“Global Maracuja Oil Market to reach a market value of USD 3.6 Billion by 2031 growing at a CAGR of 9.8%”
The Global Maracuja Oil Market size is expected to reach $3.6 billion by 2031, rising at a market growth of 9.8% CAGR during the forecast period. In the year 2023, the market attained a volume of 10427.99 Tonnes, experiencing a growth of 18.2% (2020-2023).
North American consumers increasingly seek natural and organic alternatives in their beauty and skincare products. Consumers in North America are becoming more aware of the skincare benefits of maracuja oil, including its moisturizing, antioxidant, and anti-aging properties. Therefore, the North America region generated USD 810.38 million revenue in 2023. Also, Mexico market utilized 299.76 Tonnes of maracuja oil in 2023. Mexican consumers are increasingly seeking natural and organic beauty products. Maracuja oil, a natural ingredient derived from the seeds of the passion fruit, aligns well with this trend.
Beauty influencers and skincare experts create educational content about the benefits of maracuja oil for skincare and haircare. They share information about its moisturizing, antioxidant, and anti-aging properties, helping consumers understand the benefits of incorporating maracuja oil into their beauty routines. Beauty influencers and skincare experts provide product reviews and demonstrations of maracuja oil products, showcasing their effectiveness and results. Therefore, the market is expanding significantly due to the influence of beauty influencers and social media.
Additionally, Maracuja oil contains essential fatty acids that help repair and regenerate the skin. It can help improve the skin’s barrier function, reducing moisture loss and enhancing overall health. As consumers learn about the skin-repairing properties of maracuja oil, they seek out products that contain this beneficial ingredient. Maracuja oil is lightweight and non-greasy, making it suitable for all skin types, including sensitive and acne-prone skin. Thus, because of the rising awareness of skincare benefits, the market is anticipated to increase significantly.
However, Limited cultivation of passion fruit and production challenges in regions where it is grown can result in supply shortages and inconsistent availability of maracuja oil. This can lead to fluctuations in supply and pricing, making it difficult for manufacturers and brands to plan production and meet consumer demand. Fluctuations in raw material prices and production costs due to limited supply can result in price volatility for maracuja oil products. Thus, limited supply and production challenges can slow down the growth of the market.
On the basis of distribution channel, the market is bifurcated into offline and online. In 2023, the offline segment dominated the market with 75.6% revenue share. Also, Argentina market would register the purchase of 101.83 Tonnes of maracuja oil from offline channel in 2023. Offline retail stores provide easy access to maracuja oil products, making them readily available to a broad consumer base. Customers can find maracuja oil-based products in beauty aisles, health food sections, and specialty stores. Offline retail stores offer a tactile and sensory experience that online shopping cannot replicate.
Based on application, the market is classified into cosmetics & personal care, food & beverage, and others. The food & beverage segment acquired a 37.5% revenue share in the market in 2023. Also, Spain market used 48.13 Tonnes of maracuja oil in Food & Beverages in 2023. Maracuja oil has a unique and pleasant flavor profile with hints of citrus and tropical fruit. It adds a delicious and exotic flavor to food and beverage products, enhancing their taste and aroma. Maracuja oil can be used in various food and beverage products, including salad dressings, marinades, sauces, desserts, and beverages. It can also be used as a finishing oil to add flavor and richness to dishes.
By nature, the market is categorized as organic and conventional. In 2023, the conventional segment held a 67% revenue share in the market. Also, the UK market consumed 331.12 Tonnes of conventional maracuja oil in 2023. Maracuja oil is increasingly used in men’s grooming products such as shaving creams, aftershaves, and beard oils. These products help moisturize and soothe the skin while providing a close and comfortable shave. Maracuja oil-based grooming products are often formulated with masculine scents and packaging to appeal to male consumers. Maracuja oil-based baby care products are often formulated with natural and organic ingredients to ensure they are safe and gentle for babies.
Free Valuable Insights: Global Maracuja Oil Market size to reach USD 3.6 Billion by 2031
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the Asia Pacific region acquired a 21% revenue share in the market. Also, China market used 736.72 Tonnes of maracuja oil in 2023. The influence of K-Beauty (Korean beauty) and J-Beauty (Japanese beauty) trends has introduced consumers in Asia Pacific to innovative skincare ingredients and products. Rising disposable income and urbanization in China, South Korea, Japan, and India have increased spending on skincare and beauty products. The availability of maracuja oil products has increased with the expansion of beauty retailers in the Asia Pacific region.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 1.7 Billion |
| Market size forecast in 2031 | USD 3.6 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 9.8% from 2024 to 2031 |
| Quantitative Data | Volume in Tonnes, Revenue in USD Billion, and CAGR from 2020 to 2031 |
| Number of Pages | 284 |
| Number of Tables | 650 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Nature, Distribution Channel, Application, Region |
| Country scope |
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| Companies Included | Tarte, Inc. (Kose Corporation), Edens Garden Essentials Corporation, Amara Beauty, InstaNatural LLC, Aduna LTD, Eve Hansen, Leven Rose, La Tourangelle, Inc., Josie Maran Cosmetics, LLC, Aura Cacia (Frontier Co-op) |
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 Geography (Volume, Tonnes, USD Billion, 2020-2031)
This Market size is expected to reach $3.6 billion by 2031.
Influence Of Beauty Influencers and Social Media are driving the Market in coming years, however, Limited Supply and Production Challenges restraints the growth of the Market.
Tarte, Inc. (Kose Corporation), Edens Garden Essentials Corporation, Amara Beauty, InstaNatural LLC, Aduna LTD, Eve Hansen, Leven Rose, La Tourangelle, Inc., Josie Maran Cosmetics, LLC, Aura Cacia (Frontier Co-op)
In the year 2023, the market attained a volume of 10427.99 Tonnes, experiencing a growth of 18.2% (2020-2023).
The Cosmetics & Personal Care segment is leading the Market by Application in 2023 thereby, achieving a market value of $1.6 Billion by 2031.
The North America region dominated the Market by Region in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.6 Billion by 2031.
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