The global passion fruit extract market size is expected US$ 634.9 million in 2023. The worldwide demand for passion fruit extracts is anticipated to rise at a CAGR of 8.4% from 2023 to 2033. The total market value is projected to reach US$ 1,420.3 million by 2033.
The increasing usage of passion fruit extract as a cosmetic ingredient by cosmetics businesses, in response to rising consumer demand for novel ingredients with numerous benefits, is the primary factor driving the market expansion for passion fruit extract.
Passion fruit extract for personal care and cosmetics market research study by Future Market Insights contains global industry analysis from 2014 to 2021 and opportunity estimate from 2022 to 2029. The paper examines the market for passion fruit extract and offers significant predictions for the period between 2022 and 2029.
According to the report’s findings, the market for passion fruit extract is expected to develop significantly over the forecast period due to a number of factors, including rising fruit component use in cosmetics goods and rising consumer demand for anti-aging and skin care products.
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As the ‘clean beauty’ trend continues to take the personal care & cosmetics industry by storm, manufacturers of natural and value-added ingredients including passion fruit extract should be looking at a period of sustained demand, according to FMI’s analysis.
East Asia and South Asia to Present Lucrative Opportunities
Given the ongoing advancements used by cosmetics businesses, regions like South Asia and East Asia are predicted to experience a significant expansion for the passion fruit extract market. The market for passion fruit extract is also expanding in terms of volume due to the region’s substantial production of passion fruit, particularly in China.
However, due to the presence of sizable cosmetics industries in the two regions, North America and Europe are anticipated to hold a sizable proportion of the global market for passion fruit extract for personal care and cosmetics. Businesses in these areas are mostly engaged in importing passion fruits from Southeast Asia, Japan, and Latin America for use in cosmetics products.
Latin America produces a considerable amount of passion fruit, thus it is projected that cosmetics companies specialising in the extract would establish a presence there. Brazil is anticipated to produce over 70% of the world’s passion fruit. As a result of their increased market penetration in Latin America, businesses may experience a large increase in the value and volume of the passion fruit extract market for personal care and cosmetics.
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Increasing Use of Passion Fruit Seeds Oil as Ingredient Significantly Fueling Growth of the Market
The global market for passion fruit extract for personal care and cosmetics has been segmented on the basis of species, source, application, form, extraction method, nature, and regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa.
- By species, the Passiflora flavicarpa is expected to hold prominent value shares in the passion fruit extract for personal care and cosmetics market. This has majorly resulted from high production and great source of vitamin C and its significant use in the anti-ageing cosmetics.
- On the basis of form, the powder segment is expected to hold a significant share in the passion fruit extract for cosmetics market.
- On the basis of application, the skin care segment is expected to hold a significant market value share in the global passion fruit extract for personal care and cosmetics market due to increasing customer’s awareness towards skin care products.
Passion Fruit Extract for Personal Care and Cosmetics Market: Vendor Insights
Some of the examples of key players in the global market
- Making Cosmetics Inc.
- Passi AG (Concentra Holding AG)
- Caribbean Natural Products, Inc.
- DENNICK FRUITSOURCE, LLC.
- NOF Corporation
- Jedwards International, Inc.
- Natural Sourcing, LLC.
- Symrise
The global passion fruit extract for personal care and cosmetics market is significantly consolidated with some players holding prominent shares of the market. These players are offering passion fruit extract for cosmetics under the brands such as Elastocoat®, SherLastic, PERMA-CRETE® PITT-FLEX®, and TEKNOPUR, among others.
Global Passion Fruit Extract Market by Category
By Form, Global Passion Fruit Extract Market is segmented as:
- Powder
- Oil
- Concentrate
By Source, Global Passion Fruit Extract Market is segmented as:
- Peel
- Pulp
- Seed
By Nature, Global Passion Fruit Extract Market is segmented as:
- Organic Passion Fruit Extract
- Conventional Passion Fruit Extract
By Species Type, Global Passion Fruit Extract Market is segmented as:
- Passiflora Edulis
- Passiflora Flavicarpa
- Passiflora Ligularis
- Passiflora Caerulea
- Others
By Application Global Passion Fruit Extract Market is segmented as:
- Skincare
- Sunscreen
- Moisturizer, Cream & Lotion
- Eye Revilitizers
- Face Cleanser & Body Wash
- Haircare
- Shampoo
- Conditioner
- Oil & Serum
- Cosmetics
- Lip Care
- Nail Care
- Others
By Extraction Method Global Passion Fruit Extract Market is segmented as:
- Cold Process/Cold Pressed
- Spray Drying
- Distillation
- Ultrasound Assisted Leaching Extraction (UE)
- Supercritical Fluid Extraction
- Others
By Region, Global Passion Fruit Extract Market is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
Author
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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