The Mango Global Market Report 2023 by The Business Research Company, provides mango market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Mango Global Market Report 2023, the global mango market size is expected to grow from $60.52 billion in 2022 to $63.79 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global mango market size is expected to reach $8.84 billion in 2027 at a CAGR of 7.1%.
The rapid growth in e-commerce supports the growth of the mango market. E-commerce is the process of exchange of money and data for the purpose of transacting business through the internet. E-commerce stores offer a wide range of groceries, fruits, vegetables, and farm produce. The produce goes through high standards of quality control and testing in terms of shelf life, grade, packing materials and organic characteristics.
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The mango market is segmented:
1) By Type: Whole Fruit, Mango Pulp And Puree, Processed Mango Products
2) By Nature: Conventional, Organic
3) By Packaging Type: Bag, Pouches, Tray, Box, Other Packaging Types
4) By Distribution Channel: Direct, Indirect
5) By End User: Household, Food And Beverages Industry, Food Service Provider, Other End Users
The introduction of multi-purpose processing machines has been a major trend for the mango processing market worldwide. Historically, accessible processing machines have been used for a single purpose alone (pulverising, mixing, steaming, pressure-cooking, and juice/oil/gel extraction), but no equipment can accomplish all of the aforementioned operations on its own. Extraction of juice/pulp from various edible fruits is required for the production of juices and other goods (sauces, puree, ketchup, gel etc.). Extraction of juice, pulp, essential oils, and essence from non-edible fruits with therapeutic benefits is also a key supply of raw material for the Food Processing Industry, and machinery is required to extract juice and other components from the fruits. A multipurpose processing machine is a portable device that can process a wide range of herbal plants and fruits. It also functions as a large pressure cooker with temperature control and auto shut-off. It also has a condensation mechanism for extracting essence and extracts. MPP machines employ a single-phase motor and are effective for processing a variety of fruits, herbs, and seeds. The machine is extremely simple to use and can be controlled without many instructions. It is portable and may be simply carried to the raw material processing location. In September 2022, ZTi Smart Machines, a Dutch manufacturer of fruit and vegetable processing equipment, used their technology and innovation results in machinery that lowers human repetitious effort and makes operations easier, safer, more sustainable, efficient, and cost effective. This procedure is fairly rapid, with the machine capable of processing up to 20 mangoes each minute.
The mango market report table of contents includes:
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