Dublin, Aug. 18, 2023 (GLOBE NEWSWIRE) -- The "Mango Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global mango market is expected to grow from $60.52 billion in 2022 to $63.79 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The market is expected to reach $8.84 billion in 2027 at a CAGR of 7.1%.
The rapid growth in e-commerce supports the growth of the mango market. For example, in June 2021, Skholla.in, an Indian online store for groceries, fruits and vegetables, has announced Mango Festival Sale, bringing over popular mango varieties fresh from the farms of Tamil Nadu and Andhra Pradesh, to satisfy mango lovers. Thus, the rapid growth in e-commerce supports the growth of the market.
The introduction of multi-purpose processing machines has been a major trend for the mango processing market worldwide. In September 2022, ZTi Smart Machines, a Dutch manufacturer of fruit and vegetable processing equipment, used their technology and innovation results in machinery that lowers human repetitious effort and makes operations easier, safer, more sustainable, efficient, and cost effective. This procedure is fairly rapid, with the machine capable of processing up to 20 mangoes each minute.
In May 2022, Sri Lanka based conglomerate company, Diesel and Motor Engineering PLC (DIMO) paid INR 450 million ($5.47 million) for Tropical Health Food Ltd., a fruit and vegetable export company. The company is in the business of processing and preparing fruits and vegetables for export. DIMO has purchased 94.45% of the firm from its German owner. DIMO's agriculture business comprises agri-machinery import, sale, and after-sales services, as well as the import, processing, and distribution of agro chemicals, seeds, and fertilizer, as well as the import, production, processing, and sale of agricultural seeds. Tropical Health Food (Pvt) Ltd was founded in 1994 with the goal of processing and exporting organic foods to the European market. The company was a Board of Investment of Sri Lanka (BOI) authorized project with 100% foreign investment from Germany.
Asia-Pacific was the largest region in the mango market in 2022. The regions covered in mango report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Topics Covered
1. Executive Summary
2. Mango Market Characteristics
3. Mango Market Trends and Strategies
4. Mango Market - Macro Economic Scenario
5. Mango Market Size and Growth
6. Mango Market Segmentation
7. Mango Market Regional and Country Analysis
8. Asia-Pacific Mango Market
9. China Mango Market
10. India Mango Market
11. Japan Mango Market
12. Australia Mango Market
13. Indonesia Mango Market
14. South Korea Mango Market
15. Western Europe Mango Market
16. UK Mango Market
17. Germany Mango Market
18. France Mango Market
19. Eastern Europe Mango Market
20. Russia Mango Market
21. North America Mango Market
22. USA Mango Market
23. South America Mango Market
24. Brazil Mango Market
25. Middle East Mango Market
26. Africa Mango Market
27. Mango Market Competitive Landscape and Company Profiles
28. Key Mergers and Acquisitions in the Mango Market
29. Mango Market Future Outlook and Potential Analysis
30. Appendix
A selection of companies mentioned in this report includes:
- Fresh Del Monte
- Capricorn Food Products India Ltd.
- Del Monte Foods
- Freshmax Group
- ABC Fruits
- GG And Z Impe Group Pty. Ltd.
- Allianz1 Globe Groups
- Carabao mangoes
- Ngowe Mango
- Fundo Los Paltos
- Frutecer
- Sun Tropical Foods LLC
- Caquin Trading Inc.
- Diazteca
- Aseptic Fruit Purees
- Polish Mango
- The Hortex company
- Fruitland Company
- Raw Exports Ltd.
- Dohler
- The Old English Trading Company Ltd.
- Weifang Alice Food Co. Ltd.
- Shouguang Vegetable and Food Industry Group Co. Ltd.
- Tradelink International
- Energetic Overseas
- Aavaith international
- Arham Agro Exports
- Harshad Mango Products Private Limited
- J. J Agro Industry
For more information about this report visit https://www.researchandmarkets.com/r/bvm8m6
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