Mango Butter Market to Grow with a CAGR of 6.55% through 2029

Global Mango Butter Market is propelled by rising demand for natural skincare solutions, its versatile utilization in cosmetics, and its expanding applications in the food industry.

According to TechSci Research report, “Mango Butter Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the Global Mango Butter Market stood at USD 99.9 million in 2023 and is anticipated to grow with a CAGR of 6.55% in the forecast period through 2029. Mango butter is a semi-solid, highly emollient fat derived from the seeds of the mango fruit, known for its moisturizing properties and increasing usage in cosmetics, pharmaceuticals, and food industries. The global mango butter market has experienced substantial growth, primarily driven by rising consumer awareness about natural and organic products, the expanding beauty and personal care sector, and the health benefits associated with mango butter. With an increasing shift towards natural and chemical-free alternatives, consumers are gravitating towards plant-based ingredients like mango butter. It is used extensively in skincare and haircare products due to its moisturizing and healing properties. The cosmetic industry, in particular, has incorporated mango butter into a wide range of products such as lotions, creams, soaps, and hair treatments. This trend is further fueled by consumers seeking sustainable and eco-friendly ingredients. Mango butter is rich in fatty acids and antioxidants, making it beneficial for skin health. Its use in treating skin conditions like eczema and psoriasis has been widely recognized. The butter’s ability to hydrate and soothe skin and scalp promotes its application in both medicinal and cosmetic formulations, driving its demand.

In the food sector, mango butter is gaining popularity as a healthier alternative to traditional fats and oils. It is used in baked goods, chocolates, and confectionery items. The demand for healthier food options and the growing trend of clean-label products are encouraging the adoption of natural ingredients like mango butter. With the personal care industry projected to grow at a rapid pace, especially in emerging economies, the demand for key natural ingredients like mango butter is rising. Major players in the beauty and cosmetics sector are focusing on product innovations that include natural ingredients, spurring the growth of the mango butter market. Mango butter production is dependent on mango seed kernels, which can be subject to seasonal variations and supply chain disruptions. Inconsistent availability and the high cost of raw materials pose challenges to market players. Mango butter faces stiff competition from other natural butters like shea butter and cocoa butter, which are widely used in cosmetics and skincare products. Shea butter, in particular, is highly favored due to its established market presence and perceived benefits. While mango butter is gaining popularity, there is still a lack of awareness regarding its benefits in several regions, especially in rural and underdeveloped areas. Educating consumers and marketing its advantages remain a challenge for manufacturers and distributors.

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The global mango butter market is segmented into type, application, distribution channel, and region. 

Based on distribution channel, The online distribution segment of the global mango butter market is witnessing a significant surge, primarily driven by the increased consumer preference for natural and plant-based personal care products.. This growth is fueled by the convenience and widespread reach of online retail platforms, which have become increasingly popular in remote areas, especially in regions where physical retail presence is limited. The Asia-Pacific region, a major producer of mango butter, is experiencing a boom in demand due to the rising awareness of the benefits of naturally derived cosmetics. Consumers are shifting towards sustainable raw materials, leading to manufacturers substituting synthetic chemicals with natural ingredients like mango butter. The online segment's growth is further supported by the development of e-commerce infrastructure and digital payment systems, making it easier for consumers to access these niche markets. The trend towards organic personal care products, coupled with the unique properties of mango butter, such as its moisturizing qualities and UV protection, is expected to continue driving the market's expansion in the coming years.

Based on region, The Asia Pacific region has emerged as the fastest-growing segment in the global mango butter market, driven by various factors such as the growing beauty and personal care industry, increasing consumer awareness about the benefits of natural products, and the abundance of raw materials in the region. The beauty and personal care sector in Asia Pacific is experiencing rapid expansion, particularly in countries like China, India, Japan, and South Korea. Consumers in these countries are increasingly turning to natural and organic products for their skincare and haircare routines. Mango butter, known for its moisturizing and healing properties, is gaining popularity in these markets as a key ingredient in various beauty and personal care products. The region’s booming cosmetics industry, especially the rise of local beauty brands, is fueling the demand for natural ingredients like mango butter. The Asia Pacific region, especially India, is a major producer of mangoes. With the increasing focus on utilizing every part of the fruit, mango seed kernels, which are the primary source of mango butter, are being efficiently harvested. The abundance of raw materials in the region not only ensures a steady supply of mango butter but also helps keep production costs relatively low, making it a competitive market. Consumers in Asia Pacific are becoming more aware of the benefits of natural and organic ingredients, not only in personal care products but also in food items. The demand for healthier alternatives in food products has led to the adoption of mango butter in various culinary applications, such as bakery and confectionery products. Additionally, the region’s increasing focus on sustainable living and environmentally conscious consumption further supports the growth of the mango butter market. The Asia Pacific market is expected to continue its rapid growth trajectory, driven by its expanding beauty and personal care industry, raw material availability, and increasing consumer awareness of natural ingredients.

Major companies operating in global Mango Butter market are:

• Henry Lamotte Oils GmbH
• Natural Sourcing, LLC (Praan Naturals )
• Madina Industrial Corp
• Hallstar Group
• Aurorium Holdings LLC 
• AVI Naturals
• Manorama Industries Limited
• All Organic Treasures GmbH
• Alzo International Incorporated
• Joseph Flach & Sons Ltd. 

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“The global mango butter market has experienced a remarkable surge, driven by a confluence of factors that emphasize its significance in the beauty and personal care industry. Mango butter, derived from the kernels of the mango fruit, has gained widespread acclaim for its versatile applications in skincare, cosmetics, and hair care products. Its rich composition of essential fatty acids, vitamins, and antioxidants positions it as a sought-after natural emollient, offering moisturizing, nourishing, and soothing properties. The market's growth is propelled by the rising demand for natural and organic beauty solutions globally, with mango butter emerging as a key ingredient in various formulations. This surge is further amplified by consumers' increasing preference for products with sustainable and ethically sourced ingredients, aligning with the growing trend towards eco-conscious and ethical consumption. With its versatility and efficacy, the global mango butter market continues to expand, catering to the ever-evolving preferences of consumers seeking wholesome and effective skincare and cosmetic products”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Mango Butter Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Refined, Unrefined), By Application (Cosmetics, Food, and Pharmaceutical), By Distribution Channel (Online and Offline), By Region & Competition, 2019-2029F", has evaluated the future growth potential of global mango butter market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global mango butter market.

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