- Constantly changing consumer trends and consistent growth in demand for organic and natural products are having massive influence of the development of the global passionfruit seed oil market
- With growing awareness about the health and wellness among consumers, the demand is expected to continue to rise in the coming years
ALBANY, New York, May 27, 2020 /PRNewswire/ -- Transparency Market Research has recently come up with a new market research report that offers highly meaningful insights about the overall working dynamics of the global passionfruit seed oil market. The research report tries to highlight the key driving factors and the factors impeding the growth of the global market. In addition to this, it tries to shed light on the key segments, geographical outlook, and the current situation of the vendor landscape of the global market.
As per the research report, the global passionfruit seed oil market is expected to showcase a healthy CAGR 5.4% over the course of the given forecast period of 2020 to 2030. The is expected to reach a valuation of US$2 Bn by 2020 end and by the end of 2030, the valuation is expected to rise up to US$4 Bn.
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Global Passionfruit Seed Oil Market – Key Takeaways
- Based on nature, the global market is segmented into organic and conventional. Of these, the organic segment is expected to dominate the global market in the coming years of the forecast period.
- In terms of grade, the global passionfruit seed oil market is being segmented into refined and unrefined. Of these, the refined segment is expected to dominate the global market in the coming years of the forecast period.
- Based on end use, the global market is segmented into retail/household, food & beverages, cosmetic industry, and dietary supplements. Of these, the segments of cosmetic industry and food and beverages are expected to show promising rate of growth.
- In terms of distribution channel, the market is segmented into B2B and B2C.
Explore a report with detailed research, incisive insights, and in-depth country levels estimations. Gain business intelligence on global Passionfruit Seed Oil Market (Grade: Refined and Unrefined; Nature: Organic and Conventional; Distribution Channel: B2B and B2C [Grocery Retailers, Hypermarkets/Supermarkets, Convenience Stores, Wholesalers, Food & Drink Specialty Stores, Independent Small Groceries, Online Retail, and Other Retail Grade]; End Use: Household/Retail, Food & Beverages [Bakery, Confectionery, Dressing & Condiments, Sauces & Spreads, Ready Meals, Beverage Processing, and Others], Cosmetic Industry [Skin Care, Lip Care, Hair Care, Cosmetics, and Aromatherapy], and Dietary Supplements; and Packaging: Aseptic, Pouches, Bottles, Jerry Cans, Tinplate, Containers, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030, at https://www.transparencymarketresearch.com/pressrelease/passionfruit-seed-oil-market.htm
Global Passionfruit Seed Oil Market – Key Driving Factors
- One of the biggest driving factors for the growth of the global passionfruit seed oil market is the gradual shift in the consumer purchasing patterns. People are more aware about their health and wellbeing and are now more inclined towards purchasing product that will improve their lifestyle.
- In addition to this, in recent years, the popularity of organic products has increased massively. People tend to prefer organic products over synthetic ones. Such changes are helpful for pushing up the growth of the global market in coming years of the forecast period.
- Another important factor for the overall development of the global passionfruit seed oil market is its medicinal properties. The oil is a rich source of fiber and vitamin A. It also has higher antioxidant content that helps in protecting skin from external factors such as dust and rays. Such wide range of medicinal properties have helped in improving the popularity of these products and thus the overall growth of the global market.
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Global Passionfruit Seed Oil Market – Geographical Outlook
- North America, Latin America, Middle East and Africa, Europe, and Asia Pacific are the key regional segments of the global passionfruit seed oil market.
- Of these, the global market is expected to be led by the regional segment of North America. Growing consumer awareness, presence of key players, and popularizing fitness trends are some of the key factors that are projected to drive the growth of the North America Market.
Analyze Passionfruit Seed Oil Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study.
Global Passionfruit Seed Oil Market – Key Players
AU Natural Organics, Eternal Essence Oils, H&B Oils Center Co., Hollywood Beauty, and Henry Lamotte Oils GmbH are some of the key players in the global market.
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Global Passionfruit Seed Oil Market: Segmentation
Passionfruit Seed Oil Market by Nature
Passionfruit Seed Oil Market by Grade
Passionfruit Seed Oil Market by End Use
- Food & Beverages
- Cosmetic Industry
- Dietary Supplements
Passionfruit Seed Oil Market by Distribution Channel
Passionfruit Seed Oil Market by Packaging
- Jerry Cans
- Tinplate Containers
Passionfruit Seed Oil Market by Region
- North America
- Latin America
- Middle East & Africa
- Asia Pacific Excl. Japan
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