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The mango butter market share is expected to increase to USD 47.83 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.44%.
This mango butter market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers mango butter market segmentation by application (food, cosmetics, and pharmaceutical) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The mango butter market report also offers information on several market vendors, including 3CayG, AG Industries, All Organic Treasures GmbH, Alzo International Inc., AOS Products Pvt. Ltd., Ases Chemical Works, Avi Naturals, Better Shea Butter, Croda International Plc, Ekologie Forte Pvt. Ltd., Escentual Soaps, Etsy Inc., G Baldwin and Co., Inatur, Jarchem Industries Inc., Manorama Industries Ltd., Mountain Rose Herbs, Mystic Moments UK, Natural Sourcing LLC, Suki Suki Naturals (Pty) Ltd., and The Soap Crafters among others.
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The consumer demand for natural ingredients in cosmetic products is notably driving the mango butter market growth, although factors such as the high cost of mango butter-based cosmetic products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the mango butter industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Mango Butter Market Driver
Key Mango Butter Market Trend
Key Mango Butter Market Challenge
This mango butter market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global mango butter market as a part of the global personal products market within the global household and personal products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the mango butter market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the mango butter market encompasses successful business strategies deployed by the key vendors. The mango butter market is fragmented and the vendors are deploying growth strategies such as product line extensions and innovative offerings to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The mango butter market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the mango butter market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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43% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for the mango butter market in North America. Market growth in this region will be slower than the growth of the market in Europe and APAC.
The increase in the online sales of mango butter and the expansion of organized retailing will facilitate the mango butter market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, vendors in the regional mango butter market faced the negative impact of the COVID-19 pandemic on their business operations. However, in H2 2021, the demand for mango butter-based cosmetic and food products rebounded, as retail stores in the region reopened. Moreover, consumers in the region have been taking their health more seriously than before the pandemic. As a result, the demand for chemical-free products made from naturally found food-based ingredients has been on the rise. These factors will drive the growth of the regional market during the forecast period.
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The mango butter market share growth by the food segment will be significant during the forecast period. Mango butter is commonly used in the food industry because of its high oxidative stability. Various vendors in the global mango butter market offer food-grade mango butter to players in the food and beverage industry. For instance, Zatural offers organic, food-grade mango butter. Such factors are anticipated to boost the market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the mango butter market size and actionable market insights on post COVID-19 impact on each segment.
Mango Butter Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.44% |
Market growth 2022-2026 |
$ 47.83 million |
Market structure |
Fragmented |
YoY growth (%) |
4.31 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 43% |
Key consumer countries |
US, Canada, China, UK, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
3CayG, AG Industries, All Organic Treasures GmbH, Alzo International Inc., AOS Products Pvt. Ltd., Ases Chemical Works, Avi Naturals, Better Shea Butter, Croda International Plc, Ekologie Forte Pvt. Ltd., Escentual Soaps, Etsy Inc., G Baldwin and Co., Inatur, Jarchem Industries Inc., Manorama Industries Ltd., Mountain Rose Herbs, Mystic Moments UK, Natural Sourcing LLC, Suki Suki Naturals (Pty) Ltd., and The Soap Crafters |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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