Mango Puree Market: Beverages End Use Segment to Hold More Than Half the Global Market Share Throughout the Forecast Period: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)
- REP-GB-5695
- 2017-12-04
- 258 Pages
- Format:
- Category: Food and Beverages
Beverages segment holds the maximum share in the global mango puree market
The global mango puree market is expected to experience significant growth in the coming years. This growth is influenced mostly with the demands from the beverages segment. The market for tropical fruit purees is growing, and this is backed by the fact that large-scale manufacturers are entering the market with their puree-based products especially in regions such as U.S. and Europe. Mango based smoothies have witnessed a boom in the recent past. McDonalds and Starbucks have reported wide use of fruit purees in the form of smoothies. Yoghurt segment is yet another attractive market for mango puree suppliers. There is a high consumption rate of yoghurt in different fruit flavours in the Central European region, Australia, and New Zealand. Mango puree, being a prime ingredient of mango yoghurt, is driving its demand in these regions. With the rise in demand, there’s also a rise in demand for mango and mango puree products suppliers. These suppliers need to have an efficient production capacity. This will also help them better channelize such markets with high demand.
According to the research report, the beverages segment of the global mango puree market is expected to reach a market value of over US$ 1,100 Mn in 2027, growing at a CAGR of 7.2%. However, the ice cream and yogurt segment is ahead in terms of CAGR, with the highest CAGR of 7.8% during the forecast period.
Worldwide rise in the demand for mango products to be hindered by increase in regulations
Mangoes that were prior seen as a fascinating natural product in the west yet have now turned into a standard organic product. Because of the simple accessibility of new mangoes in the U.S. market, the purchasers have turned out to be constant to mango flavour and taste and consequently, other mango items have likewise picked up fame among customers. Aside from basic supply retailers, numerous food chain owners are additionally injecting mango pulps in their formulas, similar to servings of mixed greens and refreshments, with other customary organic products. Additionally, considering mango pulp’s wide extent of utilisation in commercial food and snacks is an additional factor that is fuelling the development of the mango pulp market in the U.S.
However the market growth is expected to experience some hindrance in terms of regulations. FDI policies and regulations are much stricter in most Asian countries such as China, Korea, and Indonesia. Hence, foreign players, in the view of investing or establishing their base in these regions, would find it difficult to work here. Companies may have to cater to many regulations and policies to invest in most Asian countries. Also, there is an increase in the logistics and transportation costs. Countries like India, being a prime exporter of mangoes, face logistical problems like transportation costs, which turns out to be an expensive affair because of the cost of shipping from one place to another.
A description of the report
Future Market Insights has come up with a new research report on the global mango puree market titled ‘Mango Puree Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017–2027).’ The report is a systematic approach towards market analysis and presentation of the outcomes that is easy to understand for the readers or the businesses that are looking for opportunities to excel in the business.
The major part of the report is covered by key dynamics like drivers that are driving the growth of market, trends that are governing the business and also the restraints that are limiting the business growth. Along with this the report also highlights the most lucrative segments of the market with the help of market valuation for the forecast period, pricing analysis, Y-o-Y growth rate and its comparative study. To give the report a systematic flow, the report structure begins with the basic definition of the market that helps the reader develop a strong base for the market understanding. It is followed by market segmentation along with dynamics, separate analysis for each segment, competitive scenario etc. This structure gives this research a completeness that solves every query readers may have related to this market.
Segmentation of the global mango puree market
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By Source |
By End Use |
By Region |
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Know your competitors and their complete business
A major part of the report covers the competitive analysis of the global mango puree market. It provides information on all the major players of the market that are leading and having a maximum hold over the global market. The profiles of these companies consists of the company overview, their Y-o-Y revenue growth, their strategies for the future and also current market developments. This helps the readers know how the current market players are operating and what is helping them stand out of the crowd. It also helps the new entrants to understand the business strategies and compete efficiently among the companies that are already having a strong hold over the market.
A method of research that articulates accurate results
To give the best results, FMI has conducted an extensive research with the help of industry experts and analysts who have studied the market in depth. These analysts have first focussed on the data collection by secondary research that includes identification of industry players, market size, distributors, manufacturers, products etc. This is followed by a detailed interview guide that is used to interview industry experts. The guide helps incorporate all the questions from different areas, about which the information is needed. Then, the interviews are conducted where industry experts give the key insights to the market which adds a great deal of value to the information provided in this comprehensive research report. Additional data is also gathered from company websites, annual reports, white papers etc. All the data gathered from various sources is validated using the triangulation method to ensure its accuracy.