The mangosteen market has been growing owing to the numerous health benefits associated with mangosteen fruits and products. Mangosteen fruits contains powerful antioxidants such as xanthones that help reduce inflammation, support an aging immune system, aid in weight management, improve bone health and boost brain function. The fruits are also a good source of vitamins, minerals, fiber and phytochemicals.
The global mangosteen market is estimated to be valued at US$ 1.2 Billion in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the mangosteen market include Mount Franklin Foods, Maine Coast Holding LLC, Fresh As, Deep Nature Project Company Limited, Evolution Slimming Ltd and Vianda. These players are focusing on production expansion and new product launches to cater to the growing demand.
The Asia Pacific region, especially Southeast Asian countries like Thailand, provide numerous opportunities for mangosteen cultivation owing to suitable climatic conditions. Countries like China and India also offer high growth potential due to the rising health consciousness. Technological advancements in processing and extraction techniques are allowing manufacturers to develop innovative products like mangosteen juices, concentrates and supplements with higher concentration of xanthones.
Market drivers
Mangosteen market share is the increasing awareness about the various health benefits of mangosteen. Mangosteen fruits and products derived from it find wide application in industries like pharmaceuticals, nutraceuticals, food and beverages due to their antioxidant and anti-inflammatory properties. Rising lifestyle diseases along with changes in dietary patterns are propelling the demand for nutritious superfruits like mangosteen across the world. Asia Pacific accounts for the largest share of mangosteen production currently however new plantations are being developed in regions of South America and Africa as well.
Challenges in Mangosteen Market
The mangosteen market faces various challenges such as inconsistent supply, limited growing regions, and high production costs. As mangosteens are grown in a small number of countries in Southeast Asia, weather conditions and diseases can significantly impact the supply. Producing mangosteens also requires specialized care and labor-intensive harvesting methods that drive up costs. Developing new high-yielding varieties and expanding commercially viable growing areas can help address these supply challenges over the long run.
SWOT Analysis
Strength: Mangosteens have a unique flavor and commanding market position as a superfruit due to its antioxidants.
Weakness: Narrow native growing regions lead to supply uncertainties. High labor needs increase production costs.
Opportunity: Demand is growing globally due to increasing health consciousness. Developing new varieties can boost yields.
Threats: Climate change risks and diseases from monocropping can harm supplies. Low-cost alternatives may emerge.
By value, the Asia Pacific region accounts for over 80% of the global mangosteen market share led by key producers like Thailand. Thailand has ideal climate conditions for mangosteen and is the largest exporter globally.
North America is the fastest growing regional market for mangosteens driven by rising importer demand in the United States. As awareness increases about the fruit's health benefits, import volumes are projected to surge over 30% during the forecast period of 2024 to 2031.
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About Author:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
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