The Global Processed Mango Product Market is expected to reach USD 3,237.7 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 6.7% from 2022 to 2028.
High demand for primary Processed Mango Product, including mango puree and mango pulp, and an increase in the growth rate of exports to boost demand for Processed Mango Product are anticipated to augment the growth of the market during the forecast period.
- Under the segment Distribution Channel for Processed Mango Product Market, the Offline store sub-segment dominates the market. This dominance is owing to the presence of several distribution outlets.
- Under the Product Type segment, Secondary Processed Mango Product sub-segment holds the largest share of the segment. This is owing to the increasing demand for juices, pickles, fruit bars, and candies. The surge in demand for these products is ultimately propelling the demand for Processed Mango Product. Hence, anticipated to continue its dominance for the forecast period.
- North America holds the largest share of the market and is expected to grow at the fastest Compound Annual Growth Rate (CAGR) during the forecast period. Manufacture interment in fruit juice and other product and an increase in consumer preference is anticipated to support the regional growth of the market.
Mangoes are a popular and widely produced tropical fruit that may be processed at two stages of maturity. Unripe mangoes are used to produce chutney, pickles, curries, and dried goods; however, ripe mangoes can be used to make purée, canned and frozen slices, juices, and other similar products. Mangoes and their products are gaining in popularity, which is expected to boost demand for Processed Mango Product. Mangos are high in vitamins, minerals, and antioxidants, which can help you stay healthy. It also helps in the strengthening of your bones. Vitamin K, for example, aids in the clotting of blood and the prevention of anemia. The increasing demand for processed mango items from the United States, Gulf Cooperation Council (GCC) countries, and major European countries, which rely on exporters to satisfy demand, creates opportunities for market participants. As a result, industry participants are more likely to focus on high-growth economies across the world with minimal regulatory intervention. Furthermore, demand for mango puree, mango pulp, mango concentrate, and Individual Quick Freezing (IQF) slices & dices is predicted to expand significantly in the main Processed Mango Product market during the forecast period.
North America held the largest shares in 2021. Globally, India and China are the major producers of fruit. Also, the presence of a large consumer and application base in the region offers a lucrative opportunity for market growth.