Mango Butter Market CAGR of 13.0 % | Europe Region to grow at a CAGR of 11.2 % |All Organic Treasure, Alzo International Incorporated, Avi Natural, Manorama Industries Limited, Ekologie Forte Pvt. Ltd

In a recent report titled "Mango Butter Market by Type and Application: Opportunity Analysis and Industry Forecast, 2021-2027," published by Allied Market Research, it was revealed that the market for mango butter was worth $100.4 million in 2019.

The report projects that this market is expected to reach $163.4 million by 2027, with a compound annual growth rate (CAGR) of 13.0% from 2021 to 2027. In 2019, Europe held the dominant position in the market, accounting for approximately 38% of the total market share. The report also highlights that there is an incremental revenue opportunity of $63.0 million in the mango butter market from 2019 to 2027.

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Global Key Players:-0

All Organic Treasure, Alzo International Incorporated, Avi Natural, Manorama Industries Limited, Ekologie Forte Pvt. Ltd., HallStar Company, Jarchem Industries Inc., Henry Lamotte Oils GmbH, Madina Industrial Corp., and Natural Sourcing, LLC.

Mango butter is a natural fat extracted from the seeds of the mango fruit (Mangifera indica). It is sometimes referred to as mango kernel fat or mango oil. Here are some key points about mango butter:

Extraction: Mango butter is obtained by cold-pressing the kernels or seeds of the mango fruit. The kernels are first removed from the mango pit, and then they are processed to extract the fat.

Composition: Mango butter is primarily composed of triglycerides, which are a type of fatty acid. It contains a high proportion of saturated and monounsaturated fatty acids. The exact composition can vary depending on the processing method and the source of the mango kernels

The global mango butter market is currently in its growth stage; however, it is likely to hold substantial scope for growth in the near future. This is attributed to increase in demand for plant-based ingredients, which has enforced manufacturers to produce products with mango butter as their major ingredient. Increase in global population and rise in per capita income boost the market growth, thus increasing production of mangoes and relatively mango butter. Change in consumer behavior in the cosmetic segment and preference of consumers for natural & plant-based products expected to positively impact the sale of mango

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butter in the coming years. Numerous new players are entering the market, and strong presence of market players is expected to increase the market competition in years to come.
Growth in population in developing countries, such as China and India, has increased demand for natural and organic cosmetics. In addition, upsurge in per capita income has increased the demand for mango

butter, which is further likely to boost the production of natural cosmetics. In emerging countries, per capita income is higher as compared to developed countries, hence, adoption of skin care creams, lip balms, and hair care products made with mango butter is eventually higher.

The global market is segmented into type, application, and region. By type, the market is categorized into refined and unrefined. The growth of unrefined segment is attributed to increase in demand for unrefined mango butter in the European countries.

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The applications covered in the study include food, cosmetics, and pharmaceuticals. Region-wise, the mango butter market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Italy, Spain Germany, Russia, and rest of Europe), Asia-Pacific (China, India, Australia, Japan, South Korea, ASEAN, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Countries such as China, India, Indonesia, Pakistan, and ASEAN countries are largest spenders on mango butters. In addition, factors such as product availability, socio-economic status, per capita expenditure, and consumer purchasing power are responsible for the growth of the market in these countries.

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Key Findings Of The Study

Europe is expected to grow at a CAGR of 11.2 % during the global mango butter market forecast period.

Asia-Pacific is anticipated to dominate the mango butter market growth, registering a CAGR of 16.1 %

The refined mango butter segment is projected to garner the highest mango butter market share of 72.3% by 2027.

The pharmaceutical segment is anticipated to lead the global market, with a CAGR of 14.6 % during the forecast period.

The cosmetics segment is estimated to grow at a CAGR of 12.0% during the forecast period.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.