Mango Butter Market Size, Share, Growth, and Industry Analysis, By Type (Refined Mango Butter and Unrefined Mango Butter), By Application (Cosmetics, Food and Pharmaceutical), and Regional Forecast to 2032

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MANGO BUTTER MARKET OVERVIEW

The Mango Butter Market size was USD 32 Million in 2023 and is projected to reach USD 46.87 Million by 2032, exhibiting a CAGR of 3.4% during the forecast period 2024-2032.

This Indeed partly owes to growing demands among people for natural cosmetic ingredients based on plants. Mango butter is a product which originates from the kernel of a mango fruit, famous for its moisturizing, healing, and anti-inflammatory properties. Hence, it has been applied extensively in various skincare and hair care products. The demand for sustainability and organic personal care products can be said to be putting mango butter in the beauty industry. In addition, food-industry use brings about healthy alternatives for conventional fats in their application of this mass market.

By region, North America and Europe dominate the market in using mango butter owing to increasing interest in natural cosmetics and well-being products. Another region where strong growth is also evident is the Asia-Pacific region, which offers the high availability of mangoes and an increasing industry for manufacturing cosmetics. In this market, it is extremely competitive, and companies are concentrating on innovation of their products and widening their range of organic product offerings to meet customer requirements for environmentally friendly and chemical-free formulations.

GLOBAL CRISES IMPACTING MANGO BUTTER MARKET - COVID-19 IMPACT

"Mango Butter Industry Had a Mixed Effect Due to Natural Products Amid Supply Chain Disruptions during COVID-19 Pandemic"

The Global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing neutral-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Both short and long-term impacts of COVID-19 were spread across the supply chain of raw materials in the Mango Butter Market. It initially brought a two-fold impact: in terms of supply chain disruptions and international trade curbs, the availability of raw materials was getting affected, which for some time slowed down the production cycles. Consumer interest in lockdowns for natural, organic, skincare products and wellness-related issues boosted the demand of mango butter in the cosmetics sector. Online retail channels were instrumental in sustaining sales momentum, helping the market regain its lost momentum as restrictions eased.

LATEST TREND

"Rising Demand for Sustainable and Multifunctional Products Shapes the Market Growth"

A most notable trend is a rising demand within the Mango Butter Market for sustainable and ethically sourced ingredients. Consumers are upping their demand for natural, plant-based products in sync with best eco-friendly practices and forcing manufacturers to be more organically certified and fairly sourced. The additional trend is seen in multi-functional personal care products: mango butter can improve skin as well as hair. Another emerging trend has been Do It Yourself formulations and homemade cosmetics that dictate the raw mango butter as a result of consumer demand for formulation. These trends are going to have an impact on future growth of the market, mainly in a region as highly environmentally conscious as North America and Europe.

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MANGO BUTTER MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into refined mango butter and unrefined mango butter

• Refined Mango Butter: Refined mango butter is processed to remove all the impurities and any notable odor, resulting in a smooth texture and a light color and hence its use for cosmetic applications where one needs a neutral base.

• Unrefined Mango Butter: Unrefined mango butter retains all its natural nutrients, scent, and color and thus remains preferred for consumers and manufacturers targeting more natural, less processed products for skincare and haircare.

BY APPLICATION

Based on application, the global market can be categorized into cosmetics, food and pharmaceutical

• Cosmetics: It is primarily used in cosmetics because of its moisturizing and anti-ageing property. These cosmetic products include lotions, lip balms, creams, and hair conditioners.

• Food: It is used as a healthier fat for bakery and confectionery products. Mango butter is nutritious and creamy to touch, respecting its texture, to make the food more edible.

• Pharmaceutical: The medicinal and anti-inflammatory properties of mango butter are also applied in pharmaceutical preparations, especially in treating eczema and dermatitis topically.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

DRIVING FACTORS

"Growing Demand for Natural and Organic Cosmetics to Boost the Market"

Advances in consumer awareness about the harmful impact of synthetic chemicals present in personal care products boost the market for mango butter. Due to its high content of fatty acids, vitamins, and antioxidants, mango butter has been used as a base in the formulation of natural and organic-based skincare products. Therefore, customers become concerned over the alternative available for glowing and healthy skin that has no opportunity to cause irritation as a side effect from unnatural ingredients. Consequently, this is what propels the Mango Butter Market growth as it is utilized in moisturizers, lip balms, and anti-aging creams. It is in these applications that its importance is most relevant in North America and Europe as these regions are displaying stronger trends toward organic beauty.

"Rising Awareness of Sustainable and Ethical Sourcing to Expand the Market"

The main factors that drive the growth of the Mango Butter Market are the focus on sustainable and ethical sourcing practices. These consumers are buying from those companies that emphasize fair-trade sourcing as well as environmental sustainability. For example, mango butter comes from small-scale farmers found in different regions such as West Africa. With growing demands for greater eco-friendliness-the concern over cosmetics and food products, for instance-companies direct attention to traceability and transparency within their value chains, leading to more demand for sustainable mango butter production.

RESTRAINING FACTOR

"High Cost of Raw Materials ""to Potentially Impede Market Growth"

One of the significant impediments to the Mango Butter Market is its production raw material cost. Mango butter has to extract its raw material-a labor-intensive process-and climatic changes or poor harvests sometimes trigger price fluctuations. This, in turn, can lead to the pricing policy of the company manufacturing such a product, and it will further limit the entry to the market for smaller companies that could not compete with large brands. This, as an after-effect, may discourage consumers from buying mango butter products because the high prices will discourage them in price-sensitive markets, thereby affecting the overall growth of the market for mango butter.

OPPORTUNITY

"Expansion of E-commerce and DIY Beauty Trends To Create Opportunity for the Product in the Market"

A growing e-commerce platform is an excellent opportunity for the Mango Butter Market. With the increasing demand for convenient shopping, online sales platforms expand access to a larger target base, including specialized niches of natural and organic products. Moreover, the growing phenomena of self-beauty treatment and homemade cosmetics have further increased demand for raw mango butter among consumers. As such, the trend can make mango butter a visible versatile product to create a new interested customer group in developing formulas. In the near years, these trends will give market players a good opportunity to expand their portfolios and grow both their point of sale retail platforms and online channels.

CHALLENGE

"Market Competition and Availability of Alternatives Could Be a Potential Challenge for Consumers"

Natural alternative butters and oils such as shea butter, cocoa butter, and coconut oil, that have long been potential competitors, are also a huge threat to the Mango Butter Market. However, these alternatives are extremely accessible and are often considered to have similar or better effects for uses including skin and hair care applications. Moreover, most of these alternatives are even less expensive, hence making it hard for the mango butter's market competitiveness factor. And then, the fact that mango butter requires distinctive products from manufacturers to adequately convey the special benefits that would characterize these particular products further deters this competition. With growing demand for natural ingredients, individual companies in this market are experiencing significant challenges in carving out a niche and selling the case of mango butter to consumers.

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MANGO BUTTER MARKET REGIONAL INSIGHTS

• NORTH AMERICA

North America is experiencing rapid growth in the Mango Butter Market because consumers have a high preference for more natural and organic personal care products. Many brands are launching their products that feature mango butter, focusing much on sustainability and ethical sourcing to appeal to an eco-conscious consumer. Further, the convenience brought about by selling channels such as e-commerce adds to reaching the total market; these positive growth trajectories contribute to further increasing Mango Butter Market shares in this region. The United States Mango Butter Market will be one of the major components of regional growth. Natural ingredients are fast-growing items in the United States, particularly in areas of beauty and personal care. Consumers are also looking for products that provide moisturizing and healing properties, which mango butter supplies. Clean beauty trends and awareness of sustainability are also other factors encouraging the increased usage of mango butter in different applications and driving up the market share of the same.

• EUROPE

Increased focus towards clean beauty and natural formulations are some reasons why the European Mango Butter Market share is going higher. The awareness of the benefits of organic and naturally sourced ingredients among consumers in this region is what's pushing demand for mango butter in cosmetics and skincare products. Thus, regulations about natural cosmetics receiving support from the government make the market environment more favorable, which allows eco-friendly product growth trends to favor the brands. This trend in turn has seen upward trend in share of mango butter in Europe.

• ASIA

The Asian butter market is growing at a tremendous rate due to the spiraling disposable incomes and the growing beauty and personal care market. India and Thailand are major producers of mango butter and, therefore, play a major role in the international market. One more factor that supports raw mango butter is increased demand in the production of DIY beauty products as there are more consumers wishing to start formulating naturally for themselves and require the raw fruit product. This will further push the market share of the region concerning mango butter in the near future because of the growing awareness of using natural ingredients.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through Innovation and Market Expansion"

Mango Butter Market key industry players are highly investing in product innovation, sustainable sourcing, and market expansion for better competitive position. Many companies are working on new formulations, combining mango butter along with other natural ingredients, which can develop multi-functional skincare and hair care products catering to the increasing demand of consumers from natural solutions in beauty. To fulfill consumers' demands and expectations, the key players in the market are focused more on sustainable and ethical sourcing by partnering with local farmers and cooperatives of mango-producing regions, which would ensure fair trade practices with the support of local economies. They are further reaching its full potential by integrating with e-commerce sites as well as other enlarging their distribution channels to appeal to the mainstream to niche audiences of natural and organic markets. The companies create a marketing campaign and education that communicates the versatility of mango butter into applications. By these key strategies, leading players position themselves ahead in the market capture through growing demand in the global market.

LIST OF TOP MANGO BUTTER COMPANIES

• Hallstar BIOCHEMICA (United States)
• Manorama (India)
• Jarchem Industries (United States)
• AOT (Thailand)
• Alzo International Incorporated (United States)
• EKOLOGIE FORTE PVT. (India)
• Avi Natural (India)

KEY INDUSTRY DEVELOPMENT

September 2024: Avi Natural has just introduced its latest new organic and sustainable line of personal care ingredients featuring mango butter. This will further enhance the firm's offer lineup in response to the rising demand for natural and green cosmetics. The project involves sourcing raw materials from sustainable farms to support local agriculture in accordance with growing demand for ethically produced ingredients in the beauty industry.

REPORT COVERAGE

This Report takes a holistic approach to covering the global Mango Butter Market, discussing key trends and drivers for the growth challenges. The analysis breaks down and dissects the market into its type - refined and unrefined - and its areas of application: cosmetics, food, and pharmaceuticals. Regional insights are also shared wherein market progressions have been reported for North America, Europe, and Asia-Pacific, and where the US market has witnessed a high level of demand for natural and organic products. This report also investigates on the key players of this industry-namely Hallstar BIOCHEMICA, Manorama, and Avi Natural-which is driving innovation, sustainability, and growth in the market. It also explains the scope of potential opportunities and challenges in the report, making stakeholders better-equipped with valuable information to navigate their way through the shifting landscape of the Mango Butter Market.