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The mango butter market size is forecast to increase by USD 32.1 million and is estimated to grow at a CAGR of 4.48% between 2023 and 2028. Mango butter, derived from the seeds of ripe mangoes, has gained significant attention in the cosmetic industry due to its rich composition of essential fatty acids, vitamins A and E, and antioxidants. Consumers increasingly prefer natural ingredients, leading to a surge in demand for mango butter in various cosmetic applications. Its emollient properties make it an excellent ingredient for moisturizing and softening skin, while its anti-inflammatory and antioxidant effects contribute to its use in dermatologic products for healing and reducing the signs of aging. The rise in awareness of its numerous benefits has led to a marked increase in the use of mango butter in skincare and body care products.
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Mango Butter, derived from the seeds of ripe mangoes, is known for its rich nutrients and beneficial properties. This natural ingredient is abundant in triglycerides, antioxidants like Tocopherol and Vitamin C, and essential fatty acids such as oleic acid. These components make mango butter an excellent choice for skincare, particularly for individuals with eczema, psoriasis, fungal infections, dry skin conditions, and aging population. Mango butter's antioxidant properties help protect the skin from free radicals, while its Vitamin A and Vitamin E content promotes collagen production and aids in skin regeneration. Additionally, mango butter is rich in potassium, magnesium, and Vitamins A, C, and E, making it a popular ingredient in various skincare products. Consumer preferences for organic personal care products have led to an increase in demand for mango butter, which is free from inorganic chemicals. The versatile ingredient is used in the production of essential oils, skincare products, and even food items. Mango butter's therapeutic benefits extend to the treatment of acne, chapped lips, frostbite, rashes, and stretch marks. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Consumer demand for natural ingredients of mango butter in cosmetic products is notably driving market growth. The market has experienced significant growth in recent years due to the increasing preference for natural and organic personal care products. Companies like All Organic Treasure and Avi Natural have capitalized on this trend, incorporating mango butter into their product lines.
Moreover, mango butter, derived from the seeds of the mango fruit, is rich in palmitic and stearic acids, making it an effective emollient and skin conditioner. Thus, such factors are driving the growth of the market during the forecast period.
Growing consumer preference for unrefined and organic mango butter is the key trend in the market. Mango Butter, derived from the seeds of the Mangifera indica tree, is a popular natural ingredient in various industries, particularly in the cosmetic sector. Countries such as India, China, Thailand, Indonesia, Mexico, and Pakistan are significant producers of mangoes, which yield this valuable butter.
Moreover, mango seeds are rich in essential fatty acids like palmitic acid and stearic acid, making mango butter an excellent emollient. Two primary methods are used to extract mango butter: refined and unrefined. Unrefined mango butter is extracted through processes like expeller pressing or cold pressing, which involves de-shelling the seeds and placing them in a hydraulic press machine. Thus, such trends will shape the growth of the market during the forecast period.
High cost of mango butter-based cosmetic products is the major challenge that affects the growth of the market. Mango butter, derived from the seeds of ripe mangoes, is a premium ingredient in the cosmetic industry, valued for its rich content of palmitic and stearic acids. High-end mango butter-based cosmetic products are produced using organic and unrefined mango butter, alongside plant-based extracts, essential oils, and other naturally derived elements.
Moreover, these products are marketed as luxury items due to their all-natural composition and absence of artificial ingredients and antibiotics. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
All Organic Treasures GmbH: The company offers mango organic products that are used in creams, lotions and hair care products.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The food segment is estimated to witness significant growth during the forecast period. Mango butter, derived from the kernels or seeds of the mango fruit, holds significant value in both the food and skincare industries. In the food sector, its high triglyceride content and oxidative stability make it an ideal substitute for cocoa butter, with vendors like Zatural providing organic, food-grade options.
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The food segment was the largest segment and valued at USD 88.10 million in 2018. In skincare, mango butter's rich antioxidant profile, including tocopherol and vitamin C, makes it a popular choice for addressing various dermatological conditions such as eczema, psoriasis, and fungal infections. Additionally, it aids in soothing dry skin, chapped lips, frostbite, rashes, stretch marks, sunburn, and more. The essential fatty acids, including oleic acid, and essential minerals like zinc, iron, folate, potassium, magnesium, and vitamins A and E, contribute to its skincare benefits. Hence, such factors are fuelling the growth of this segment during the forecast period.
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North America is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The US and Canada are the key markets for the 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 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. Hence, such factors are driving the market in North America during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
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Mango butter, derived from the seeds of the mango fruit, is a rich source of triglycerides, antioxidants, tocopherol, oleic acid, and Vitamin C. These properties make it an ideal ingredient for various skincare products. Mango butter is known to help protect the skin from free radicals, promote collagen production, and improve the appearance of dermatological conditions such as eczema, psoriasis, fungal infections, and dry skin. The market landscape depends on the Alcohol consumption, Vitamins E, Vietnam, Mango seed, E-commerce, EMIs, Kokum butter, Per capita income. The market for mango butter is driven by the increasing awareness of natural and organic personal care products.
Moreover, consumers prefer organic product variants over those containing inorganic chemicals. The essential oils extracted from the mango kernel also add to its popularity in the skincare industry. Mango butter is used in the production of various skincare products, including lotions, creams, balms, and ointments. It is particularly effective in treating conditions like acne, chapped lips, frostbite, rashes, stretch marks, sunburn, and other skin irritations. The aging population and rising pollution levels are other factors contributing to the growth of the market. The presence of essential minerals like zinc, iron, folate, potassium, magnesium, and vitamins A and E further add to its health benefits. Shea butter and kokum tree butter are some of the alternatives to mango butter in the market. However, the unique properties of mango butter set it apart and make it a preferred choice for many consumers.
Market Scope |
|
Report Coverage |
Details |
Page number |
135 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.48% |
Market growth 2024-2028 |
USD 32.1 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.2 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 44% |
Key countries |
US, UK, China, Canada, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
A.G. Groups, 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., Jarchem Industries Inc., Manorama Industries Ltd., Mountain Rose Herbs, Mystic Moments UK, Natural Sourcing LLC, Suki Suki Naturals (Pty) Ltd., Three Cay G LLC, and The Soap Crafters |
Market dynamics |
Parent market analysis, market report , market forecast , 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. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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