The global mango seed oil and butter market is anticipated to grow at a considerable CAGR of 8.9% during the forecast period (2022-2028). The growing sector of processed mango products is one of the major factors contributing to the growth of mango seed oil and butter market. Increase in growth in terms of quantity of processed mango produce under fresh category is also increasing the abundance of mango raw materials i.e., seed. The remains of mango processing industries, the seed, is not being utilized to its full commercial potential and cause serious disposal problem. According to International Society for Horticultural Science, Mango consists of between 60-75% flesh; 14-22% seed and 11-18% peel and due to 25-40% of seed and peel in a fruit, a huge amount of waste is generated during industrial processing. This possesses a great opportunity for commercial utilization for mango kernels in different way. Mango seed kernel could be used as a potential source for functional food ingredients and cosmetic due to its high quality of fat and protein and high levels of natural antioxidants.
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Lockdowns across the globe during COVID-19 pandemic disrupted the supply chain, pricing, competition, and consumer preferences which highly impacted and posed challenges for the Mango Seed Oil and Butter market. COVID-19 changed the consumer buying pattern and have made consumer conservative as a result it impacted the overall cosmetic industry leading to decline in spending for non-essentials products. However, the fast pace recovery of developing economies in coming years will lead to increased disposable income and will support the Mango Seed Oil and Butter market demand
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Mango Seed Oil and Butter Market Report Segment
By Type
- Cold-Pressed Mango Seed Oil and Butter
- Expeller-Pressed Mango Seed Oil and Butter
By Application
- Food
- Pharmaceutical
- Cosmetics & Personal Care
Global MANGO SEED OIL AND Butter Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021and forecast to 2028
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global mango seed oil and butter market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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