Global Passion Fruit Extract Market: Overview
The demand within the global passion fruit extract market is set to reach unprecedented heights in the years to follow. The use of passion fruit in the beverages industry has played a vital role in the growth of the global market. A range of new flavours for fruit juices and soft drinks have made their way into the market over the past decade. Consumers have reciprocated to the wide choice of beverages available in the market through increased spending. Therefore, the availability of new flavours of fruit juices, such as passion fruit, has played to the advantage of the beverages industry. Henceforth, the global passion fruit extract market is poised to attract increased investments in the years to follow.
Transparency Market Research (TMR), in a custom review, unravels a wide purview of factor responsible for market growth. The global passion fruit extract market can be segmented on the basis of application and region. The use of this extract for skin rejuvenation treatments has gathered momentum in recent times.
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Global Passion Fruit Extract Market: Notable Developments
- Stassen Exports Private Limited is a renowned tea producer from Sri Lanka. The company is expanding its operations by venturing into the Chinese market through the sale of Ceylon tea. Entry into the Chinese market is expected to be a source of fresh revenues for the Sri Lankan vendor. This move is also expected to drive demand within the global passion fruit extract market, majorly because of the popularity of Stassen’s passion fruit tea flavour.
- Several cosmetic brands use passion fruit extract to manufacture organic products. The growing demand for improved beauty-care products and services has generated humongous revenues in the global passion fruit extract market. Moreover, passion fruit protein bars have also emerged as a key product on the portfolio of market vendors.
Some of the key vendors operating in the global passion fruit extract market are:
- Dennick Fruitsource
- Passi AG (Concentra Holding AG)
- Making Cosmetics Inc.
- Caribbean Natural Products, Inc.
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Global Passion Fruit Extract Market: Growth Drivers
- Health Benefits of Passion Fruit
The exotic nature and sapid taste of passion fruit has led to its popularity, especially amongst the high-income groups of the society. Furthermore, increasing demand for tart-flavoured fruit juices and drinks has generated fresh demand for passion fruit extract. The health benefits of passion fruit extract are also a key consideration from the perspective of market growth. It is rich in vitamin-C, and can be extremely beneficial for growing children.
Furthermore, the presence of alpha-carotene and beta-cryptoxanthin in passion fruit helps in boosting the immunity of the human body. Medical practitioners recommend consuming passion fruit in order to increase the haemoglobin content in red blood cells. Considering the health benefits stated above, it is legit to ameliorate that the global passion fruit market would expand in size in the coming years.
- Increasing Demand for Lychee and Pitaya
Sale of passion fruit extract is closely related to the increasing demand for fruits such as sweet granadilla, pitaya, and lychee. The associative demand for each of the aforementioned fruits has created a wide pool of opportunities within global markets. Exporters of lychee and pitaya are finding new ways of venturing into the passion fruit market. This trend is expected to ease the procurement of passion fruit extract across food processing units. Moreover, increasing online popularity of passion fruit has also given a push to market growth.
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3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
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