Mango Butter Market Growth, Size, Share, Trends, and Forecast 2032

According to the report published by Zion Market Research, the global Mango Butter Market size was valued at USD 107.9 Million in 2023 and is predicted to reach USD 174.6 Million by the end of 2032. The market is expected to grow with a CAGR of 5.62% during the forecast period. The report analyzes the global Mango Butter Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Mango Butter Market industry.

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Global Mango Butter Market: Overview

Mango butter is an organic butter that is creamy textured, semi-solid, and soft with a sweet aroma. It is extracted from shelled kernels of tropical mango. It was first innovated for commercial use in 2011 by All Organic Trading (AOT) and became more available for cosmetics in 2013 as bio-certified ingredients. This natural ingredient is soothing, softening, and emollient to the skin, apart from having regenerative abilities, wound healing, and high oxidative ability. Also, with reference to its consistency, it is very similar to cocoa and shea butter, but it's fatty acid content differs. Mango butter is suitable for different products like sun care balms and vegetable oils. Additionally, it is known to be a good source of vitamin C, oleic acid, antioxidants and glycerides. However, it also treats several medical disorders like fungal infections, psoriasis, eczema, and other dry skin conditions.

Global Mango Butter Market: Growth Factors

The global mango butter market is likely to grow significantly during the forecast period due to the growing application of mango butter for different cosmetic products like blemishes, wrinkles treatment, rashes, sunburn treatment, wound healing, and others. However, the companies in the cosmetic industry have hands-on mango butter in their product to capitalize that product as superior owing to its advantages. It is used in a wide range of products like skincare lotions, body butter, creams, lip balm, soap, and other dermatology products. The growing demand for personal care products in recent years is likely to create lucrative growth opportunities in the global mango butter market. Mango butter effectively fights against free radicals and enhances collagen production, thereby improving the skin’s appearance naturally.

Additionally, the market leaders are focusing on organic product variants enriched with vitamin B6, A, E, F along with magnesium, potassium, folate, iron, and zinc. Also, consumer preferences are shifting significantly, and a huge population is inclining towards organic products due to the surging concerns regarding the ill effects of organic chemistry, thereby complementing the market growth. The outbreak of the Covid-19 pandemic has impacted the growth trajectory of the global mango butter market, but the growing awareness of people about health and wellness is likely to contribute to the growth of the global mango butter market during the forecast period. The growing research and development activities by market leaders to bring the product with advanced attributes are likely to further facilitate growth opportunities globally.

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Global Mango Butter Market: Segmentation

The global mango butter market can be segmented into application, format, type and region.

By application, the market can be segmented into pharmaceutical, food, and cosmetics. The cosmetic sector accounts for the largest share in the global mango butter market due to the fact that plant-based ingredients like exotic fats and lipids are extracted from kokum trees and pressed fruit kernels of shea and mango.

By format, the market can be segmented into cream and powder.

By type, the market can be segmented into unrefined and refined.

Mango Butter Market : Report Scope

Global Mango Butter Market: Regional analysis

North America accounts for the largest share in the global mango butter market due to the growing demand from end-users. The growing awareness among people in the region regarding the benefits of mango butter on skin ailments is likely to complement the growth of the regional market exponentially.

Asia Pacific is another leading region in the global mango butter market due to the growing disposable income of people in the region. The presence of prominent market leaders in the region, along with their growing investment, is likely to exhibit growth prospects in the forthcoming years.

Global Mango Butter Market: Competitive Players

Some of the significant players in the global mango butter market include:

• Henry Lamotte Food GMBH
• Natural Sourcing, LLC
• Madina Industrial Corp
• Hallstar Company
• Jarchem Industries, Inc.
• AVI Naturals
• Manorama Industries Limited
• All Organic Treasures GMBH (AOT)
• Alzo International Incorporated.

The Global Mango Butter Market is segmented as follows:

By Application 

• pharmaceutical
• food
• cosmetics 

By Format 

• cream
• powder

By Type 

• unrefined
• refined

Global Mango Butter Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.