Global Maracuja Oil Market Revenue To Hit Nearly $5.4 Billion By 2030

22-Dec-2022 | Zion Market Research

The global maracuja oil industry size was nearly $2.1 billion in 2021 and is set to increase to about $5.4 billion by 2030 with a CAGR of nearly 10.01% between 2022 and 2030.

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.

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.

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.

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.

This review is based on a report by Zion Market Research, 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.”- Report at https://www.zionmarketresearch.com/report/maracuja-oil-market

Breakthroughs:

  • 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.

Key participants in the global maracuja oil industry include:

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

Global maracuja oil market is segmented as follows:

By Application

  • Medical
  • Cosmetics and Personal Care

By Extraction Method

  • Hot Pressed
  • Cold Pressed

By Region

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

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