Global Processed Mango Product Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at CAGR of XX% during forecast period.
Factors like increasing consumption of mango products, inclination for extremely multipurpose & sweet products, and consciousness about nutritive products are driving the growth of the global processed mango product market. On the other hand, obtainability of mangoes only throughout certain seasons, variations in mango prices, and severe regulations of food processing across the globe are the main limitations for the growth of the global processed mango products market. An increase in the inclination for organic mango products and consumption across the globe be able to rise the export value of mango products mainly in the U.S. and Europe. This market has threats from several substitutes of fruit-based products in the market.
Based on the product segment, the secondary processed mango product segment held the largest market share in 2018. Major secondary products are juices, fruit bars, candies, jellies, jams, pickles, and fruit-based cosmetics having fruit extracts. Significant beverage manufacturers have introduced mango-based drinks to increase product contributions. As well as ready to drink beverages, manufacturers also offer powder mixtures to be used with milk or water for making refreshment drinks.
In addition, the primary processed segment is expected to hold the highest CAGR of XX% during the estimated period. Increasing consumption of the pulp in puddings, fruit meals for children, bakery fillings, and ice-cream mixtures among others is expected to drive the demand in the future.
Region-wise, in terms of revenue, Asia Pacific held the largest market share in 2018 and expected to remain to continue dominance for this region in the future. Widely held of global sales was driven by countries like India and China which are among the major producers of the fruit in the globe. Also, the attendance of global players like Capricorn and Jain Irrigations is driving the regional demand.
Also, North America is expected to witness the largest growth over the forecast period thanks to increasing consumer inclination for organic mangoes. Orange is the broadly consumed fruit across the U.S. But, the global prices for orange have grown up. This is pushing the manufacturers to invest in other fruit-based juices & pulps. Because of increasing consumer inclination, the regional market is expected to witness the highest CAGR of XX% in the future.
The objective of the report is to present a comprehensive analysis of the Global Processed Mango Product Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Application. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Application on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Processed Mango Product Market dynamics, structure by analyzing the market segments and project the Global Processed Mango Product Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Market make the report investor’s guide.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Scope of the Global Processed Mango Product Market
• Primary Processed Mango Product
o Dried/Dehydrated Mangoes
o Puree, Pulp & Concentrate
o IQF Slices& Dices
• Secondary Processed Mango Product
o Fruit Bars
o Others (Squash, Jam, Jellies, Nectar)
By Distribution Channel
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Processed Mango Product Market
• 7D Mangoes
• ABC Fruits
• Food & Inns Ltd.
• Jain Irrigation Systems Ltd.
• Capricorn Food Products India Ltd.
• Compañia Envasadora Del Atlántico
• Agrana Group
• Del Monte Foods
• Keventer Agro Ltd.
• Allanasons Private Ltd.