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As of late, the market for Acerola Extract has gone through massive changes, driven by a large number of elements that impact on shopper tendencies and the food and drink area overall. Acacia, on the other hand alluded to as Barbados cherry or West Indian cherry, has earned huge respect in the wellbeing and health industry because of its uncommon L-ascorbic acid substance and cell reinforcement credits. The market elements are altogether influenced by the developing awareness and craving for normal and practical fixings. The rising wellbeing cognizance of shoppers has prompted a developing inclination for items that give nourishing advantages. Acerola Extract, being a characteristic wellspring of L-ascorbic acid and cell reinforcements, lines up with this pattern.
The rising predominance of practical food varieties and refreshments can be credited to the change toward a better way of life; Acerola Extract has secured itself as a member in this peculiarity. To work on the wholesome profiles of a large number of items, including juices, enhancements, and munchies, it is consolidated. The market elements are moreover determined by the developing familiarity with the potential safe helping properties of Acerola Extract, a trademark that has become progressively huge, especially during times of increased worry for comprehensive wellbeing and resistant capability.
One remarkable element impacting the elements of the Acerola Extract market is the developing craving for items bearing clean names and containing normal fixings. An exceptional number of buyers are looking at fixing inventories, looking for items that contain negligible added substances and handling. Acerola Concentrate, which is a characteristic part gotten from the Acerola cherry, is steady with the ongoing clean-mark development. Subsequently, supplement makers are coordinating Acerola Extract into different definitions to offer wellbeing cognizant customers an unmistakable and regular wellspring of sustenance.
Notwithstanding its conventional use in the food and refreshment industry, the extending utilizations of Acerola Extract likewise influence the elements of the worldwide market. The potential skincare benefits of Acerola Extract have been recognized by the excellence and individual consideration industry because of its cell reinforcement properties. The extension of Acerola Extract into non-food areas exhibits its versatility and ability to fulfill different buyer requests, subsequently supporting the market in general.
Also, the topographical elements apply an impact available for Acerola Extract. Districts enriched with environments helpful for the development of Acerola, for example, South America, make significant commitments to the overall inventory network. The market elements are subsequently dependent upon the impact of different variables, including environment conditions, agrarian scene, and produce yields in these vital locales. Likewise, the developing accentuation on natural obligation is harmonious with the extending reception of reasonable horticultural practices in Acerola development, which moreover affects market elements.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Category, Application and Region |
Acerola Extract Market Highlights:
Global Acerola Extract Market Overview
Acerola Extract Market Size was valued at USD 2.5 billion in 2022. The Acerola Extract market industry is projected to grow from USD 2.67 Billion in 2023 to USD 4.01 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.99% during the forecast period (2023 - 2030). Increasing growing demand for natural and healthy ingredients, rising health awareness, increasing use in dietary supplements & cosmetics, and growing demand in emerging markets are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Acerola Extract Market Trends
- Growing demand for natural and healthy ingredients to boost market growth
Consumers are increasingly concerned about the quality and safety of the food and beverages they consume, and they are demanding more natural and healthy ingredients. Acerola extract is a natural ingredient that is free from synthetic additives, preservatives, and other chemicals. As a result, it is becoming a popular choice for manufacturers who want to meet the growing demand for natural and healthy products. In addition, Acerola extract is also increased its demand in the cosmetic industry. It is believed to have several benefits for the skin, including reducing the appearance of wrinkles, improving skin texture, and reducing inflammation. As a result, acerola extract is becoming a popular ingredient in skin care products, such as lotions, creams, and serums.
The rising awareness of the importance of a healthy diet and lifestyle is another significant driver of the acerola extract market. Acerola extract is rich in vitamin C, which is essential for maintaining good health. It also contains antioxidants, which can help prevent the damage caused by free radicals in the body. As more people become aware of the health benefits of acerola extract, the demand for this natural ingredient is expected to grow.
Moreover, Acerola extract is also widely used in the dietary supplement industry. Many people take dietary supplements to supplement their diets and improve their health. Acerola extract is an excellent source of vitamin C, which is a common ingredient in many dietary supplements. As a result, the demand for acerola extract is expected to grow as more people seek out natural and healthy supplements.
Acerola Extract Market Segment Insights
Acerola Extract Category Insights
The Acerola Extract market segmentation, based on category, includes organic, and conventional. The organic segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. This is due to the organic acerola extract is produced without the use of synthetic pesticides and fertilizers and is often preferred by consumers who are looking for natural and sustainable products. However, conventional acerola extract, on the other hand, is produced using conventional farming methods and may be more affordable than organic options.
August 2021: Nexira, a French food ingredient company, announced the launch of a new acerola extract product. The new product, marketed under the brand name "Organic Acerola," was claimed to be organic-certified and have high levels of vitamin C.
Acerola Extract Application Insights
The Acerola Extract market data has been bifurcated by application into bakery & confectionery, dairy & frozen desserts, beverages, sweet & savory snacks, and dietary supplements. The dietary supplement application segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. This is due to the growing application area for acerola extract. The ingredient is used in multivitamins, immune boosters, and other dietary supplements. Acerola extract is rich in vitamin C, which is an essential nutrient that helps support the immune system and overall health.
Figure 1: Acerola Extract Market, by Application, 2022 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Acerola Extract Regional Insights
By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. Europe acerola extract market accounted for USD 1.14 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. The region is driven by the increasing demand for natural and healthy ingredients in the food and beverage industries. Germany, France, and the United Kingdom are the largest markets for acerola extract in Europe, with a growing demand for the ingredient in the dietary supplement and cosmetic industries. Further, the Germany acerola extract market held the largest market share, and the UK acerola extract market was the fastest growing market in the European region due to the high demand for acerola extract and the presence of several major manufacturers in the country.
Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: ACEROLA EXTRACT MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
North America Acerola Extract market accounts for the second-largest market share. The market is driven by the increasing demand for natural and organic products. The United States is the largest market for acerola extract in North America, with a growing demand for the ingredient in the food and beverage industries.
The Asia-Pacific Acerola Extract market is expected to grow at the fastest CAGR from 2022 to 2030. The market is driven by increasing demand for natural and functional ingredients in the food and beverage industries. Japan is the largest market for acerola extract in Asia Pacific, with a growing demand for the ingredient in the cosmetics and pharmaceuticals industries. Moreover, China Acerola Extract market held the largest market share, and the India Acerola Extract market was the fastest growing market in the Asia-Pacific region.
Acerola Extract Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Acerola Extract market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Acerola Extract industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the Acerola Extract industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, Acerola Extract industry has provided innovative products with some of the most significant benefits. The Acerola Extract market major player such as DuPont (US), The Green Labs LLC (US), Kemin Industries Inc. (US), Vital Herbs (India), Naturex (Givaudan) (France), Vita Forte Inc. (US), Martin Bauer Group (Germany), Xi'an Shunyi Bio-Chemical Technology Co. Ltd (China), Foodchem International Corporation (China), Herbal Creative (India), PLANTEX (France), Niagro Nichirei Group Company (Brazil) and others are working to expand the market demand by investing in research and development activities.
DuPont Nutrition & Biosciences is a leader in providing innovative food ingredient solutions. The company offers a wide range of products, including acerola extracts, which are used in various applications in the food and beverage industry. Its acerola extract product line is marketed under the brand name Danisco. Its acerola extracts are available in both liquid and powder forms and are used in a range of food and beverage applications, including juice, smoothies, yogurt, and bakery products. In November 2021, Dupont Nutrition & Biosciences announced a new partnership with Brazilian natural products company Beraca to develop and commercialize new plant-based ingredients, including acerola extracts. The partnership aimed to leverage Dupont's expertise in food ingredient solutions with Beraca's knowledge of Brazilian biodiversity and sustainable sourcing.
Naturex is one of the leading suppliers of natural ingredients for the food, beverage, and dietary supplement industries. The company offers a range of natural extracts, including acerola extract, which is derived from the acerola cherry, a fruit that is native to South America and known for its high vitamin C content and antioxidant properties. The extract is available in both powder and liquid forms and is used in a variety of applications, including beverages, supplements, and functional foods. In February 2020, Naturex, a subsidiary of Givaudan, launched a new acerola extract for the food and beverage industry. The new product, marketed under the brand name Acerolife, was claimed to have high levels of vitamin C and antioxidant properties.
Key Companies in the Acerola Extract market includes
- DuPont (US)
- The Green Labs LLC (US)
- Kemin Industries Inc. (US)
- Vital Herbs (India)
- Naturex (Givaudan) (France)
- Vita Forte Inc. (US)
- Martin Bauer Group (Germany)
- Xi'an Shunyi Bio-Chemical Technology Co. Ltd (China)
- Foodchem International Corporation (China)
- Herbal Creative (India)
- PLANTEX (France)
- Niagro Nichirei Group Company (Brazil)
Acerola Extract Industry Developments
September 2019: Diana Food, a division of Symrise AG, announced a partnership with Agricola Famosa, a Brazilian fruit producer, to develop a new range of acerola-based products. The partnership aimed to combine Agricola Famosa's expertise in acerola production with Diana Food's know-how in food ingredient solutions.
July 2021: Diana Food announced the acquisition of Nutra Canada, a Canadian producer of natural fruit and vegetable ingredients. The acquisition aimed to strengthen Diana Food's position in the plant-based ingredient market, including the acerola extract segment.
Acerola Extract Market Segmentation
Acerola Extract Category Outlook
- Organic
- Conventional
Acerola Extract Application Outlook
- Bakery & Confectionery
- Dairy & Frozen Desserts
- Beverages
- Sweet & Savory Snacks
- Dietary Supplements
Acerola Extract Regional Outlook
-
North America- US
- Canada
-
Europe- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
-
Asia-Pacific- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
-
Rest of the World- Middle East
- Africa
- Latin America
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