Mango Seeds Oil Market Trends and Forecast
The future of the global mango seeds oil market looks promising with opportunities in the skin care product and hair care product markets. The global mango seeds oil market is expected to grow with a CAGR of 8.5% from 2024 to 2030. The major drivers for this market are rising consumer preference for natural and organic skincare products and growing demand in the cosmetics & personal care industry.
• Lucintel forecasts that oil is expected to witness higher growth over the forecast period.
• Within this market, skin care product is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Mango Seeds Oil Market
• India: Manorama Industries announced plans to increase mango seed oil production by 20% to meet rising domestic and international demand.
• Brazil: The government launched an initiative to support sustainable mango seed oil extraction practices, aiming to boost export potential.
• USA: A cosmetic company, SheaMoisture, introduced a new product line featuring mango seed oil, targeting the organic skincare market.
• South Africa: Local startup Marula Beauty secured funding to expand mango seed oil processing facilities, enhancing production capacity and job creation.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Mango Seeds Oil Market by Segment
The study includes a forecast for the global mango seeds oil market by type, application, and region.
Mango Seeds Oil Market by Type [Value from 2018 to 2030]:
• Oil
• Waxy
Mango Seeds Oil Market by Application [Value from 2018 to 2030]:
• Skin Care Products
• Hair Care Products
• Others
Mango Seeds Oil Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Mango Seeds Oil Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies mango seeds oil companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the mango seeds oil companies profiled in this report include-
• BioOrganic Concepts
• Hallstar
• ICSC International Cosmetic Science Centre
• Dow
• A&A Fratelli Parodi
• AAK
• Jeen International
Recent Development in the Mango Seeds Oil Market
• L’Oréal: L’Oréal announced the inclusion of mango seed oil in its new line of hair care products, highlighting its moisturizing and restorative properties. This initiative is part of the companyÄX%$%Xs strategy to incorporate more natural ingredients in its formulations.
• Aromantic Ltd.: Aromantic Ltd. introduced a new range of cosmetic formulations based on mango seed oil, targeting niche markets within Europe. These products emphasize the oilÄX%$%Xs benefits for skin and hair health.
• The Body Shop: The Body Shop has expanded its product line to include body butters and lotions made with mango seed oil. This expansion is aimed at capitalizing on the increasing consumer interest in exotic and natural ingredients.
• Natural Sourcing, LLC: Natural Sourcing, LLC announced a strategic partnership with local farmers in Africa to secure a steady supply of high-quality mango seed oil, supporting both sustainable practices and fair trade.
• Earthoil Plantations: Earthoil Plantations has focused on improving the extraction and processing technologies for mango seed oil to enhance yield and quality. This initiative aims to meet the rising demand from the cosmetics and personal care industry.
Features of the Global Mango Seeds Oil Market
Market Size Estimates: Mango seeds oil market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Mango seeds oil market size by type, application, and region in terms of value ($B).
Regional Analysis: Mango seeds oil market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the mango seeds oil market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the mango seeds oil market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for mango seeds oil market?
Answer: The global mango seeds oil market is expected to grow with a CAGR of 8.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the mango seeds oil market?
Answer: The major drivers for this market are rising consumer preference for natural and organic skincare products and growing demand in the cosmetics & personal care industry.
Q3. What are the major segments for mango seeds oil market?
Answer: The future of the mango seeds oil market looks promising with opportunities in the skin care product and hair care product markets.
Q4. Who are the key mango seeds oil market companies?
Answer: Some of the key mango seeds oil companies are as follows:
• BioOrganic Concepts
• Hallstar
• ICSC International Cosmetic Science Centre
• Dow
• A&A Fratelli Parodi
• AAK
• Jeen International
Q5. Which mango seeds oil market segment will be the largest in future?
Answer: Lucintel forecasts that oil is expected to witness higher growth over the forecast period.
Q6. In mango seeds oil market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the mango seeds oil market by type (oil and waxy), application (skin care products, hair care products, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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