Press release
Global Mango Market: Impressive Growth Forecast Trending, Key Drivers, and Emerging Market Analytics
"The recent years have witnessed an impressive surge in the global mango market, powered by changing consumer preferences, increasing income levels, and the advent of e-commerce.
What Is The Projected Market Size Of The Global Mango Market And Its Growth Rate?
The global mango market has exhibited robust growth, with the following statistical trajectory:
•The market is projected to reach $71.98 billion by 2025, growing from $67.4 billion in 2024, at a compound annual growth rate (CAGR) of 6.8%.
•This upward trend is set to persist, with anticipated growth to $97.82 billion in 2029 at a CAGR of 8.0%.
The driving factors behind these figures include increased disposable income, escalating exports, popular demand for mango-flavored drinks, an expanding base of emerging markets, and a growing appreciation for plant-based food products.
What Is Driving The Growth In The Mango Market?
The surge in the global mango market is fueled prominently by the rapid advent of e-commerce. Online platforms offer a vast range of groceries and farm produce, including fruits such as mangoes, all of which meet high quality control standards concerning shelf-life, packaging, and organic characteristics. Reports from the International Trade Administration in 2023 indicate that by January 2021, nearly 36.3% of the total retail market in the UK was made up by consumer e-commerce, with revenue projected to reach $285.60 billion by 2025. Revenue from e-commerce in the UK is expected to grow at a steady rate of 12.6% annually until 2025. These favorable numbers substantiate the vital contribution of e-commerce to the growth of the mango market.
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Who Are the Key Players Driving Mango Market Growth?
Significant participants in the mango market include:
•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
What Are The Key Trends In The Mango Market?
Distinct trends that capture the future trajectory of the market include:
•Investment in new processing technologies to counter fungal infection and physiological degradation
•Use of edible coatings for improved shelf life and microbial protection
•Adoption of new storage technologies to maintain fruit quality and shelf life
•Development and launch of better product variants
What Are The Segments Of The Global Mango Market?
The mango market report distinctively segments the market categories as follows:
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
Which Region Leads The Mango Market?
In 2024, Asia-Pacific held the position as the largest region for the mango market. The report delivers insights on various geographic locations, covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Mango Market Global Market Report?
- Market Size Analysis: Analyze the Mango Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Mango Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Mango Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Mango Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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