Consumer Goods Market Report

26-aug-19 The global passion flower extracts market projected to expand at a CAGR of 5.2% during the forecast period. Rising application of the product in food, pharma, and personal care products due to the presence of antioxidant compounds, such as isovitexin, vitexin, quercetin, kaempferol, apigenin, rutin, and luteolin glycosides, is anticipated to drive the market growth. Organic passion flower extracts is expected to witness a CAGR of 6.2% from 2019 to 2025. Rising importance of organic labeling in nutrition and pharma sectors as a result of increasing awareness regarding freshness of the products and disadvantages of synthetic chemical ingredients is expected to promote the use of Passiflora extract as functional ingredients. The product helps reduce soil emission levels which makes it beneficial for environment sustainability. Pharmaceutical segment is expected to remain one of the key markets. Rising occurrences of health problems including insomnia and anxiety disord...