10. Market Scenario
The global processed mango products market size was estimated at USD
16.55 billion in 2018 and is projected to register a CAGR of 6.4% during the
forecast period. Increase in consumption of mango and mango-based
products coupled with rising preference for naturally sweet fruit-based
ingredients is anticipated to drive the growth.
Mango-flavored beverages such as Frooti and Maaza are expected to witness significant
growth over the forecast period. These beverages require mango pulp as one of the major
flavoring ingredients. As a result, manufacturers like Coca-Cola, PepsiCo, and Nestle are
driving the demand for mango pulp and taking initiatives for improving mango production.
Recently, Coca-Cola, launched a program with Jain Irrigations, a major market player for
processed mango products in India, to improve yields. Such initiatives are expected to drive
the demand for primary processed mango products like mango pulp and Individually Quick
Frozen (IQF) mango.
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