African Mango Seed Extract Market Outlook
According to a new report by Expert Market Research titled, “African Mango Seed Extract Market Size, Share, Analysis, Report and Forecast 2024-2032″, the global African mango seed extract market is projected to grow at a CAGR of 3.30% between 2024 and 2032. Aided by rising number of health-conscious customers and growing demand for foods with natural ingredients, the market is expected to grow significantly by 2032.
African mango seed extract, scientifically known as Irvingia gabonensis, is a natural extract derived from the seeds of the African mango tree. It is traditionally used as a remedy for various health conditions and has gained recent popularity as a weight loss supplement. The extract is known for its potential ability to help reduce body fat, lower cholesterol levels, and improve blood sugar control, making it a sought-after natural supplement in the health and wellness industry.
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The increasing global focus on health and wellness is significantly driving the African mango seed extract market growth. With the surge in lifestyle diseases such as obesity and diabetes, there is a growing consumer preference for natural and effective solutions. African mango seed extract has emerged as a popular choice due to its purported ability to support weight loss and promote metabolic health.
Furthermore, the booming global wellness industry, characterised by consumers’ willingness to invest in preventive health and natural products, contributes to the escalating African mango seed extract market demand. The ongoing trend of clean-label products, where consumers are keen on ingredients that are natural, organic, and devoid of artificial additives, is another factor bolstering the demand for this extract.
Beyond the health supplement sector, African mango seed extract has found applications in the cosmetic industry. Known for its rich antioxidant content, it is increasingly being incorporated into skincare products. The extract is believed to possess anti-aging properties and is used in various skincare products to improve skin’s elasticity and reduce the appearance of fine lines and wrinkles.
Moreover, African mango seed extract is gaining traction in the food and beverage industry as a natural flavour enhancer and potential thickening agent. Its subtly sweet and nutty flavour makes it a versatile addition to a range of products including smoothies, health bars, and baked goods.
The North American market holds a significant African mango seed extract market share, owing to the high awareness of the product and the strong presence of health and wellness culture in the region. The European market is also seeing robust growth, particularly in countries focused on natural and organic products.
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Emerging markets in Asia Pacific and Latin America are anticipated to display substantial growth during the forecast period, fuelled by increasing consumer health consciousness and rising disposable incomes.
However, as the demand for natural and clean-label products continues to surge, there are significant opportunities for African mango seed extract market players. Investing in robust clinical research and forming strategic partnerships with health and wellness influencers can be effective ways for companies to gain consumer trust and expand their market share.
African Mango Seed Extract Market Segmentation
The market can be divided based on nature, end use, and region.
Market Breakup by Nature
- Organic
- Conventional
Market Breakup by End Use
- Dietary Supplements
- Functional Food and Beverages
- Pharmaceuticals
- Cosmetics and Personal Care
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global African mango seed extract market. Some of the major players explored in the report by Expert Market Research are as follows:
- Z Natural Foods, LLC.
- Clover Nutrition Inc.
- Naturalin Bio-Resources Co., Ltd
- Others
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