The Passion Flower Extracts Market is projected to reach USD 3.97 billion in 2027. The growing use of antioxidant compounds such as isovitexin, vitexin, quercetin, kaempferol, apigenin, rutin and luteolin glycosides are expected to stimulate demand growth in foodstuffs, pharmaceuticals and personal care products.
One of the primary markets is projected to remain in the pharmaceutical industry. A growing number of health concerns, including insomnia and anxiety disorders, attributable to fluctuating diet and hectic working environments for the workers, are projected to push pharmaceutical firms to use passion floral extract as functional ingredients.
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Major Players Of This Market –
Saw Palmetto Harvesting Company, Monterey Bay Spice Company, Vitacost, Indena S.p.A., The Good Scents Company, Naturalin Bio-Resources Co., Ltd, SBL Global, Avena Botanicals, Alchem International Pvt. Ltd., and Martin Bauer Group, among others.
Further key findings from the report suggest
- The demand growth for passion flower extract is driven primarily by the remedy industry, followed by the food and beverage industry as well as food supplements.
- The associated CNS effects are caused by the active ingredients of the passion flower extracts such as chrysin and pyrone derived maltol.
- From 2019 to 2027, organic products are projected to grow most rapidly in CAGR. The growing demand for organic products is driving increasing concerns about the impacts of hazardous chemicals found in traditional products.
- During the forecast era, the pharmaceutical segment will increase significantly. The segment growth is projected to be driven by high demand in pharmaceutical applications such as anxiety and insomnia cure.
- From 2019 to 2027 it is expected that the personal care segment will rise fastest. The product is rich in vitamins A and C, as well as essential fatty acids that protect the skin.
- The most rapid expansion of the 2019-2027 CAGR is expected in North America. In countries including the United States and Canada, a high prevalence of insomnia is expected to raise drug demand.
- In March 2019, BI Nutraceuticals, a leading full service producer and supplier of plant-based ingredients, was acquired by Martin Bauer Company. This acquisition is expected to create a large portfolio of the company’s botanical ingredients. This will also increase the US customer base for the product.
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For the purpose of this report, Reports and Data has segmented into the Passion Flower Extracts Market on the basis of Product, Application, and Region:
Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Organic
- Conventional
Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Pharmaceutical
- Nutraceutical
- Personal care
- Food and beverages
Regional Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- North America
- U.S
- Canada
- Europe
- UK
- Germany
- France
- BENELUX
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
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