The global mango seed oil market is expected to gain significant traction over the forecast period owing to increasing demand for natural and organic ingredients in skin care and hair care products. Mango seed oil, extracted from the kernels/seeds of mangoes, is a rich source of fatty acids like oleic acid and sterols that offer natural moisturization for the skin and hair. It is commonly used in products like skin lotions, creams, hair oils, shampoos and conditioners due to its light texture and high nourishment content.
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.
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. Increasing consumer demand for natural cosmetic ingredients presents significant growth opportunities for mango seed oil suppliers. Leading companies are focusing on expanding their production and distribution networks across Asia Pacific, North America, Europe and Latin America to leverage the untapped export potential of mango seed oil from Asian countries like India and Thailand.
Market Drivers
The key driver supporting the Mango Seed Oil Market Share includes rising health consciousness and awareness about the skincare benefits of natural oils. Mango seed oil is a rich source of antioxidants and vitamins that help reduce signs of aging, improve skin texture and treat skin conditions like acne and eczema. Additionally, the organic and non-GMO status of mango seed oil along with its light emolliating properties make it suitable for all skin and hair types, further enhancing its popularity in both mass and premium cosmetic products.
PEST Analysis
Political: The mango seed oil market is influenced by government policies and regulations around fruit production and harvesting in key producing countries. Any changes in trade policies could affect market dynamics.
Economic: Global economic growth drives overall demand for food products. Changes in consumer spending habits influence demand for specialty ingredients like mango seed oil.
Social: Consumer preferences for natural ingredients and awareness of the health benefits of mango seed oil promote market growth. Rising health consciousness favors products containing mango seed oil.
Technological: Advancements in extraction techniques help improve Mango Seed Oil Market Challenges And Opportunities yields and lower production costs. New applications in cosmetics and personal care products support market expansion.
South Asia is a key region for the mango seed oil market in terms of value, led by India, the world's largest mango producer. Mexico and Brazil are also major producers and exporting countries for mango seed oil.
East Asia represents the fastest growing regional market for mango seed oil. Increasing health awareness and expanding uses in skin and hair care products are driving stronger demand in countries like China, Japan and South Korea.
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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