Acerola Extract Market Overview
The global acerola extract market size is estimated to be valued at USD 2.67 Billion in 2023. It is projected to reach USD 4.01 billion by the end of the period in 2030, recording a CAGR of 6.99 % in terms of value.
The global acerola extract market has been projected to witness consistent growth over the last few years, and this trend is projected to continue during the forecast period.
The majority of the global market companies present in the food & beverage industry expect COVID-19 to impact their operations. Indeed, the global market sector's grim expectations become a reality amid plummeting raw material prices, supply chain bottlenecks, spending slowdowns, and jitters over the credit markets. Some major food & beverage companies have reportedly closed facilities and are mulling the extent of layoffs to help curb the spread of the virus and for economic reasons.
There has been a rising trend of clean-label food products due to the increasing health concerns has created growth opportunities for acerola extract manufacturers. Meat products are emerging as the major application where acerola extract is an antioxidant. However, the easy availability of substitutes may hamper market growth. Ascorbic acid is an important water-soluble vitamin. Most plants and animals can synthesize ascorbic acid, but humans cannot. Hence, humans require it and ensure the intake as an essential supplement in their diet. Acerola is known to act as a rich natural source of vitamin C. The characteristic of acerola extract forces food & beverage manufacturers to incorporate acerola extract in their products.
Key players are.
Some of the excellent functions by being a part of the acerola extract key market players. They are as follows:
● Nexira (France)
● Blue Macaw Flora (Brazil)
● B.R. Ingredients (Brazil)
● CAIF (U.S.)
● Vidya Herbs Pvt Ltd (India)
● Nutra Green Biotechnology CO., LTD. (China)
Market Segmentation
The acerola extract market has been segmented to meet the needs of the global target audience and hence, expand the developing market share. The segments are as follows:
By Application
The application segment includes Meat Products, Bakery Products, Confectioneries, Dairy & Frozen Desserts, Beverages, and Other applications like snacks & cereals, dressings, jams, and jellies.
By Form
The form segment of the market includes Dry and Liquid forms.
By Nature
The nature segment of the market has Conventional and Organic substances.
By Region
● North America
● Europe
● Asia Pacific
● South America
● Rest of the World (RoW)
● Middle East
● Africa
Regional Analysis
The Asia Pacific region's growth is attributed to the increasing awareness of healthy dietary habits among consumers. The key factors driving growth in the Asia Pacific region include the health benefits of acerola extract, demand for natural products, cost affordability, and the growing startups in the acerola extract market. China and India are the two major countries in the region, with high consumption of meat and bakery products, respectively.
Industry News
● In February 2021, Nexira launched natural & organic acerola extract solution, which helps delay meat discoloration by stabilizing myoglobin and its color due to its antioxidant properties.
● In September 2020, Diana Food S.A.S. launched the first clean label, organic and Fair-Trade acerola powder. It would help the global company meet the increasing consumer demand for natural and healthy products to support well-being.
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