Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 660 Million | USD 1,000 Million | 5.4% | 2023 |
The global frozen mango market size was evaluated at $660 million in 2023 and is slated to hit $1,000 million by the end of 2032, with a CAGR of nearly 5.4% between 2024 and 2032.
Frozen mango is a versatile constituent that is utilized in a spectrum of culinary applications owing to its tanginess & sweet taste. Moreover, frozen mangoes are available in various forms, including mango slices, mango cubes, and pulp. Reportedly, frozen mango is used in various snacks & meals, such as parfaits, drizzle, frozen treats, smoothies, puree, mango salsa, pancakes, and mango tea.
Long shelf-life of the product to scale up the global market trends over the forecast period
The elongated lifespan of frozen mango and the need for vitamins A & C to improve eye health and enhance the immunity of the body is expected to steer the expansion of the global frozen mango market. Reportedly, frozen mango contains antioxidants that help detoxify the human body and improve the health of the heart.
Moreover, the fiber content of the product helps improve digestion and promote gut health. All these aforementioned aspects will expand the scope of the global market in the years ahead. Escalating demand for convenience diet and easy access to the product will drive the global market trends.
Apart from this, changing health & wellness trends, along with surging health awareness among the people, leading to a preference for healthy &nutritious snacks, will scale up the global market demand. Inclination towards the intake of plant-based foods is likely to embellish the global market expansion.
Lesser product yield in certain seasons can obstruct the growth rate of the global industry over 2024-2032
The seasonality of the production of fresh mangoes and the volatility of raw material costs can restrict the expansion of the global frozen mango industry. Cutthroat competition from various other frozen fruits, such as pineapples, berries, and mixed fruits, can result in a huge decline in the growth of the global industry. Supply chain disruptions can further diminish global industry growth.
Flourishing the e-commerce sector to shape the growth of the market globally over the analysis timeline
An increase in the per capita income and new product launches are likely to open new growth avenues for the global frozen mango market. A surge in online shopping activities and intake of healthy snacks will prop up the scope of the global market.
A low supply of high-quality products can challenge the global industry expansion over the forecast timeline
Changing quality standards for frozen mangoes can create huge deterrence in the growth path of the global frozen mango industry. For the record, customers in Korea and Japan prefer premium quality with exceptional features, thereby challenging the expansion of the industry globally as it is difficult to fulfill the product demand during the seasons when the mango yield is less. .
Report Attributes | Report Details |
---|---|
Report Name | Frozen Mango Market |
Market Size in 2023 | USD 660 Million |
Market Forecast in 2032 | USD 1,000 Million |
Growth Rate | CAGR of 5.4% |
Number of Pages | 214 |
Key Companies Covered | Xiamen Sinofrost, Kiril Mischeff, Dole Food Company Inc., Ardo, SunOpta Inc., Nafoods Group, SICOLY, Capricorn Food Products India Ltd., A Sunkist Growers Inc., Tropicool Foods Pvt. Ltd., Del Monte Foods, Doveco, Agro Products & Agencies, Kanegrade, and others. |
Segments Covered | By Product Type, By Packaging, By Distribution Channel, By End-Use, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global frozen mango market is divided into product type, packaging, distribution channel, end-use, and region.
In terms of product type, the frozen mango market across the globe is segmented into frozen mango slices, frozen mango chunks, frozen mango cubes, and frozen mango pulp segments. The frozen mango pulp segment, which accrued nearly half of the global market revenue in 2023, is predicted to register the fastest CAGR from 2024 to 2032 as a result of its versatility, convenience, and escalating demand for the product.
Based on packaging, the global frozen mango industry is sectored into pouches, bulk packaging, and trays segments. Furthermore, the pouches segment, which accounted sizably for the global industry size in 2023, is projected to lead the global industry in the next couple of years owing to its portability, convenience, sustainability, and re-sealability.
On the basis of distribution channel, the frozen mango market globally is divided into supermarkets & hypermarkets, online retail, and convenience stores segments. Moreover, the supermarkets & hypermarkets segment, which led the global market space in 2023, is expected to proliferate the size of the market globally over the forecast period. The growth of the segment can be credited to the easy availability of the product on the shelves of supermarket & hypermarket stores.
Based on end-use, the frozen mango industry across the globe is bifurcated into household consumption, food processing, and food services segments. In addition, the household consumption segment, which registered the highest rate of annual growth in 2023, is projected to lead the segment in the coming eight years. The growth of the segment can be due to the escalating consumption of convenience diets along with a focus on fitness & good health.
Asia-Pacific is projected to maintain a key position in the global market over the analysis timeline
Asia-Pacific, which accounted for nearly 72% of the global frozen mango market size in 2023, is expected to lead the global market during the forecasting years. In addition, the exponential growth of the market in APAC in the next seven years can be ascribed to the presence of a strong manufacturing base in countries such as India, Japan, South Korea, and China. Moreover, rising health awareness among the people and changing food habits of the customers can prompt the growth of the market in the region.
The European frozen mango industry is set to record the highest CAGR in the forecast period. The swift progress of the industry in Europe can be credited to the escalating intake of ready-to-intake foods along with easy access to enhanced logistics & supply chains. Apart from this, the use of the product in various drinks, along with an increase in online retail activities, will propel the industry growth in the continent.
The global frozen mango market profiles key players such as:
The global frozen mango market is segmented as follows:
By Product Type
By Packaging
By Distribution Channel
By End-Use
By Region
FrequentlyAsked Questions
Frozen mangoes are versatile constituents that are utilized in a spectrum of culinary applications owing to their tanginess and sweet taste.
The global frozen mango market will grow over the forecast period due to escalating demand for convenience diets and easy access to the product.
According to a study, the global frozen mango industry size was $600 million in 2023 and is projected to reach $1,000 million by the end of 2032.
The global frozen mango market is anticipated to record a CAGR of nearly 5.4% from 2024 to 2032.
The European frozen mango industry is set to register the fastest CAGR over the forecasting timeframe owing to the escalating intake of ready-to-intake foods and easy access to enhanced logistics and supply chains. The use of the product in various drinks and an increase in online retail activities will propel the industry's growth in the continent.
The global frozen mango market is led by players such as Xiamen Sinofrost, Kiril Mischeff, Dole Food Company, Inc., Ardo, SunOpta Inc., Nafoods Group, SICOLY, Capricorn Food Products India Ltd., A Sunkist Growers, Inc., Tropicool Foods Pvt. Ltd., Del Monte Foods, Doveco, Agro Products & Agencies, and Kanegrade.
The global frozen mango market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, cash-benefit analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, factor analysis, and value chain analysis. It provides an apt scenario about demand and factor conditions in the country impacting the profitability of the firms in the domestic and international markets.
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