Mangiferin Market: Introduction
Advancing pharmaceutical to create mounting demand for mangiferin market 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.
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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 large number of population, these has resulted creating numerous market opportunities for mangiferin over the forecast period (2020-2030). In addition to this, mangiferin also finds their usage for treatment against cancer at its early stages, backed by 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 are useful for fight against 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.
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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.
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
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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