Mango seed oil is extracted from the kernel or seed of the mango fruit through a cold pressing method. It is valued for its rich nutritional composition containing essential fatty acids like oleic acid and palmitic acid which provide moisturizing and emollient properties to the skin. Mango seed oil has gained popularity as a natural ingredient in cosmetic formulations like creams, lotions and oils due to its light texture and ability to nourish the skin without clogging pores. The global mango seed oil market is estimated to be valued at USD 237.9 Mn in 2024 and is expected to reach USD 387.1 Mn by 2031, growing at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031. Key Takeaways
Key players operating in the Mango Seed Oil market are VedaOils, Natures Natural India, AG Organica, India Aroma Oils and Company, Olam International, Sunfood Corporation, Hain Celestial Group, Dole Food Company, McCain Foods, Kraft Heinz Company, General Mills, Conagra Brands, B;G Foods, Pinnacle Foods, Tropicana Products, Green Giant, Del Monte Foods, Euro Foods Industries, Maxcor Agro And Allieds, and Caradora Health Solutions. The Mango Seed Oil Market Demand for natural cosmetic products is expected to drive the mango seed oil market during the forecast period. Mango seed oil enjoys widespread popularity due to its rich composition of vitamins, minerals and antioxidants that moisturize and nourish the skin without side effects. Leading players in the mango seed oil market are focused on expanding their global footprint through strategic partnerships and mergers with international cosmetic brands. The large untapped growth potential across emerging regions is encouraging new market entrants. Market Key Trends
Sustainable and eco-friendly production methods are becoming an increasingly important trend in the mango seed oil industry. Producers are using organic and cold pressing techniques to extract the oil from seeds to promote the market’s credentials as a natural ingredient. There is also a focus on supporting local mango farmers and creating rural employment opportunities through tie-ups in the value chain.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the mango seed oil market is moderate. Established players dominate distribution channels, and significant capital is required to enter this market. Bargaining power of buyers: The bargaining power of buyers in the mango seed oil market is moderate. Buyers have some influence over prices due to the availability of substitutes.
Bargaining power of suppliers: The bargaining power of suppliers in the mango seed oil market is moderate. Suppliers have lower switching costs, but major suppliers also control a significant share of global mango production. Threat of new substitutes: The threat of new substitutes in the mango seed oil market is moderate. Mango Seed Oil Market Size and Trends,Several oils can be used as substitutes, but mango seed oil offers unique properties. Competitive rivalry: The competitive rivalry in the mango seed oil market is moderate to high due to established brands and private labels. Geographical regions
South Asia, especially India, accounts for over 65% of the global market value currently due to high mango production suitable for oil extraction. Countries like India, China, Brazil, Thailand and Egypt are major producers and consumers of mango seed oil currently. The fastest growing region for the mango seed oil market is North America. With increasing awareness of the health benefits of mango seed oil in cosmetics and personal care products, the demand is projected to grow at a CAGR of around 8.5% in the US and Canada during the forecast period. Wide availability of substitute oils and growing vegan and organic trends also support the market growth in this region.
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
