GVR Report cover 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

  • Report ID: GVR-3-68038-386-7
  • Number of Pages: 80
  • Format: Electronic (PDF)

Report Overview

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 ingredient for manufacturing various products in food & beverage, personal care, and pharma sectors.

U.S. passion flower extracts Market

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.

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 the population of the 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 humans. 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, the consumer prefers this product to get relief from agitation and restlessness. Such diverse applications are anticipated to create growth opportunities for the passion flower extracts market in near future.

Product Insights

Conventional products 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.

The 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 are driving demand for organic products. The 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

The 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

The 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 the global market share in 2018. Over the past few years, 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. A high prevalence of insomnia is anticipated to drive the product demand in countries such as the U.S. and Canada. Some of the popular brands operating in North America are TerraVita, Solaray, ActiveHerb, Bio Nutrition, and Herbal Terra, LLC.

Key Companies & Market Share Insights

Key manufacturers include 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 a competitive advantage. The 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 the vicinity over the next eight years.

Passion Flower Extracts Market Report Scope

Report Attribute

Details

Market size value in 2019

USD 2.72 billion

Revenue forecast in 2025

USD 3.62 billion

Growth Rate

CAGR of 5.2% from 2020 to 2025

Base year for estimation

2018

Historical data

2014 - 2017

Forecast period

2019 - 2025

Quantitative units

Revenue in USD billion and CAGR from 2019 to 2025

Report coverage

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

Segments covered

Product, Application, Region

Regional scope

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

Country scope

U.S.; U.K.; Germany; China; Japan; India; Brazil

Key companies profiled

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.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options


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

      • The U.S.

      •  Canada

    • Europe

      • U.K.

      •  Germany

    • Asia Pacific

      • China

      •  India

    • Central & South America

      •  Brazil

    • Middle East & Africa

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