Mango seed oil is extracted from the kernels or seeds of mangoes through a cold pressing process. It is a rich source of dietary antioxidants, fatty acids, and vitamins that benefit skin and hair. With consumers becoming more aware of the health benefits of natural ingredients, mango seed oil has gained popularity as an ingredient in cosmetic and food products.
The global mango seed oil market is estimated to be valued at USD 237.9 Mn in 2024 and is expected to reach USD 387.1 Mn by 2031, growing at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
The Global mango seed oil market is driven by the multi-functional nature of the product. Mango seed oil contains high levels of essential fatty acids such as oleic acid and linoleic acid that protect skin from free radical damage. It also possesses exceptional emollient properties that help maintain skin elasticity and prevent dryness. As a nutritional oil, mango seed oil offers various health benefits. It helps reduce risk of cardiovascular diseases due to presence of heart-friendly monounsaturated fatty acids. Growing consciousness among consumers about ingredients in personal care products and nutrition-rich edible oils is augmenting demand for mango seed oil worldwide.
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, McCain Foods, Kraft Heinz Company, General Mills, Conagra Brands, B&G Foods, Pinnacle Foods, Tropicana Products, Green Giant, Del Monte Foods, Euro Foods Industries, Maxcor Agro And Allieds, and Caradora Health Solutions. The leading companies are focusing on strategic partnerships and new product launches to cater to the growing demand.
The key opportunities in the Mango Seed Oil Market Demand include new product launches that cater to the evolving needs of the beauty and wellness industry. As consumer preferences shift towards natural, multifunctional ingredients, innovative formulations are being developed to meet these demands. Furthermore, ongoing research into the additional health benefits of mango seed oil, such as its potential anti-inflammatory and antioxidant properties, will further support market growth. Additionally, technological advancements in extraction methods are enabling higher yields and the production of naturally sourced, high-quality oils, which are vital for meeting the increasing demand in the market.
Market Drivers
Growing demand for organic personal care and cosmetic products without harmful chemicals is a major driver for mango seed oil market. Additionally, rising health consciousness has augmented demand for nutritional cooking oils. Mango seed oil is preferred for its stable nature during cooking processes at higher temperatures. Ease of availability through e-commerce and retail platforms also aids the market growth.
Current Challenges in Mango Seed Oil Market
The mango seed oil market is at a nascent stage and has high growth potential in coming years. However, there are few challenges being faced by players in this market. Producing mango seed oil at large commercial scales is challenging as the seed kernels contain very less oil. It requires processing of huge amount of mango seeds to extract small quantity of oil. Secondly, availability of quality mango seeds is limited to mango harvesting seasons. Storing mango seeds for off-season oil extraction needs specialized facilities and management. Thirdly, awareness about benefits of mango seed oil among consumers is still low. Educating markets and promoting new applications will require investments in marketing and research & development activities.
SWOT Analysis
Strength: High stability and non-toxic nature of mango seed oil makes it suitable for various uses. It is a by-product of mango processing industry so availability of raw material is assured.
Weakness: Small scale production leads to high costs. Technology for large scale commercial extraction is still at a developing stage.
Opportunity: Increasing demand for natural personal care products provides new areas of application. Developing new extraction methods can help scale up production and lower costs.
Threats: Competition from other niche oils extracted from fruits/seeds limits market share. Environmental regulations around large scale agricultural/industrial activities.
Geographical Regions of Concentration
In terms of value, the mango seed oil market in Asia Pacific region dominates currently due to large scale mango cultivation and processing in countries like India, China, Thailand etc. India alone accounts for over 50% of global mango production and thus availability of raw material is highest. countries in North America and Europe currently import and consume mango seed oil mainly for cosmetic applications.
Fastest Growing Geographical Region
The mango seed oil market in Latin America region is expected to witness fastest growth during forecast period due to increasing mango production as well as rising demand for natural cosmetic and personal care products. Nations like Brazil, Peru, Mexico etc have emerged as major mango exporters globally with cultivation areas expanding rapidly. This ensures sustained availability of mango seeds as by-product to local seed oil processors and manufacturers.
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About Author:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
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