Mango, a tropical fruit native to Southern Asia, is highly sought after for its delicious taste and nutritional benefits. Packed with vitamins and nutrients, mango is a rich source of vitamins A and C. It is consumed worldwide, including fresh, frozen, and processed. Manufacturers utilize mango to produce confectionery and processed food items, capitalizing on its distinct flavor and versatility in culinary applications.
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Data Bridge Market Research analyses that the Mango Market is expected to reach USD 27,569.87 million by 2030 from USD 18,951.09 million in 2022, growing at a CAGR of 4.9% in the forecast period of 2023 to 2030. There has been a steady rise in the global demand for mangoes, driven by their delicious taste, nutritional benefits, and versatility in culinary applications. Mangoes are enjoyed fresh, as juice, in smoothies, desserts, and as an ingredient in various food products, leading to increased consumption worldwide.
Key Findings of the Study
Growing foodservice industry is expected to drive the market's growth rate
The growing food service industry, encompassing restaurants, hotels, cafes, and catering services, significantly drives the demand for mangoes. Mangoes are extensively utilized in diverse culinary preparations, beverages, and desserts within the food service sector. Their vibrant flavor and versatility make them a popular ingredient choice for chefs and beverage professionals. The commercial consumption of mangoes in the food service industry contributes to the overall market growth, reflecting their widespread culinary appeal.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Variety (Alphonso, Kesar, Dashehari, Chausa, Langra, Banganapali (BADAMI), Neelum, Totapuri and Others), Packaging Size (Less Than 4 Kg, 4kg to 8 Kg and More than 8kg), Distribution Channel (Offline and Online), Application (B2B and B2C)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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Market Players Covered
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Devgadmango (India), Ratnagiri Alphonso Mango (India), Tropical Green Company (Thailand), Dole Plc (U.S.), Jayanthagrofarms (India), Mithuna Foods (India), Verde Fruits Company LLC (U.A.E), Muthalamada Mangoes (India), Freshmax Group (New Zealand), Delina Inc (U.S.), All Seasons Fresh Produce (U.S.), New Limeco, LLC (U.S.), Coast Citrus (Australia), Premier Fresh Australia (Australia), and Piñata Farms Operations Pty Ltd (Australia)
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Data Points Covered in the Report
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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 in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The mango market is segmented on the basis of variety, packaging size, and application and distribution channel
- On the basis of variety, the mango market is segmented into alphonso, Kesar, Dashehari, Chausa, Langra, Banganpali (Badami), Neelum, and Totapuri. Alphonso segment is expected to dominate the mango market with a 20.55% market share in the forecast period of 2023 to 2030 due to its unique aroma, taste, and high pulp content.
- On the basis of packaging size, the mango market is segmented into less than 4kg, 4kg up to 8kg, and more than 8kg. More than the 8kg segment is expected to dominate the mango market with a CAGR of 5.1% from 2023 to 2030 due to large storage capacity and less packaging waste generation.
In 2023, the more than 8kg segment is expected to dominate the packaging size of the mango market
In 2023, the more than the 8kg segment is expected to dominate the packaging size of the mango market owing to the bulk distribution to large-scale retailers, wholesalers, or food processing industries. Mangoes in this packaging size cater to high-demand scenarios, where larger quantities are needed for mass production, export, or distribution to meet the requirements of larger consumer bases with a CAGR of 5.1% in the forecast period of 2023 to 2030
- On the basis of distribution channels, the mango market is segmented into offline and online. Offline segment is expected to dominate the mango market with a 60.06% market share in the forecast period of 2023 to 2030 due to the easy availability of mangoes and different varieties available for buyers.
- On the basis of application, the mango market is segmented into B2B and B2C. B2B segment is expected to dominate the mango market with a CAGR of 5.0% in the forecast period of 2023 to 2030 due to increased demand for mangoes in various processing industries.
In 2023, the B2B segment is expected to dominate the application segment of the mango market
In 2023, the B2B segment is expected to dominate the application segment of the mango market owing to the use of mangoes as raw materials for various value-added products that are then distributed to retailers or other businesses, and food processing companies, juice manufacturers, frozen food manufacturers, and confectionery producers with a CAGR of 5.0% in the forecast period of 2023 to 2030.
Major Players
Data Bridge Market Research recognizes the following companies as the major mango market players in mango market are Devgadmango (India), Ratnagiri Alphonso Mango (India), Tropical Green Company (Thailand), Dole Plc (U.S.), Jayanthagrofarms (India), Mithuna Foods (India), Verde Fruits Company LLC (U.A.E), Muthalamada Mangoes (India), Freshmax Group (New Zealand), Delina Inc (U.S.)
Market Development
- In 2022, the merger of Camp Shores and Camp Vec allows the new brand to deliver specific content in camping advice, tent reviews.
- In 2018, Mars Wringley Confectionary launched Dove Mango Sorbet with Dark Chocolate. The product contained rich mango flavor coupled with dark chocolate
Regional Analysis
Geographically, the countries covered in the mango market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
As per Data Bridge Market Research analysis:
Asia-Pacific is expected to dominate the region in the mango market during the forecast period 2023-2030
Asia-Pacific is set to dominate the world market for mangoes. Growing demand for mangoes across various industries, including food and beverage, confectionery, and cosmetics, can be attributed to the region's strong position. Mango flavors are being used in various applications, and consumers are showing an increasing preference for products with mango as an ingredient. These elements and the region's prodigious mango production and consumption helps explain Asia-Pacific's continued dominance of the world mango market.
North America is estimated to be the fastest-growing region in the region in mango market during the forecast period 2023-2030
The North American region is experiencing a growing demand for organic mangoes due to increasing consumer preference for organic products. The popularity of orange as a widely consumed fruit in the U.S. has prompted manufacturers to invest in other fruit-based juices and pulps, including mango. This trend is expected to drive the regional market's growth with the fastest compound annual growth rate (CAGR) in the coming years as consumers increasingly opt for mango-based products in addition to orange.
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