PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1236067
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1236067
Global Maracuja Oil Market is valued at approximately USD 2.1 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 10.01% over the forecast period 2022-2029. Maracuja oil is made from the seeds and flowers of the passion plant and is a rich source of vitamins, minerals, and important fatty acids. The majority of its uses are cosmetic, such as skin rejuvenation. Additionally, it has anti-itching, stress-relieving, anti-asthmatic, and anti-insomnia properties. Maracuja oil also helps in preventing dry eyes. The key factor driving the market growth is rising its application in beauty and cosmetics products owing to its cosmetic benefits such as prevention of skin hydration, sunburn, hair conditioner, and others that are anticipated to fuel its demand in the market. Also, another factor driving the market growth is increasing disposable income and rising beauty trends among the population.
Moreover, the growing beauty and cosmetics industry is creating a lucrative demand for the market due to rising its application in beauty and cosmetics products. According to Statista, in 2020, the global beauty and personal care market was valued at USD 471.91 billion and the number is anticipated to reach USD 663.01 billion by 2017. As a result, rising beauty and personal care industry is anticipated to support the market growth. Additionally, the rising R&D activities related to maracuja oil will propel the lucrative opportunity for the market during the forecast period. However, the side effects involved with maracuja oil like irregular heartbeat, muscle spasms, and vomiting stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Maracuja Oil Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the dominating region across the world in terms of market share, owing to the rising demand in beauty and cosmetics industry and presence of key market players in the region. Whereas, Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period, owing to factors such as increasing its medical, cosmetics and personal care application would create lucrative growth prospects for the Maracuja Oil market across Asia Pacific region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable