Mango Butter Market by Application and Geography - Forecast and Analysis 2022-2026

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.

What will the Mango Butter Market Size be During the Forecast Period?

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Mango Butter Market: Key Drivers, Trends, and Challenges

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

• The consumer demand for natural ingredients in cosmetic products is one of the factors fueling the mango butter market growth.
• The growing consumer awareness about the side effects of chemical and synthetic stabilizers and softening agents used in personal care products has positively impacted the demand for mango butter in the personal care industry in recent years.
• The demand for clean-labeled products is rising among consumers as it ensures that a product is free from artificial ingredients and chemicals.
• Clean-labeled products ensure that a product is made from as few ingredients as possible and that ingredients are those that consumers recognize and think of as wholesome. Thus, this can lead to the reduced use of synthetic chemicals in personal care and cosmetic products.
• Consumers are now looking to replace synthetic stabilizers and softening agents with natural products such as mango butter in the personal care industry. This, in turn, will fuel the market growth during the forecast period.

Key Mango Butter Market Trend

• Growing consumer preference for unrefined and organic mango butter is one of the key mango butter market trends propelling market growth.
• Unrefined mango butter is known to contain a higher amount of unsaponifiable matter. As a result, it has comparatively stronger regenerative, conditioning, and moisturizing properties.
• Refined mango butter is generally obtained through a solvent extraction process and filtered through a system. As a result of this process, the resultant butter has little to no scent and color, which can also alter the texture of mango butter, its vitamin content, and other natural properties.
• Numerous benefits of unrefined mango over refined mango butter have led to its increased adoption. A recent trend witnessed in the global cosmetics industry is the consumer demand for cosmetic products made from organic and unrefined ingredients.
• Manufacturers of organic cosmetic products provide detailed labeling on their products to indicate they contain a high percentage of ingredients derived from organic farming. This factor will propel the market growth during the forecast period.

Key Mango Butter Market Challenge

• The high cost of mango butter-based cosmetic products is one of the key factors challenging the mango butter market growth.
• High-end mango butter-based cosmetic products are made using organic and unrefined mango butter that does not contain any artificial ingredients or antibiotics. However, due to high costs, these cosmetic products are often marketed as premium and luxury products and are not accessible to middle-income consumers.
• Production costs of mango butter-based cosmetic products are comparatively higher than other cost-effective alternatives, such as cocoa and shea butter, because of the significant labor inputs required to make these products and the lower availability of mango butter.
• Shea butter is considered a cheaper alternative to mango butter. In certain regions, shea butter is available at half the price of mango butter.
• Prices of cocoa butter are volatile due to the supply constraints and declining yields in major cocoa-producing countries, but it is still considered cheaper than mango butter. Thus, cheap substitutes available in the market will challenge the market growth in the coming years.

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.

Parent Market Analysis

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.

Who are the Major Mango Butter Market Vendors?

The report analyzes the market's competitive landscape and 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.
• The Soap Crafters

 

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.

Product Insights and News

• All Organic Treasures GmbH - Through the food segment, the company offers products such as almond protein, rosehip powder, pumpkin protein, and more. 
• All Organic Treasures GmbH - The company offers mango organic products that are used in creams, lotions, and hair care products. 

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.

Mango Butter Market Value Chain Analysis

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.

Which are the Key Regions for Mango Butter Market?

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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.

What are the Revenue-generating Application Segments in the Mango Butter Market?

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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.

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What are the Key Data Covered in this Mango Butter Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive mango butter market growth during the next five years
• Precise estimation of the mango butter market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the mango butter industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of mango butter market vendors

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