The Asia Pacific Mango Butter Market would witness market growth of 12.1% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 751.1 tonnes, showcasing a growth of 12.2% (2019-2022).
In the Market, the pharmaceutical industry recognizes mango butter as a valuable ingredient with several potential applications. One primary use of butter in pharmaceuticals is in the formulation of topical medications and ointments. Due to its emollient properties and ability to penetrate the skin deeply, butter serves as a base for dermatological products aimed at treating conditions such as dry skin, eczema, and psoriasis. Its moisturizing and soothing effects help to alleviate discomfort and restore skin health. Therefore, the China market consumed 56.35 tonnes in pharmaceutical in 2022.
The China market dominated the Asia Pacific Mango Butter Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $19,728.1 Thousands by 2030. The Japan market is registering a CAGR of 11.4% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 12.8% during (2023 - 2030).
The butter is widely used in moisturizing creams, lotions, and body butter due to its emollient properties. It helps hydrate the skin, producing soft, supple, and smooth skin. The butter is a common ingredient in lip balms and lip care products because of its protecting and moisturizing characteristics, alleviating dried, chapped lips. Rich in antioxidants like vitamins A and E, is used in anti-aging serums, creams, and masks to help reduce the appearance of fine lines, wrinkles, and age spots. It promotes skin regeneration and cellular renewal, resulting in a more youthful complexion.
In addition, it is a natural conditioner for hair, helping moisturize and soften dry, brittle strands. It improves hair elasticity, reduces breakage, and enhances shine and manageability. It is used in hair masks, treatments, and styling products to nourish and revitalize the hair and scalp. It provides deep hydration, repairs damage, and soothes irritation, promoting healthy hair growth. The butter can be a healthier alternative to traditional cooking oils or fats in culinary recipes. Its mild flavor and creamy texture provide meals like stir fries, baking, and sautés depth and richness.
The butter has a long history of traditional medicinal use in various Asian cultures for its therapeutic properties. As per Invest India, the pharmaceutical industry in India is anticipated to increase to $65 billion by 2024 and $130 billion by 2030. India is one of the largest suppliers of inexpensive vaccines. India is also a significant exporter of pharmaceuticals, with exports to over 200+ countries. Therefore, due to the above-mentioned factors, the market will grow significantly in this region.
Free Valuable Insights: The Global Mango Butter Market is Predict to reach $ 283.6 Million by 2030, at a CAGR of 11.2%
Based on Application, the market is segmented into Cosmetics, Food, and Pharmaceutical. Based on Type, the market is segmented into Refined and Unrefined. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Application (Volume, Tonnes, USD Million, 2019-2030)
By Type (Volume, Tonnes, USD Million, 2019-2030)
By Country (Volume, Tonnes, USD Million, 2019-2030)
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