Global Mangosteen Market Overview
Mangosteen Market Size was estimated at 440.4 (USD Billion) in 2022. The Mangosteen Industry is expected to grow from 462.6(USD Billion) in 2023 to 720.0 (USD Billion) by 2032. The Mangosteen Market CAGR (growth rate) is expected to be around 5.04% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Mangosteen Market Trends Highlighted
The increasing awareness of healthy food choices and the increasing preference for exotic fruits are the main revenue-generating factors for mangosteens. The exotic taste and health benefits of the fruit, especially with antioxidant and anti-inflammatory content, are generating more and more interest from consumers.
There are opportunities to widen the distribution channels and introduce further processed products like juices, dietary supplements, and cosmetic applications. Furthermore, the growing trend of selling directly to consumers and through online marketplaces is creating huge opportunities for the business.
Current trends in the market for mangosteen include Initiatives to support Environmental Stewardship because of the ethical sourcing of the produce, among others. They are also shipping out new varieties of the fruit which have a longer shelf life and are also disease resistant, thus boosting the fruit’s availability and quality.
Mangosteen Market Drivers
Rising Popularity of Functional Foods and Beverages
One of the most important factors that drive the market of mangosteen is the growing consumer demand for such functional foods and beverages. Functional foods and beverages are the types of products that, in addition to being nutritious, offer health benefits. Consumption of mangosteen has a number of advantages, as this fruit is rich in antioxidants and anti-inflammatory compounds. The growing number of such products as mangosteen juices, smoothies, and supplements also stimulate the market for this tropical fruit.It is possible to predict that the Mangosteen Market Industry should expect considerable growth because the overall number of consumers choosing products that offer specific health benefits is predicted to grow in the near future. Moreover, another critical factor that positively affects the condition of such a market segment is the overall rise of wealth in many developing countries. These transitions lead to increased demand for non-traditional and luxurious fruits.
Expansion of the Nutraceuticals Industry
The nutraceuticals industry is experiencing rapid growth due to the increasing demand for natural and plant-based products for health and wellness. Mangosteen is gaining recognition as a valuable ingredient in nutraceutical products, such as dietary supplements and skincare items, owing to its potent antioxidant and anti-inflammatory properties. The incorporation of mangosteen extracts into nutraceutical formulations is expected to drive market growth in the coming years.
Growing Health Consciousness among Consumers
Consumers are increasingly turning to foods and beverages that offer value and are beneficial to their health. Mangosteen is now being hailed as a superfood because it is antioxidant-rich and provides various health benefits. Mangosteen is suggested to be anti-inflammatory, anti-cancer, and even antimicrobial. Hence, the upsurge in healthy eating habits among consumers will favor the growth of mangosteen in the market.
Mangosteen Market Segment Insights
Mangosteen Market Product Type Insights
The Mangosteen Market is segmented by product type into fresh mangosteen, frozen mangosteen, canned mangosteen, dried mangosteen, mangosteen juice, and mangosteen extract. Among these, fresh mangosteen holds the largest market share, followed by frozen mangosteen. The demand for fresh mangosteens is attributed to their superior taste, texture, and nutritional value compared to processed products. However, frozen mangosteens are gaining popularity due to their extended shelf life and convenience, especially in regions with limited access to fresh mangosteens.Canned mangosteens are another significant segment, driven by their long shelf life and ease of storage and transportation. Dried mangosteens, mangosteen juice, and mangosteen extract are niche segments with specific applications in the food and beverage industry. The Mangosteen Market revenue from the fresh mangosteen segment is projected to reach USD 260.4 billion by 2024, growing at a CAGR of 4.8%. The frozen mangosteen segment is expected to register a CAGR of 5.2%, reaching a market value of USD 105.6 billion by 2024. Canned mangosteens are estimated to grow at a CAGR of 4.5%, with a market size of USD 68.9 billion by 2024.The dried mangosteen segment is anticipated to expand at a CAGR of 6.0%, reaching a market valuation of USD 24.3 billion by 2024. Mangosteen juice and mangosteen extract segments are projected to grow at CAGRs of 5.8% and 4.9%, respectively, with market values of USD 18.7 billion and USD 12.5 billion by 2024.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Mangosteen Market Distribution Channel Insights
According to the report, supermarkets and hypermarkets had generated over 50% of the mangosteen market by 2023. This is mainly because of the availability and convenience of this type of store; notably, this category is expected to grow even further, along with the increasing number of customers buying snacks and drinks on the go. However, online retailers are also gaining popularity. Their market share may be equal to that of direct sales and wholesale markets or slightly less than that, but many younger customers may appreciate the convenience of online purchases.
Mangosteen Market Application Insights
The Mangosteen Market segmentation by Application comprises the Food and Beverage Industry, Cosmetics Industry, Pharmaceutical Industry, Traditional Medicine, and Personal Care Industry. The Food and Beverage Industry is projected to dominate the Mangosteen Market, with a market share of around 45.0% by 2024. Rising consumer demand for natural and healthy food and beverage products is driving the growth of the mangosteen market in this segment. Cosmetics Industry is estimated to be the second-largest segment, accounting for 20.0% of the Mangosteen Market revenue in 2024.The increasing use of mangosteen extracts in skincare and hair care products is propelling the market growth in this segment. Pharmaceutical Industry is anticipated to experience significant growth in the coming years, owing to the rising demand for mangosteen-based supplements and medicines. Traditional Medicine and Personal Care Industry segments are also expected to contribute to the overall Mangosteen Market growth during the forecast period.
Mangosteen Market Grade Insights
The Mangosteen Market is segmented by Grade into Premium, Standard, and Economy. The Premium grade segment held the largest market share in 2023, accounting for over 65% of the Mangosteen Market revenue. This is due to the growing demand for high-quality mangosteens from health-conscious consumers. The Standard grade segment is expected to grow at a higher rate during the forecast period as more consumers become aware of the benefits of mangosteens and the availability of affordable options. The Economy-grade segment is expected to account for a small share of the Mangosteen Market, as it caters to budget-conscious consumers.Increasing disposable income and rising health awareness are significant factors driving the growth of the Mangosteen Market across all segments.
Mangosteen Market Organic Certification Insights
The Mangosteen Market is segmented based on organic certification into organic and conventional. The organic segment is expected to witness significant growth over the forecast period due to rising consumer demand for organic and natural products. Consumers are becoming increasingly health-conscious and prefer products that are free from pesticides and chemicals. Organic mangosteens are cultivated using natural methods without the use of synthetic fertilizers or pesticides, making them a healthier choice for consumers. The growing popularity of organic food is driving the growth of the organic mangosteen segment.In 2023, the organic segment accounted for an estimated 25% of the Mangosteen Market revenue and is projected to reach around 30% by 2032. The conventional segment, on the other hand, is expected to experience moderate growth over the forecast period as consumers become more aware of the benefits of organic products.
Mangosteen Market Regional Insights
The regional segmentation of the Mangosteen Market presents distinct market dynamics and growth opportunities across various regions. North America holds a significant market share, driven by rising health consciousness and growing demand for exotic fruits. Europe follows closely, with increasing consumption of mangosteens in countries like France, Germany, and the United Kingdom. The Asia-Pacific region is projected to witness substantial growth, particularly in China, India, and Southeast Asian countries, due to the increasing disposable income and changing dietary preferences.South America and the Middle East Africa regions are expected to contribute moderately to the market, with potential for growth in countries like Brazil, Argentina, and Saudi Arabia. These regional insights are crucial for businesses operating in the Mangosteen Market to tailor their strategies and target specific growth opportunities.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Mangosteen Market Key Players And Competitive Insights
Major players in the Mangosteen Market industry are focusing on expanding their presence in emerging markets and developing new products to cater to the growing demand. Leading Mangosteen Market players are also investing in research and development to improve the quality and yield of mangosteen. The Mangosteen Market is expected to witness significant development in the coming years, driven by rising awareness about the health benefits of mangosteen and increasing demand from emerging markets.Charoen Pokphand Foods PCL is a leading player in the Mangosteen Market. The company has a strong presence in Thailand, where it is the largest producer of mangosteen. Charoen Pokphand Foods PCL has also expanded its operations to other countries in Southeast Asia, including Malaysia, Indonesia, and Vietnam. The company's mangosteen products are sold under the Dole brand, which is well-known for its high quality and freshness.Another major player in the Mangosteen Market is Sunfresh Produce Pty Ltd. The company is headquartered in Australia and has operations in several countries around the world, including the United States, Canada, and China. Sunfresh Produce Pty Ltd. specializes in the production and marketing of tropical fruits, including mangosteen. The company's mangosteen products are known for their superior quality and taste. Sunfresh Produce Pty Ltd. is a major supplier of mangosteen to the market and has a strong reputation for reliability and customer service.
Key Companies in the Mangosteen Market Include
- Index Fresh
- VitalHarvest
- Dole Food Company
- Redbridge Produce Inc
- Tropical Foods of Florida, Inc.
- Produce Marketing Association
- Five Star Trading Corporation
- Sun Harvest Fruit
- Mangosteen International
- The Hain Celestial Group
- Agdang Group
- Eiwa Corp
- Interfresh Group
- Charoen Pokphand Group
- Ohana Farms
Mangosteen Market Industry Developments
The mangosteen market is projected to grow from an estimated USD 462.6 billion in 2024 to USD 720.0 billion by 2032, exhibiting a CAGR of 5.04% over the forecast period. Increasing awareness about the health benefits of mangosteen, rising disposable income, and growing demand for exotic fruits are key factors driving market growth. Key recent developments in the market include the introduction of new mangosteen varieties with enhanced nutritional content, the expansion of mangosteen cultivation in emerging regions such as Southeast Asia and Latin America, and the growing popularity of mangosteen-based beverages and supplements.
Mangosteen Market Segmentation Insights
- Mangosteen Market Product Type Outlook
- Fresh Mangosteen
- Frozen Mangosteen
- Canned Mangosteen
- Dried Mangosteen
- Mangosteen Juice
- Mangosteen Extract
- Mangosteen Market Distribution Channel Outlook
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retailers
- Direct Sales
- Wholesale Markets
- Mangosteen Market Application Outlook
- Food and Beverage Industry
- Cosmetics Industry
- Pharmaceutical Industry
- Traditional Medicine
- Personal Care Industry
- Mangosteen Market Grade Outlook
- Mangosteen Market Organic Certification Outlook
- Mangosteen Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
440.4(USD Billion) |
| Market Size 2023 |
462.6(USD Billion) |
| Market Size 2032 |
720.0(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
5.04% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Index Fresh, VitalHarvest, Dole Food Company, Redbridge Produce Inc, Tropical Foods of Florida, Inc., Produce Marketing Association, Five Star Trading Corporation, Sun Harvest Fruit, Mangosteen International, The Hain Celestial Group, Agdang Group, Eiwa Corp, Interfresh Group, Charoen Pokphand Group, Ohana Farms |
| Segments Covered |
Product Type, Distribution Channel, Application, Grade, Organic Certification, Regional |
| Key Market Opportunities |
Rising demand for natural antioxidants Expanding food and beverage industry Growing awareness of health benefits Untapped potential in emerging markets Increased focus on functional food development. |
| Key Market Dynamics |
Rising health consciousness Increasing demand for exotic fruits Growing popularity of online retail Expansion into new markets Technological advancements in cultivation techniques. |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Mangosteen Market is projected to reach an overall valuation of approximately 462.6 Billion USD in 2023.
The Mangosteen Market is projected to reach an overall valuation of approximately 720.0 Billion USD in 2032.
The Mangosteen Market is projected to grow at a CAGR of approximately 5.04% from 2024 to 2032.
North American region is expected to hold the largest market share in the Mangosteen Market due to the increasing demand for mangosteen in countries such as China, India, and Thailand.
The food and beverage segment is expected to hold the largest market share in the Mangosteen Market due to the increasing use of mangosteen in juices, smoothies, and other food products.
Some of the key competitors in the Mangosteen Market include Charoen Pokphand Foods, Betagro Group, and Dole Food Company.
Some of the key growth drivers for the Mangosteen Market include the increasing demand for natural and healthy food products, the growing popularity of mangosteen in food and beverage applications, and the rising disposable income in emerging economies.
Some of the key challenges facing the Mangosteen Market include the limited availability of mangosteen, the high cost of production, and the lack of awareness about the health benefits of mangosteen.
Some of the key trends in the Mangosteen Market include the growing demand for organic mangosteen, the increasing use of mangosteen in functional food products, and the development of new mangosteen-based products.
The COVID-19 pandemic has had a negative impact on the Mangosteen Market due to the disruption of supply chains and the decline in demand for food and beverage products. However, the market is expected to recover in the post-pandemic period as consumers increasingly seek out healthy and natural food products.
