Processed Mango Products Market Growth & Trends
The global processed mango products market size is expected to reach USD 32.33 billion by 2030, registering to grow at a CAGR of 6.9% from 2024 to 2030 . Increasing demand for fruit-based food and beverages is anticipated to the primary growth driver.
Secondary processed mango products occupied the largest market share in 2023 owing to increasing demand for the juices. Mango is one of the most consumed and cultivated fruits in India. To leverage the consumer preference for mango flavor and increase product offering, Coco-Cola launched a new mango-flavored premium juice - Maaza Gold in December 2017. Similar product launches in different regions are expected to drive the demand.
Primary processed product segment, on the other hand, is anticipated to witness significant growth owing to increasing export and consumption of mango pulp. The pulp and concentrates are used to make carbonated beverages, juices, confectioneries, jams, and marmalades among others. Increasing application of the pulp in various food and beverages is expected to further propel the segment growth.
Online distribution channel segment is anticipated to register the fastest CAGR over the forecast period, due to growth of e-commerce and digital marketing. Introduction of online grocery websites like Walmart, Costco, and BigBasket among others is expected to drive the overall food and beverage market via online distribution. This is expected to positively influence online sales of processed mango products over the forecast period. Key manufacturers are launching their own websites and are investing in efficient logistics and customer services to increase online sales and to improve their market reach.
Asia Pacific held the largest market share in 2023 due to the presence of the major players as well as concentration of global production of the fruit in countries like India and China. Moreover, the regional production is expected to increase due to rising demand from the countries like Japan. North America, on the other hand, is expected to register the fastest CAGR during the forecast period, attributed to high demand for mango flavored food and beverages coupled with rise in demand for organic mangoes. U.S. is one of the major importers of mangoes and mango-based products.
In March 2019, Amul entered the fruit juice market by launching ‘Amul Tru’ in mango, orange, apple, and lychee variants. This packaged fruit drink is Amul’s strategy to compete with Frooti, Mazaa and other drinks in the global market. In April 2018, Bisleri launched Bisleri Fonzo, a mango-based carbonated beverage to increase its product offering and serve the consumers who prefer mango-based beverages.
Processed Mango Products Market Report Highlights
- Primary processed product segment is expected to ascend at a CAGR of 7.4%, attributed to the rise in demand for the pulp in confectioneries, smoothies, and beverages
- The distribution channel segment has been mainly categorized into online and offline segment. The offline segment has been the most dominant segment with a global market share of 87.4% in 2023.
- The Europe processed mango products market accounted for the global share of 14.1% in 2023. The major factor influencing the market growth includes the rise in items made from mangoes in the beverage sector.
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- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Processed mango Market Variables, Trends, & Scope
Chapter 4. Processed Mango Products Market: Product Estimates & Trend Analysis
Chapter 5. Processed Mango Products Market: Distribution Channel Estimates & Trend Analysis
Chapter 6. Processed Mango Products Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Companies Mentioned
- Jain Irrigation Systems Ltd
- Capricon Food Products India, Ltd
- Todos Ios derechos reservados
- AGRANA Beteiligungs-AG
- FPD Food International, Inc
- ABC Fruits
- Foods & Inns
- Del Monte Foods, Inc
- Keventer
- Allansons Private Limited
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | August 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 20.27 Billion |
| Forecasted Market Value ( USD | $ 32.33 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
