Global passion flower extract demand is anticipated to be valued at US$ 3.5 Billion in 2022, forecast to grow at a CAGR of 3.6% to be valued at US$ 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) | US$ 2.4 Billion |
| Expected Market Value (2022) | US$ 3.5 Billion |
| Anticipated Forecast Value (2032) | US$ 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 US$ 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 US$ 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 | US$ 3.5 Billion |
| Market Value in 2032 | US$ 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 |
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| Regional Scope |
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| Country Scope |
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| Key Companies Profiled |
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| 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 | Passion Flower Extract Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and Their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Nature
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Nature, 2017 to 2021
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Nature, 2022 to 2032
5.3.1. Organic
5.3.2. Conventional
5.4. Y-o-Y Growth Trend Analysis By Nature, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Nature, 2022 to 2032
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Form
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Form, 2017 to 2021
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Form, 2022 to 2032
6.3.1. Liquid
6.3.2. Dry
6.4. Y-o-Y Growth Trend Analysis By Form, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Form, 2022 to 2032
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End Use, 2017 to 2021
7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End Use, 2022 to 2032
7.3.1. Food and Beverages
7.3.2. Pharmacological
7.3.3. Pharmaceutical
7.3.4. Nutraceutical
7.3.5. Dietary Supplements
7.3.6. Cosmetic and Personal Care
7.4. Y-o-Y Growth Trend Analysis By End Use, 2017 to 2021
7.5. Absolute $ Opportunity Analysis By End Use, 2022 to 2032
8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Distribution Channel
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Distribution Channel, 2017 to 2021
8.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Distribution Channel, 2022 to 2032
8.3.1. Direct Sales
8.3.2. Indirect Sales
8.3.2.1. Wholesale
8.3.2.2. Online Retailer
8.3.2.3. Supermarket
8.3.2.4. Specialty Stores
8.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2017 to 2021
8.5. Absolute $ Opportunity Analysis By Distribution Channel, 2022 to 2032
9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2017 to 2021
9.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2022 to 2032
9.3.1. North America
9.3.2. Latin America
9.3.3. Europe
9.3.4. Asia Pacific
9.3.5. Middle East and Africa
9.4. Market Attractiveness Analysis By Region
10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. USA
10.2.1.2. Canada
10.2.2. By Nature
10.2.3. By Form
10.2.4. By End Use
10.2.5. By Distribution Channel
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Nature
10.3.3. By Form
10.3.4. By End Use
10.3.5. By Distribution Channel
10.4. Key Takeaways
11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. Brazil
11.2.1.2. Mexico
11.2.1.3. Rest of Latin America
11.2.2. By Nature
11.2.3. By Form
11.2.4. By End Use
11.2.5. By Distribution Channel
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Nature
11.3.3. By Form
11.3.4. By End Use
11.3.5. By Distribution Channel
11.4. Key Takeaways
12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. Germany
12.2.1.2. United Kingdom
12.2.1.3. France
12.2.1.4. Spain
12.2.1.5. Italy
12.2.1.6. Rest of Europe
12.2.2. By Nature
12.2.3. By Form
12.2.4. By End Use
12.2.5. By Distribution Channel
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Nature
12.3.3. By Form
12.3.4. By End Use
12.3.5. By Distribution Channel
12.4. Key Takeaways
13. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021
13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.1.4. Malaysia
13.2.1.5. Singapore
13.2.1.6. Australia
13.2.1.7. New Zealand
13.2.1.8. Rest of Asia Pacific
13.2.2. By Nature
13.2.3. By Form
13.2.4. By End Use
13.2.5. By Distribution Channel
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Nature
13.3.3. By Form
13.3.4. By End Use
13.3.5. By Distribution Channel
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017 to 2021
14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2022 to 2032
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of Middle East and Africa
14.2.2. By Nature
14.2.3. By Form
14.2.4. By End Use
14.2.5. By Distribution Channel
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Nature
14.3.3. By Form
14.3.4. By End Use
14.3.5. By Distribution Channel
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2021
15.1.2.1. By Nature
15.1.2.2. By Form
15.1.2.3. By End Use
15.1.2.4. By Distribution Channel
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2021
15.2.2.1. By Nature
15.2.2.2. By Form
15.2.2.3. By End Use
15.2.2.4. By Distribution Channel
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2021
15.3.2.1. By Nature
15.3.2.2. By Form
15.3.2.3. By End Use
15.3.2.4. By Distribution Channel
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2021
15.4.2.1. By Nature
15.4.2.2. By Form
15.4.2.3. By End Use
15.4.2.4. By Distribution Channel
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2021
15.5.2.1. By Nature
15.5.2.2. By Form
15.5.2.3. By End Use
15.5.2.4. By Distribution Channel
15.6. United Kingdom
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2021
15.6.2.1. By Nature
15.6.2.2. By Form
15.6.2.3. By End Use
15.6.2.4. By Distribution Channel
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2021
15.7.2.1. By Nature
15.7.2.2. By Form
15.7.2.3. By End Use
15.7.2.4. By Distribution Channel
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2021
15.8.2.1. By Nature
15.8.2.2. By Form
15.8.2.3. By End Use
15.8.2.4. By Distribution Channel
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2021
15.9.2.1. By Nature
15.9.2.2. By Form
15.9.2.3. By End Use
15.9.2.4. By Distribution Channel
15.10. China
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2021
15.10.2.1. By Nature
15.10.2.2. By Form
15.10.2.3. By End Use
15.10.2.4. By Distribution Channel
15.11. Japan
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2021
15.11.2.1. By Nature
15.11.2.2. By Form
15.11.2.3. By End Use
15.11.2.4. By Distribution Channel
15.12. South Korea
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2021
15.12.2.1. By Nature
15.12.2.2. By Form
15.12.2.3. By End Use
15.12.2.4. By Distribution Channel
15.13. Malaysia
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2021
15.13.2.1. By Nature
15.13.2.2. By Form
15.13.2.3. By End Use
15.13.2.4. By Distribution Channel
15.14. Singapore
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2021
15.14.2.1. By Nature
15.14.2.2. By Form
15.14.2.3. By End Use
15.14.2.4. By Distribution Channel
15.15. Australia
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2021
15.15.2.1. By Nature
15.15.2.2. By Form
15.15.2.3. By End Use
15.15.2.4. By Distribution Channel
15.16. New Zealand
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2021
15.16.2.1. By Nature
15.16.2.2. By Form
15.16.2.3. By End Use
15.16.2.4. By Distribution Channel
15.17. GCC Countries
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2021
15.17.2.1. By Nature
15.17.2.2. By Form
15.17.2.3. By End Use
15.17.2.4. By Distribution Channel
15.18. South Africa
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2021
15.18.2.1. By Nature
15.18.2.2. By Form
15.18.2.3. By End Use
15.18.2.4. By Distribution Channel
15.19. Israel
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2021
15.19.2.1. By Nature
15.19.2.2. By Form
15.19.2.3. By End Use
15.19.2.4. By Distribution Channel
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Nature
16.3.3. By Form
16.3.4. By End Use
16.3.5. By Distribution Channel
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Naturalin Bio-Resources Co. Ltd.
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Alchem International Pvt. Ltd.
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Herb Pharm
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Indena S.p.A.
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Avena Botanicals
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Martin Bauer Holding GmbH & Co. KG
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Monterey Bay Spice Company
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Saw Palmetto Harvesting Company
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Vitacost
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. The Good Scents Company
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Passion Flower Extract Market
