Passion Flower Extracts Market To Hit Value .62 Billion By 2025Posted by Mrudula Anil Karmarkar on October 20th, 2021 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.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. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/passion-flower-extracts-market/request/rs1 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. Passion Flower Extracts Market Report Highlights
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. Grand View Research has segmented the global passion flower extracts market on the basis of product, application: Passion Flower Extracts Product Outlook (Revenue, USD Million, 2015 - 2025)
Passion Flower Extracts Application Outlook (Revenue, USD Million, 2015 - 2025)
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Like it? Share it! More by this author |