Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.31 Billion | USD 6.18 Billion | 10.36% | 2024 |
The global maracuja oil market size was worth around USD 2.31 Billion in 2024 and is predicted to grow to around USD 6.18 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 10.36% between 2025 and 2034. The report analyzes the global maracuja oil market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the maracuja oil industry.
Maracuja oil is produced from the flowers and seeds of the passion plant, which is highly rich in minerals, antioxidants, vitamins, and fatty acids. It finds a large number of applications in cosmetics used for the rejuvenation of skin and hair. Passion plant is also known as Passiflora edulis. It is a vine species of passion flower which is native to Northern Argentina and Southern Brazil. It is cultivated on a mass scale in subtropical and tropical areas commercially. Maracuja oil is highly helpful in treating dry eyes as well.
COVID-19 Impact:
The outbreak of the Covid-19 pandemic has severely impacted the growth trajectory of the global maracuja oil market and witnessed a steep decline in the overall demand for maracuja oil. During the pandemic, the rising prices forced customers to buy more raw materials from the market. However, the Covid protocols have also imposed shut down on manufacturing units and ban on travel & transport. Therefore, there was no production of oil during the pandemic, particularly in the first and second quarter of the Covid-19. But the lift of lockdown and declining Covid cases along with the modification in the import restrictions are expected to offer strong growth prospects in the global market in the forthcoming years.
Growing demand for plant-based ingredients will fuel the growth of the global market.
There has been high growth in demand for plant-based ingredients in recent years owing to the inclusion of a variety of plants used in the consumer network. Therefore, it is likely to propel the growth of the global maracuja oil market in the forthcoming years. Growing awareness among consumers regarding their health and wellness space is further escalating the market growth. There is an emerging wave of including natural products in the daily lives of consumers globally. Manufacturers are emphasizing extending their portfolio with organic products to expand their market base globally.
The growing disposable income of people all across the globe will also positively impact the growth of the global market as people are willing to pay higher prices for premium products. There is a significant spike in the application of maracuja oil due to its cosmetic advantages like hair conditioning, skin hydration, prevention of sunburn, and others. Growing awareness among people regarding its benefit on skin and hair is further likely to fuel its demand manifolds in the forthcoming years. The current environment is full of pollution and stress, thereby damaging skin and hair. The hectic lifestyle along with hypertension in many people is likely to promulgate the demand for oil globally. Manufacturers are constantly increasing their research and development activities to come up with innovative products in the market and generate huge revenue.
Supply chain bottlenecks are likely to hamper the growth of the global market.
Disruption in transportation is a massive dent across the whole supply chain. Dwindling demand from consumers for premium products is a key factor impacting the supply chain and thereby likely to hinder the growth of the global market.
Surging trend of online shopping is likely to open several new avenues in the global market.
There is a significant shift in the buying pattern of consumers. People nowadays are more inclined towards online shopping platforms on top of conventional and traditional retail stores. Such an emerging landscape is likely to hit the growth of the global market exponentially in the forthcoming years. The outbreak of the Covid-19 has positively impacted the global market in this space. Companies are coming up with an innovative strategy to swipe larger market areas in online market sales.
Requirement for advanced techniques to extract oil more efficiently is huge a challenge.
Manufacturers are looking for some efficient and innovative technology that can ease the process of extracting oil. Therefore, the lack of such advanced technology and machinery is a huge challenge in the global market.
The global maracuja oil market can be segmented into application, extraction method, and region.
By Application, the market can be segmented into medical and cosmetic & personal care.
By The Extraction Method, the market can be segmented into hot and cold-pressed.
Report Attributes | Report Details |
---|---|
Report Name | Maracuja Oil Market |
Market Size in 2024 | USD 2.31 Billion |
Market Forecast in 2034 | USD 6.18 Billion |
Growth Rate | CAGR of 10.36% |
Number of Pages | 273 |
Key Companies Covered | Amara Beauty, Eve Hansen, instanatural, Life-Flo, Josie Maran Cosmetics, LLC., Aura Cacia, La Tourangelle, Aduna, Leven Rose, Edens Garden, and others. |
Segments Covered | By Nature, By Application, By Distribution Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Some of the significant players in the global maracuja oil market include:
By Application
By Extraction Method
By Region
FrequentlyAsked Questions
The global maracuja oil market is expected to grow due to increasing consumer demand for natural and organic skincare products, fueled by rising awareness of maracuja oil's antioxidant-rich, moisturizing, and anti-inflammatory properties.
According to a study, the global maracuja oil market size was worth around USD 2.31 Billion in 2024 and is expected to reach USD 6.18 Billion by 2034.
The global maracuja oil market is expected to grow at a CAGR of 10.36% during the forecast period.
South America is expected to dominate the maracuja oil market over the forecast period.
Leading players in the global maracuja oil market include Amara Beauty, Eve Hansen, instanatural, Life-Flo, Josie Maran Cosmetics, LLC., Aura Cacia, La Tourangelle, Aduna, Leven Rose, Edens Garden, among others.
The report explores crucial aspects of the maracuja oil market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed