Press release
Mango Butter Market Poised for 13.0% CAGR Growth, Projected to Reach $163.4 Million by 2027
Mango Butter Market
๐๐๐๐๐ฌ๐ฌ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ: https://www.alliedmarketresearch.com/request-sample/3031
Market Insights
In 2019, the mango butter market boasted a valuation of $100.4 million, a figure set to soar to $163.4 million by 2027, with a noteworthy Compound Annual Growth Rate (CAGR) of 13.0%. Europe emerged as a frontrunner in 2019, commanding a formidable 38% share of the market. Notably, the mango butter arena presents an incremental revenue opportunity of $63.0 million between 2019 and 2027.
The growth trajectory of the global mango butter market is propelled by multifaceted factors. The surge in demand for plant-based ingredients has spurred manufacturers to integrate mango butter into their products, aligning with the shifting consumer preference towards natural solutions. Moreover, the burgeoning global population and escalating per capita income levels have catalyzed increased mango production, further fueling the mango butter market's ascent. In the cosmetic segment, evolving consumer behavior towards natural and plant-based products augurs well for mango butter's prospects, promising a bright future for this versatile ingredient.
The key players operating in global market include:
โข All Organic Treasure
โข Alzo International Incorporated
โข Avi Natural
โข Manorama Industries Limited
โข Ekologie Forte Pvt. Ltd.
โข HallStar Company
โข Jarchem Industries Inc.
โข Henry Lamotte Oils GmbH
โข Madina Industrial Corp.
โข Natural Sourcing, LLC
Segment Analysis
The market's segmentation into refined and unrefined mango butter types unveils intriguing insights. The unrefined segment experiences a surge in demand, particularly in European markets, underscoring the growing preference for unprocessed, natural ingredients.
Across applications, spanning food, cosmetics, and pharmaceuticals, mango butter demonstrates its versatility and utility. Regionally, the market landscape unfolds across North America, Europe, Asia-Pacific, and LAMEA, each region contributing distinct nuances to the global narrative.
๐๐๐ค๐ ๐ ๐๐ข๐ซ๐๐๐ญ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐: https://www.alliedmarketresearch.com/checkout-final/c6b2d55c8c1eff7291eb06c23c5ebcaf
Key Insights
Europe is poised for a substantial CAGR of 11.2%, while Asia-Pacific emerges as the torchbearer of growth with a staggering 16.1% CAGR. The refined mango butter segment is anticipated to seize the lion's share of 72.3% by 2027, while the pharmaceutical and cosmetics segments showcase promising growth trajectories.
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.
The global mango butter industry is fragmented with the presence of several market participants across various regions. The strong presence private label brands is giving tough competition to global players.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐: https://www.alliedmarketresearch.com/purchase-enquiry/3031
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