The Europe Mango Butter Market would witness market growth of 10.5% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 838.5 tonnes, showcasing a growth of 10.7% (2019-2022).
One primary utilization of butter in food products is as a substitute for traditional butter or oil in cooking and baking. In the Market, mango butter finds applications beyond cosmetics and skincare, extending into the food industry where it serves as a versatile ingredient with various culinary uses. Its creamy texture and rich flavour add depth and a tropical twist to recipes, enhancing the taste and aroma of dishes. Therefore, the Germany market make use of 99.08 tonnes in food in 2022.
The Germany market dominated the Europe Mango Butter Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $23,647.1 Thousands by 2030. The UK market is exhibiting a CAGR of 9.6% during (2023 - 2030). Additionally, The France market would experience a CAGR of 11.3% during (2023 - 2030).
The soft, semisolid, creamy-textured, organic butter known as butter is produced from the shelled kernel of the tropical fruit mango. It has a gentle and pleasant aroma. Increasing numbers of consumers are becoming aware of the components of the products they purchase, particularly cosmetics, pharmaceuticals, and food products. For example, as per the report by the National Library of Medicine updated in 2022, the ecologically based cosmetics industry is projected to reach $5.25 billion by 2029, expanding at a compound annual growth rate of 5.18% from 2019 to 2029.
The market has benefited from the rising demand for sustainably sourced ingredients. Ethical considerations, such as fair-trade practices, environmental conservation, and support for local communities, play a significant role in shaping consumer preferences. The butter produced through responsible sourcing practices, such as fair-trade certification and environmentally friendly cultivation methods, has gained favor among conscientious consumers and ethical brands alike.
According to the International Trade Administration, the number of e-commerce consumers in Spain reached 30 million in 2021. eCommerce penetration was estimated at 63%, and internet penetration at 83% in 2021. By 2025, there will be 37 million eCommerce users, a 25% increase. Spanish consumers increasingly seek natural and organic cosmetic products, driven by concerns about synthetic ingredients and their potential health impacts. E-commerce platforms offer Spanish consumers convenient access to various butter cosmetic products. E-commerce platforms enable customers to leave reviews, ratings, and recommendations for butter products, influencing purchasing decisions and brand perception in Spain. Thus, all these factors will uplift the regional market’s expansion in the coming years.
Free Valuable Insights: The Global Mango Butter Market will Hit USD 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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