Insights into the Dried Mango Market size which is expanding with a 7.2% CAGR from 2024 - 2031
The "Dried Mango Market" has experienced impressive growth in recent years, expanding its market presence and product offerings. Its focus on research and development contributes to its success in the market.
Dried Mango Market Overview and Report Coverage
Dried mango is a popular snack made by dehydrating fresh mango slices, resulting in a chewy and sweet treat. It is rich in vitamins and minerals, making it a healthy alternative to sugary snacks.
The Dried Mango Market is expected to grow at a CAGR of 7.2% during the forecasted period (2024 - 2031). The market outlook for dried mango looks promising, with increasing demand for healthy, convenient snacks driving growth. Consumers are increasingly looking for natural and nutritious snacking options, making dried mango a popular choice.
Current market trends show a rise in demand for organic and non-GMO dried mango, as consumers become more conscious about the sources of their food. Additionally, the rising popularity of plant-based diets is driving growth in the market, as dried mango is a vegan-friendly snack option.
Overall, the future of the dried mango market looks bright, with a steady increase in demand for healthy, natural snack options. With a projected CAGR of 7.2%, the market is expected to continue growing over the forecasted period, driven by consumer preferences for nutritious and convenient snacks.
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Market Segmentation
The Dried Mango Market Analysis by Types is segmented into:
No Sugar Add TypeLow Sugar TypeTraditional Sugar Add Type
Dried mango is available in three main market types based on sugar content. The "No Sugar Add Type" is made with no added sugar, appealing to health-conscious consumers. The "Low Sugar Type" contains a reduced amount of sugar, suitable for those looking for a healthier option. The "Traditional Sugar Add Type" is made with the traditional amount of sugar for a sweeter taste. Each type caters to different preferences in the dried mango market, offering options for varying dietary needs and taste preferences.
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The Dried Mango Market Industry Research by Application is segmented into:
Direct ConsumptionCandy and SnacksOthers
Dried mangoes have various applications in the market. They are commonly consumed directly as a healthy snack or added to trail mixes and breakfast cereals. Additionally, dried mangoes are popular ingredients in candy and snacks, such as chewy mango candies and mango-flavored granola bars. Furthermore, dried mangoes are also used in various other products, such as baked goods, salads, and smoothies, due to their sweet and tangy flavor. Overall, the versatility of dried mangoes makes them a popular choice in the food industry.
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In terms of Region, the Dried Mango Market available by Region are:
North America: United States Canada Europe: Germany France U.K. Italy Russia Asia-Pacific: China Japan South Korea India Australia China Taiwan Indonesia Thailand Malaysia Latin America: Mexico Brazil Argentina Korea Colombia Middle East & Africa: Turkey Saudi Arabia UAE Korea
The dried mango market in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa is experiencing growth due to increasing demand for healthy snacks. Key players such as BESTORE, Haoxiangni, and Three Squirrels are dominating the market with their wide product range and innovative flavors. Market opportunities in North America and Europe are driven by health-conscious consumers, while in Asia-Pacific, the market is booming due to rising disposable incomes in countries like China and India. Latin America offers potential growth due to the traditional consumption of dried fruits, while the Middle East & Africa market is driven by the growing trend of snacking. With increasing awareness about the health benefits of dried mangoes and the expansion of distribution channels, the market is expected to continue growing in the coming years.
Dried Mango Market Emerging Trends
Emerging trends in the global dried mango market include the increasing demand for organic and natural products, as well as the rise of innovative packaging solutions to improve shelf life and convenience. Current trends include the growing popularity of dried mango as a healthy snack option due to its high fiber and nutrient content, as well as the expansion of distribution channels through e-commerce platforms. Additionally, there is a focus on sustainable sourcing practices and transparent supply chains to meet the rising consumer expectations for ethical and environmentally-friendly products in the market.
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Major Market Players
BESTOREHaoxiangniThree SquirrelsNatierraPeeled SnacksMade in NatureEssential Living Foods7DWEL-BSunsweet Growers
In the competitive dried mango market, some of the key players include BESTORE, Haoxiangni, Three Squirrels, Natierra, Peeled Snacks, Made in Nature, Essential Living Foods, 7D, WEL-B, and Sunsweet Growers.
BESTORE is a leading brand in China known for its high-quality dried fruits, including dried mangoes. It has gained popularity for its natural and healthy snacks. Natierra, on the other hand, is a well-known brand in the U.S market for its organic dried mangoes. The company focuses on sustainability and fair trade practices.
Three Squirrels is a Chinese e-commerce company that has gained a strong foothold in the dried mango market through its innovative packaging and marketing strategies. Peeled Snacks, Made in Nature, and Essential Living Foods are popular brands in the U.S that offer a variety of dried fruit products, including mangoes.
In terms of market growth, the global dried mango market is expected to witness significant growth in the coming years due to the increasing demand for healthy and convenient snacks. According to Grand View Research, the market size is projected to reach USD 10.7 billion by 2025, growing at a CAGR of 6.3% from 2019 to 2025.
As for sales revenue, companies like Sunsweet Growers and Three Squirrels have reported significant revenue from their dried mango products. Sunsweet Growers, a California-based company, reported annual sales revenue of over USD 400 million in 2020. Three Squirrels, on the other hand, reported sales revenue of over USD 2 billion in 2020, showcasing its strong presence in the Chinese market.
Overall, the dried mango market is competitive, with players focusing on product innovation, sustainability, and marketing strategies to attract consumers. The market is expected to witness significant growth in the coming years, driven by the increasing demand for healthy and natural snacks.
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