Press release
Mango Market 2024 - By Industry Analysis, Future Prediction, Business Overview And Forecast To 2033
Mango Market
As per the report, the mango market size has grown strongly in recent years. It will grow from $63.65 billion in 2023 to $67.95 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The mango market size is expected to see strong growth in the next few years. It will grow to $89.55 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%.
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E-Commerce Boom Drives Accelerated Growth In The Mango Market
The rapid growth in e-commerce supports the growth of the mango market. E-commerce is the process of exchange of money and data to transact business through the internet. E-commerce stores offer a wide range of groceries, fruits, vegetables, and farm produce. The produce goes through high standards of quality control and testing in terms of shelf life, grade, packing materials, and organic characteristics. For instance, in September 2022, according to the International Trade Administration, a US-based government agency, consumer eCommerce currently makes up 30% of the UK's overall retail industry, up from 20% in 2020, and generates over $120 billion in yearly sales. In 2021, 82% of people in the UK made at least one online purchase. Thus, the rapid growth in e-commerce supports the growth of the market.
Government-Backed Initiatives Propel Mango Market Growth, Expanding Export Opportunities And Nutritional Recognition
The mango market growth is supported by government initiatives to recognize the nutritional need for suitable alternatives for other food in public health schemes. Mangoes are rich in vitamins, minerals, and antioxidants, and it has been associated with many health benefits, including potential anticancer effects, as well as improved immunity and digestive and eye health. For example, in March 2022, in a major boost to export, the Agricultural and Processed Food Products Export Development Authority (APEDA) (Indian Apex-Export Trade Promotion Active government body) facilitated the season's first consignment of fresh Mangoes exported from Mumbai to Japan. A mango festival is being organized in Tokyo, Japan as a part of Azadi ki Amrit Mahotsav, in collaboration with the Embassy of India, Japan & Invest India, wherein mango exhibition & tasting will be done at various outlets of Lawson supermarkets. APEDA has taken a number of export promotion activities and initiatives, by way of the development of virtual portals for organizing Virtual Trade Fairs, Farmer Connect Portal, e-office, Hortinet Traceability system, Buyer Seller Meets, Reverse Buyer Seller Meets, product-specific campaigns, etc. APEDA has been closely working with the state government to create infrastructure and promotion of exports from the state. Thus, the government initiatives on plant-based food products will support the growth of the mango market.
The mango market covered in this report is segmented -
1) By Type: Whole Fruit, Mango Pulp And Puree, Processed Mango Products
2) By Nature: Conventional, Organic
3) By Packaging Type: Bag, Pouches, Tray, Box, Other Packaging Types
4) By Distribution Channel: Direct, Indirect
5) By End User: Household, Food And Beverages Industry, Food Service Provider, Other End Users
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Major companies operating in the mango market report are Fresh Del Monte, Capricorn Food Products India Ltd, Del Monte Foods, Freshmax Group, ABC Fruits,Parle Agro, Food & Inns Ltd., Agrana Group, Keventer Agro Ltd., DÖHLER, Tradelink International, Energetic Overseas, Aavaith international, Arham Agro Exports, Harshad Mango Products Private Limited, J. J Agro Industry, Weifang Alice Food Co Ltd, Shouguang Vegetable and Food Industry Group Co Ltd, Ruiqiu Foods Co Ltd, Xiamen Friendship Bridge Co Ltd, Jiaozuo Hailian Food Co Ltd, Guangzhou Yihe Gardening Co Ltd, Kokkaen Co Ltd, Vietstore, Lyn Kamino, Larry Group of Companies Inc, Raw exports ltd, The Old English Trading Company Ltd, Polish Mango, The Hortex company, Fruitland Company, Armata Imports, RGS group, Diazteca, Aseptic Fruit Purees, Sun Tropical Foods LLC, Caquin Trading Inc, Specialty Fruits, Fundo Los Paltos, Frutecer, Agrodan, Bio fruit Export S. A, Globe natural International S. A, ADM do Brazil Ltd., Carabao mangoes, Ngowe Mango, SSMP Industries Ltd, Rancho De Estraero, Unifrutti Group, GG And Z Impe Group Pty Ltd, Allianz1 Globe Groups, Amimujco Nig Ltd, Golden Links Pyramid Ltd
Contents of the report:
1. Executive Summary
2. Mango Market Report Structure
3. Mango Market Trends And Strategies
4. Mango Market - Macro Economic Scenario
5. Mango Market Size And Growth
…..
27. Mango Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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