The Asia-pacific mango market is expected to reach a value of USD 9,120.39 million by 2030, at CAGR of 5.0% a during the forecast period. The unique taste of Alphonso makes it popular among consumers.
The Asia-Pacific mango market is driven by increasing demand for fresh and processed mango products, growing urbanization and disposable incomes, rising health awareness, and favorable government policies. The major producing and exporting countries in the region include India, China, Thailand, and the Philippines. The market is characterized by intense competition, with players adopting various strategies such as product innovation, diversification, and mergers and acquisitions to gain a competitive edge. However, challenges such as climate change, pests and diseases, and logistics and infrastructure issues remain key concerns for the industry.
The situation in the worldwide mango market is now pretty tranquil. Although supply is low, demand Mango is a tropical fruit that originated from the Southern Asia region. The fruit is high in vitamins and nutrients and a rich source of vitamins A and C. The fruit is consumed all over the world in fresh, frozen as well as processed forms. Manufacturers will use it to make confectionary and processed food items.
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Some major players operating in the mango market are:
Devgadmango, Ratnagiri Alphonso Mango, Tropical Green Company, Dole Plc, Jayanthagrofarms, Mithuna Foods, Verde Fruits Company LLC, Muthalamada Mangoes, Freshmax Group, Delina Inc., All Seasons Fresh Produce, New Limeco, LLC, Coast Citrus, Premier Fresh Australia and Piñata Farms Operations Pty Ltd among others.
Asia-Pacific Mango Market Dynamics
Drivers
Growth in the beverage industry
The major factor likely to support the growth of the Asia-Pacific mango market is the increased product demand from the beverage industry in the upcoming years. Various large-scale food and beverage producers have introduced products based on mango into the market, such as Starbucks, McDonald’s and PepsiCo, among others. These brands largely use fruit extracts and purees in their smoothies and drinks. These drinks are in great demand among consumers, likely to leverage the mango market in the future positively.
High demand for mango puree owing to growing awareness regarding the use of organic products
Mango puree, often called mango pulp, is a smooth and thick product processed so that the insoluble fibrous parts of the ripe mangoes are broken up. It retains all fruit juice and a huge portion of the fibrous matter naturally, which is found naturally in raw fruit. Organic mango puree is in higher demand by consumers due to growing awareness regarding the usage of organic products. Mango puree is prepared from selected varieties of fresh mango fruit.
Opportunity
Increase in government initiatives to create awareness regarding healthy eating habits
Mangoes offer plenty of health benefits as they contain vitamin C, an immune-boosting antioxidant that helps fight cancer and other diseases and complications. Mangoes help keep eyes and skin looking healthy as they contain vitamin A and keep the digestive system in good health by providing plenty of fiber. Moreover, mangoes contain potassium, which helps to regulate blood pressure.
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Post-COVID-19 Impact on Asia-Pacific Mango Market
COVID-19 has affected the market to some extent. Due to the lockdown, the trade of mangoes worldwide was severely affected due to quarantine measures, influencing the market. Due to the change in many mandates and regulations, manufacturers can design and launch new products, which will help the market’s growth.
Asia-Pacific Mango Market Scope
Variety
- Alphonso
- Kesar
- Dashehari
- Banganapali (badami)
- Neelum
- Totapuri
- Others
Packaging Size
- Less than 4 kg
- 4kg to 8 kg
- More than 8kg
Application
- B2B
- B2C
Distribution Channel
- Online
- Offline
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