Passionfruit Seed Oil Market

Passionfruit Seed Oil Market Size, Growth (2023-2028)

The Global Passionfruit Seed Oil Market size was worth US$ 2 billion in 2022, and it is estimated that it will reach a valuation of US$ 4 billion by 2028 with an annual development rate of 5.4% between 2023 and 2028.

Product Description:

Passionfruit seed oil complements the digestive process due to the presence of dietary fiber. This extract contains a very small number of calories, 17 calories per fruit, which helps with weight loss and heart disease. The presence of vitamins B2 and B6 supports the mucous membrane of the digestive tract. Also, passion fruit extract is suitable for diabetics in response to an increase in blood sugar according to the hypoglycemia index (GI). The rich nutritional content of passionfruit seed oil helps the fetus grow and develop. High fiber content reduces digestive problems and prevents constipation. In addition, a sufficient content of iron and copper promotes the production of red blood cells (RBC), improving blood circulation. Passionfruit seed oil contains minerals such as iron, copper, magnesium, and phosphorus to improve bone density and bone strength. In addition, the beta-carotene in passionfruit seed oil promotes bone development and body tissue reconstruction.

Recent Developments in Passionfruit Seed Oil Industry:

• Henry Lamotte OILS GmbH, based in the United States, has started offering virgin / unrefined forms of passion fruit seed oil that are widely applied in hair treatment. It is available worldwide through online channels like Amazon.
• Leven Rose, one of the trusted companies known for providing high-quality personal care and cosmetic products, offers a 100% organic passion fruit seed oil called " Maracuja Passion Fruit Seed Oil -1 oz.".

Passionfruit Seed Oil Market Growth:

One of the main trends of growth in the global passion fruit seed market is the gradual change in consumer purchasing patterns.

REPORT COVERAGE:

Drivers:

Changes in consumer lifestyles, food preferences, and increased cases of vitamin deficiency are important factors driving demand for vitamin A and fiber-rich passion fruit seed oil. Consumers are becoming increasingly health and wellness conscious. This is considered to be one of the main reasons that are improving the market growth of passion fruit seed oil market. By using appropriate labeling and advertising to inform consumers of the same facts, you can promote growth of the passion fruit seed market during the forecast period. Also, as the trend of 'migration to organic agriculture' increases, the demand for organically produced passion fruit seed oil increases, one of the main factors affecting various industries such as food and beverages. People know more about their health and wellness and now they tend to buy products that will improve their lifestyle. This oil contains B vitamins riboflavin and niacin. Passion fruit seed oil is high in antioxidants which can protect the skin from environmental pollution such as dust and noise. Women suffer from many diseases, such as the thyroid gland, due to lifestyle changes, and the demand for passion fruit seed oil is increasing because it helps regulate thyroid activity in the human body. Another important factor for the general development of the world market of passion fruit seed oil is its medicinal properties which is rich source of fiber and vitamin A. These broad medical properties have made these products popular and have helped the overall growth of the global market. Consumers prefer foods that not only satisfy their appetite, but also help increase immunity. The functional food industry is growing due to changes in consumer preferences. The number of consumers of functional food products is increasing with product innovations leading to different combinations of flavors and availability of different products.

Additionally, passionfruit seed oil is popular worldwide as a modern superfood due to its beneficial properties. The growth of the functional food industry has a direct impact on the expansion of the passion fruit seed oil market, one of the key ingredients in functional foods. These changes are expected to create enough opportunities for new players to enter the functional food industry. This is one of the main factors driving the growth of the global passionfruit seed oil market. Significant changes in diet and eating patterns have been observed, as the number of consumers who like healthy foods has increased dramatically compared to those who prefer junk food. Increasing consumer awareness of high value-added products that provide nutritional benefits is one of the main factors driving demand for passionfruit seed oil. Additionally, manufacturers are interested in using passion fruit in bakery and bakery products to provide a favorable flavor for the final product. The increase in the launch of bakery and confectionery products with passion fruit as a potential ingredient attracts a large part of consumers and is causing significant growth in the global Passionfruit Seed Oil market.

Restraints:

Passionfruit seed oil is not suitable for consumers with a latex allergy due to its structural similarity to latex protein, which causes allergic reactions in certain consumers. The skin of passion fruit contains chemicals, including cyanide glycosides, which, when combined with enzymes, release cyanide, hindering Passionfruit Seed Oil market growth during the forecast period.

Impact of COVID 19 on the Passion fruit Seed Oil Market:

The COVID-19 epidemic is expected to have a significant impact on the growth of the global passion fruit seed oil market. The food industry, along with other industries, faces losses by limiting production due to irregular cultivation of passion fruit seed oil, hindering the market growth. In addition to a number of challenges within the supply chain, declining consumer demand for premium products is another factor that may hinder the overall growth of the global passion fruit seed market, especially in 2020. Among new COVID-19 viruses, restrictions on trade, transport and closure have created huge failures throughout the supply chain. Sales through offline sales channels will lead to success. This requires companies to focus on online platforms to increase sales and generate revenue. Therefore, market demand for passion fruit seed oil is decreasing. Blockades imposed on developing countries like China, the United States and India can have a negative impact on the market by limiting access to quality products.

Passionfruit Seed Oil Market Segmentation Analysis:

The Passionfruit Seed Oil Market is segmented by Cosmetic Industry as Lip Care, Skin Care, Aromatherapy, Hair Care and Dietary Supplements;  by Nature as Conventional and Organic; by Packaging as Pouches, Aseptic, Tinplate Containers, Jerry Cans, Bottles and Others; by End Use as Food & Beverages, Household/Retail, Bakery, Dressing & Condiments, Beverage Processing, Confectionery, Ready Meals, Sauces & Spreads and Others; by Grade as Unrefined and Refined; by Distribution Channel as Grocery Retailers, Convenience Stores, Hypermarkets/Supermarkets, Food & Drink Specialty Stores, Wholesalers, Independent Small, Online Retail, and Others.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

Geographically, the Passion fruit Seed Oil market is classified into Asia Pacific, North America, Latin America, Europe and the Middle East and Africa of the world market of passion fruit seed oil. The global market is expected to be driven by North America. Increased consumer awareness, the presence of key players, and popularization of popularization trends are among the key factors expected to drive growth in the North American market. In today's digital age, social media platforms have played an essential role in raising awareness of the potential benefits of passion fruit seed oil, which has led to sales of passion fruit seed oil continuing to rise. In South America and Europe, the uptake of passion fruit seed oil is relatively high, but the popularity of the Asia Pacific region is gradually increasing. Several participants in today's passion fruit seed oil market are expected to focus on planning effective marketing campaigns to expand their market share in the coming years.

Key Players in the Market:

Major Key Players in the Global 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 Ingredientes Naturais SA
• H&B Oils Center Co
• Leven Rose
• Henry Los Lamotte oils GmbH