Global mangosteen extract market is expected to expand at a CAGR of 3.7% between 2024 and 2031. Rising from USD 265.3 million in 2022, the market value is projected to be USD 458.6 million by 2031. Over the projection period, Asia-Pacific is predicted to control most of the market.
Rising demand for natural components in many other sectors and growing consumer awareness of its health advantages are driving notable increase in the mangosteen extract market. Popular in nutritional supplements, cosmetics, and functional foods, the extract taken from the tropical fruit Garcinia mangostana is rich in antioxidants and has anti-inflammatory qualities.
Market Trend: Growing demand for natural and organic components in personal care products influences Mangosteen Extract Market Dynamics
Mangosteen extract is in demand as the beauty and personal care sectors are moving towards natural and organic components. Customers choosing plant-based substitutes for synthetic substances are become more aware of the components in their skincare and haircare products. With its strong antioxidant qualities and skin-brightening action, mangosteen extract is being used into many cosmetic products including face masks, serums, and moisturizers. As more customers search for clean beauty products, this trend is predicted to keep on and help the mangosteen extract market in the cosmetics industry to expand.
Growing knowledge of the health advantages of mangosteen eating drives the market
The market for mangosteen extract is much driven by growing knowledge of the health advantages connected with eating of this fruit. Rich in xanthones, a family of polyphenols with strong anti-inflammatory and antioxidant qualities, manghosteen Among the many health advantages these substances have been connected to include enhanced immune system, support of cardiovascular health, and possible anti-cancer action. Demand for mangosteen extract in dietary supplements and functional foods is growing as people becoming more health-conscious and search natural means to improve their well-being. Research on the possible medicinal uses of mangosteen extract supports this trend even further and fuels market expansion in many sectors.
Restrain of the market: limited availability and high manufacturing expenses of mangosteen extract
The mangosteen extract business is seriously challenged by the restricted supply of mangosteen fruit and the high manufacturing costs related with extracting its useful chemicals. Mostly planted in Southeast Asian nations, Mangosteen plants have particular climatic needs and so large-scale farming is challenging in other areas. The seasonal character of the fruit and the complicated extraction technique help to explain the increased manufacturing expenses, which could affect the price of the finished good. Particularly in budget-conscious economies, these elements might restrict the general acceptance of mangosteen extract in many uses. Furthermore adding to the manufacturing expenses are sustainable sourcing policies and quality control procedures, thereby perhaps limiting market expansion in certain areas.
Driven by growing customer interest in natural health goods, the category of dietary supplements dominates the mangosteen extract market
Growing knowledge of mangosteen's possible health advantages including its anti-inflammatory and antioxidant qualities fuels this segment's expansion. Targeting certain health issues like immune support, weight control, and general wellbeing, manufacturers are including mangosteen extract into several supplement formulations. The increasing trend of preventive healthcare and the change toward plant-based supplements further help to explain the segment's dominance in the market.
Asia-Pacific Dominates the Market Due to Abundant Raw Material Supply and Traditional Usage Mangosteen Extract Market Regional Analysis
Leading the mangosteen extract industry, Asia-Pacific benefits from its position as the main supply of mangosteen fruit. Major growers of mangosteen include nations like Thailand, Indonesia, and Malaysia, therefore guaranteeing a consistent supply of raw ingredients for extract manufacture. The longstanding usage of mangosteen in regional cuisines and traditional medical systems, which has resulted in a well-established customer base, reinforces the region's supremacy even further. Furthermore fueling demand for mangosteen extract in many uses are the expanding nutraceutical and cosmetic sectors in nations such China, Japan, and South Korea. Strong manufacturing capacity of the area and growing research and development activity in natural ingredients further help to explain its market leadership.
Mangosteen Extract Market Competitive Landscape: With competition mostly on product quality, innovation, and geographical growth, the mangosteen extract market is characterized by a mix of established competitors and rising firms. Important participants are funding research and development to improve methods of extraction and create fresh uses for mangosteen extract. Common approaches to guarantee a consistent supply of raw materials include alliances with nearby vendors in areas that produce mangosteen. To regulate quality and save expenses, several organizations are vertically integrating their activities. To generate creative formulas, the market also witnesses cooperation between extract producers and end-product makers. Companies are expanding their product lines and regional presence to seize new prospects in several sectors as customer demand for natural and functional ingredients rises.
1. INTRODUCTION
1.1. Market Definition
1.2. Study Scope
1.3. Currency Conversion
1.4. Study Period (2022- 2031)
1.5. Regional Coverage
2. RESEARCH METHODOLOGY
2.1. Primary Research
2.2. Secondary Research
2.3. Company Share Analysis
2.4. Data Triangulation
3. EXECUTIVE SUMMARY
3.1. Global Mangosteen Extract Market (2018 – 2022)
3.2. Global Mangosteen Extract Market (2023 – 2031)
3.2.1. Market Segment By Form (2023 – 2031)
3.2.2. Market Segment By Application (2023 – 2031)
3.2.3. Market Segment By Distribution Channel (2023 – 2031)
3.2.4. Market Segment By Region (2023 – 2031)
4. MARKET DYNAMICS
4.1. Market Trends
4.1.1. Increasing demand for natural and organic ingredients in personal care products
4.1.2. Rising popularity of functional foods and beverages
4.1.3. Growing interest in traditional Asian ingredients in global markets
4.2. Market Drivers
4.2.1. Growing awareness of health benefits associated with mangosteen consumption
4.2.2. Expanding applications in nutraceuticals and pharmaceuticals
4.2.3. Increasing disposable income and changing consumer preferences
4.3. Market Restraints
4.3.1. Limited availability and high production costs of mangosteen extract
4.3.2. Regulatory challenges and quality control issues
4.4. Porter's Five Forces Analysis
4.4.1. Threat of New Entrants
4.4.2. Bargaining Power of Buyers/Consumers
4.4.3. Bargaining Power of Suppliers
4.4.4. Threat of Substitute Products
4.4.5. Intensity of Competitive Rivalry
4.5. Supply Chain Analysis
4.6. Pricing Analysis
4.7. Regulatory Analysis
4.8. Pipeline Analysis
5. BY FORM (MARKET VALUE (US$ MILLION) – 2022-2031*)
5.1. Powder
5.2. Liquid
6. BY APPLICATION
6.1. Dietary Supplements
6.2. Cosmetics
6.3. Food & Beverages
6.4. Pharmaceuticals
7. BY DISTRIBUTION CHANNEL
7.1. Online Retail
7.2. Specialty Stores
7.3. Supermarkets/Hypermarkets
8. GEOGRAPHY
8.1. North America
8.1.1. United States
8.1.2. Canada
8.1.3. Mexico
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Rest of South America
8.3. Europe
8.3.1. Germany
8.3.2. United Kingdom
8.3.3. France
8.3.4. Italy
8.3.5. Spain
8.3.6. Russia
8.3.7. Rest of Europe
8.4. Asia-Pacific
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. Australia
8.4.5. South Korea
8.4.6. Rest of Asia-Pacific
8.5. Middle-East
8.5.1. UAE
8.5.2. Saudi Arabia
8.5.3. Turkey
8.5.4. Rest of Middle East
8.6. Africa
8.6.1. South Africa
8.6.2. Egypt
8.6.3. Rest of Africa
9. COMPETITVE LANDCAPE
9.1. Key Developments
9.2. Company Market Share Analysis
9.3. Product Benchmarking
10. SWOT ANALYSIS
11. COMPANY PROFILES
11.1. Naturalin Bio-Resources Co., Ltd
11.2. Kingherbs Limited
11.3. Nutra Green Biotechnology Co., Ltd
11.4. Hunan Huacheng Biotech Inc.
11.5. Shaanxi Guanjie Technology Co., Ltd
11.6. Xi'an DN Biology Co., Ltd
11.7. Xi'an Sgonek Biological Technology Co., Ltd
11.8. Sami Labs Limited
11.9. Carrubba Inc.
11.10. Dermalab
11.11. Berkem
11.12. Fine Japan Co., Ltd.
12. MARKET OPPORTUNITIES
By Form:
Powder
Liquid
By Application:
Dietary Supplements
Cosmetics
Food & Beverages
Pharmaceuticals
By Distribution Channel:
Online Retail
Specialty Stores
Supermarkets/Hypermarkets
By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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