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“” Grand View Research, Inc. – Market research and consulting. “According to a new report released by Grand View Research, the increasing application of the pulp in various foods and beverages is expected to further propel the growth of the segment.
The Global market for processed mango products the size should reach $ 25.55 billion through 2025 , according to a new report from Grand View Research, Inc. It is expected to record a TCCA of 6.4% during the forecast period. The growing demand for fruit foods and beverages is expected to be the main driver of growth.
Further processed mango products occupied the largest market share in 2018 due to the growing demand for juices. Mango is one of the most consumed and cultivated fruits in India. To capitalize on consumer preference for mango flavor and increase product offering, Coco-Cola launched a new premium mango juice – Maaza Gold in December 2017. Similar product launches in different regions are expected to boost Requirement.
The primary processing products segment, on the other hand, is expected to experience significant growth due to increased exports and consumption of mango pulp. The pulp and concentrates are used to make carbonated drinks, juices, confectionery, jams and marmalades, among others. The increasing application of the pulp in various food and beverage is expected to further drive the growth of the segment.
The online distribution channel segment is expected to register the fastest CAGR during the forecast period, owing to the growth of e-commerce and digital marketing. The introduction of online grocery websites such as Walmart, Costco, and BigBasket, among others, is expected to boost the overall food and beverage market through online distribution. This is expected to positively influence the online sales of processed mango products during the forecast period. Major manufacturers are launching their own websites and investing in efficient logistics and customer services to increase their online sales and improve their reach in the market.
Asia-Pacific held the largest market share in 2018 due to the presence of major players as well as the concentration of global fruit production in countries like India and China. In addition, regional production is expected to increase due to increasing demand from countries like Japan. North America, on the other hand, is expected to register the fastest CAGR during the forecast period, due to strong demand for mango flavored foods and beverages coupled with increased demand for organic mangoes. . The United States is a major importer of mangoes and mango products.
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In March 2019, Amul entered the fruit juice market by launching “Amul Tru” in mango, orange, apple and lychee variants. This packaged fruit drink is Amul’s strategy to compete with Frooti, Mazaa and other drinks in the global market. In April 2018, Bisleri launched Bisleri Fonzo, a mango-based soft drink to increase its product offering and serve consumers who prefer mango-based drinks.
Highlights of the Processed Mango Products Market Report
• Primary processed products segment is expected to grow at a CAGR of 6.9% attributed to increased demand for dough in confectionery, smoothies and beverages
• The offline distribution channel accounted for the maximum market share of processed mango products in 2018 and is expected to continue to dominate during the forecast period.
• In the Middle East and Africa, countries like the United Arab Emirates and Saudi Arabia are expected to experience increased demand due to increased exports from India, Pakistan and Kenya.
• Mexico opened its market for the import of dried mango slices from India after conducting a thorough pest risk analysis of product shipments. This factor should bode well for overall growth in the near future.
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Market segmentation of processed mango products
Grand View Research has segmented the global processed mango products market on the basis of product type, distribution channel and region:
Processed Mango Products Product Type Outlook (Revenue, USD Million, 2015 – 2025)
Processed Mango Products Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)
• In line
Regional Outlook for Processed Mango Products (Revenue, USD Million, 2015 – 2025)
• North America
• Great Britain
• Asia Pacific
• Central and South America
• Middle East and Africa
• Saudi Arabia
List of key players in the processed mango products market
• Del Monte Foods
• Envasadora del Atlántico Company
• Agrana Group
• 7D Mangoes
• ABC Fruits
• Food & Inns Ltd
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About Grand View Research
Grand View Research is a market research and consulting company based in the United States and India. It is headquartered in San Francisco. We provide business intelligence, syndicated research reports, and custom research reports to large, small, and medium-sized businesses. Our database contains thousands of in-depth statistics and analysis on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional and global business environment.
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