market. Also, consumer demand for better texture, appearance, and flavor has paved the way for new levels of creativity across the globe. Mango seed makes mango butter, which can be used in soaps, cosmetics, toiletries, and medications. About 7–15% of the fat in mango kernels is made up of oleic, palmitic, and stearic acids. Additionally, edible mango butter is used to manufacture chocolate and other food products. Asia and the Indian subcontinent generate most of the world's mango butter. Conventional cosmetics and personal care products use more natural and plant-based components, like mango butter, plant-based oils, and essential oils.

Technological advancements have helped manufacturers refine mango butter; hence, the European mango butter market is witnessing considerable development. Additionally, traditional cosmetics and personal care products in the region are increasingly using natural and plant-based components like mango butter, plant-based oils, and essential oils, which is anticipated to accelerate the European mango butter market growth in the ensuing years.

Alzo International Incorporated, All Organic Treasures GMBH (AOT), Manorama Industries Limited, AVI Naturals, Jarchem Industries, Inc., Ekologie Forte Private Limited, Hallstar Company, Madina Industrial Corp, Natural Sourcing, LLC, Henry Lamotte Food GMBH., etc., are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
"Amongst type, refined category to witness higher CAGR during the forecast period”

Based on type, the market is segmented into Refined, Unrefined. The refined segment grabbed the major market share and dominated the market in 2020. Cosmetic formulators prefer refined mango butter, as it is odorless and, therefore, can be used in any formulation. It is frequently used in the skin care industry since it is believed to reduce the visibility of lines and wrinkles and help soften and lighten the skin, making it the perfect treatment for dry, damaged skin. As a result, the numerous advantages of refined mango butter significantly aid in expanding the global market.
"Amongst application, the cosmetics segment to hold a significant share in the market in 2020”

Based on the application, the market is categorized into Food, Cosmetics, Pharmaceuticals. Among these, the cosmetics segment grabbed the major market share and dominated the market in 2020. Mango butter is used in cosmetic formulations as a substitute for shea butter and cocoa butter. It is often used in anti-aging products and can be used in sun care products. Cosmetic formulators usually prefer refined mango butter, as it is odorless and can be used in any formulation. Furthermore, consumers are actively seeking natural and organic cosmetic products. Hence, an increase in the application of mango butter in the cosmetic industry is a major driving force in the global market.
"Europe to hold a significant share in the market”

Europe is anticipated to grow at a substantial CAGR during the forecast period owing to the growing technological advancements that have helped manufacturers refine mango butter. Additionally, traditional cosmetics and personal care products in the region are increasingly using natural and plant-based components like mango butter, plant-based oils, and essential oils, which is anticipated to accelerate the European mango butter market growth in the ensuing years.

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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
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