Mango Seed Oil Market Size, Share, Analysis, Trends, Forecasts, 2032

Mango Seed Oil Industry Prospective:

The global mango seed oil market size was evaluated at $227 million in 2023 and is slated to hit $627 million by the end of 2032 with a CAGR of nearly 12% between 2024 and 2032.

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Mango Seed Oil Market: Overview

Mango seed oil is referred to as an oil fraction derived from the processing of mango butter. Furthermore, mango oil is highly beneficial for skin as well as hair care. Reportedly, the product is packed with vitamin E, vitamin A, and vitamin C which can prove beneficial for retaining the healthiness & vitality of the skin. Moreover, the product also comprises anti-oxidants that help in combating free radicals in humans.

Key Insights

• As per the analysis shared by our research analyst, the global mango seed oil market is projected to expand annually at the annual growth rate of around 12% over the forecast timespan (2024-2032)
• In terms of revenue, the global mango seed oil market size was evaluated at nearly $277 million in 2023 and is expected to reach $627 million by 2032.
• The global mango seed oil market is anticipated to grow rapidly over the forecast timeline owing to a surge in awareness about organic items along with knowledge about skin & hair benefits offered by the product.
• In terms of type, the waxy segment is slated to register the highest CAGR over the forecast period.
• Based on application, the skin care products segment is predicted to contribute majorly towards the global industry revenue in the upcoming years.
• Region-wise, the North American mango seed oil industry is projected to register the fastest CAGR during the projected timespan.

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Mango Seed Oil Market: Growth Factors

Rising know-how among consumers about the beneficial effects of the product to spur the global market progression by 2032

A surge in awareness about organic items along with knowledge about skin & hair benefits offered by the product will drive the global mango seed oil market trends. Furthermore, the flourishing personal care & cosmetic sector will add immensely to the expansion of the market across the globe. Additionally, an increase in the per capita income of the consumers along with the trend of aromatherapy is expected to spur the growth of the market globally. New product development and technological breakthroughs are predicted to contribute noticeably towards the global market earnings in the years ahead.

Mango Seed Oil Market: Restraints

An increase in the production costs can plummet the growth of the industry across the globe

An increment in the manufacturing costs of product along with the quality of the product depending upon the use of source and extraction methods can restrict the global mango seed oil industry expansion. Tough competition from well-established product manufacturers along with easy availability of alternate products at cost-effective prices can disrupt the growth of the industry globally.

Mango Seed Oil Market: Opportunities

An increase in online sales & purchases of product can generate new growth scenarios for the global market

Flourishing e-commerce sector and a rise in personalized marketing activities aimed at increasing product awareness will provide impetus to the mango seed oil market across the globe. Moreover, a surge in the fund allocation in research activities related to new product development will define the market growth globally in the year ahead.

Mango Seed Oil Market: Challenges

Changing costs of the product can challenge the expansion of the industry globally over forecast period

Oscillating prices and strict laws regulating the use of the product can put a big challenge in the growth path of the global mango seed oil industry. Apart from this, supply chain oscillations and surging concerns over product sustainability can further hinder the global industry surge in the coming years. Lack of product differentiation and altering consumer tastes can create hurdles in the emergence of the industry across the globe in the next few decades.

Mango Seed Oil Market: Segmentation

The global mango seed oil market is divided into type, application, and region.                                          

In terms of type, the mango seed oil market across the globe is bifurcated into waxy and oil segments. Additionally, the waxy segment, which gained approximately 61%of the global market revenue in 2023, is projected to record the highest CAGR during the period from 2024 to 2032. The expansion of the segment in the coming eight years can be subject to the ability of the waxy mango seed oil to impart rich texture and stability to products, thereby making it fit for use in solid lotions, balms, and salves. Furthermore, it helps in moisture retention and hydration along with enhancing the longevity of the products.  

Based on the application, the global mango seed oil industry is divided into skin care products and hair care products segments. Furthermore, the skin care products segment, which accrued about 54.7% of the global industry profitability in 2023, is set to make major contributions towards the global industry proceeds in the forecasting timeline. The expansion of the segment in the analysis timeframe can be ascribed to antioxidant features of products promoting regeneration of skin and offering it protection against extreme climatic conditions. Moreover, the anti-inflammatory and anti-aging product features have enhanced mango seed oil use in skin care products. Humungous demand for clean as well as natural skin care products, has further enhanced the utilization of mango seed oil in preparing these products, thereby further driving segmental growth.

Mango Seed Oil Market: Report Scope

Mango Seed Oil Market: Regional Insights

Asia-Pacific is expected to dominate the global market growth over 2024-2032

Asia-Pacific, which accounted for 65% of the global mango seed oil market size in 2023, is expected to establish a key position in the global market in the coming eight years. In addition to this, the regional market expansion in the forecast timeline can be attributed to the presence of key mango producers in countries such as Thailand, India, the Philippines, and China. Furthermore, demand for personal care products by the millennial population as well as elderly people along with a surge in economic development are anticipated to embellish the growth of the market in the region.

North American mango seed oil industry is predicted to register the highest growth rate annually in the coming eight years. The growth of the industry in North America can be due to growing customer preference for organic skin care items and cosmetics in countries such as Canada and the U.S. Additionally, demand for anti-aging products in the U.S. and Canada along with growing awareness about the benefits of mango seed oil among the people based in the U.S. and Canada will propel the regional industry expansion in the next couple of years.

Mango Seed Oil Market: Competitive Space

The global mango seed oil market profiles key players such as:

• BioOrganic Concepts
• AAK
• ICSC International Cosmetic Science Centre
• Hallstar
• The DOW Chemical Company
• A&A Fratelli Parodi
• Jeen International

The global mango seed oil market is segmented as follows:

By Type

• Waxy
•  Oil

By Application

• Skin Care Products
• Hair Care Products

By Region

• 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