MANGOSTEEN MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Global mangosteen market is estimated to be valued at USD 382.2 Mn in 2024, exhibiting a CAGR of 4.9% over the forecast period (2024-2031). The global mangosteen market has been experiencing significant growth over the past few years owing to rising awareness about the various health benefits of mangosteen. Mangosteen is native to Southeast Asia and contains powerful antioxidants such as xanthones that help fight inflammation and boost immunity. Increasing research about anti-inflammatory and anti-cancer properties of mangosteen has resulted in rising demand globally.
Market Dynamics
The global mangosteen market growth is driven by various factors such as growing awareness about health benefits of mangosteen, wide applicability in food and pharmaceutical industries, rising disposable incomes in developing countries, and increasing occurrence of lifestyle diseases globally. However, factors such as high price of mangosteen products compared to alternatives and limited awareness in many parts of the world are restraining market growth. Emergence of new applications of mangosteen for skin care and weight management presents significant opportunities for market players. Innovation and new product development focused on untapped regional markets can also open lucrative growth avenues. Striving for product differentiation as competition intensifies will remain a key challenge. Moreover, changing consumer preferences towards nutritious and healthy food choices along with growing disposable income levels in developing nations are driving more people to consume mangosteen in various forms such as juices, supplements, and others for perceived health benefits.
Key Features of the Study
- This report provides in-depth analysis of the global mangosteen market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global mangosteen market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Thompson nutritional, Purple Natural, Genesis Today, Elcon Drugs and Formulation Ltd., Bhumija Lifesciences, Elcon, KKK FRESH FRUIT CO., LTD., Able Foods co. ltd., BareOrganics, and NutriCargo, LLC
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global mangosteen market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global mangosteen market
Market Segmentation
Market Segmentation
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