The growth of the beverage industry has become a significant market driver for mangoes in South Korea, China, the U.A.E., and Canada. Mangoes have gained popularity as a key ingredient in a variety of hydrating and nourishing drinks as consumer preferences shift toward healthy and natural beverages.
Access Full Report @ https://www.databridgemarketresearch.com/de/reports/canada-china-south-korea-and-uae-mango-market
Mango-flavored drinks, including juices, smoothies, and flavor-infused water, are quite popular in South Korea's beverage industry. Mango-based beverages offer a pleasant and refreshing option for consumers looking for healthier alternatives to sugary sodas and artificial drinks. Mango-flavored beverages are becoming more popular because of marketing initiatives highlighting the fruit's excellent flavor and health benefits. Therefore, continuous growth in the beverage industry is such as to act as a driver for the growth of the mango market shortly.
Data Bridge Market Research analyses that the Canada, China, South Korea, and U.A.E. Mango Market is expected to grow with a CAGR of 5.1% from 2023 to 2030 and is expected to reach USD 1,413.56 million by 2030.
Key Findings of the Study
Rising Use in the Confectionery across Multiple Sectors are Expected to Drive the Market Growth
The rising use of mango in confectionery across multiple sectors is a significant driver in the mango markets of South Korea, China, the U.A.E., and Canada. Mango's natural sweetness, vibrant color, and unique flavor profile make it an ideal ingredient for various confectionery products such as candies, chocolates, pastries, and desserts. The growing trend of health-conscious eating habits further supports the use of mango in confectionery. Mango stands out as a wholesome and delicious option as consumers seek natural and fruit-based alternatives to artificial flavors and additives.
Mango’s rising use in confectionery across various sectors is fuelled by its natural sweetness, vibrant flavor, and health benefits. The growing demand for fruit-based and tropical flavors, coupled with the versatility of processed mango products, creates ample opportunities for confectionery manufacturers to cater to the evolving preferences of consumers in South Korea, China, U.A.E., and Canada.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015 - 2020)
|
|
Quantitative Units
|
Revenue in USD Million, Volume in Kilo Tons, and Pricing in USD
|
|
Segments Covered
|
Variety (Alphonso, Totapuri, Tommy Atkins, Kent, Keitt, Osteen, Kesar, Neelum, Palmer, Banganpali (Badami), Chausa, Dashehari, Langra, and Others), Nature (Conventional and Organic), End Use (Food Processors, and Food Service Industry)
|
|
Countries Covered
|
Canada, China, South Korea, and U.A.E.
|
|
Market Players Covered
|
Tropical Green Co., Ltd. (Thailand), Verde Fruits Company LLC (U.S.), Gulffruits Trade co LLC (U.A.E.), Mango Canada (Canada), Fresh Taste Produce (U.S.), Fresh Direct Produce Ltd (Canada), and CANADA, CHINA, SOUTH KOREA, and U.A.E. CITRUS GROUP (Canada)
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, material handling and storage, transport and precautions and hazard identification.
|
Segment Analysis
The Canada, China, South Korea, and U.A.E. mango market is segmented into three notable segments based on variety, nature, and end use.
- Based on variety, the market is segmented into alphonso, totapuri, tommy atkins, kent, keitt, osteen, kesar, neelum, palmer, banganpali (badami), chausa, dashehari, langra, and others.
In 2023, the alphonso segment of variety is anticipated to dominate the Canada, China, South Korea, and U.A.E. mango market
In 2023, the alphonso segment is expected to dominate the market with 20.11% market share as it reduces the formation of retraction and contraction cracks. It is also due to its unique aroma, taste, and high pulp content.
- Based on nature, the market is segmented into conventional and organic. In 2023, the conventional segment is expected to dominate the market with a 74.37% market share.
- Based on end use, the market is segmented into food processors and food service industry.
In 2023, the food processors segment of end use is anticipated to dominate the Canada, China, South Korea, and U.A.E. mango market
In 2023, the food processors segment is expected to dominate the market with a 76.15% market share due to the rising demand for processed mango products, convenience, and expanding food industry applications.
Major Players
Data Bridge Market Research recognizes the following companies as the major players in the Canada, China, South Korea, and U.A.E. mango market that includes Tropical Green Co., Ltd. (Thailand), Gulffruits Trade co LLC (U.A.E.), Mango Canada (Canada), Fresh Direct Produce Ltd (Canada), and CANADA, CHINA, SOUTH KOREA, and U.A.E. CITRUS GROUP (Canada).
Market Developments
- In May 2023, Fresh Direct Produce Ltd., together with its affiliates Mike & Mike's Organics, Islands West Manufacturers, and Emperor Specialty Foods, is proud to have received Platinum Status for the past ten years from Canada's Best Managed Companies. The Group's dedication to development and expansion enables them to draw in and align with the greatest growers, clients, and talents in the sector.
- In June 2020, a distributor of fresh, organically-certified fruits and vegetables, Mike and Mike's Inc., has been purchased by Fresh Direct Produce, Ltd. The relationship between Fresh Direct and Mike and Mike's broadens Fresh Direct's distribution network in Canada, but it also provides insight into the goods and business practices in a crucial area.
Regional Analysis
Geographically, the countries covered in the Canada, China, South Korea, and U.A.E. mango market report are Canada, China, South Korea, and U.A.E.
As per Data Bridge Market Research analysis:
China is the dominant country in the Canada, China, South Korea, and U.A.E. mango market
In 2023, China is expected to dominate the Canada, China, South Korea, and U.A.E. mango market due to large production, easy availability of products, and increasing number of consumers.
U.A.E. is estimated to be the fastest-growing country in the Canada, China, South Korea, and U.A.E. mango market for the forecast period 2023-2030
U.A.E. is expected to grow during the forecast period due to the rising demand for mango related beverages in the country and liking for fruits among consumers.
For more detailed information about the Canada, China, South Korea, and U.A.E. mango market report, click here – https://www.databridgemarketresearch.com/de/reports/canada-china-south-korea-and-uae-mango-market
