PUBLISHER: Orion Market Research | PRODUCT CODE: 1159294
PUBLISHER: Orion Market Research | PRODUCT CODE: 1159294
Global Processed Mango Products Market Size, Share & Trends Analysis Report by Type (Dried/Dehydrated Mangoes, Puree, Pulp & Concentrate, Fruit Bars, Candies, Juice, Pickles, and Others), and by Distribution Channel (Online and Offline) Forecast Period (2022-2028)
The global processed mango products market is anticipated to grow at a substantial CAGR of 6.3% during the forecast period. Increasing consumption of mango products all over the world is driving the growth of processed mango products market. Mangoes can be processed into a wide range of products like baked products, juices, jellies, ice creams, yoghurts, and other energy drinks. consumers are opting for organic mango products to avoid chemical products for health reasons. Mango drinks are the most demanded and highly consumed product among the various mango processed products. For instance, in August 2019, Dabur Foods has launch mango drink with a twist. Mango Twist is new sub-brand in the Real portfolio comes in mango-orange and mango-papaya variants so that consumers can perceive the value addition to the drink.
The global processed mango products market is segmented based on the type and distribution channel. Based on the type, the market is segmented into dried/dehydrated mangoes, puree, pulp & concentrate, fruit bars, candies, juice, pickles, and others. Based on the distribution channel, the market is sub-segmented into the online and offline. Among these, the offline processed mango products market is projected to grow more during the forecast period. Easy availability at hypermarkets, convenience stores due to extensive distribution network of mango cultivars globally is driving the market growth. Whereas online distribution channel segment is expected to witness the fastest CAGR during the forecast period.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America market is expected to show notable growth during the forecast period. Increasing preferences for organic mangoes in the North American region is driving the growth of processed mango products market. The demand of organic products is increasing in the region owing to the surging health consciousness among consumers. during the forecast period. Sresta Natural Bio-products, an organic food company launched organic mango juice. Called the 24 letter mantra-organic mango, the blend juice is made from selective varieties such as alphonso. In January 2021, Crespo Organic Mangoes' Oaxacan packhouse opened ahead of schedule and is currently packing and shipping organic Ataulfo mangoes. In addition to the good early season news the Crespo Organic Mango program includes several new organic mango items for the 2021 season.
The major companies serving the global processed mango products market include Capricorn Food Products India Ltd., FPD Food International, Inc., Sunrise Naturals Pvt.Ltd., Ambrosia Organic Farm, MOTHER INDIA FARMS., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2022, Coca-Cola has announced the launch of a new Aam Panna variant under its mango fruit drink brand Maaza. Maaza Aam Panna will be available on shelves in North, West, and East India.
Research Methodology
The market study of the global processed mango products market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: