The North American passionfruit Seed Oil Market is worth $0.76 billion in 2024 and is expected to grow to $0.96 billion by the end of 2029, with a compound annual rate of 4.82% between 2024 and 2029.
Passionfruit seed oil is extracted from the seeds of passion fruit. The oil is derived from various techniques from the fruit seeds. Cold pressing technique is one of the common techniques used to derive the oil with high quality. Passionfruit seed oil has various applications in distinct platforms. This oil is a very rich source of Vitamin A that helps in skin care. In the food and beverages industry, passionfruit seed oil has huge benefits as it is good in nutrients. Prominence for natural products among consumers is anticipated to set up the demand for the North American passionfruit seed oil market.
The passionfruit seed oil market in North America is mainly led by the growing number of chronic diseases. The rising number of people with various health-related problems and the prevalence of organic food products is a major factor propelling the demand of the market to the extent. Along with this, the growing demand to adopt a healthy lifestyle is enhancing the growth rate of the North American passionfruit seed oil market. The trend towards natural and clean-label products across the region is greatly influencing the positive side of market growth. Passionfruit seed oil has a significant role in food and beverages, skincare products, and others. In the past few years, passionfruit seed oil products have emerged into the market at a higher pace. This is to create certain growth opportunities in the coming years as well. Growing demand from the bakery & confectionary industry to increase the usage of passionfruit seed oil is leveraging the growth rate of the market tremendously. In addition, creating awareness of the benefits of high-value products among consumers is likely to fuel the growth rate of the market. The bakery & confectionery industry has launched varied products with passionfruit seed oil that is attracting a huge number of customers. This is additionally anticipated to promote the demand of the North America passionfruit seed oil market.
However, the high cost of the raw materials is slowly degrading the demand of the market. The lack of skilled people in deriving the oil using techniques is also a challenging attribute for the market players. Along with this, fluctuations in the supply chain due to the COVID-19 pandemic are hindering the growth rate of the North American passionfruit seed oil market. Less awareness of the usage of this oil, especially in undeveloped countries, is hampering the growth rate of the market.
This research report on the North American passionfruit Seed Oil Market is segmented and sub-segmented into the following categories.
North America Passionfruit Seed Oil Market - By Cosmetic Industry:
The lip care segment is leading with the dominant shares of the market. Increasing awareness of the availability of premium products among consumers is propelling the growth rate of the market. The skin care segment is expected to have significant growth opportunities in the coming years.
North America Passionfruit Seed Oil Market - By Nature:
The conventional segment is ruling with the dominant shares of the market with the increasing prevalence of clean labels and natural products among customers. The conventional segment held 85% of the shares in 2020. Besides, the organic segment is expected to have the highest CAGR in the coming years.
North America Passionfruit Seed Oil Market - By Packaging:
The pouches segment has the dominant share of the market.
North America Passionfruit Seed Oil Market - By End Use:
North America Passionfruit Seed Oil Market - By Grade:
The refined segment is the dominant share of the passionfruit seed oil market.
North America Passionfruit Seed Oil Market - By Distribution Channel:
COVID-19 has spread across the world and disrupted the global economy in an unprecedented way. Every sector has faced severe difficulties during the peak time of the spread of the novel coronavirus. The government imposed lockdown restrictions so as to slow down the spread of the disease. Due to this lockdown, there was a huge loss for the industries as there was no certainty in the supply chain. However, from the last months of 2020, the North American passionfruit seed oil market shares have pushed up. Online platforms have helped industries leverage the demand of the North American passionfruit seed oil market. This flow is to continue in the forecast period 2022 - 2027.
North America Passionfruit Seed Oil Market - By Region:
North America's passionfruit seed oil market held the largest shares of the market owing to increasing disposable income along with the rising economy. Increasing demand for the launch of high-quality products in skincare and cosmetics is increasing the growth rate of the market. Along with this, there is a rising concern about offering nutritional benefits products in the food and beverage industry that is quietly impelling the demand of the market in this region.
US passionfruit seed oil market is gaining traction over the shares of the market. Rising applications of passionfruit seed oil applications in various industries like cosmetology are anticipated to promote the demand of the market.
Canada's passionfruit seed oil market is to have a significant CAGR in the foreseen years.
Key Market Players:
Major Key players included in North America Passionfruit Seed Oil Market are Eternal Essence Oils, Henry Lamotte OILS GmbH, O & 3, AU Natural Organics, Jarchem Industries Inc, Venics Organic, Hollywood Beauty, Beraca Ingredients Naturais SA, H&B Oils Center Co, Leven Rose, and Henry Los Lamotte oils GmbH
Frequently Asked Questions
Factors driving market growth include increasing consumer awareness of natural and organic skincare products, rising demand for plant-based ingredients, and the oil's various health benefits, such as promoting skin health and reducing inflammation.
Challenges may include fluctuations in raw material prices, regulatory issues related to labeling and claims, competition from other natural oils, and sustainable sourcing practices to meet consumer demands for ethical and eco-friendly products.
Emerging trends may include the development of new formulations combining passionfruit seed oil with other natural ingredients for enhanced skincare benefits, such as anti-aging properties, UV protection, and skin-brightening effects.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1400
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: sales@marketdataforecast.com
Reports By Region