Europe Mango Market is Anticipated to Grow at a CAGR of 4.8% During Forecast year 2023 to 2030
The Europe mango market is anticipated to grow at a CAGR of 4.8% from 2023 to 2030, reaching a value of USD 5,470.02 million. The mango market report also contains all the market-influencing factors that were taken into consideration, carefully examined, confirmed through primary research, and evaluated to obtain the final quantitative and qualitative data.
Tropical fruit known as the mango first appeared in Southern Asia. The fruit is a good source of vitamins A and C and is abundant in vitamins and minerals. Fresh, frozen, and processed versions of the fruit are all consumed worldwide. It will be used by producers to create processed foods and confections.
Different varieties of mango are present in the market. The fruit is a rich source of nutrients and vitamins and is widely consumed in fresh, frozen and canned forms. The increasing applications of mango in the beverage industry and processing and confectionery items are expected to drive the demand for the Europe mango market. However, seasonal availability and high pest and disease attack may hamper the market growth.
Some major players operating in the Europe mango market are:
Ratnagiri Alphonso Mango,
Tropical Green Company, Dole Plc,
All Seasons Fresh Produce,
Premier Fresh Australia and Piñata Farms Operations Pty Ltd among others.
Europe Mango Market Dynamics
Growth in the beverage industry
The major factor likely to support the growth of the Europe mango market is the increased product demand from the beverage industry in the upcoming years. Various large-scale food and beverage producers have introduced products based on mango into the market, such as Starbucks, McDonald’s and PepsiCo, among others. These brands largely use fruit extracts and purees in their smoothies and drinks. These drinks are in great demand among consumers, likely to leverage the mango market in the future positively.
The popularity of mango-based drinks can be attributed to many factors such as ‘the great Indian mango fetish’ which is largely driving it, the joy, passion and excitement of mango, celebrating or enjoying the first set of mangoes for the season and availability of mango fruit for a limited period or is seasonal, which makes it even more desirable among many others.
the natural flavor and aroma of the fruit are retained in the final products. Various large-scale food producers have introduced products based on mango puree into the market.
Increase in government initiatives to create awareness regarding healthy eating habits
Mangoes offer plenty of health benefits as they contain vitamin C, an immune-boosting antioxidant that helps fight cancer and other diseases and complications. Mangoes help keep eyes and skin looking healthy as they contain vitamin A and keep the digestive system in good health by providing plenty of fiber.
Moreover, mangoes contain potassium, which helps to regulate blood pressure. After looking after these benefits, various governments have taken many initiatives to create awareness among consumers for healthy eating habits, which is expected to create a host of opportunities for the Europe mango market.
Post-COVID-19 Impact on Europe Mango Market
COVID-19 has affected the market to some extent. Due to the lockdown, the trade of mangoes worldwide was severely affected due to quarantine measures, influencing the market. Due to the change in many mandates and regulations, manufacturers can design and launch new products, which will help the market’s growth.
Competitive Landscape and Mango Market Share Analysis
The mango market competitive landscape provides details of the competitor. Details include company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points are only related to the companies focusing on the mango market.