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Mangosteen Market (Form - Solid, Liquid, Gel, and Powder; Application - Food & Beverages, Nutraceutical, Pharmaceutical, and Cosmetics; End User - Retail, and Industrial; Distribution Channel - Specialty Store, Online Retail, Supermarket/hypermarket, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : February, 2022

  • Rep Id : FB0313

  • Category : Food & Beverages

  • Status : Published

A recent report ongoing study by Infinium Global Research on the mangosteen market provides in-depth analysis of segments and sub-segments in the global as well as regional mangosteen market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional mangosteen market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global mangosteen market. According to the report, the global mangosteen market is projected to grow at a healthy CAGR over the forecast period of 2021-2027.

 

Market Insight

Mangosteen is a rare fruit and is considered one of the most sought-after fruits in the world. Mangosteen is a tree that has a scientific name is Garcinia mangostana, and it is originated in Indonesia. Currently, the mangosteen is grown in many areas in Southeast Asia, such as Thailand, the Philippines, Malaysia, Sri Lanka, India, and some parts of Africa. Furthermore, the mangosteen is a shallow temperature fruit and can die at 0 degrees Celsius; hence it is unfamiliar to the rest of the continents where the standard climate is cold. Moreover, mangosteen contains disease-fighting phytochemicals and antioxidants. The people consider it an ideal fruit for fresh consumption and refer to it as the fruit of the gods or the queen of fruits because of its exclusivity. Additionally, the mangosteen market is expected to flourish in the coming years due to the healthy growth shown by the natural ingredient market. Also, consumers are demanding exotic fruits globally, and the market is expected to grow in the coming years.

 

There are several medical benefits that the mangosteen offers, like regulating blood pressure and heart rate, preventing inflammation, improving digestion, treating acne and other skin diseases, maintaining a healthy weight, strengthening the immune system, and others due to the presence of xanthones, potassium, complex vitamins, proteins, and several other vital nutrients. Therefore, there is a massive demand for mangosteen products in the medical industry which can drive the growth of the mangosteen market. Furthermore, in the nutraceutical sector, a study has been conducted and found a positive output of natural ingredients. Hence, a significant demand from the mangosteen market can be expected. Moreover, some various properties of mangosteen products make it an ideal outcome, due to which the market has significant potential to grow shortly.  However, the mangosteen has a concise shelf life, due to which most retailers require overnight shipping. This becomes one of the prime drawbacks, hampering the market’s growth since the products become very expensive to end-users due to their short shelf life. Nevertheless, due to the increasing trend of the internet of things (IoT), a higher volume of mangosteen products are sold online than that in specialty stores or convenience stores. Hence, an increasing number of smartphones user can be an excellent opportunity for the mangosteen market due to the convenience of purchasing products at the touch of the screen.

 

The Asia Pacific is expected to generate the largest revenue during the forecast period and dominate the market. Due to the presence of countries like China, India, Malaysia, and Indonesia, which are the major national markets holding a significant revenue share, the market in the region is expected to grow. For instance, the international trade center’s data shows that imports of mango, guava, and mangosteen from Vietnam to the Russian market went up sharply in the 2016-2020 period. Furthermore, there is a significant amount of importation of mangoes, guavas, and mangosteens from Peru to Russia in January 2021. Hence the Russian mangosteen market is expected to reach new heights in the upcoming future since Russia imported 69.4 percent of the total import volume. Moreover, in India, Kerala is a leading mangosteen producer, followed by Tamil Nadu, due to which the market is being grown at 1000 tons. Also, an estimated 200 tons of mangosteen is produced in Pollachi, Upper Palani hills, and Coonoor, and Karnataka comes third on the list.

 

Segment Covered

The report on global mangosteen market covers segments such as form, application, end user, and distribution channel. On the basis of form, the sub-markets include solid, liquid, gel, and powder. On the basis of application, the sub-markets include food & beverages, nutraceutical, pharmaceutical, and cosmetics. On the basis of end user, the sub-markets include retail, and industrial. On the basis of distribution channel, the sub-markets include specialty store, online retail, supermarket/hypermarket, and others.

 


Mangosteen Market


Companies Profiled:

The report provides profiles of the companies in the market such as DBC, LLC, and Nature’s Sunshine Products, Inc., Royalty Health, Genesis Today, Lakewood Juice Company, Vemma, Mangosteen Dietary Supplements, and Others.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the mangosteen market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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