The Global Mango Butter Market size is expected to reach $283.6 million by 2030, rising at a market growth of 11.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,667.5 tonnes, experiencing a growth of 11.4% (2019-2022).
European consumers increasingly seek natural and organic alternatives in their skincare, haircare, and food products. Consequently, the Europe segment captured $46,757.3 thousand in the market in 2022. Also, the UK market consumed 255.47 tonnes of Mango Butter in 2022. The clean beauty movement, characterized by using non-toxic, eco-friendly ingredients, is gaining momentum in Europe. Plant-based diets are becoming increasingly popular in the region due to growing concerns about animal welfare, sustainability, and health.
It presents a sustainable and ethical alternative for consumers searching for cruelty-free alternatives, in line with the increasing demand for plant-based alternatives. For example, according to the National Library of Medicine's 2021 update, the proportion of vegan Americans rose by 600% between 2014 and 2018. Therefore, the market is expanding significantly due to the growing preference for plant-based and vegan alternatives.
Additionally, unlike physical retail stores with set operating hours, online retail platforms are accessible 24/7, allowing consumers to shop for mango butter products at any time of the day or night. As per the International Trade Administration, global e-commerce sales for B2B businesses have gradually increased over the last decade, with the global B2B e-commerce industry expected to be worth USD$36 trillion by 2026. Hence, rapid shift toward online retail expansion has been a pivotal factor in driving the growth of the market.
However, its production is directly linked to the supply and harvest of mangoes, which are subject to seasonal fluctuations and weather conditions. Any disruptions in mango cultivation, such as adverse weather events, pests, diseases, or crop failures, can lead to fluctuations in the supply and prices. Thus, high price volatility and cost concerns can slow down the growth of the market.
By Application Analysis
Based on application, the market is classified into cosmetics, food, and pharmaceutical. The pharmaceutical segment acquired a 17.81% revenue share in the market in 2022. In terms of volume, pharmaceutical segment would register 1,952.4 tonnes by 2030. It is known for improving skin elasticity and promoting collagen production, making it beneficial for scar and stretch mark treatment.
By Type Analysis
By type, the market is categorized into refined and unrefined. In 2022, the refined segment held the 70.92% revenue share in the market. In terms of volume, refined segment would consume 6,341.9 tonnes by 2030. Refined mango butter is preferred for cosmetics and skincare formulations due to its superior quality and consistency.
By Regional Analysis
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region acquired a 24.41% revenue share in the market. In terms of volume, pharmaceutical segment make use of 938.0 tonnes in 2022. Asia Pacific consumers increasingly seek natural and organic alternatives in their food, cosmetics, and personal care products.
List of Key Companies Profiled
- Hallstar Innovations Corp.
- Jarchem Innovative Industries LLC (Vertellus Holdings LLC)
- Avi Naturals
- Natural Sourcing Company
- Ekologie Forte Pvt. Ltd.
- All Organic Treasures GmbH
- Manorama Industries Limited
- Alzo International Inc.
- Henry Lamotte Food GmbH
- Madina Industrial Corp.
Global Mango Butter Market Report Segmentation
By Application (Volume, Tonnes, USD Million, 2019-2030)
- Cosmetics
- Food
- Pharmaceutical
By Type (Volume, Tonnes, USD Million, 2019-2030)
By Geography (Volume, Tonnes, USD Million, 2019-2030)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Mango Butter Market, by Application
- 1.4.2Global Mango Butter Market, by Type
- 1.4.3Global Mango Butter Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter's Five Forces Analysis
Chapter 4.Global Mango Butter Market by Application
- 4.1Global Cosmetics Market by Region
- 4.2Global Food Market by Region
- 4.3Global Pharmaceutical Market by Region
Chapter 5.Global Mango Butter Market by Type
- 5.1Global Refined Market by Region
- 5.2Global Unrefined Market by Region
Chapter 6.Global Mango Butter Market by Region
- 6.1North America Mango Butter Market
- 6.1.1North America Mango Butter Market by Application
- 6.1.1.1North America Cosmetics Market by Country
- 6.1.1.2North America Food Market by Country
- 6.1.1.3North America Pharmaceutical Market by Country
- 6.1.2North America Mango Butter Market by Type
- 6.1.2.1North America Refined Market by Country
- 6.1.2.2North America Unrefined Market by Country
- 6.1.3North America Mango Butter Market by Country
- 6.1.3.1US Mango Butter Market
- 6.1.3.1.1US Mango Butter Market by Application
- 6.1.3.1.2US Mango Butter Market by Type
- 6.1.3.2Canada Mango Butter Market
- 6.1.3.2.1Canada Mango Butter Market by Application
- 6.1.3.2.2Canada Mango Butter Market by Type
- 6.1.3.3Mexico Mango Butter Market
- 6.1.3.3.1Mexico Mango Butter Market by Application
- 6.1.3.3.2Mexico Mango Butter Market by Type
- 6.1.3.4Rest of North America Mango Butter Market
- 6.1.3.4.1Rest of North America Mango Butter Market by Application
- 6.1.3.4.2Rest of North America Mango Butter Market by Type
- 6.2Europe Mango Butter Market
- 6.2.1Europe Mango Butter Market by Application
- 6.2.1.1Europe Cosmetics Market by Country
- 6.2.1.2Europe Food Market by Country
- 6.2.1.3Europe Pharmaceutical Market by Country
- 6.2.2Europe Mango Butter Market by Type
- 6.2.2.1Europe Refined Market by Country
- 6.2.2.2Europe Unrefined Market by Country
- 6.2.3Europe Mango Butter Market by Country
- 6.2.3.1Germany Mango Butter Market
- 6.2.3.1.1Germany Mango Butter Market by Application
- 6.2.3.1.2Germany Mango Butter Market by Type
- 6.2.3.2UK Mango Butter Market
- 6.2.3.2.1UK Mango Butter Market by Application
- 6.2.3.2.2UK Mango Butter Market by Type
- 6.2.3.3France Mango Butter Market
- 6.2.3.3.1France Mango Butter Market by Application
- 6.2.3.3.2France Mango Butter Market by Type
- 6.2.3.4Russia Mango Butter Market
- 6.2.3.4.1Russia Mango Butter Market by Application
- 6.2.3.4.2Russia Mango Butter Market by Type
- 6.2.3.5Spain Mango Butter Market
- 6.2.3.5.1Spain Mango Butter Market by Application
- 6.2.3.5.2Spain Mango Butter Market by Type
- 6.2.3.6Italy Mango Butter Market
- 6.2.3.6.1Italy Mango Butter Market by Application
- 6.2.3.6.2Italy Mango Butter Market by Type
- 6.2.3.7Rest of Europe Mango Butter Market
- 6.2.3.7.1Rest of Europe Mango Butter Market by Application
- 6.2.3.7.2Rest of Europe Mango Butter Market by Type
- 6.3Asia Pacific Mango Butter Market
- 6.3.1Asia Pacific Mango Butter Market by Application
- 6.3.1.1Asia Pacific Cosmetics Market by Country
- 6.3.1.2Asia Pacific Food Market by Country
- 6.3.1.3Asia Pacific Pharmaceutical Market by Country
- 6.3.2Asia Pacific Mango Butter Market by Type
- 6.3.2.1Asia Pacific Refined Market by Country
- 6.3.2.2Asia Pacific Unrefined Market by Country
- 6.3.3Asia Pacific Mango Butter Market by Country
- 6.3.3.1China Mango Butter Market
- 6.3.3.1.1China Mango Butter Market by Application
- 6.3.3.1.2China Mango Butter Market by Type
- 6.3.3.2Japan Mango Butter Market
- 6.3.3.2.1Japan Mango Butter Market by Application
- 6.3.3.2.2Japan Mango Butter Market by Type
- 6.3.3.3India Mango Butter Market
- 6.3.3.3.1India Mango Butter Market by Application
- 6.3.3.3.2India Mango Butter Market by Type
- 6.3.3.4South Korea Mango Butter Market
- 6.3.3.4.1South Korea Mango Butter Market by Application
- 6.3.3.4.2South Korea Mango Butter Market by Type
- 6.3.3.5Singapore Mango Butter Market
- 6.3.3.5.1Singapore Mango Butter Market by Application
- 6.3.3.5.2Singapore Mango Butter Market by Type
- 6.3.3.6Malaysia Mango Butter Market
- 6.3.3.6.1Malaysia Mango Butter Market by Application
- 6.3.3.6.2Malaysia Mango Butter Market by Type
- 6.3.3.7Rest of Asia Pacific Mango Butter Market
- 6.3.3.7.1Rest of Asia Pacific Mango Butter Market by Application
- 6.3.3.7.2Rest of Asia Pacific Mango Butter Market by Type
- 6.4LAMEA Mango Butter Market
- 6.4.1LAMEA Mango Butter Market by Application
- 6.4.1.1LAMEA Cosmetics Market by Country
- 6.4.1.2LAMEA Food Market by Country
- 6.4.1.3LAMEA Pharmaceutical Market by Country
- 6.4.2LAMEA Mango Butter Market by Type
- 6.4.2.1LAMEA Refined Market by Country
- 6.4.2.2LAMEA Unrefined Market by Country
- 6.4.3LAMEA Mango Butter Market by Country
- 6.4.3.1Brazil Mango Butter Market
- 6.4.3.1.1Brazil Mango Butter Market by Application
- 6.4.3.1.2Brazil Mango Butter Market by Type
- 6.4.3.2Argentina Mango Butter Market
- 6.4.3.2.1Argentina Mango Butter Market by Application
- 6.4.3.2.2Argentina Mango Butter Market by Type
- 6.4.3.3UAE Mango Butter Market
- 6.4.3.3.1UAE Mango Butter Market by Application
- 6.4.3.3.2UAE Mango Butter Market by Type
- 6.4.3.4Saudi Arabia Mango Butter Market
- 6.4.3.4.1Saudi Arabia Mango Butter Market by Application
- 6.4.3.4.2Saudi Arabia Mango Butter Market by Type
- 6.4.3.5South Africa Mango Butter Market
- 6.4.3.5.1South Africa Mango Butter Market by Application
- 6.4.3.5.2South Africa Mango Butter Market by Type
- 6.4.3.6Nigeria Mango Butter Market
- 6.4.3.6.1Nigeria Mango Butter Market by Application
- 6.4.3.6.2Nigeria Mango Butter Market by Type
- 6.4.3.7Rest of LAMEA Mango Butter Market
- 6.4.3.7.1Rest of LAMEA Mango Butter Market by Application
- 6.4.3.7.2Rest of LAMEA Mango Butter Market by Type
Chapter 7.Company Profiles
- 7.1Hallstar Innovations Corp.
- 7.2Jarchem Innovative Industries LLC (Vertellus Holdings LLC)
- 7.3Avi Naturals
- 7.3.1Company Overview
- 7.3.2SWOT Analysis
- 7.4Natural Sourcing Company
- 7.5Ekologie Forte Pvt. Ltd.
- 7.6All Organic Treasures GmbH
- 7.6.1Company Overview
- 7.6.2SWOT Analysis
- 7.7Manorama Industries Limited
- 7.7.1Company Overview
- 7.7.2Financial Analysis
- 7.8Alzo International Inc.
- 7.9Henry Lamotte Food GmbH
- 7.9.1Company Overview
- 7.9.2SWOT Analysis
- 7.10.Madina Industrial Corp.
Chapter 8.Winning Imperatives of Mango Butter Market