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.
One of the primary drivers driving market development is the expansion of passion fruit extract as a component utilised by cosmetics manufacturers in response to growing consumer demand for novel substances with a range of benefits.
In order to conduct market research on passion fruit extract for personal care and cosmetics, Future Market Insights conducted a study that includes opportunity evaluation starting in the year 2014 and global industry analysis for the period of 2014 to 2021. This essay will examine the passion fruit extract industry and offer noteworthy projections for the years 2021–2021.
The demand for fruit components in cosmetics products has increased due to customers’ growing desires for anti-aging and skin care products, according to the report, which is one of the primary factors driving market expansion.
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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
The market for passion fruit extract is expected to grow significantly in East and South Asia due to the continuous innovations employed by the cosmetics industry. Because so much passion fruit is produced in the region, especially in China, the market for passion fruit extract is growing in volume as well.
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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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