According to projections, the Passion Flower Extracts Market will reach USD 3.97 billion by 2027. The increasing usage of antioxidant compounds like isovitexin, vitexin, quercetin, kaempferol, apigenin, rutin, and luteolin glycosides is anticipated to boost demand in the food, pharmaceutical, and personal care industries.
Between 2019 and 2027, the market for organic passion flower extracts is expected to grow. The significance of organic certification in the nutritional and pharmaceutical sectors is likely to drive the use of Passiflora extract as functional ingredients due to heightened awareness about product freshness and the disadvantages of synthetic chemicals. Additionally, the product reduces soil contamination, which promotes the health of the ecosystem.
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Top Companies Operating in the Global Passion Flower Extracts Market Report:
Saw Palmetto Harvesting Company, Monterey Bay Spice Company, Vitacost, Indena S.p.A., The Good Scents Company, Naturalin Bio-Resources Co., Ltd, SBL Global, Avena Botanicals, Alchem International Pvt. Ltd., and Martin Bauer Group.
The factors that drive the industry's growth are highlighted in the report. The report divides the Passion Flower Extracts market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Market Overview:
In the food and beverage sector, all businesses involved in the processing, packaging, or distribution of raw food materials are included. In addition to medications, this industry touches all human-made products, including fresh and packaged meals, alcoholic and nonalcoholic beverages.
Since the Covid-19 outbreak has caused a financial depression, consumers are trying to conserve their money as much as possible. To do this, consumers are buying more generic things and cooking their own meals instead of eating out. In order to reduce the cost of goods sold, attract more customers, and increase profit margins, food processing companies are becoming more creative.
As a result of obesity, the global food and beverage industry is experiencing tremendous growth. As consumers' desire for healthy foods has increased, so has their demand for more detailed nutrition data. Both of these changes have caused companies to launch lower-calorie foods and tighten their control over how their brands are perceived.
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The global Passion Flower Extracts market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Organic
- Conventional
Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Pharmaceutical
- Nutraceutical
- Personal care
- Food and beverages
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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