PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1532382
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1532382
The maracuja oil market is estimated to be valued at USD 2.00 Bn in 2024 and is expected to reach USD 3.54 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 2.00 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 8.50% | 2031 Value Projection: | US$ 3.54 Bn |
Maracuja oil, also known as passion fruit oil, is extracted through cold pressing of the seeds of passion fruit. Native to Latin America, passion fruit vine produces yellow or purple fruits that are rich in vitamins, minerals and fatty acids. The oil obtained from passion fruit seeds is gaining widespread popularity in cosmetic and personal care industry owing to its anti-inflammatory, antioxidant and hydrating properties. It helps treat various skin conditions like acne, blemishes, wrinkles, dark spots, and aging skin when used topically. With growing awareness about benefits of natural and organic ingredients, the demand for maracuja oil is increasing among consumers and product formulators across the globe.
Market Dynamics:
The global maracuja oil market is driven by rising preference for organic and natural skincare products. Growing beauty-conscious population and demand for multi-benefit cosmetic ingredients is providing impetus to market growth. Furthermore, wide availability of the oil through e-commerce platforms and increasing its application in hair care and massage oils are creating new opportunities. However, seasonal availability of passion fruits and high production cost associated with cold pressing extraction process are major challenges. Fluctuating prices of raw material also restrain market expansion to some extent. On the upside, research on bioactive components of maracuja oil and its promising clinical benefits could pave way for new application areas.
Detailed Segmentation-