The global passion flower extracts market size is expected to reach USD 3.62
billion by 2025, according to a new report by Grand View Research, Inc. It is
projected to expand at a CAGR of 5.2% during the forecast period. Rising
application of the product in food, pharma, and personal care products due to
the presence of antioxidant compounds, such as isovitexin, vitexin, quercetin,
kaempferol, apigenin, rutin, and luteolin glycosides, is anticipated to drive
the market growth.
Organic passion flower extracts is expected
to witness a CAGR of 6.2% from 2019 to 2025. Rising importance of organic
labeling in nutrition and pharma sectors as a result of increasing awareness
regarding freshness of the products and disadvantages of synthetic chemical
ingredients is expected to promote the use of Passiflora extract as functional
ingredients. The product helps reduce soil emission levels which makes it
beneficial for environment sustainability.
Pharmaceutical segment is expected to
remain one of the key markets. Rising occurrences of health problems including insomnia
and anxiety disorders owing to the fluctuating diet patterns and hectic work
style among working class population is expected to force the pharma companies
to incorporate the use of passion flower extract as functional ingredients.
Europe is expected to lead the passion
flower extracts market over the next eight years. In 2018, more than 15% of the
total population across 16 European countries including Portugal, France,
Germany, Spain, and Italy suffered from insomnia symptoms including waking up during
the night, difficulty falling asleep at night, and daytime tiredness among
others. The high prevalence of insomnia is expected to increase the use of
passion flower extracts in the sleep inducing drugs.
Companies invest in innovation and R&D
to launch new product and to boost their market share. For instance, Nature's
Answer launched passion flower extract standardized veggie capsules made with
the unique bio-chelated proprietary extraction process.
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or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/passion-flower-extracts-market
https://www.grandviewresearch.com/industry-analysis/passion-flower-extracts-market
Further key findings from the report suggest:
· Conventional products generated a revenue
of USD 2.19 billion in 2018
· Personal care is expected to expand at the
fastest CAGR of 8.3% from 2019 to 2025
· North America is expected to register the
fastest CAGR of 6.7% over the forecast period
· The key players operating in the passion
flower extracts market are Monterey Bay Spice Company, Saw Palmetto Harvesting
Company, Vitacost, The Good Scents Company, Indena S.p.A., SBL Global,
Naturalin Bio-Resources Co., Ltd, Alchem International Pvt. Ltd., Avena
Botanicals, and Martin Bauer Group
Grand View Research has segmented the
global passion flower extracts market on the basis of product, application, and
region:
Passion Flower Extracts Product Outlook
(Revenue, USD Million, 2015 - 2025)
·
Organic
·
Conventional
Passion Flower Extracts Application Outlook
(Revenue, USD Million, 2015 - 2025)
·
Pharmaceutical
·
Nutraceutical
·
Personal Care
·
Food and Beverages
Passion Flower Extracts Regional Outlook
(Revenue, USD Million, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
