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The development and elements of the acerola extract market are all in all affected by a huge number of variables. Expanding request and cognizance for regular and useful fixings in the food and refreshment area is one of the essential drivers.
Besides, the rising interest in plant-based and clean-name items has essentially expanded the requirement for acerola extract. The examination of item names by customers is on the ascent, as they look for more noteworthy lucidity and straightforwardness with respect to the fixings used. This pattern is reliable with acerola extract, a characteristic substance that gives various medical advantages. As well as being used in dietary enhancements, this substance is likewise integrated into a great many food and refreshment things, like smoothies, juices, and munchies, which powers market extension.
Furthermore, the overall pattern toward preventive medical care is a huge element moving the acerola extract market. With an end goal to forestall infections and save wellbeing, a rising number of customers are looking for dietary enhancements that advance invulnerability and general imperativeness. Because of its safe improving qualities, acerola extract has earned significant premium as a characteristic dietary enhancement among wellbeing cognizant people looking for substitutes for engineered nutrients.
Moreover, natural variables impact the acerola extract market. The development of this tropical plant is dependent upon the impact of winning climatic circumstances. Shifting precipitation and temperature vacillations are factors that can affect the yield and nature of acerola crops. The previously mentioned mindfulness with respect to ecological variables underscores the criticality of carrying out supportable rural strategies and successful inventory network organization to ensure a consistent and continuous arrangement of acerola extract.
Additionally, the effect that digitalization has had on purchaser conduct ought not be ignored. The multiplication of online data stages has furnished shoppers with the capacity to lead examination and settle on all around informed choices in regard to the items they purchase. The previously mentioned conditions influence the acerola extract industry, considering that buyers are keen on procuring information with respect to the moral works on, obtaining, and creation strategies for the brands they embrace, notwithstanding dietary benefits. Associations working inside the acerola extricate industry should successfully pass their devotion on to greatness and ecological obligation to fulfill the requests of logically educated customers.
Furthermore, exchange strategies and guidelines fundamentally affect the acerola extract market. Administrative bodies lay out guidelines and guidelines that the business should consent to concerning the assembling, marking, and advancement of acerola extract items. Adherence to these norms is extremely critical, as it guarantees lawful consistence as well as cultivates shopper trust in items that fulfill explicit quality and security principles.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 2.5 Billion |
| Market Size Value In 2023 | USD 2.67 Billion |
| Growth Rate | 6.99% (2023-2030) |
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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