Global passion flower extract demand is anticipated to be valued at USD 3.5 Billion in 2022, forecast to grow at a CAGR of 3.6% to be valued at USD 5.0 Billion from 2022 to 2032. Growth is attributed to increasing demand for organic-based products.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2021) | USD 2.4 Billion |
| Expected Market Value (2022) | USD 3.5 Billion |
| Anticipated Forecast Value (2032) | USD 5.0 Billion |
| Projected Growth Rate (2022 to 2032) | 3.6% CAGR |
Passionflower (also known as passiflora incarnate) is a herbal supplement, which is used in treating anxiety, insomnia, seizures, and hysteria. A perennial climbing vine native to southeastern North America, the passion flower is now grown throughout Europe.
The herbal supplement is composed of the flowers, leaves, and stems of the plant. When used in complementary medicine, passion flower is available as infusions, teas, liquid extracts, and tinctures.
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.
Other major factors such as the high prevalence of the disorder coupled with rising demand for products with natural anti-anxiety agents are expected to augment the market growth in the near future.
On the contrary, factors including the high cost of Passion Flower Extracts are expected to hinder the market growth during the forecast period.
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The Passion Flower Extract is expected to gain popularity, attributed to being a source of antioxidant compounds, such as vitexin, isovitexin, kaempferol, quercetin, rutin, apigenin, and luteolin glycosides. The quercetin present in the product has bioactive effects on the nervous system that helps with its relaxation. These aforementioned properties of the Passion Flower Extract are expected to accelerate market growth during the forecast period.
The utility of Passion Flower Extract as a functional ingredient for manufacturing various products in the food & beverage, personal care, and pharma sectors is one of the major factors that is expected to fuel market growth in the near future.
Rising consumer awareness regarding the hazardous effects associated with chemical compounds in medicines, nutraceutical products, food, and beverages is anticipated to augment the growth of the Passion Flower Extract market over the analysis period. According to the USA - based National Center for Complementary and Integrative Health (NCCIH), passion flower extract is safe to use as an ingredient in sleeping pills.
The high prevalence of the disorder coupled with the rising demand for products with natural anti-anxiety agents are some other factors that are expected to fuel the market growth during the forecast period.
The massive adoption of plant-based extracts for various therapeutic applications is another factor that propels for growth of the passion flower market in the forthcoming years. Further, the growing number of in vivo studies on utilizing the anxiogenic and anticonvulsant effects is expanding the arena for personal care, functional food, and nutraceutical businesses, which in turn boosts the market growth.
The high cost of Passion Flower Extracts is one of the major factors that is expected to hinder market growth during the forecast period. In addition, the lack of awareness regarding the usage of passion flower extract is another factor that hampers the market growth.
The side effects caused as a result of using passion flower extracts are another factor impeding the growth of the passion flower extract market over the analysis period. The side effects include confusion, dizziness, nausea, vomiting, liver toxicity, and drowsiness, among others.
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The Passion Flower Extract market in Europe is expected to hold the largest share of USD 1.6 Billion. Considering the revenue generation, the regional market is expected to reach a CAGR of 3.0% during the forecast period.
European counties like the United Kingdom, Spain, and Germany have witnessed a spike in cases of insomnia over the last few years. Consequently, European pharmaceutical manufacturers are contemplating increasing their spending on manufacturing passion flower-infused products. This factor is anticipated to propel market growth in the forthcoming years.
The increasing insomnia cases in Europe has led to an increase in expenditure for the manufacturing of products, that contain passion-flower extracts. In the coming years, this trend is expected to improve growth in the regional market.
European pharmaceutical companies are focusing more on developing floral extracts to cure diseases like insomnia in the region, which in turn is expected to propel the market growth in the region.
The Passion Flower Extract market in North America is expected to reach a CAGR of 2% with a market value of USD 1.3 Billion.
North America is anticipated to hold a significant share of the passion flower extract market during the forecast period. The high prevalence of cases of insomnia in the region is projected to propel the product demand in countries like Canada and the USA.
TerraVita, Bio Nutrition, and ActiveHerb are some of the most popular brands functioning in North America, that are focusing on increasing the production of floral extracts in the region, which in turn will augment the growth of the Passion Flower Extracts market during the forecast period.
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Some of the key participants present in the global Passion Flower Extract market include Naturalin Bio-Resources Co. Ltd., Alchem International Pvt. Ltd., Herb Pharm, Indena S.p.A., Avena Botanicals, Martin Bauer Holding GmbH & Co. KG, Givaudan, and Diana Food, among others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as Naturalin Bio-Resources Co. Ltd., Alchem International Pvt. Ltd., and Herb Pharm account for a considerable market size, several regional-level players are also operating across key growth regions, particularly in Europe.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3.6% from 2022 to 2032 |
| Market Value in 2022 | USD 3.5 Billion |
| Market Value in 2032 | USD 5 Billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Nature, Form, End-Use, Distribution Channel, Region |
| Regional Scope | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Country Scope | USA, Canada, Mexico, Brazil, United Kingdom, Germany, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Naturalin Bio-Resources Co. Ltd.; Alchem International Pvt. Ltd.; Herb Pharm; Indena S.p.A; Avena Botanicals; Martin Bauer Holding GmbH & Co. KG; Monterey Bay Spice Company; Saw Palmetto Harvesting Company; Vitacost; The Good Scents Company |
| Report Customization & Pricing | Available upon Request |
FMI projects the global passion flower extract market to expand at a 3.6% value CAGR by 2032
Europe is expected to be the most opportunistic Passion Flower Extract market, expanding at 3.0% CAGR
Naturalin Bio-Resources Co. Ltd., Alchem International Pvt. Ltd., Herb Pharm, and Indena S.p.A., are some prominent Passion Flower Extract manufacturers
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Nature 5.1. Organic 5.2. Conventional 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Form 6.1. Liquid 6.2. Dry 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use 7.1. Food and Beverages 7.2. Pharmacological 7.3. Pharmaceutical 7.4. Nutraceutical 7.5. Dietary Supplements 7.6. Cosmetic and Personal Care 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Distribution Channel 8.1. Direct Sales 8.2. Indirect Sales 8.2.1. Wholesale 8.2.2. Online Retailer 8.2.3. Supermarket 8.2.4. Specialty Stores 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific 9.5. Middle East and Africa 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Naturalin Bio-Resources Co. Ltd. 17.2. Alchem International Pvt. Ltd. 17.3. Herb Pharm 17.4. Indena S.p.A. 17.5. Avena Botanicals 17.6. Martin Bauer Holding GmbH & Co. KG 17.7. Monterey Bay Spice Company 17.8. Saw Palmetto Harvesting Company 17.9. Vitacost 17.10. The Good Scents Company 18. Assumptions & Acronyms Used 19. Research Methodology
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Passion Flower Extract Market
