The Latin America, Middle East and Africa Maracuja Oil Market would witness market growth of 13.4% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 1814.69 Tonnes, showcasing a growth of 13.8% (2024-2031).
Conventional products often undergo standard manufacturing processes, ensuring consistency in quality and availability. This accessibility makes Maracuja oil a popular choice for individuals looking to enhance their skincare routine without breaking the bank. With its versatile applications in skincare, haircare, and aromatherapy, conventional Maracuja oil maintains a significant presence in the market, appealing to those who prioritize efficacy and affordability in their beauty regimen. Thus, the Brazil market registered 318.97 Tonnes of conventional maracuja oil in 2023.
The Brazil market dominated the LAMEA Maracuja Oil Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $86.6 Million by 2031. The Argentina market is showcasing a CAGR of 14.3% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 13% during (2024 - 2031).
Maracuja oil is well-known for its hydrating and anti-inflammatory properties. It's high in vitamins, antioxidants, and vital fatty acids. The skincare qualities of maracuja oil, derived from passion fruit seeds, have gained popularity in the personal care and cosmetic sectors. It moisturizes and helps maintain a bright complexion in skincare products. Maracuja oil is rich in fatty acids, particularly linoleic acid, which helps moisturize and hydrate the skin without clogging pores. It is lightweight and easily absorbed, making it an ideal moisturizer for all skin types. The high antioxidant content of maracuja oil helps to fight free radicals and protect the skin from oxidative stress, which can lead to premature aging. Regular use of maracuja oil can help reduce the appearance of fine lines, wrinkles, and age spots, resulting in younger-looking skin.
Moreover, maracuja oil is rich in vitamins A and C, essential for skin health and repair. It helps to promote cell regeneration, improve skin texture, and restore radiance to dull, tired-looking skin. Despite being an oil, maracuja oil is non-comedogenic, meaning it does not clog pores. It also has anti-inflammatory properties that help to calm redness and irritation associated with acne. Maracuja oil can be used as a spot treatment for acne-prone skin or added to skincare products to help prevent breakouts.
As per the International Trade Administration, the United Arab Emirates leads the Gulf Cooperation Council in eCommerce sales, which surged by 53% in 2020 to a record $3.9 billion, or 10% of overall retail sales. The Dubai Chamber of Commerce and Industry signifies that eCommerce will develop $8 billion in sales by 2025 as the UAE region has nearly 100% internet and mobile phone penetration. In the UAE’s arid climate, where skin can become dehydrated and prone to dryness, there is a high demand for skincare products that provide deep hydration and repair.
With a growing interest in anti-aging skincare solutions, the UAE's demand for maracuja oil products is increasing. UAE consumers strongly prefer premium and luxury beauty products with superior quality and efficacy. Maracuja oil is often a premium ingredient in skincare formulations, appealing to consumers looking for high-end beauty solutions in the UAE. Thus, due to these aspects, the maracuja oil market will expand across the LAMEA region in upcoming years.
Free Valuable Insights: The Worldwide Maracuja Oil Market is Projected to reach USD 3.6 Billion by 2031, at a CAGR of 9.8%
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Application, the market is segmented into Cosmetics & Personal Care, Food & Beverage and Others. Based on Nature, the market is segmented into Conventional and Organic. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)
By Application (Volume, Tonnes, USD Billion, 2020-2031)
By Nature (Volume, Tonnes, USD Billion, 2020-2031)
By Country (Volume, Tonnes, USD Billion, 2020-2031)
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