The global processed mango products market was valued at USD 5.3 billion in 2022 and is projected to expand at a CAGR of 7.0% from 2023 to 2030. Mango is one of the most popular fruits in the world and is widely consumed in both fresh and processed forms. Mango processing is a large industry with a wide range of products, such as juices, jams, jellies, purees, dried mango products, and others. Processed mango products are gaining popularity as they are convenient to store and transport, and are used as ingredients in various food products.

The rising demand for natural and organic products is driving the growth of the market. Consumers have become more aware of the health benefits of organic products and are increasingly opting for organic products. For instance, in March 2022, B Natural, an Indian food and beverage company, launched a range of organic mango products in India. The product range included organic mango juice and organic mango smoothie made from organic mangoes.

The increasing consumer demand for convenience food products, such as ready-to-eat and ready-to-cook snacks, is driving the demand for processed mango products. Processed mango products are being used as ingredients in various food products, such as sauces, pastes, toppings, and fillings. For instance, in October 2021, Jeevika Foods launched mango-based jams and jellies in India. The new range of products includes mango jam and mango jelly, which are made using natural ingredients.

The rising demand for functional food products is driving the growth of the market. Functional foods are gaining popularity due to their health benefits such as improved immunity, increased energy levels, and better digestion. For instance, in May 2021, B Natural launched a range of functional mango products in India. The product range includes mango juice and smoothie with added natural ingredients like ginger, turmeric, and aloe vera.

Furthermore, the increasing demand for shelf-stable products due to the rise in urbanization is driving the growth of the market. Shelf-stable products are gaining popularity as they have a longer shelf life and can be stored for a longer period of time. For instance, in August 2021, B Natural launched a range of shelf-stable mango products in India. The product range includes mango puree, mango concentrate, and mango cubes.

The canned mango segment accounted for the largest market share in 2021. The growth of this segment can be attributed to the increasing consumption of processed mango products across the globe. According to a survey conducted by the International Tropical Fruits Network, in July 2020, 80% of the respondents prefer canned mango products over other processed mango products. Furthermore, convenience and longer shelf life offered by canned mango products are some of the key factors driving the growth of this segment.

The frozen mango segment is expected to exhibit the fastest CAGR of 5.4% over the forecast period. Growing demand for frozen mango products, such as mango ice creams, ice pops, smoothies, and smoothie bowls, is driving the growth of this segment. According to an article published by the National Mango Board, in August 2020, frozen mango products are becoming increasingly popular among consumers due to their convenience and availability. In addition, increasing demand for frozen mango products from foodservice establishments is creating a positive outlook for the frozen mango segment.

The supermarkets and hypermarkets segment captured the major share of over 37.8% in 2022. Supermarkets and hypermarkets are witnessing increasing demand for processed mango products due to the rising trend of health-consciousness among customers. Processed mango products are available in a wide range of packaging, making them convenient to purchase. In addition, they are also attractive in terms of discounts and offers, which further encourage customers to buy them from supermarkets and hypermarkets. Furthermore, the presence of international brands on the shelves is driving customers to make purchasing decisions from these outlets.

The online segment is anticipated to expand at the highest CAGR of 13.8% over the forecast period. The increasing penetration of the internet and digitalization in emerging markets has encouraged vendors to launch their own websites and mobile applications. This has increased the availability of processed mango products online, including e-commerce platforms and brand websites. Furthermore, online retailers offer a wide range of processed mango products at discounted prices, along with convenience in payment options such as cash-on-delivery and digital wallets. This is further driving the growth of the online segment.

The fresh mango segment held the largest market share of 69.1% in 2020. The increasing demand for fresh mango products such as mango slices, cubes, and purees is attributed to the increasing awareness about the health benefits of consuming fresh mangoes. Moreover, the rising demand for processed mango products from various industries such as food & beverage and cosmetics is further driving the growth of the segment.

The frozen mango segment is expected to register the highest CAGR of 10.9% during the forecast period. The rising consumption of frozen mango products such as slices, cubes, purees, and others, due to their long-shelf life and convenience is expected to drive the growth of the segment. Furthermore, the increasing demand for frozen processed mango products from the food & beverage industry is also boosting the segment.

Europe is expected to be the largest market for processed mango products and accounted for over 29.5% of the global market share in 2022. The increasing demand for convenience foods among European consumers has been driving the growth of the processed mango products market in the region. In addition, the presence of several leading players, such as Del Monte Pacific Ltd, Döhler GmbH, and Granor Passievrucht, has further boosted the market demand.

Asia Pacific is expected to be the second-largest market for processed mango products and accounted for over 25.5% of the global market share in 2022. The growth in the region is mainly due to the increasing consumer preference for healthy, convenient, and natural food products. In addition, the presence of a large population, rising disposable incomes, and growing awareness regarding the benefits of processed mango products are some of the key factors driving the regional market.

In this part of the processed mango products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your processed mango products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions

The main source of revenues for a processed mango products business comes from the sale of mango products such as juices, jams, jellies, pickles, canned mango slices, and other processed mango products. Here you will find a list with a description of each of them and other possible sources of profit such as supplying mango products to wholesalers and retailers, export, and direct-to-consumer sales.

Projecting Expenses

In this section, all the regular expenses related to keeping the processed mango products business running will be described. The list of operating expenses includes raw material costs, production costs, wages, packaging materials, transportation costs, advertising, and others.

Some of the key companies operating in the processed mango products market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Del Monte Foods Inc. launched a range of mango-based products, including mango slices, mango cubes, mango puree, and mango chutney.

– In August 2022, Dole Food Company, Inc. launched a range of mango-based products, including mango juice, mango smoothies, and mango puree.

– In October 2022, ConAgra Foods Inc. launched a range of mango-based products, including mango juice, mango puree, and mango chutney.

Some of the prominent players in the processed mango products market include:

– Del Monte Foods Inc.
– Dole Food Company, Inc.
– ConAgra Foods Inc.
– Kraft Heinz Foods Company
– General Mills
– Nestle SA
– Unilever
– H.J. Heinz Company
– Chiquita Brands International, Inc.
– PepsiCo, Inc.

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global processed mango products market based on product type, distribution channel, type, and region:

1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)

– Juice and Concentrates
– Jam and Marmalade
– Dried Mangoes
– Frozen and Canned Mangoes
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Conventional
– Organic

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the primary drivers of the processed mango products market?
[A]: The primary drivers of the processed mango products market include the increasing demand for processed mango products from the food & beverage industry, the rising popularity of exotic flavors, and the growing demand for convenience food. In addition, the rising trend of veganism, health consciousness, and the increasing demand for organic food and beverages are expected to fuel the processed mango products market during the forecast period.

[Q]: What are the major types of processed mango products available?
[A]: The major types of processed mango products available include canned mango, frozen mango, mango puree, mango juice, mango nectar, mango concentrates, mango smoothies, mango jam, mango jelly, mango chutney, mango ice cream, mango syrups, mango desserts, and other processed mango products.

[Q]: What are the key regions of the processed mango products market?
[A]: The key regions of the processed mango products market include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is expected to lead the processed mango products market due to the increasing demand for mango products in the region.

[Q]: Who are the major players in the processed mango products market?
[A]: The major players in the processed mango products market include Del Monte Foods, Inc., Chiquita Brands International, Inc., Dole Food Company, Inc., The Coca-Cola Company, Welch Foods Inc., Sun Pacific, Hormel Foods Corporation, The Kraft Heinz Company, Unilever plc, and Azufrado Organic Foods.

[Q]: What are the key strategies adopted by the major players in the processed mango products market?
[A]: The key strategies adopted by the major players in the processed mango products market include product launches, partnerships, mergers & acquisitions, and expansions. For instance, in 2020, Del Monte Foods, Inc. launched a new line of mango smoothies. Additionally, in 2020, Unilever plc acquired Tazo, a tea and beverage brand, to expand its presence in the processed mango products market.