Mango seed oil provides several benefits such as anti-aging, moisturizing, nourishing and protecting the skin. It supports cardiovascular health, reduces inflammation and boosts digestive health. The increasing demand for natural cosmetic and personal care products is driving the mango seed oil market.
The Global Mango Seed Oil Market is estimated to be valued at US$ 237.9 Mn in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period 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. Key players are focusing on innovative product formulations and leveraging strategic partnerships to solidify their market presence.
Mango seed oil is witnessing growing demand owing to its various cosmetic and therapeutic benefits. The increasing beauty-conscious population coupled with the rise of organic and natural skincare trends is fueling the growth of the market.
Global expansion of leading manufacturers through strategic acquisitions and joint ventures with local players in emerging economies is likely to open new growth avenues for the mango seed oil market over the forecast period.
Market key trends
One of the key trends gaining traction in the Mango Seed Oil Market Size is its increasing utilization in hair care products. Mango seed oil is enriched with vitamins A, D and E which helps nourish and moisturize dry and damaged hair. It treats dandruff and scalp infections while promoting hair growth. Leading personal care brands are leveraging the benefits of mango seed oil by launching innovative hair oils and serums. This is expected to significantly boost demand over the next few years.
Porter’s Analysis
Threat of new entrants: New entrants face high level of initial investments required to set up processing facilities and gain brand recognition in the market.
Bargaining power of buyers: Buyers have moderate bargaining power due to presence of many established suppliers in the market who can meet their bulk requirements.
Bargaining power of suppliers: A few suppliers control the supply chain for mango seeds creating high dependence of buyers on them leading to their high bargaining power.
Threat of new substitutes: Substitutes like almond oil, coconut oil pose threat being more popular but mango seed oil has advantage over them being native and novel.
Competitive rivalry: The market is dominated by few international players because of scale of operations and brand recognition.
Geographical regions with highest market value concentration: Asia Pacific region accounted for around half of the global mango seed oil market value in 2024 led by countries like India, Thailand and Indonesia being leading producers and consumers of mango.
Fastest growing region: Europe region is projected to be the fastest growing market for mango seed oil during forecast period due to rising awareness about health benefits of mango seed oil and cosmetic industry growth in countries like Germany, UK and France accepting mango seed oil in skin care products.
Discover the language that resonates with you.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
About Author - Money Singh
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, chemicals and materials, defense and aerospace, consumer goods, etc. LinkedIn Profile