Global Maracuja Oil Market Size Is Projected to Grow to Almost $5.4 Billion by 2030 With a CAGR of 10.01%, to Drive the Growth in Personal Care & Beauty Sector

Salt Lake City, UT, Jan. 17, 2023 (GLOBE NEWSWIRE) -- According to Zion Market Research has published a new research report titled “Maracuja Oil Market By Application (Medical And Cosmetics & Personal Care), By Extraction Method (Hot-Pressed And Cold Pressed), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2030” in its research database.

“According to the latest research study, the demand of global Maracuja Oil Market size & share in terms of revenue was valued at USD 2.1 billion in 2021 and it is expected to surpass around USD 5.4 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 10.01% during the forecast period 2022 to 2030.”

What is Maracuja Oil? How big is the Maracuja Oil Industry?

Maracuja oil, also known as passionfruit oil, is a type of vegetable oil extracted from the seeds of the passionfruit plant. It is used in various cosmetic and personal care products such as skin and hair care, as well as in food and nutrition applications.

The market for maracuja oil is expected to grow due to the increasing demand for natural and organic ingredients in the cosmetics and personal care industry. The oil is rich in fatty acids and antioxidants which makes it beneficial for the skin and hair, which in turn is driving the growth of the maracuja oil market.

The increasing demand for maracuja oil in food and nutrition applications is also expected to drive the growth of the market. The oil is used as a natural flavor and aroma enhancer in food products, as well as a dietary supplement for its high levels of essential fatty acids.

Another opportunity for the maracuja oil market is the increasing demand for plant-based oils in personal care and cosmetics. As consumers become more conscious of the environmental impact of their consumption, they are choosing products made from natural ingredients over synthetic ones.

In addition, increasing awareness about the benefits of maracuja oil for skin and hair care is also expected to drive the market in the future. The market is also driven by the increase in disposable income, urbanization, and the rise in awareness of personal grooming among consumers.

Maracuja Oil Report Coverage & Overview:

Maracuja oil is extracted from seeds and flowers of Passiflora, which are also referred to as passion flowers. Moreover, maracuja oil promotes bright and smoother skin and improves hair growth.  According to NCBI, various extracts from Passiflora including maracuja oil exhibited anti-hypertensive, anti-diabetic, anti-oxidant, anti-diabetic, and anti-tumor properties. For the record, maracuja oil comprises of oleic acid, linoleic acid, and palmitic acid.

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Global Maracuja Oil Market: Growth Dynamics

The expansion of global maracuja oil market over the forecast timeline can be attributed to escalating demand for plant-based ingredients in the recent years. Furthermore, maracuja oil has displayed anti-bacterial and anti-wrinkle features and this has increased the scope of demand for maracuja oil across the globe. Growing awareness among end-users about health benefits accrued due to use of maracuja oil will boost the global market trends. For the record, maracuja oil offers skin, hair, and beauty benefits to the user and this has boosted the growth of the global market.

However, disruption in transport activities has severely impacted the supply chain, thereby creating hindrances for the growth of the global market. Nonetheless, anti-inflammatory, lung-protective, anti-depressant, anti-microbial, and hepatoprotective features of maracuja oil has opened new vistas of growth for the global maracuja oil market.

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Report Scope

Maracuja Oil Market: Segmentation Analysis

The global maracuja oil market is divided into application, extraction method, and region.

Based on the application, the global maracuja oil market is sectored into medical and cosmetics & personal care. Moreover, medical segment is set to dominate the growth of the global market over the assessment period subject to large-scale use of maracuja oil in massage activities for effectively treating muscle pains and muscle aches. Apart from this, maracuja oil is used in reducing inflammation and swelling and hence it finds prominent applications in the medical sector.

In terms of extraction method, the global maracuja oil industry is segmented into hot and cold pressed segments. Moreover, cold pressed segment is predicted to dominate the global market over the assessment period as extraction through cold pressed method is done at lower temperature of almost 40-degree Fahrenheit. Furthermore, in cosmetics & personal care sector, oil that is derived at lower temperature has more value as bio-active compounds extracted at reduced temperature help in nourishing the skin effectively in comparison to bio-active compounds derived at higher temperature or through hot pressed extraction method.

The global Maracuja Oil market is segmented as follows:

By Application

• Medical
• Cosmetics and Personal Care

By Extraction Method

• Hot Pressed
• Cold Pressed

Browse the full “Maracuja Oil Market By Application (Medical And Cosmetics & Personal Care), By Extraction Method (Hot-Pressed And Cold Pressed), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2030” Report at https://www.zionmarketresearch.com/report/maracuja-oil-market

Competitive Landscape

Some of the main competitors dominating the global Maracuja Oil market include - 

• Radha Beauty
• Au Natural Organics Company
• Russell Organics
• Acure Organics
• Bello Natural
• Leven Rose
• NutraMarks Inc.
• Botanical Beauty Co.
• RejuveNaturals LLC
• Tarte Inc.

Key Insights from Primary Research:

• According to the analysis shared by our research forecaster, the Maracuja Oil market is likely to expand at a CAGR of around 10.01% during the forecast period (2022-2030).                                            
• In terms of revenue, the Maracuja Oil market size was valued at around US$ 2.1 billion in 2021 and is projected to reach US$ 5.4 billion by 2030.
• The market is projected to expand at a significant rate during the forecast period owing to rapid industrialization witnessed in the emerging economies
• Based on application, the medical segment accounted for the largest market share in 2021
• On basis of extraction method, the cold pressed segment to contribute majorly towards the overall market share during the forecast period
• On the basis of region, the North American region is predicted to be a key revenue generator for the global market over the forecast timeline

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Key questions answered in this report:

• What is the market size and growth rate forecast for Maracuja Oil industry?
• What are the main driving factors propelling the Maracuja Oil Market forward?
• What are the leading companies in the Maracuja Oil Industry?
• What segments does the Maracuja Oil Market cover?
• How can I receive a free copy of the Maracuja Oil Market sample report and company profiles?

Key Offerings:

• Market Size & Forecast by Revenue | 2022−2030
• Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
• Market Segmentation – A detailed analysis By Application, By Extraction Method and By Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

North American maracuja oil industry is predicted to expand leaps & bounds over the forecast timespan. The regional market growth over the forecast timeline can be attributed to new product launches by established industry players in the countries such as Canada. Large-scale cultivation of Passiflora in South America will further contribute to the growth of maracuja oil industry in North America.

Overall, the maracuja oil market offers significant growth opportunities for companies operating in the cosmetics and personal care, food and nutrition, and other industries.

By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Recent Developments

• In November 2022, Alterna Haircare, a key player in clean and luxury haircare industry, declared launching of a caviar anti-aging restructuring bond repair system for strengthening, restoring, and protecting the damaged hair. Moreover, this three-product system is fortified with maracuja oil for preventing hair breaking along with providing it high strength. The strategic move will boost the use of maracuja oil with other products for improving the hair recovery & defense mechanism in Canada. Furthermore, it will help Canadians unleash the restoring power of caviar extracts & maracuja oil combined with bond enforcing technology of Alterna.
• In December 2022, ColorPop Cosmetics, a key U.S.-based player in the global cosmetics industry, introduced Pretty Please Makeup Collection which comprised of maracuja oil as one of its ingredients. Such moves are likely to amplify the growth of the maracuja oil industry in the U.S. and across the globe.

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FREQUENTLY ASKED QUESTIONS

• Which key factors will influence maracuja oil market growth over 2022-2030?
• What will be the value of the maracuja oil market during 2022-2030?
• Which are the key major players in maracuja oil market growth?
• Which region will contribute notably towards the maracuja oil market value?

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