Mango Butter Market

Mango Butter Market Size:

The global mango butter market size reached US$ 104.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 171.7 Million by 2032, exhibiting a growth rate (CAGR) of 5.6% during 2024-2032. The market is expanding rapidly, owing to rising demand for natural and organic skincare products, increased knowledge of skin health and the benefits of natural ingredients, and the rapid expansion of the natural and organic cosmetic sector.

Mango Butter Market Analysis:

• Major Market Drivers: The rising demand for natural and organic skincare products, as consumers become more conscious of the potential harm from synthetic chemicals, is propelling the mango butter market share. Additionally, the increasing awareness of the skin health benefits provided by mango butter, such as deep hydration and anti-inflammatory properties, is boosting its demand across various applications.
• Key Market Trends: The increase in demand for the product as natural and organic cosmetics become more popular is boosting the mango butter market value. Furthermore, refined mango butter is preferred for its consistency and stability, while mango butter creams are renowned for their simplicity of application and effective skin effects.
• Geographical Trends: North America dominates the mango butter industry due to its high demand for natural personal care products and strong consumer purchasing power. Other geographical regions are also witnessing increased mango butter demand because of the strong emphasis on sustainable and ethically sourced ingredients and rising disposable incomes.
• Competitive Landscape: Some of the major market players in the mango butter industry include All Organic Treasures GmbH, Alzo International Inc., AOS Products Pvt. Ltd., Croda International Plc, Ekologie Forte Pvt.Ltd., Gustav Heess Oleochemical Products GmbH, Hallstar, Jarchem Industries Inc., Manorama Industries Limited, Natural Sourcing LLC, Natures Natural India, WALA Heilmittel GmbH (Wala Stiftung), among many others.
• Challenges and Opportunities: According to the mango butter market research report, some of the major challenges in the market include ensuring sustainable and ethical sourcing practices to meet growing demand without depleting resources. However, these issues provide possibilities for businesses to differentiate themselves by investing in sustainable practices and certifications, resulting in increased brand loyalty and market share.
   

Mango Butter Market Trends:

Rising Demand for Natural Ingredients in Cosmetics

The growing consumer preference for natural and organic skincare products is one of the primary drivers of the mango butter market growth. For instance, Europe has experienced a significant increase in the import of natural ingredients for cosmetics. Between 2018 and 2022, the value of European imports of vegetable oils grew at an average rate of 12% per year, from €818 million to €1,271 million. Furthermore, Europe is one of the world's largest markets for natural and organic cosmetics, accounting for 38% of overall market value. As individuals become more aware of the possible harm caused by synthetic chemicals in personal care products, they are turning to natural alternatives that they believe are safer and healthier for their skin. Mango butter, made from mango kernels, is high in vital fatty acids, vitamins, and antioxidants, making it an excellent component for hydrating and nourishing the skin. Its anti-inflammatory and therapeutic effects boost its popularity in the cosmetics sector.

Growing Awareness of Skin Health

There has been a notable increase in consumer awareness regarding skin health and the benefits of using natural ingredients in skincare routines. A new survey of 1000 persons in the United States found that 80% have skin health problems, with 25% reporting more serious skin problems. Furthermore, every day in the United States, more than 9,500 people are diagnosed with skin cancer. Every hour, the illness claims the lives of more than two persons. These unsettling figures have increased consumer awareness and motivated individuals to look for natural products. In this context, mango butter has become a popular ingredient due to its numerous skin health advantages. It increases skin elasticity, giving a younger and more radiant complexion. Furthermore, its deep moisturizing properties are particularly beneficial to dry and sensitive skin, which is driving the mango butter market revenue.

Expansion of the Natural and Organic Cosmetics Sector

Based on the latest mango butter market outlook, the natural and organic cosmetics sector has witnessed significant expansion, driven by a growing consumer preference for products that are perceived to be safer and more environmentally friendly. As consumers become more informed about the ingredients in their personal care products, there is an increasing demand for formulations that are free from synthetic chemicals, parabens, and artificial fragrances. Mango butter, with its natural origin and numerous skin benefits, fits perfectly into this category of products. It is highly valued for its ability to deeply moisturize and nourish the skin, making it a popular choice in a variety of cosmetic products, from facial creams to body lotions. Additionally, the shifting trend towards sustainability and eco-consciousness has further fueled the growth of the natural and organic cosmetics market.

Mango Butter Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type, format, and application.

Breakup by Type:

• Refined
• Unrefined
   

Refined accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the type. This includes refined and unrefined. According to the report, refined represented the largest segment.

As per the recent mango butter market forecast, refined mango butter holds the majority of the market share due to its broader application and consumer preference for high-quality, stable products. The refining process removes impurities and any potential contaminants, resulting in a product with a consistent texture, color, and shelf life. This makes refined mango butter more appealing for large-scale manufacturers and formulators who require uniformity and stability in their products. Additionally, refined mango butter is less likely to cause allergic reactions or skin irritations, making it suitable for sensitive skin applications. Besides this, the absence of a strong odor in refined mango butter also allows it to blend seamlessly with other ingredients in cosmetics, personal care, and food products.

Breakup by Format:

• Powder
• Cream
   

Cream holds the largest share of the industry

A detailed breakup and analysis of the market based on the format have also been provided in the report. This includes powder and cream. According to the report, cream accounted for the largest market share.

Cream holds the majority of the market share as highlighted in the latest mango butter market overview because of its versatile and convenient application. Mango butter creams are popular for their ease of use and ability to deliver deep hydration and nourishment to the skin. They are commonly used in a wide range of skincare products, including facial moisturizers, body lotions, and hand creams. The creamy texture of these products allows for easy application and absorption, providing immediate relief to dry and irritated skin. Additionally, mango butter creams are favored for their ability to incorporate other beneficial ingredients, such as essential oils, vitamins, and botanical extracts, enhancing their overall efficacy. Moreover, the demand for ready-to-use, luxurious skincare products has driven the popularity of mango butter creams, making them a preferred choice among consumers seeking effective and convenient skincare solutions.

Breakup by Application:

• Cosmetics
• Food
• Pharmaceutical
   

Cosmetics represents the leading market segment 

The report has provided a detailed breakup and analysis of the market based on the application. This includes cosmetics, food, and pharmaceutical. According to the report, cosmetics represented the largest segment.

According to the mango butter market analysis, the cosmetics industry holds the majority of the market share due to the growing demand for natural and organic skincare and beauty products. Mango butter is highly valued for its moisturizing, anti-inflammatory, and antioxidant properties, making it a popular ingredient in a wide range of cosmetic products, including lotions, creams, lip balms, and hair care formulations. Consumers are increasingly seeking products that offer multiple skin benefits without the use of synthetic chemicals, and mango butter fits this demand perfectly. Its ability to improve skin elasticity, reduce signs of aging, and soothe dry and irritated skin has made it a staple in the formulation of high-quality cosmetics.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

North America leads the market, accounting for the largest mango butter market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America represents the largest regional market for mango butter.

North America holds the majority of the market share, driven by the region's strong demand for natural and organic personal care products. The growing awareness of the benefits of natural ingredients in skincare and cosmetics has led to an increased adoption of mango butter among consumers and manufacturers. Furthermore, the presence of a well-established beauty and personal care industry, coupled with high consumer purchasing power, has further fueled the demand for premium, natural ingredients like mango butter. Additionally, the shifting trend towards sustainable and ethically sourced products has resonated strongly in North America, where consumers are willing to pay a premium for products that align with their values. Moreover, the region's robust distribution networks and the presence of leading cosmetic brands that prioritize natural ingredients have also contributed to the dominance of North America in the mango butter market.

Competitive Landscape:

• The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the mango butter industry include All Organic Treasures GmbH, Alzo International Inc., AOS Products Pvt. Ltd., Croda International Plc, Ekologie Forte Pvt.Ltd., Gustav Heess Oleochemical Products GmbH, Hallstar, Jarchem Industries Inc., Manorama Industries Limited, Natural Sourcing LLC, Natures Natural India and WALA Heilmittel GmbH (Wala Stiftung).

  (Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

• Leading mango butter companies are focusing on several strategic initiatives to maintain and expand their market share. These include investing in sustainable and ethical sourcing practices to ensure a reliable supply of high-quality mango butter while supporting local communities and promoting environmental stewardship. Companies are also prioritizing research and development (R&D) to innovate new formulations and applications, enhancing the versatility and appeal of mango butter in various products. Additionally, they are expanding their product portfolios to include a broader range of skincare, haircare, and food products that incorporate mango butter, catering to the growing consumer demand for natural and organic ingredients.

Mango Butter Market News:

• In February 2024: Croda International launched the Emotional Synesthesia textures collection. This collection features four fun yet functional formulations with playful textures. This includes Draw It Out Activated Charcoal Cleansing Stick, Mango Butter and Sea Salt Silicone-free Scalp Scrub Bar, Cuticle Seal and Protect Pre-Shampoo Primer Balm, and Glow For It Dewy Bouncy Blush.
• In January 2022: Okoko Cosmétiques, a Vancouver-based brand, launched a limited-edition multipurpose balm. This green balm features mango butter, coconut MCT, Acai oil, a blend of blue camomile, calendula, and more to soothe and moisturize skin.

Mango Butter Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the mango butter market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global mango butter market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the mango butter industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.