Global Passion Flower Extracts Market by Application (Beverages, Pharmaceutical, Personal Care, Food, Nutraceutical), by Product (Conventional, Organic) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2018, the global market for passion flower extracts was valued at USD 2.55 Billion. It is expected to grow in popularity due to its high level of antioxidant compounds, including quercetin and vitexin. Quercetin, which is found in the product, has bioactive effects that aid relaxation. These properties will promote passion flower extract's utility as a functional ingredient in various product categories, including food and beverage, personal care, pharma, and pharmaceutical.

The market is expected to grow as consumers become more aware of the dangers associated with chemical compounds found in food, medicines, and nutraceutical products. According to the U.S.-based National Center for Complementary and Integrative Health, passion flower extract can be used as an ingredient in sleeping tablets.

According to the World Health Organization (WHO), one in thirteen people has anxiety disorder. It is extremely common in developed countries. Around 18% of Americans were suffering from anxiety in 2018. It is expected that the market will expand due to the high prevalence of anxiety and rising demand for natural anti-anxiety products.

There are approximately 500 species in the genus Passiflora that have been identified to date. As it can be used to treat anxiety and insomnia, extract of Passiflora incognita will likely see a significant increase in demand. Passionflower extract is used by many Americans for treating earaches, liver diseases, wounds and boils. However, Europeans prefer this product to relieve agitation and restlessness. These applications will likely create new growth opportunities in the market for passion flower extracts.

Product Insights

In 2018, more than 85% of the market was held by conventional products. These products are affordable and readily available. Passiflora extract-based flavoring agents can be found in many companies. They can be used in smoothies and juices as well as other icy drinks.

From 2019 to 2025, the organic product will grow at a CAGR of 6.17%. Organic products are in high demand due to rising concerns about the harmful effects of chemicals found in conventional products. It is an eco-friendly choice because it can eliminate soil and underwater contamination, and preserve biodiversity. Jiangcheng Green Banna Ecological Food Co. Ltd. is a Chinese manufacturer of passion fruit extract and supplies it to Germany and New Zealand.

Application Insights

In 2018, the pharmaceutical segment generated USD 1.86 billion in revenue and is forecast to continue growing at a rapid pace during the forecast period. The segment is expected to grow because of the high demand for pharmaceutical applications like anxiety and insomnia cure medicine. It can also be used to treat alcoholism, migraine, among other conditions. Passion flower extract is used in South America to treat asthma, bronchitis and whooping cough. Passion flower extract can be used to treat hypertension and menopausal symptoms. SBL Pvt. Ltd. and Nature's Answer, are two of the most important Passiflora extract producers.

Personal care is expected to see the fastest CAGR at 8.3% between 2019 and 2025. It is rich in vitamins A, C, and essential oils, making it beneficial for skin. It also has great moisturizing and hydrating properties. These extracts are used in a variety of anti wrinkle as well as anti-aging products.

Regional Insights

In 2018, 34.4% of global market share was held by Europe. In 2018, 34.4% of the global market share was held by Europe. This is the highest number of cases of insomnia in the European countries. European pharmaceutical companies are expected to spend more on passion flower extracts. This will fuel regional market growth over the next few years.

North America will experience the fastest growth rate of 6.3% between 2019 and 2025. The high incidence of insomnia in the U.S. is expected to increase product demand. TerraVita, Solaray, ActiveHerb, Bio Nutrition, and Herbal Terra, LLC are some of the most well-known brands in North America.

Market Share Insights & Key Companies

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. Martin Bauer Group, Avena Botanicals, Martin Bauer Group. To gain competitive advantage, the companies concentrate on product development. Over the next eight years, the industry participants will be able to establish strategic business units within the region due to the rise in middle-income groups in emerging economies like China and India.

Passion Flower Extracts Market Report Scope

The report covers segments

This report forecasts revenue growth at the global, regional and country levels. It also provides analysis of industry trends in each sub-segment from 2015 to 2025. Grand View Research has divided the global passion flower extracts market by product, region, and application.

• Product Outlook (Revenue USD Million; 2015-2025)

  • Organic

  • Conventional

• Application Outlook (Revenue USD Million; 2015-2025)

  • Pharmaceutical

  • Nutraceutical

  • Personal care

  • Food and beverages

• Regional Outlook (Revenue USD Million; 2015-2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

These are the most frequently asked questions about this report

b. Global market for passion flower extracts was valued at USD 2.72 Billion in 2019, and is forecast to grow to USD 2.86 Billion by 2020.

b. Global passion flower extracts market will grow at a compound annual rate of 5.2% between 2019 and 2025, reaching USD 3.62 billion in 2025.

b. With a market share of 85.1%, the passion flower extracts industry was dominated by conventional products in 2019. Their cost-effectiveness, availability, and accessibility are the reasons for their dominance in the passion flower extracts market.

b. b. Ltd., Martin Bauer Group, and Avena Botanicals.

b. Market growth is being driven by several key factors, including increasing consumer awareness about the dangers associated with chemical compounds in medicines, nutraceutical and food & beverage products.

Up Market Research published a new report titled “Passion Flower Extracts Market research report which is segmented by Application (Beverages, Pharmaceutical, Personal Care, Food, Nutraceutical), by Product (Conventional, Organic), By Players/Companies Vitacost, Indena SpA, SBL Global, TMonterey Bay Spice Company, Avena Botanicals, Ltd, The Good Scents Company, Naturalin Bio-Resources Co, Martin Bauer Group, Saw Palmetto Harvesting Company, Alchem International Pvt Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Passion Flower Extracts Market Report Segments:

The market is segmented by Application (Beverages, Pharmaceutical, Personal Care, Food, Nutraceutical), by Product (Conventional, Organic).

Passion Flower Extracts Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Passion Flower Extracts Market

Overview of the regional outlook of the Passion Flower Extracts Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Passion Flower Extracts Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Passion Flower Extracts Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Beverages

                2. Pharmaceutical

                3. Personal Care

                4. Food

                5. Nutraceutical

                1. Conventional

                2. Organic

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Passion Flower Extracts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Passion Flower Extracts Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.