Mounting Popularity For Naturally Extracted Medicine And Beauty Products Is Expected To Boost Demand For Mangiferin Market
Mangiferin Market: Introduction
Advancing pharmaceutical to create mounting demand for mangiferin in treatment of against bronchial asthma, atopic dermatitis and for residential and other allergic diseases. Being a bioactive ingredient mangiferin are largely isolated from stem bark and leaves of mango trees. Production of mangiferin are function of seasonal variation as they are extracted from mango trees. Mangiferin content are higher in month of April, as result of ripen mangoes during this month.
Furthermore, mangiferin is also used in production of personal care beauty products, as result of benefits offered. Mangiferin has the ability to penetrate through human skin as it is considered as first barrier of human body. These ability of mangiferin helps UV radiation to pass through skin resulting in generation of oxidative stress and free radicals, resulting in activation of ECM (Extracellular Matrix Enzymes).
With diabetes becoming high health disorder among a large population, this has resulted creating numerous market opportunities for mangiferin over the forecast period (2020-2030). In addition to this, mangiferin also finds its usage for treatment against cancer at its early stages, backed by an anti-cancer molecular mechanism.
Cardiovascular diseases such as hypertension, congenital heart disease, heart failure, thyroid abnormalities, peripheral artery disease, diabetes mellitus, rheumatic heart disease and cerebrovascular disease are the most prevalent diseases around the globe and are responsible for high rates of mortality. Mangiferin is useful for fight against the aforementioned diseases offering immunity boost and numerous other health benefits. Therefore, mounting popularity for naturally extracted medicine and beauty products is expected to boost demand for mangiferin during the forecast period.
Global Mangiferin Market is Experiencing Descending Demand as COVID-19 Outbreak
COVID-19 has lead to imposition of regional and national level lockdown which has significantly impacted construction and infrastructure industry. nCoV has not only shattered the movement of the people but also the production and trade of the major products in the market. Halted production and disrupted supply chain has resulted in eroding demand for mangiferin during these pandemic.
For the market to resurrect to its original form, construction activities should restart at force which is possible post 4th quarter of FY2020. Not only mangiferin demand, supply has also been put on hold to normalize the market prices which is set to normalize the overall production cost, post market resurrection. However, demand for mangiferin in pharmaceutical industry is stable, whereas demand in personal care segment is experiencing significant impact of nCoV.
Mangiferin Market: Regional Outlook
Asia Pacific region dominates the production of mongering followed by Europe. India and China are considered as leading manufacturers, backed by its mounting agricultural industry and increasing mango production capacity. Furthermore, market for mangeferin in Latin America and Europe is expected to grow with increasing number of ageing population and higher standard of living.
These has resulted in opening up opportunities for personal care and cosmetics applications of mangeferin by 2030. With expanding applications in pharmaceutical, personal care and food & beverages industry manufacturers are focusing on collaboration with local.
Mangiferin Market: Competition Outlook
Mangerfin manufacturing company are on product customization with respect to application and enhancing their product capacity over the forecast period. Company offers mangerfin with varied compositions and application-specific extracted from their source. As mangiferin extracted from fruit peels and stem finds its usage mostly in pharmaceutical and food & beverages industry, whereas mangerfin extracted from mango tree’s leaves are used mostly in cosmetics and beauty products.
Prominent global players of previous pavement market includes Kingherbs Limited, Hunan World Well-Being Bio-Tech Co., Ltd., Hunan Yc Biological Technology Co., Ltd., Nanjing Zelang Medical Technology Co., Ltd., Green Heaven, Austin Chemical Company, Inc. and H&Z Industry Co.,Ltd.
Furthermore, key players like Kingherbs Limited have announced collaboration with regional farm owners of mango farms in order to taking steps to scale up production capacity to meet mounting demand across the globe. The increasing opportunities and growing future scope will increase the competitiveness of market, adding the number of mangerfin manufacturers across the globe.
Segmentation analysis of Global Mangiferin Market
Global mangiferin market is bifurcated into four major categories: source, end-use industry and region.
On the basis of source, the global market for mangiferin is divided into:
- Mango Leaves
- Mango Stem
- Mango Fruit Peel
On the basis of end-use industry, the global market for mangiferin is divided into:
- Pharmaceutical Industry
- Personal Care Industry
- Food & Beverages Industry
Based on the region, the global market for mangiferin is segmented as:
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
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