A rise in disposable income, an upsurge in online sales in remote, and growing demand for mango butter in the Cosmetic & Pharmaceutical Industry are some of the prominent factors contributing to the market growth. Mango butter is majorly used in the cosmetic, food, and pharmaceutical industries. It delivers improved benefit to skin and hair that helps in nourishment and hydrating the skin. Furthermore, it is used for treating skin rash, eczema, insect bites, and poison ivy. In addition, it helps in reducing fine lines and wrinkles and is particularly effective at treating rough skin.
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In addition to its
other cosmetic properties, mango butter absorbs impurities, which rejuvenates
the skin and retains its freshness. When used in moisturizers or alone, mango
butter helps in reducing the appearance of wrinkles, and is ideal for moisturizing,
soothing, and protecting parched, dry, or damaged skin, lips, and hair. In hair
care applications, it promotes healthy hair by nourishing the hair shafts and
conditioning dry or distressed hair. Moreover, it provides light protection
against UV rays. Mango butter further has edible properties and is used to make
chocolate and other food items.
The Mango Butter Market
is expected to grow at a steady rate of around 12%. The growing awareness about natural and organic
products is contributing to the growing demand. This natural ingredient is
softening, emollient, and soothing to the skin, along with high oxidative
ability, regenerative activity, and wound healing. In terms of consistency,
mango butter is very similar to shea & cocoa butter, but the fatty acid
content differs between them. The various advantages of mango butter include
dry skin & rash treatment, blemishes & wrinkles clearance, wounds &
cracks healing, itch & sunburn healing, relive from insect bites, and
treatment of eczema & dermatitis is contributing to the growing market of
mango butter.
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According
to UnivDatos Market Insights (UMI)’ research report “Global Mango Butter Market”, the market is expected to
witness robust growth during the forecast period (2022-2028).
Mango Butter plays a vital role in the production of several natural
cosmetic products. Mango butter exhibits various skin treatment properties such
as keeping the skin plump and youthful, treating dry skin, improvisation of
one's complexion, reduction of scars, etc. Apart from skin treatment, mango
butter also helps in moisturizing hair.
Based on type, the market is segmented into refined and unrefined. The refined segment grabbed the major market share and dominated the
market in 2020. Cosmetic formulators prefer refined
mango butter, as it is odorless and, therefore, can be used in any formulation.
It is frequently used in the skin care industry since it is believed to reduce
the visibility of lines and wrinkles and help soften and lighten the skin,
making it the perfect treatment for dry, damaged skin. As a result, the
numerous advantages of refined mango butter significantly aid in expanding the
global market.
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Based on the application, the
market is categorized into food, cosmetics, and pharmaceuticals.
Among these, the cosmetics segment grabbed the major market share and dominated
the market in 2020. Mango butter is used
in cosmetic formulations as a substitute for shea butter and cocoa butter. It
is often used in anti-aging products and can be used in sun care products.
Cosmetic formulators usually prefer refined mango butter, as it is odorless and
can be used in any formulation. Furthermore, consumers are actively seeking
natural and organic cosmetic products. Hence, an increase in the application of
mango butter in the cosmetic industry is a major driving force in the global
market.
Europe to witness extensive growth
For a better understanding of the market
adoption of the Mango Butter industry, the market is analyzed based on its
worldwide presence in the countries such as North America (U.S., Canada, Rest
of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of
Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of
World. Europe is anticipated to grow at a substantial CAGR during the forecast
period owing to the growing technological advancements that have helped
manufacturers refine mango butter. Additionally, traditional cosmetics and
personal care products in the region are increasingly using natural and
plant-based components like mango butter, plant-based oils, and essential oils,
which is anticipated to accelerate the European mango butter market growth in
the ensuing years.
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According
to UnivDatos Market Insights (UMI)’, the key players with a considerable market
share in the Mango Butter market are Alzo International
Incorporated, All Organic Treasures GMBH (AOT), Manorama Industries Limited, AVI
Naturals, Jarchem Industries, Inc., Ekologie Forte Private Limited, Hallstar
Company, Madina Industrial Corp, Natural Sourcing, LLC, Henry Lamotte Food GmbH.
“Global
Mango
Butter Market” provides comprehensive qualitative and quantitative insights on
the industry potential, key factors impacting sales and purchase decisions,
hotspots, and opportunities available for the market players. Moreover, the
report also encompasses the key strategic imperatives for success for
competitors along with strategic factorial indexing measuring competitors’
capabilities on different parameters. This will help companies in the
formulation of go-to-market strategies and identifying the blue ocean for its
offerings.
Market Segmentation:
1. By
Type (Refined, Unrefined)
2. By
Application (Food, Cosmetics, Pharmaceuticals)
3.
By Region (North
America, Europe, Asia-Pacific, Rest of the World)
4.
By Company (Alzo
International Incorporated, All Organic Treasures GMBH (AOT), Manorama
Industries Limited, AVI Naturals, Jarchem Industries, Inc., Ekologie Forte
Private Limited, Hallstar Company, Madina Industrial Corp, Natural Sourcing,
LLC, Henry Lamotte Food GmbH)
Key
questions answered in the study:
1.
What are the current and future trends
of the global Mango Butter industry?
2.
How the industry has been evolving in
terms of type, drive type, and application?
3.
How the competition has been shaping
across the countries followed by their comparative factorial indexing?
4.
What are the key growth drivers and
challenges for the global Mango Butter industry?
5.
What is the customer orientation,
purchase behavior, and expectations from the global Mango Butter suppliers
across various region and countries?
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