Global Passionfruit Seed Oil Market Size, Share, Trends, & Growth Forecast Report - Segmented By Cosmetic Industry (Lip Care, Skin Care, Aromatherapy, Hair Care And Dietary Supplements), Nature (Conventional And Organic), Packaging (Pouches, Aseptic, Tinplate Containers, Jerry Cans, Bottles And Others), End Use (Food & Beverages, Household/Retail, Bakery, Dressing & Condiments, Beverage Processing, Confectionery, Ready Meals, Sauces & Spreads And Others), Grade (Unrefined And Refined), Distribution Channel (Grocery Retailers, Convenience Stores, Hypermarkets/Supermarkets, Food & Drink Specialty Stores, Wholesalers, Independent Small, Online Retail, And Others), And Region(North America, Europe, Asia-Pacific, Latin America, Middle East And Africa) - Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2024 To 2032

Updated On: June, 2024
ID: 10113
Pages: 175

Global Passionfruit Seed Oil Market Size (2024 To 2032)

The size of the global passionfruit seed oil market is expected to be worth USD 2.22 billion in 2024 and grow at a CAGR of 5.40% from 2024 to 2032 to achieve USD 3.38 billion by 2032.

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

MARKET 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.

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.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2032

Base Year

2023

Forecast Period

2024 to 2032

CAGR

5.40%

Segments Covered

By cosmetic industry, nature, packaging, end use, grade, distribution channel, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

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 and Others.

 

SEGMENTAL ANALYSIS

By Cosmetic Industry Insights

The skincare products segment holds the largest share of the passionfruit seed oil market, driven by the increasing consumer demand for natural ingredients in cosmetics and personal care items. In 2023, this segment occupied the highest share of the market, reflecting the growing trend toward organic and sustainably sourced products. Passionfruit seed oil is valued for its moisturizing and anti-aging properties, making it a popular choice in skincare formulations.

The functional foods segment is the fastest-growing in the passionfruit seed oil market, projected to grow at a compound annual growth rate (CAGR) of 14% during the forecast period. This growth is attributed to the increasing interest in health and wellness, leading to the incorporation of beneficial ingredients like passionfruit seed oil in food products. Consumers are seeking functional foods that offer additional health benefits, such as improved digestion and heart health, which is driving the demand for passionfruit seed oil in this segment.

By Nature Insights

The conventional passionfruit seed oil segment holds the largest share of the market, driven by its broader availability, lower production costs, and wider adoption across various industries. In 2023, this segment occupied the highest share of the passionfruit seed oil market. Its cost-effectiveness and accessibility make it a preferred choice for manufacturers in cosmetics, personal care, and food products.

The organic passionfruit seed oil segment is the fastest-growing, projected to grow at a compound annual growth rate (CAGR) of 15% during the forecast period. This growth is attributed to increasing consumer demand for organic and sustainably sourced products, especially in the cosmetic and food industries. Consumers are increasingly seeking natural and organic ingredients, driving the demand for organic passionfruit seed oil.

By Packaging Insights

The bottles segment holds the largest share of the passionfruit seed oil market, driven by its widespread use in consumer retail products, especially in the cosmetic and personal care industries. Bottles, particularly glass or high-quality plastic, help preserve the oil’s purity and ensure its visual appeal on store shelves. This packaging type is essential for maintaining the oil's quality and enhancing its marketability, making it a preferred choice for manufacturers and consumers alike.

The pouches segment is the fastest-growing in the passionfruit seed oil market, projected to grow at a compound annual growth rate (CAGR) of 14% during the forecast period. This growth is attributed to the increasing demand for convenient, cost-effective, and eco-friendly packaging solutions. Pouches are lightweight, easy to handle, and generally use less plastic than bottles or jerry cans, contributing to a reduced carbon footprint. Their compact nature appeals to environmentally conscious consumers and those seeking affordable alternatives, driving their popularity in the market.

By End Use Insights

The Food & Beverages segment holds the largest share of the passionfruit seed oil market, driven by its incorporation into various products such as oils, spreads, smoothies, and health supplements. This segment is significant due to the increasing consumer demand for functional foods and beverages that promote health and wellness. The global passion fruit seed oil market was valued at USD 2.11 billion in 2023 and is projected to reach USD 3.21 billion by 2031, with a compound annual growth rate (CAGR) of 5.40% during the forecast period of 2024 to 2031.

The Household/Retail segment is the fastest-growing in the passionfruit seed oil market, driven by the rising popularity of natural, organic, and multi-purpose oils among health-conscious consumers. This segment is expanding as consumers increasingly seek products with proven benefits and minimal synthetic additives. The global passion fruit seed oil market is projected to reach USD 3.21 billion by 2031, with a CAGR of 5.40% during the forecast period of 2024 to 2031.

By Grade Insights

The unrefined segment holds a significant share of the passionfruit seed oil market, driven by its high nutritional value and minimal processing. Unrefined oil retains essential fatty acids, vitamins A and C, and antioxidants, making it a preferred choice for cosmetic and personal care products. This segment appeals to consumers seeking natural and organic ingredients, aligning with the growing demand for clean beauty products. The global passion fruit seed oil market was valued at USD 2.11 billion in 2023 and is projected to reach USD 3.21 billion by 2031, with a compound annual growth rate (CAGR) of 5.40% during the forecast period of 2024 to 2031.

The refined segment is the fastest-growing in the passionfruit seed oil market, driven by its versatility and extended shelf life. Refined oil undergoes processing to remove impurities, odors, and colors, making it suitable for use in food products, as well as cosmetics and industrial applications. The refined segment is projected to grow at a compound annual growth rate (CAGR) of 7.1% from 2023 to 2032, reaching USD 450 million by 2032

By Distribution Channel Insights

The Online Retail segment holds the largest share of the passionfruit seed oil market, driven by the increasing trend of consumers purchasing products online, especially those seeking specialty and natural products. This channel offers convenience, a wide range of options, and the ability to compare products and prices easily. The global passion fruit seed oil market was valued at USD 2.11 billion in 2023 and is projected to reach USD 3.21 billion by 2031, with a compound annual growth rate (CAGR) of 5.40% during the forecast period of 2024 to 2031.

The Specialty Stores segment, a subcategory within offline retail, is the fastest-growing segment in the passionfruit seed oil market. These stores focus on niche and premium products, aligning with the preferences of consumers seeking specific and high-quality items like passionfruit seed oil. The increasing consumer demand for natural and organic products is driving the growth of this segment. The global passion fruit seed oil market is projected to reach USD 3.21 billion by 2031, with a CAGR of 5.40% during the forecast period of 2024 to 2031.

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 GLOBAL PASSIONFRUIT SEED OIL 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 and Others.

RECENT HAPPENINGS IN THE MARKET

  • 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.".

DETAILED SEGMENTATION OF THE GLOBAL PASSIONFRUIT SEED OIL MARKET INCLUDED IN THIS REPORT

This research report on the global passionfruit seed oil market has been segmented and sub-segmented based on cosmetic industry, nature, packaging, end use, grade, distribution channel, and region.

By Cosmetic Industry

  • Lip Care
  • Skin Care
  • Aromatherapy
  • Hair Care
  • Dietary Supplements

By Nature

  • Conventional
  • Organic

By Packaging

  • Pouches
  • Aseptic
  • Tinplate Containers
  • Jerry Cans
  • Bottles
  • Others

By End Use

  • Food & Beverages
  • Household/Retail
  • Bakery
  • Dressing & Condiments
  • Beverage Processing
  • Confectionery
  • Ready Meals
  • Sauces & Spreads
  • Others

By Grade

  • Unrefined
  • Refined

By Distribution Channel

  • Grocery Retailers
  • Convenience Stores
  • Hypermarkets/Supermarkets
  • Food & Drink Specialty Stores
  • Wholesalers
  • Independent Small
  • Online Retail
  • Others

By Region

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • The Middle East and Africa

 

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Frequently Asked Questions

1. Mention the major key players in the global Passionfruit Seed Oil 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 and Others.

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