North America Passionfruit Seed Oil Market is worth $ xx million in 2021 and is expected to grow to $ xx million by the end of 2026 with a compound annual rate of xx% between 2021 and 2026.
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 technique used to derive the oil with high quality. Passionfruit seed oil has various applications in distinct platforms. This oil is very rich source of Vitamin A that helps in skin care. In food and beverages industry, passionfruit seed oil has huge benefits as it is good in nutrients.
North America Passionfruit Seed Oil Market Growth:
Prominence for the natural products among consumers is anticipated to set up the demand for the North America passionfruit seed oil market.
Passionfruit seed oil market in North America is mainly lead by the growing number of chronic diseases. Rising number of people with various health related problems and their prevalence for the organic food products is major factor propelling the demand of the market to the extent. Along with this, growing demand to adopt healthy lifestyle is enhancing the growth rate of the North America passionfruit seed oil market. Trend towards natural and clean label products across the region is greatly influencing the market growth towards positive side. Passionfruit seed oil has significant role in food and beverages, skincare products and others. From past few years passionfruit seed oil products are emerging into the market at 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 over the benefits of high-value products among consumers is likely to fuel the growth rate of the market. Bakery & confectionery industry is launched varied products with passionfruit seed oil that is attracting the huge number of customers. This is additionally anticipated to promote the demand of the North America passionfruit seed oil market.
However, high cost of the raw materials is slowly degrading the demand of the market. 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 COVID 19 pandemic is hindering the growth rate of the North America passionfruit seed oil market. Less awareness over the usage of this oil especially in undeveloped countries is hampering the growth rate of the market.
Recent Market Developments:
Based on cosmetic industry, the North America Passionfruit Seed Oil Market is segmented as Lip Care, Skin Care, Aromatherapy, Hair Care and Dietary Supplements. Lip care segment is leading with the dominant shares of the market. Increasing awareness over the availability of premium products among consumers is propelling the growth rate of the market. Skin care segment is expected to have the significant growth opportunities in the coming years.
On the basis of nature, the market is divided into conventional and organic. Conventional segment is ruling with the dominant shares of the market with the increasing prevalence for the clean label and natural products among customers. Conventional segment held 85% of shares in 2020. Besides, organic segment is expected to have the highest CAGR in the coming years.
On the basis of Packaging, the North America passionfruit seed oil market is segmented into Pouches, Aseptic, Tinplate Containers, Jerry Cans, Bottles and Others. Pouches segment is having the dominant shares of the market.
According to End Use, the market is classified into Food & Beverages, Household/Retail, Bakery, Dressing & Condiments, Beverage Processing, Confectionery, Ready Meals, Sauces & Spreads and Others.
Based on the grade, the market is divided into Unrefined and Refined. Refined segment is with the dominant shares of the passionfruit seed oil market.
By Distribution Channel, the North America passionfruit seed oil market segments are Grocery Retailers, Convenience Stores, Hypermarkets/Supermarkets, Food & Drink Specialty Stores, Wholesalers, Independent Small, Online Retail, and Others.
Impact of COVID 19 on North America passionfruit seed oil market:
COVID 19 has spread across the world and disrupted the global economy in unprecedented way. Every sector has faced severe difficulties during the peak time of the spread of the novel coronavirus. Government imposed lockdown restrictions so as to slow down the spread of the disease. Due to this lockdown, there was huge loss for the industries as there is no certainty in the supply chain. However from the last months of 2020, the North America passionfruit seed oil market shares are pushed up. Online platforms have helped the industries in leveraging the demand of the North America passionfruit seed oil market. This flow is to continue in the forecast period 2021-2026.
North America passionfruit seed oil market held the largest shares of the market by owing to increasing disposable income along with rising economy. Increasing demand for the launch of high quality products in skin care and cosmetics is lavishing the growth rate of the market. Along with this, there is rising concern to offer nutritional benefits products in 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 is anticipated to promote the demand of the market.
Canada passionfruit seed oil market is to have the significant CAGR in the foreseen years.
Major key players included in North America Passionfruit Seed Oil Market are:
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Passionfruit Seed Oil Market, By Cosmetic Industry
6.1.1 Lip Care
6.1.2 Skin Care
6.1.4 Hair Care
6.1.5 Dietary Supplements
6.1.6 Market Size Estimations & Forecasts (2021-2026)
6.1.7 Y-o-Y Growth Rate Analysis
6.1.8 Market Attractiveness Index
6.2 Passionfruit Seed Oil Market, By Nature
6.2.3 Market Size Estimations & Forecasts (2021-2026)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Passionfruit Seed Oil Market, By Packaging
6.3.3 Tinplate Containers
6.3.4 Jerry Cans
6.3.7 Market Size Estimations & Forecasts (2021-2026)
6.3.8 Y-o-Y Growth Rate Analysis
6.3.9 Market Attractiveness Index
6.4 Passionfruit Seed Oil Market, By End Use
6.4.1 Food & Beverages
6.4.4 Dressing & Condiments
6.4.5 Beverage Processing
6.4.7 Ready Meals
6.4.8 Sauces & Spreads
6.4.10 Market Size Estimations & Forecasts (2021-2026)
6.4.11 Y-o-Y Growth Rate Analysis
6.4.12 Market Attractiveness Index
6.5 Passionfruit Seed Oil Market, By Grade
6.5.3 Market Size Estimations & Forecasts (2021-2026)
6.5.4 Y-o-Y Growth Rate Analysis
6.5.5 Market Attractiveness Index
6.6 Passionfruit Seed Oil Market, By Distribution Channel
6.6.1 Grocery Retailers
6.6.2 Convenience Stores
6.6.4 Food & Drink Specialty Stores
6.6.6 Independent Small
6.6.7 Online Retail
6.6.9 Market Size Estimations & Forecasts (2021-2026)
6.6.10 Y-o-Y Growth Rate Analysis
6.6.11 Market Attractiveness Index
7. Geographical Landscape
7.1 Regional Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2021 - 2026)
7.2.1 By Country
7.2.2 By Cosmetic Industry
7.2.3 By Nature
7.2.4 By Packaging
7.2.5 By End Use
7.2.6 By Grade
7.2.7 By Distribution Channel
8. Key Player Analysis
8.1 Eternal Essence Oils
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Henry Lamotte OILS GmbH
8.3 O & 3
8.4 AU Natural Organics
8.5 Jarchem Industries Inc
8.6 Venics Organic
8.7 Hollywood Beauty
8.8 Beraca Ingredientes Naturais SA
8.9 H&B Oils Center Co
8.10 Leven Rose
8.11 Henry Los Lamotte oils GmbH
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures