Press release
Mango Butter Market Worth US$ 144.3 Million to 2023-2028 | Exclusive Report by IMARC Group
Mango Butter Market Report 2023
Report Highlights
How big is the mango butter market?
The global mango butter market size reached US$ 98.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 144.3 Million by 2028, exhibiting a growth rate (CAGR) of 6.21% during 2023-2028.
What is mango butter?
Mango butter is generally processed from the oil that is extracted from the kernel or seed of the mango. It is an organic butter that is characterized by a creamy texture and a sweet and mild aroma. Widely consumed for improving skin texture, it is a good source of antioxidants, mangiferin, oleic acid, triglycerides, and vitamin C. Apart from this, it is extensively utilized as a key component in rash treatment, sunburn healing, treating eczema and dermatitis, and blemishes and wrinkles.
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What are the growth prospects and trends in the mango butter industry?
The market is majorly driven by considerable growth in the personal care industry across the globe. This can be attributed to the increasing awareness regarding skincare among the masses. Also, the growing usage of cosmetic products among the geriatric population for anti-aging purposes is providing an impetus to the market growth. In addition to this, the rapid utilization of mango butter as a substitute for vegetable oils, such as soybean oil, is creating a positive outlook for the market. Apart from this, the rising trend of incorporating natural ingredients in cosmetic products is further creating lucrative growth opportunities for major market players. Some of the other factors contributing to the market include rapid urbanization, the inflating disposable incomes of the individuals, and extensive research and development (R&D) activities conducted by key players. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 144.3 Million by 2028, exhibiting a CAGR of 6.21% during 2023-2028.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
Refined
Unrefined
Breakup by Format:
Powder
Cream
Breakup by Application:
Cosmetics
Food
Pharmaceutical
Breakup by Region:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
All Organic Treasures GmbH
Alzo International Inc.
AOS Products Pvt. Ltd.
Croda International Plc
Ekologie Forte Pvt.Ltd.
Gustav Heess Oleochemical Products GmbH
Hallstar
Jarchem Industries Inc.
Manorama Industries Limited
Natural Sourcing LLC
Natures Natural India
WALA Heilmittel GmbH (Wala Stiftung).
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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