MANGO SEED OIL MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Regional Analysis

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North America has emerged as the dominating global region in the mango seed oil market. The region is expected to hold 36.7% of the market share in 2024, owing to the strong growth of specialty personal care and cosmetic products industries in the U.S. Health-conscious consumers are increasingly opting for natural and organic ingredients in their daily grooming regimes and mango seed oil fits well due to its numerous anti-aging and moisturizing properties. The presence of numerous cosmetics brands and retailers in America provides easy availability and visibility to mango seed oil-based products. Furthermore, imports of raw mango seeds and oil have increased steadily over the past five years to support growing demand. America is also a net exporter of value-added mango seed oil products to markets in Europe and Asia Pacific, establishing itself as global price leaders. Domestic production in western hemisphere countries like Mexico and Peru also caters to a significant part of North American requirement through cost-effective land and sea transportation routes.

Within Europe, France has cemented its position as the fastest growing regional market for mango seed oil. This can be attributed to increasing popularity of natural cosmetic brands from France worldwide. Furthermore, the focus of French cosmetic science on novel and exotic ingredients has enabled the local industry to introduce differentiated mango seed oil based products. France is also a major import/re-export hub for mango seed oil catering to huge European demand. In addition, Europe's stringent regulations ensure the quality and authenticity of imported mango seed oil and derivatives. Retail penetration in France and other major European economies has further boosted easy access and affordability. Rising exports to Africa and the Middle East also present lucrative growth avenues for European industry players. The favorable regulatory environment and strong cosmetic industry ecosystem in places like France are effectively influencing it as the fastest growing region globally for mango seed oil market.