Passion Flower Extracts Market Size & Trends, Sector / Industry Report & Analysis, 2030 (Includes Business Impact of COVID-19)

                                          
Updated 9th August 2021

Abstract, Snapshot, Market Analysis & Market Definition: Global Passion Flower Extracts Market By Source(Organic, Conventional) By Application Industry(Pharmaceutical, Nutraceuticals, Food and Beverage, Cosmetics/Personal Care)
Passion flower is a climbing vine that is native to the southeastern United States, and Central and South America. There are about 500 known species of passionflower. The above ground parts are used to make medicine. Passion flower is used for anxiety, including anxiety before surgery. Some people take passion flower for insomnia, stress, attention deficit-hyperactivity disorder (ADHD), pain, and many other conditions.

The global passion flower extracts market size was estimated at USD 2.81 billion in 2021 and expected to reach a market size of USD 3.29 billion by 2030. The product is expected to gain popularity on account of being a source of antioxidant compounds including isovitexin, vitexin, quercetin, kaempferol, apigenin, rutin, and luteolin glycosides. The quercetin present in the product has bioactive effects on the nervous system that help with its relaxation. The abovementioned properties of passion flower extract are expected to promote its utility as a functional ingredients for manufacturing various products in food & beverage, personal care and pharma sectors.

Rising consumer awareness regarding the hazardous effects associated with chemical compounds in medicines, nutraceutical products, food and beverages is anticipated to bode well for the growth of the market. As per the U.S. based National Center for Complementary and Integrative Health (NCCIH), passion flower extract is safe to use as an ingredient in sleeping pills.

As per the report by the World Health Organization (WHO), one out of thirteen people suffer from anxiety disorder. It is highly prevalent in developed countries. In 2018, around 18% of the population of the U.S. was suffering from anxiety. The high prevalence of the disorder coupled with rising demand for products with natural anti-anxiety agents is anticipated to play a crucial role in expanding the reach of the market. Passion flower was formerly approved as an over-the-counter sedative and sleep aid in the U.S., but this approval was withdrawn in 1978 when the U.S. Food and Drug Administration (FDA) reviewed the class and manufacturers did not submit evidence of safety and effectiveness.

In a trial published in Phytotherapy Research, participants drank a daily dose of herbal tea with purple passionflower. After seven days, they reported improvements in the quality of their sleep. The researchers suggest that purple passionflower may help adults manage mild sleep irregularities. Some trials suggest that purple passionflower may also relieve anxiety. A study reported in the journal Anesthesia and Analgesia examined its effects on patients scheduled for surgery. Patients who consumed it reported less anxiety than those who received a placebo.

Passionflower is heavily promoted as a dietary supplement for anxiety and sleep problems, as well as for pain, heart rhythm problems, menopausal symptoms, and attention-deficit hyperactivity disorder. It is applied to the skin for burns and to treat hemorrhoids.

Various studies worldwide have shown the prevalence of insomnia in 10%–30% of the population, some even as high as 50%–60%. It is common in older adults, females, and people with medical and mental ill-health. The consequences of insomnia are significant, such as depression, impaired work performance, work- related/motor vehicle accidents, and overall poor quality of life. It is an easy-to-diagnose condition with many self-answerable questionnaires for aid, yet goes unrecognized in a significant number of patients coming to the outpatient department with other comorbid conditions. Insomnia is more prevalent in certain demographic groups, as well. Studies have shown insomnia affects 30% to 48% of older people. This may be attributed to chronic medical conditions, social isolation, and higher use of prescription medications, as well as factors like unhealthy sleep habits and stress that cause insomnia across all age groups. Other studies have found insomnia may occur in up to 23.8% of teenagers.

Around 500 species of genus Passiflora are known to humans. Extract of species Passiflora incarnata is anticipated to witness a significant rise in demand as it is useful for the treatment of anxiety and insomnia. A large number of consumers from America use passionflower extract for the treatment of wounds, boils, earaches, and liver diseases, while in Europe, consumer prefers this product to get relief from agitation and restlessness. Such diverse applications are anticipated to create growth opportunities for the passion flower extracts market in near future.

 
Market Segmentation, Outlook & Viewpoint: Global Passion Flower Extracts Market
Product Market Segmentation & Outlook (Revenue, USD Million; 2015 - 2030)

 	
Organic
 	
Conventional

Application Market Segmentation & Outlook (Revenue, USD Million; 2015 - 2030)

 	
Pharmaceutical
 	
Nutraceutical
 	
Personal care
 	
Food and beverages

Key Players, Recent Developments & Regional Insights: Global Passion Flower Extracts Market
Conventional product held the largest market share of more than 85% in 2018. These products are cost effective and easily available. Companies offer Passiflora extract based flavoring agent that can be used in smoothies, juices, and other icy drinks.
Organic product is expected to expand at the fastest CAGR of 6.17% from 2019 to 2025. Rising concerns about the effects of harmful chemicals present in conventional products is driving demand for organic products. Ability of the product to eliminate the risk of soil and underwater contamination and help preserve biodiversity makes it one of the eco-friendly choices. China based passion fruit extract manufacturer, Jiangcheng Green Banna Ecological Food Co., Ltd. manufactures organic yellow passion fruit concentrated juice and supplies it to Germany, New Zealand, and North African countries.

Passion Flower Extracts Application Insights:

Pharmaceutical segment generated a revenue of USD 1.86 billion in 2018 and is expected to grow at a significant pace over the forecast period. High demand in pharmaceutical applications such as anxiety and insomnia cure medicine is anticipated to drive the segment growth. The product is also used for the treatment of alcoholism, migraine, and others. In South America, passion flower extract is used for the treatment of bronchitis, asthma, and whooping cough. Several species of passion flower have diuretic, sedative, antidiarrheal, anthelmintic, stimulant, and tonic properties, suitable for the treatment of menopausal symptoms and hypertension. SBL Pvt. Ltd., and Nature's Answer are some of the key Passiflora extract manufacturers.

Personal care segment is expected to witness the fastest CAGR of 8.3% from 2019 to 2025. The product is a rich source of vitamins A and C, and essential fatty acids, which makes it beneficial for the skin. The extract also has excellent hydrating and moisturizing properties. These extracts find application in various anti-wrinkle and anti-aging products.

 
Regional Insights of Passion Flower Extract Market 
Europe accounted for 34.4% of global market share in 2018. Over the past few years, the European countries registered the highest cases of insomnia disorders. As a result, the Europe-based pharmaceutical manufacturers are expected to increase spending on manufacturing products incorporating passion flower extracts. This factor is projected to fuel the regional market growth in the forthcoming years.

North America is expected to expand at the fastest CAGR of 6.3% from 2019 to 2025. High prevalence of insomnia is anticipated to drive the product demand in countries such as U.S. and Canada. Some of the popular brands operating in North America are TerraVita, Solaray, ActiveHerb, Bio Nutrition, and Herbal Terra, LLC.

Passion Flower Extracts Market Share Insights

Key manufacturers includes Monterey Bay Spice Company, Saw Palmetto Harvesting Company, Vitacost, The Good Scents Company, Indena S.p.A., SBL Global, Naturalin Bio-Resources Co., Ltd, Alchem International Pvt. Ltd., Avena Botanicals, and Martin Bauer Group. The companies focus on new product developments to gain competitive advantage. Rise in the presence of middle-income groups in developing economies including China and India is projected to allow the industry participants to establish strategic business units in vicinity over the next eight years.
Active Patents for Passion Flower extracts are listed as below: 
Abstract: Method for extraction of ethyl maltol from passion flower

A method for the extraction of natural ethyl maltol from passionflower plants is patented. The plant material is extracted with a methanol-based solvent and the natural ethyl maltol is recovered by column purification using a size exclusion purification column.

Ethyl maltol is a broad-spectrum synthetic flavoring agent that can improve the flavor of food. It is commonly used in the production of beverages, fruit juices, dairy products, ice creams, fruit wine, sauces, and pickled vegetables to enhance the sweet taste like fruits.

Abstract: Treatment of withdrawal symptoms to aid in nicotine use cessation with Passiflora incarnata (Assigned to Campbell University)

Numerous studies in laboratory rodents have demonstrated that whole extracts or a specific benzoflavone moiety from passionflower are anxiolytic, antitussive, and aphrodisiac and may reduce certain kinds of drug dependence other than nicotine. They have shown that the benzoflavone drug, given together with the addictive agent during the induction of dependence, reduced the symptoms of antagonist-precipitated withdrawal to morphine, alcohol, nicotine, diazepam, and Delta 9-tetrahydrocannabinol. The invention relates to the discovery that an administration of Passiflora incarnata as a whole plant or an extract, such as an alcohol extract in a therapeutically effective amount would reduce the severity of the symptoms of nicotine withdrawal during smoking cessation.

Abstract: Combination of passion flower and alkanet extracts for use in cosmetics (Assigned to Jacques Leclere)

The invention relates to a cosmetic and/or dermatological composition. The composition includes a combination of a passion flower extract and an alkanet extract optionally combined with pharmaceutically and cosmetically acceptable substrates and carriers. The invention can be used for treating expression wrinkles due to uncontrolled muscle contractions of the face.

 
Key Insights Covered: Global Passion Flower Extracts Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Passion Flower Extracts industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate, and gross margin) of Passion Flower Extracts industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue, and growth rate) of Passion Flower Extracts industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Passion Flower Extracts industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2021 to 2030 of Passion Flower Extracts industry.

 
Research Methodology: Global Passion Flower Extracts Market
 

 	
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
 	
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researchers, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
 	
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.