Mango Market 2024 | Business Growth, Industry Trends, Size, Key Drivers, Top Players And Forecast To 2033
Global mango market size is expected to reach $89.55 Bn by 2028 at a rate of 7.1%, segmented as by type, whole fruit, mango pulp and puree, processed mango products
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Overview and Scope
Mangoes are a type of fruit with a fleshy outer section that surrounds a shell, or pit. There are several different types of mango cultivars. The mango fruit varies in size, shape, skin, color, sweetness, and flesh color which may be pale yellow, gold, green, or orange, depending on the cultivar.
Sizing and Forecast
The mango market size has grown strongly in recent years. It will grow from $63.65 billion in 2023 to $67.95 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to rise in disposable income, increase in growth rate of exports, consumer preferences towards mango flavored drinks, emerging markets growth and rising awareness associated with benefits of plant-based food products..
The mango market size is expected to see strong growth in the next few years. It will grow to $89.55 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to increased awareness about the health benefits, rapid growth in ecommerce, increasing population and government initiative. Major trends in the forecast period include investing in new processing technologies to combat fungal infection and reduce physiological degradation, leveraging edible coatings for better shelf life and protection from microbes, adopting new storage technologies to preserve fruit quality and shelf life and developing and launching new and better product variants..
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Segmentation & Regional Insights
The mango market covered in this report is segmented –
1) By Type: Whole Fruit, Mango Pulp And Puree, Processed Mango Products
2) By Nature: Conventional, Organic
3) By Packaging Type: Bag, Pouches, Tray, Box, Other Packaging Types
4) By Distribution Channel: Direct, Indirect
5) By End User: Household, Food And Beverages Industry, Food Service Provider, Other End Users
Asia-Pacific was the largest region in the mango market in 2022. The regions covered in the mango market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rapid growth in e-commerce supports the growth of the mango market. E-commerce is the process of exchange of money and data to transact business through the internet. E-commerce stores offer a wide range of groceries, fruits, vegetables, and farm produce. The produce goes through high standards of quality control and testing in terms of shelf life, grade, packing materials, and organic characteristics. For instance, in September 2022, according to the International Trade Administration, a US-based government agency, consumer eCommerce currently makes up 30% of the UK's overall retail industry, up from 20% in 2020, and generates over $120 billion in yearly sales. In 2021, 82% of people in the UK made at least one online purchase. Thus, the rapid growth in e-commerce supports the growth of the market.
Key Industry Players
Major companies operating in the mango market report are Fresh Del Monte, Capricorn Food Products India Ltd, Del Monte Foods, Freshmax Group, ABC Fruits,Parle Agro, Food & Inns Ltd., Agrana Group, Keventer Agro Ltd., DÖHLER, Tradelink International, Energetic Overseas, Aavaith international, Arham Agro Exports, Harshad Mango Products Private Limited, J. J Agro Industry, Weifang Alice Food Co Ltd, Shouguang Vegetable and Food Industry Group Co Ltd, Ruiqiu Foods Co Ltd, Xiamen Friendship Bridge Co Ltd, Jiaozuo Hailian Food Co Ltd, Guangzhou Yihe Gardening Co Ltd, Kokkaen Co Ltd, Vietstore, Lyn Kamino, Larry Group of Companies Inc, Raw exports ltd, The Old English Trading Company Ltd, Polish Mango, The Hortex company, Fruitland Company, Armata Imports, RGS group, Diazteca, Aseptic Fruit Purees, Sun Tropical Foods LLC, Caquin Trading Inc, Specialty Fruits, Fundo Los Paltos, Frutecer, Agrodan, Bio fruit Export S. A, Globe natural International S. A, ADM do Brazil Ltd., Carabao mangoes, Ngowe Mango, SSMP Industries Ltd, Rancho De Estraero, Unifrutti Group, GG And Z Impe Group Pty Ltd, Allianz1 Globe Groups, Amimujco Nig Ltd, Golden Links Pyramid Ltd
The mango market report table of contents includes:
1. Executive Summary
2. Mango Market Characteristics
3. Mango Market Trends And Strategies
4. Mango Market - Macro Economic Scenario
5. Global Mango Market Size and Growth
.....
32. Global Mango Market Competitive Benchmarking
33. Global Mango Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Mango Market
35. Mango Market Future Outlook and Potential Analysis
36. Appendix
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