The global mango seed oil and butter market is anticipated to grow at a significant CAGR of 8.9% during the forecast period. Along with skin care and cosmetic products, mango butter has a wide range of application in the hair care sector which is further driving the growth of this market. As mango butter is highly enriched with vitamins and minerals, it aids in nourishing the scalp, treats dandruff and hair problems, promotes hair growth, reduce breakage and dryness. Dandruff caused due to drying of scalp is a very common issue worldwide. Mango seed oil is highly recommended and suitable option to treat dandruff and other hair-related problems. Due to this reason, major hair care products manufacturers have started using mango oil in their products such as shampoos and conditioners. For instance, in 2021, Ayursetu announced the launch of XQUISIT, a range of Herbal Personal Care products. XQUISIT will have a complete herbal range of personal care products and the initial launch is the Herbal Haircare range. Under its Herbal Haircare range, the company will offer Shampoo, Conditioner, Hair mask and Serum in three major variants: argan & keratin, biotin & collagen, and mango seed buttermilk.

Impact of COVID-19 Pandemic on Global Mango Seed Oil and Butter Market

Lockdowns across the globe during COVID-19 pandemic disrupted the supply chain, pricing, competition, and consumer preferences which highly impacted and posed challenges for the Mango Seed Oil and Butter market. COVID-19 changed the consumer buying pattern and have made consumer conservative as a result it impacted the overall cosmetic industry leading to decline in spending for non-essentials products. However, the fast pace recovery of developing economies in coming years will lead to increased disposable income and will support the Mango Seed Oil and Butter market demand

Segmental Outlook 

The global Mango Seed OIL And Butter market is segmented based on the type and application. Based on the type, the market is segmented into cold-pressed mango seed oil and butter, expeller-pressed mango seed oil and butter. Based on the application, the market is sub-segmented into the food, pharmaceutical, cosmetics & personal care. The above-mentioned segments can be customized as per the requirements.

Global Mango Seed Oil and Butter Market Share by Application, 2021 (%) 

The Cosmetics & Personal Care Segment is Expected to Hold the Prominent Share in the Global Mango Seed Oil and Butter Market

One of the major factors that is driving to the growth of the mango seed oil and butter market is its use as a cosmetic and personal care ingredient. Shifting consumer preference towards natural ingredients over artificial ingredients due to their negative effect on the skin is increasing the use of natural ingredients such as mango seed oil and butter in cosmetic industry. In personal care industry mango butter is majorly used for dry & itchy skin, treatment of rashes, sunburn, wounds & cracks, eczema & dermatitis. Additionally, it is also used in production of skin care products including lotion, creams, soaps, balms, body butters, lip balms, dermatologic products, and as a replacement of cocoa butter and shea butter. These oils are becoming popular due to their natural and beneficial effects on the skin which is why they are being increasingly incorporated in several skincare formulations and moisturizers. Skincare and Beauty product manufacturers have started promoting their product ranges by using the mango seed oil and butter in the list of ingredients, which is strongly augmenting the growth of the market. For instance, in 2021, Kiro, a cosmetic brand has launched on beauty platform Purplle to expand its distribution network and reach a new demographic of customers. Kiro launched a range of its offering on Purplle’s online platform that includes lipsticks, eyeliners, lipglosses, highlighters, and blushes and others. The brand’s products are infused with ingredients and supplements including mango seed, shea butter, vitamin C, rose hip oil, vitamin E, and marula oil. 

Regional Outlooks

The global mango seed oil and butter market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America).  The market can be analyzed for region or country level as per the requirement.

Global Mango Seed Oil and Butter Market Growth, by Region 2022-2028 

The Asia-Pacific Region is Anticipated to Holds a Considerable Share in the Global Mango Seed Oil and Butter Market

The Asia-Pacific Region is anticipated hold a prominent share in global mango seed oil and butter market due to abundance of mango fruit in this region. Mango kernels oil manufacturers across the globe rely on and source mango from thousands of villages in the Central states of India. For instance, Manorama Industries, who owns a factory in Raipur, Chhattisgarh specializes in producing tropical specialty fats and butters including sal, mango kernel, dhupa and others. The Body Shop, a British cosmetic, skin care and perfume company work with Manorama Industries in Chhattisgarh, India to source its community fair trade mango seed oil for its Mango fragrance and body care range which includes mango body mist, mango shower gel, mango softening body butter, mango exfoliating body scrub.

Market Players Outlook

The major companies serving the global mango seed oil and butter market include AG Industries, All Organic Treasures GmbH, Bramble Berry Inc., Jarchem Innovative Ingredients LLC, Natural Sourcing, LLC., and others.  The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in 2021, Bounce Curl announced through its website the launch of its product Defining Butta. Bounce Curl Defining Butta is a hair moisturizer packed with natural emollients. The formulation comprises multiple natural oils and butter including sunflower oil, baobab seed oil, shea butter, castor oil, mango seed butter, biotin, and others 

The Report Covers

• Market value data analysis of 2021and forecast to 2028
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global mango seed oil and butter market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.