Global mango juice market is driven by the growing influence of tropical fruit juices in global market.
Growing demand for tropical fruit juices along with rising health awareness is driving the growth of global mango juice market. Sweet and aromatic flavor of mango is the key factor for its market growth and popularity of mango flavored juices among children.
Global Mango juice market is segmented into product types such as PET/plastic, metal can, cartons, glass and other (Dispense etc.). PET and small plastic bottle packaging is most popular among consumers as they are more convenient to carry and are easy to consume. Cartons are the most popular packaging size among consumers as they can be use at homes for longer period.
Global mango juice market is significantly growing owing to rising health awareness among consumers and introduction of new products. The global mango juice market valued over USD 16.0 billion in 2015 and the market is expected to expand at a compound annual growth rate of 3.4% over the forecast period i.e. 2016-2024. Global mango juice market is projected to reach USD 22.1 billion by the end of 2024. Geographically, Asia-Pacific is the dominating market with more than 35% share in terms of consumption and the Asia-Pacific mango juice market is expected to grow on the back of significant growing sales in countries such as India and China among others. Asia-Pacific is closely followed by the Europe which accounts for more than 20% share in global mango juice market.
Rising Demand for Tropical Flavors of Juices: Major Boost
In past few years, trend for 100% packaged fruit juice has been observed among health conscious consumers. Consumers are buying fruit juices in greater quantity for household consumption, and buying fruit juices is becoming a more habitual purchase than a need-based purchase. To encourage consumer's interest in fruit juices and to cater diverse and changing tastes, fruit juice manufacturers are introducing new varied mango flavors and packaging options.
Global Mango Juice Market Outlook 2024 contains detailed overview of the global mango juice market in terms of market segmentation by product, by concentration types, by packaging type, by distribution channel type. Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes provides competitive outlook of some of the major players of the global mango juice market which includes profiling of companies such as Coca cola company, PepsiCo, Nestle SA, Del Monte Foods, Döhler Group, Hershey, True Organic, Parle agro etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents comprehensive synopsis on the global mango juice market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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