Passion Flower Extracts Market Size, Share & Trends Report

Passion Flower Extracts Market Size, Share & Trends Analysis Report By Product (Organic, Conventional), By Application (Pharmaceutical, Nutraceutical, Personal Care, Food and Beverages), And Segment Forecasts, 2019 - 2025

  • Published Date: Jul, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-3-68038-386-7
  • Format: Electronic (PDF)
  • Historical Data: 2015 - 2017
  • Number of Pages: 80

Industry Insights

The global passion flower extracts market size was estimated at USD 2.55 billion in 2018. The product is expected to gain popularity on account of being a source of antioxidant compounds including isovitexin, vitexin, quercetin, kaempferol, apigenin, rutin, and luteolin glycosides. The quercetin present in the product has bioactive effects on the nervous system that help with its relaxation. The abovementioned properties of passion flower extract are expected to promote its utility as a functional ingredients for manufacturing various products in food & beverage, personal care and pharma sectors.

Rising consumer awareness regarding the hazardous effects associated with chemical compounds in medicines, nutraceutical products, food and beverages is anticipated to bode well for the growth of the market. As per the U.S. based National Center for Complementary and Integrative Health (NCCIH), passion flower extract is safe to use as an ingredient in sleeping pills.

U.S. passion flower extracts Market

As per the report by the World Health Organization (WHO), one out of thirteen people suffer from anxiety disorder. It is highly prevalent in developed countries. In 2018, around 18% of population of U.S. was suffering from anxiety. The high prevalence of the disorder coupled with rising demand for products with natural anti-anxiety agents is anticipated to play a crucial role in expanding the reach of the market.

Around 500 species of genus Passiflora are known to human. Extract of species Passiflora incarnata is anticipated to witness a significant rise in demand as it is useful for the treatment of anxiety and insomnia. A large number of consumers from America use passionflower extract for the treatment of wounds, boils, earaches, and liver diseases, while in Europe, consumer prefers this product to get relief from agitation and restlessness. Such diverse application are anticipated to create growth opportunities for the passion flower extracts market in near future.

Product Insights

Conventional product held the largest market share of more than 85% in 2018. These products are cost effective and easily available. Companies offer Passiflora extract based flavoring agent that can be used in smoothies, juices, and other icy drinks.

Organic product is expected to expand at the fastest CAGR of 6.17% from 2019 to 2025. Rising concerns about the effects of harmful chemicals present in conventional products is driving demand for organic products. Ability of the product to eliminate the risk of soil and underwater contamination and help preserve biodiversity makes it one of the eco-friendly choices. China based passion fruit extract manufacturer, Jiangcheng Green Banna Ecological Food Co., Ltd. manufactures organic yellow passion fruit concentrated juice and supplies it to Germany, New Zealand, and North African countries.

Application Insights

Pharmaceutical segment generated a revenue of USD 1.86 billion in 2018 and is expected to grow at a significant pace over the forecast period. High demand in pharmaceutical applications such as anxiety and insomnia cure medicine is anticipated to drive the segment growth. The product is also used for the treatment of alcoholism, migraine, and others. In South America, passion flower extract is used for the treatment of bronchitis, asthma, and whooping cough. Several species of passion flower have diuretic, sedative, antidiarrheal, anthelmintic, stimulant, and tonic properties, suitable for the treatment of menopausal symptoms and hypertension. SBL Pvt. Ltd., and Nature's Answer are some of the key Passiflora extract manufacturers.

Global passion flower extracts Market

Personal care segment is expected to witness the fastest CAGR of 8.3% from 2019 to 2025. The product is a rich source of vitamins A and C, and essential fatty acids, which makes it beneficial for the skin. The extract also has excellent hydrating and moisturizing properties. These extracts find application in various anti-wrinkle and anti-aging products.

Regional Insights

Europe accounted for 34.4% of global market share in 2018. Over the past few years, the European countries registered the highest cases of insomnia disorders. As a result, the Europe-based pharmaceutical manufacturers are expected to increase spending on manufacturing products incorporating passion flower extracts. This factor is projected to fuel the regional market growth in the forthcoming years.

North America is expected to expand at the fastest CAGR of 6.3% from 2019 to 2025. High prevalence of insomnia is anticipated to drive the product demand in countries such as U.S. and Canada. Some of the popular brands operating in North America are TerraVita, Solaray, ActiveHerb, Bio Nutrition, and Herbal Terra, LLC.

Passion Flower Extracts Market Share Insights

Key manufacturers includes 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. The companies focus on new product developments to gain competitive advantage. Rise in the presence of middle-income groups in developing economies including China and India is projected to allow the industry participants to establish strategic business units in vicinity over the next eight years.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million & CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

Country Scope

U.S., Canada, U.K., Germany, China, India, Brazil

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global passion flower extracts market report on the basis of product, application and region:

  • 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

      • U.S.

      •  Canada

    • Europe

      • U.K.

      •  Germany

    • Asia Pacific

      • China

      •  India

    • Central & South America

      •  Brazil

    • Middle East & Africa

Key questions answered by the report
Request for Customization

Choose License Type

Single User - $5,950
Multi User (2-5) - $6,950
Enterprise Access - $8,950

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • grand view research PCI DSS complaint grand view research paypal verified