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The market for acerola extract has gone through critical changes as of late, which can be credited to moving shopper inclinations and all-inclusive elements. A remarkable improvement is the developing acknowledgment of the wellbeing benefits connected to Acerola cherries. Acerola extract definitely stand out enough to be noticed because of their quite high L-ascorbic acid substance, which has added to their status as a characteristic wellspring of cell reinforcements and safe supporting properties. As the significance that shoppers put on wellbeing and health keeps on developing, there has been a critical expansion in the interest in acerola extract items that address these worries.
Likewise, the overall tendency towards normal and plant-determined parts significantly affects the market for acerola extract. Given the rising interest for straightforward and pure item marks, the normal provenance of Acerola cherries renders them an engaging choice for people trying to coordinate plant-determined constituents into their dietary regimens. This is reliable with the developing pattern toward embracing a spotless eating way of life and the inclination for items that contain no counterfeit additives or added substances. To fulfill this interest, makers in the acerola extract industry are stressing the natural and normal characteristics of their products, exploiting the rising interest in dietary arrangements got from plants.
Moreover, the utilitarian food and refreshment area has fundamentally impacted the advancement of the acerola remove industry. With the developing discernment among purchasers that food can add to their general wellbeing and prosperity, the utilization of acerola extract in a scope of practical items has expanded. Acerola remove is being integrated into various items — refreshments, snacks, and enhancements — to work on wholesome profiles and give extra medical advantages. The development of acerola extract’s market arrive at through the broadening of its application regions has delivered it a flexible constituent inside the useful food and drink area.
Supportability contemplations, close by wellbeing related patterns, are applying an impact available for acerola extract. A rising number of earth cognizant buyers are effectively looking through out items that have eco-accommodating properties. As opposed to specific elective wares, the Acerola cherry displays a nearly unobtrusive ecological impression, delivering it a reasonable possibility for consideration in maintainability talk. Business endeavors that put areas of strength for an on dependable obtainment, ecologically manageable creation strategies, and straightforward stockpile fastens are bound to interest shoppers whose buying choices are impacted by natural worries.
There is a recognizable flood in the use of acerola extract across different areas of the worldwide market, like individual consideration and beauty care products. Because of its high cell reinforcement content and capacity to light up the skin, acerola extract is a profoundly positive part in details for cleanliness items. The rising reception of regular and successful fixings in excellence and individual consideration items has prompted a developing interest in acerola extract as a reasonable substitute in cleanliness items. This improvement is decidedly influencing the general development of the acerola extract market.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Growing demand for natural and healthy ingredients |
| Market Dynamics | Rise in health awareness and increasing use in dietary supplements |
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.Â
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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