Passion Flower Extracts Market is Projected to Register 5.2% CAGR till 2025

The global Passion Flower Extracts Market size is expected to reach USD 3.62 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.2% during the forecast period. Rising application of the product in food, pharma, and personal care products due to the presence of antioxidant compounds, such as isovitexin, vitexin, quercetin, kaempferol, apigenin, rutin, and luteolin glycosides, is anticipated to drive the market growth.
Organic passion flower extracts is expected to witness a CAGR of 6.2% from 2019 to 2025. Rising importance of organic labeling in nutrition and pharma sectors as a result of increasing awareness regarding freshness of the products and disadvantages of synthetic chemical ingredients is expected to promote the use of Passiflora extract as functional ingredients. The product helps reduce soil emission levels which makes it beneficial for environment sustainability.
Pharmaceutical segment is expected to remain one of the key markets. Rising occurrences of health problems including insomnia and anxiety disorders owing to the fluctuating diet patterns and hectic work style among working class population is expected to force the pharma companies to incorporate the use of passion flower extract as functional ingredients.
Europe is expected to lead the passion flower extracts market over the next eight years. In 2018, more than 15% of the total population across 16 European countries including Portugal, France, Germany, Spain, and Italy suffered from insomnia symptoms including waking up during the night, difficulty falling asleep at night, and daytime tiredness among others. The high prevalence of insomnia is expected to increase the use of passion flower extracts in the sleep inducing drugs.
Companies invest in innovation and R&D to launch new product and to boost their market share. For instance, Nature's Answer launched passion flower extract standardized veggie capsules made with the unique bio-chelated proprietary extraction process.
Request a free sample copy or view report summary @ Passion Flower Extracts Market Report
Passion Flower Extracts Market Report Highlights
  • Conventional products generated a revenue of USD 2.19 billion in 2018
  • Personal care is expected to expand at the fastest CAGR of 8.3% from 2019 to 2025
  • North America is expected to register the fastest CAGR of 6.7% over the forecast period
  • The key players operating in the passion flower extracts market are 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

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