Make use of The Business Research Company’s Early Year-End Sale! Get up to 30% off on detailed market research reports—limited time only!
In recent years, the mango market size has seen a robust increase. From a noteworthy $63.65 billion in 2023, the market is expected to grow to $67.95 billion in 2024 displaying a compound annual growth rate CAGR of 6.7%. This growth in the historic period can be attributed to several factors – an increase in disposable income and exports, a preference for mango flavored drinks, and a rising awareness associated with the benefits of plant-based food products within emerging markets.
What’s on the Horizon For the Mango Market?
Looking to the future, the mango market is set to experience more growth. In fact, market size is predicted to reach a whopping $89.55 billion in 2028 at a healthy compound annual growth rate CAGR of 7.1%. The growth anticipated in the forecast period will be driven by increased awareness about the health benefits of mangoes, a rapid growth in e-commerce, a growing global population, and government initiatives supporting the industry. Other contributing factors are expected to be investment in new processing technologies to enhance resistance to fungal infections and slow physiological degradation, as well as the development of new and improved product variants.
For a comprehensive overview of the mango market, access the sample report from this link:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9527&type=smp
How Does the E-commerce boom Bode For the Mango Market?
The e-commerce boom is paving the way for a favorable growth for the mango market. E-commerce platforms offer a wide variety of groceries, fruits, vegetables, and farm produce, including mangoes, that go through rigorous quality control and testing. For instance, it is reported that consumer e-commerce currently constitutes 30% of the UK’s overall retail industry, up by 10% since 2020, generating over $120 billion in yearly sales. With 82% of people in the UK making at least one online purchase in 2021, the rapid growth of e-commerce is indeed supportive of the market growth.
For an in-depth report on the Mango market, check out the link here: https://www.thebusinessresearchcompany.com/report/mango-global-market-report
Who Are The Major Players in the Mango Market?
Prominent companies operating in the mango market include Fresh Del Monte, Capricorn Food Products India Ltd, Del Monte Foods, Freshmax Group, and ABC Fruits among others. The industry is also filled with the presence of innovative players such as Parle Agro, Food & Inns Ltd., Agrana Group, Keventer Agro Ltd., DÖHLER, Tradelink International and more.
What Market Trends and Government Initiatives Support the Mango Market Growth?
The mango market sees support from various government initiatives that recognize the nutritional advantages of suitable alternatives like mangoes for other food in public health schemes. Events like Mango festivals aimed at promoting the fruit along with measures taken by bodies like the Agricultural and Processed Food Products Export Development Authority APEDA to boost exports of mangoes are just some of the steps taken to further bolster the industry.
How is the Mango Market Segmented?
The mango market covered in the report is segmented by:
1 Type: Whole Fruit, Mango Pulp And Puree, Processed Mango Products
2 Nature: Conventional, Organic
3 Packaging Type: Bag, Pouches, Tray, Box, Other Packaging Types
4 Distribution Channel: Direct, Indirect
5 End User: Household, Food And Beverages Industry, Food Service Provider, Other End Users
Where Does the Mango Market Stand Globally?
Asia-Pacific emerged as the largest region in the mango market in 2022. The report covers a gamut of geographical regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Browse Through More Similar Reports By The Business Research Company:
Bakery & Confectionary Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/bakery-and-confectionary-global-market-report
Fruit And Nut Farming Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/fruit-and-nut-farming-global-market-report
Powder Coatings Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/powder-coatings-global-market-report
To Learn More About The Business Research Company
The Business Research Company has an impressive portfolio of over 15000+ reports across 27 industries and 60+ geographies. Drawing insight from 1,500,000 datasets, extensive secondary research, and exclusive interviews with industry leaders, our reports provide a comprehensive market outlook.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas: +1 3156230293
Asia: +44 2071930708
Europe: +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
