Mango Butter Market

Mango Butter Market Size, Share, Growth (2023-2028)

Mango Butter Market size was valued at US$ 98.3 Million in 2022 to reach US$ 145.2 Million by 2028 with a CAGR of 6.38%.

Mango Butter Market Overview

Mango butter is a soft, organic, and creamy product in the semisolid form extracted from the shelled kernel of the fruit mango. It is a fatty acid and is considered a fat like shea butter and cocoa butter. It has the best moisturizing and emollient properties, helping in treating dry skin. The mango butter was rich in triglycerides, vitamin C, antioxidants, and tocopherol, which helps soothe irritated skin. Mango Butter was most widely used in treating mild symptoms of psoriasis, eczema, and fungal infections. Mango Butter was used widely in the food industry, where it can be replaced by cocoa butter. Due to its mild and sweet aroma, it can be used as the base for the perfumes. It was also used in hair, bathing, and soaps. It helps fight wrinkles and fine lines, acting as an antiaging product.

Mango Butter Market Drivers

The mango butter market was rapidly driven by the increase in demand from the Pharmaceutical and cosmetic industries, as mango butter was used in treating dry and irritated skin and various dermatological conditions. The adoption of skin care products positively influenced the sales of mango butter, which increased the mango butter market growth. When interacting with oxygen, Mango butter forms salicylic acid, which protects the skin from UV radiation and treats acne-prone skin. In the food industry, mango butter is used in bakery and cuisines; it replaces cocoa butter. Companies from the cosmetic industry are using mango butter vigorously due to its advantages. Hence, mango butter was in demand in the companies' manufacturing lotions, creams, dermatological products, and soaps. The increase in demand for these products creates opportunities for the Mango butter market growth. The increase in Research and development activities to enhance the mango butter activity was expected to give a promising increase in the market value. The increase in online shopping availability was also expected to enhance product demand. 

Mango Butter Market Restraints

Mango butter was a new product, so it cost high, influencing the growth of mango butter. The mango was a seasonal fruit, so the availability of raw materials will be seasonal, which increases the cost of raw materials, impacting the mango butter market growth. This results in the high price of the final product, which turns the customers to think about purchasing leading to decrease in the mango butter market demand. The overuse of the mango butter may cause redness and irritation on the skin, which hampers the mango butter market growth.

COVID-19 Impact on the Mango Butter Market

The sales of the cosmetic industry were affected due to the pandemic. The manufacturing and production units were all shut down due to lockdown regulations. The decrease in labor count and interruption in supply and distribution have negatively impacted the mango butter market size. The supply was disrupted due to lockdown which stopped supply of raw materials to manufacturers and final products for distributors. The cultivation and harvest of the seasonal fruits during lockdown was a challenge. This availability of raw materials led to an increase in the price of the raw material, which affected the price of the final product and decreased the mango butter market value. The pandemic impacted many people's income, which changed their lifestyle, indirectly affecting the cosmetics and beauty products market. As the mango butter was expensive, the sales during the pandemic were challenging for manufacturers. The import and export had become challenging due to the pandemic, which brought massive changes in sales. COVID has impacted negatively on the mango butter market growth during lockdown.

Key developments in the Mango Butter Market

• In January 2022, a body butter was launched by the brand Kopari. The product's active ingredients are restoring pear flower extract, moisture-retaining hyaluronic acid, vitamin B5, soothing mango butter, and hydrating coconut oil. The product features a decent aroma and good texture, allowing the skin to hydrate and act as a good moisturizer.

• In January 2022, a limited edition of multipurpose balm from the Vancouver brand Okoko Cosmetics was launched. The balm consists of mango butter, coconut oil, Acai oil, and a blend of camomile calendula to soothe and moisturize skin. It was a local non-profit sale that helps women and youth living in poverty.

Mango Butter Market Segmentation

By Type

• Refined

• Unrefined

The Refined segment has the dominant share in the mango butter market. The refined mango butter was a pure compound that was free of impurities. The skin care products and pharmaceuticals only use the purified form as the impurities may lead to contamination of the final product. Using contaminated products leads to skin irritations and even worsens the condition.

The unrefined mango butter was used in making soaps as it had unsaponifiable matter, which is essential for preparing soaps with moisturizing. After filtration and treatment, the refined was unrefined. The unrefined mango butter was expected to have demand for the mango butter market growth in the forecast period of 2023 to 2028.

By Nature

• Organic 

• Conventional

The organic nature segment will have the highest demand in the mango butter market value in 2022. People prefer organic products to conventional ones. Even in cosmetics and beauty products, people adapt to organic nature compounds irrespective of price. The demand for organic mango butter was high in Europe. The plant-based ingredients like lipids/fats, fruit kernels of shea, and mango are gaining traction in the pharmaceutical and cosmetic industries. The organic nature segment was projected to expand with a greater CAGR of 5.8% in the forecast period. The conventional nature material was used as adulteration, which saves the money for the manufacturer.

By Application

• Cosmetics

• Food

• Pharmaceuticals

The cosmetics segment held the most significant demand in the mango butter market in 2022. The increase in interest of people regarding beauty and skincare was making the cosmetics segment rise with the most significant market share in the forecast period of 2023 to 2028. The soothing effect, prevention of skin from UV radiations, and dry skin treatment are the best benefits of mango butter on the skin. These factors drive the cosmetic industry to gain value in the mango butter market. The mango butter was also used as a base for the manufacturing of perfumes, which influenced the mango butter market demand.

The pharmaceuticals are also gaining traction due to the therapeutical properties of the mango butter. It treated dermatological conditions such as eczema, psoriasis, and fungal infections. Due to these advantages, mango butter was being drawn into pharmaceuticals, which was projected to grow with the highest growth rate in the forecast period. The Food industry was also prompting the mango butter market growth as the mango butter was edible; it was used as a flavoring agent in many cuisines and can be replaced by cocoa butter.

Mango Butter Market Regional Analysis:

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East and Africa

The North American region had the largest share in mango butter, with 37% of the overall market in 2022. Adopting modernization, where skincare had become an important concern for the people, drove the increase in mango butter market demand. The online platforms are readily available for product purchase, which enhances the market growth.

The Europe and Asia-Pacific regions stand with the second highest demand in the mango butter market value. These countries are expected to increase the demand for the mango butter market in the forecast period. The Asia-Pacific region was projected to show various growth opportunities in the forecast period, as it was expected to grow with a CAGR of 6%. The mango butter works for the aging process, which was set to trend in the Asian regions by increasing the product demand.

Mango Butter Market Key Players

1. Alzo International

2. Jarchem Industries

3. Natural Pigments

4. Australian Chemical Suppliers

5. All Organic Treasures GMBH (AOT)

6. Manorama Industries Limited

7. Avi Naturals

8. Hallstar BIOCHIMICA

9. Madina Industrial Corporation

10. Natural Sourcing, LLC