The Mango Seed Oil market has witnessed significant growth over the past few years owing to its wide application in personal care, cooking and housecleaning products. Mango seed oil is extracted from the kernel of mango seeds through cold pressing. It is light yellow in color with a mild odor. Mango seed oil provides numerous health benefits such as moisturizing and calming inflamed skin, preventing aging, boosting hair growth and reducing hair damage. It is also used as a carrier oil in aromatherapy due to its antioxidants and nourishment properties. Mango seed oil's high smoke point makes it suitable for deep frying and sautéing.
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, 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 growing awareness about the health benefits of mango seed oil as well as the rising demand for natural cosmetic products are fueling the market growth. Technological advancements in extraction processes have improved the quality and yield of mango seed oil.
Market Trends
Increasing Use in Cosmetics: Mango seed oil is widely used as a carrier oil in aromatherapy and natural cosmetic products due to its emollient properties. The growing preference for natural ingredients in cosmetics is creating opportunities for mango seed oil.
Rising Applications in Food Industry: Mango Seed Oil Market Demand on high smoke point makes it suitable for cooking purposes. It is increasingly used for frying snacks and deep-frying foods. Some restaurants are also exploring its use in salads and dressings.
Market Opportunities
Potential in Therapeutics: Mango seed oil shows potential therapeutic properties for treating skin diseases like eczema and psoriasis. Further research can help develop it as a viable treatment option.
Growth in Developing Markets: Regions like Asia Pacific and Latin America with established mango cultivation can offer opportunities for mango seed oil production. Developing markets have scope for greater popularity of mango seed oil driven products.
Impact of COVID-19 on Mango Seed Oil Market
The COVID-19 pandemic has significantly impacted the growth of the mango seed oil market globally. During the initial lockdown phase, the supply chains were disrupted due to restrictions on transportation which adversely affected the production and supply of mango seed oil. The demand also declined sharply from end-use industries such as personal care, food and beverage, and pharmaceuticals as their operations were suspended temporarily.
However, with increased awareness about the medicinal properties of mango seed oil in boosting immunity, its demand started recovering in the post-lockdown period. The rising health consciousness among consumers regarding use of natural ingredients for skin and hair care further supported the demand recovery. The manufacturers collaborated with online retailers and direct-to-consumer platforms to ensure continuity in supply and meet the growing e-commerce demand.
Moving ahead, the mango seed oil market is expected to witness steady growth trajectory. The relaxing of restrictions worldwide along with resumption of operations in end-use industries will further accelerate demand. Manufacturers are focusing on capacity expansions and innovations in product offerings to cater to evolving consumer preferences for natural and herbal extracts. Ongoing research also indicates potential of mango seed oil in developing clinical therapeutics which can open new growt
Geographical Regions with High Concentration in Mango Seed Oil Market
The Asia Pacific region accounts for the largest share in the global mango seed oil market in terms of value. This is majorly attributed to countries like India, Thailand, Indonesia and Philippines which are the top producers as well as consumers of mango seed oil globally. Availability of raw materials and traditional usage of mango seed oil as cooking oil base and in Ayurvedic/herbal medicines have propelled the market growth.
Europe is also among the major consumers for mango seed oil, driven by increasing preference of natural cosmetic products across salons, spas and general households. Countries such as Germany, United Kingdom, France, Italy import mango seed oil from Asian countries and use it for manufacturing personal care items with moisturizing and anti-ageing benefits.
Fastest Growing Regional Market for Mango Seed Oil
According to Mango Seed Oil Market Regional Analysis,The North America region represents fastest for mango seed oil. Improving living standards, aggressive marketing campaigns by skin/hair care brands, growing health and wellness trend are some major factors driving higher consumption. Especially in the US, presence of sizeable Asian American population has boosted the demand from households.
Manufacturers in the region are innovating new product forms like mango seed oil infused face masks, serums and face creams to cater to modern lifestyles. Rising inclination towards nourishing natural solutions with minimal chemicals is promoting trial amongst young adults as well as millennial population in the region.
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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)