Acerola Extracts Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.02 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Acerola Extracts Market Analysis
The Global Acerola Extract Market is projected to register a CAGR of 8.02 % during the forecast period, 2022-2027.
There is a high demand for acerola extract in the food and beverage industry, as acerola extract is highly used in confectionery for improving the shelf-life of the product due to the presence of an antioxidant nutrient. Apart from that, it also brings out a tangy flavor that is utilized in making candies. Acerola is being used in pharmaceuticals because it is a significant source of anthocyanins and ascorbic acid (vitamin C). Due to the presence of ascorbic acid and several phytonutrients like flavonoids, anthocyanins, carotenoids, and phenolics, acerola extract is also utilized for the production of drugs that treat a variety of illnesses like the common cold, flu, diabetes, and obesity, to name a few. For instance, In February 2022, Nexira which is an ingredient company declared the launch of an organic, and natural acerola extract solution. Since acerola extract is actively used by various sectors, the acerola market is in extremely high demand internationally, which would subsequently spur market expansion.
Owing to the presence of a large amount of Vitamin C as well as its functional properties, acerola extracts are widely used by cosmetic and beauty product manufacturers for making skin-related products such as anti-aging creams, skin whitening creams, and sunscreen lotions, among others. Skincare brands like Elemis, and Sheerin O'kho, to name a few, use acerola extract for making organic and clean label facial care products.
Acerola Extracts Market Trends
This section covers the major market trends shaping the Acerola Extracts Market according to our research experts:
Rising Inclination Towards Organic Products
The organic meat market is being driven by consumer interest in health, animal welfare, the environment, and sustainability. Organic Acerola Extract is used all over the world to replace synthetic ascorbic acid and erythorbate sodium, as it aids in the mitigation of oxidation and the retention of organoleptic properties while raising the shelf-life of organic meat. Additionally, acerola extract is largely used as a natural antioxidant in processed foods. Furthermore, there is a current trend towards higher sustainability through the naturalness and the clean label tag in food packaging thus, in order to meet consumer requirements food producers are using natural ingredients as a substitute for synthetic additives. Due to the increase in demand for clean label ingredients, the manufacturers of food and beverage products are using natural fruit extract which in turn led the acerola ingredient manufacturer to bring organic acerola extract in the market. For instance, in August 2020, Z Natural Foods unveiled its new superfood powder, "Organic Freeze-Dried Super 8 Berry Blend" which is an acerola cherry powder that supports preserving phytochemicals and other vital nutrients in food. Hence, the above-mentioned factors are actively accelerating the growth of the market studied.
South America Holds the Largest Share
The acerola extract market in South America is experiencing rapid expansion due to various factors like increasing consumption of processed meat, poultry products, beverages, and bakery products. According to the Brazilian Ministry of Agriculture, commercial production of acerola accounts for more than 25% of the country's total production of acerola extract. This production is stretched out throughout all of its regions. Natural antioxidants are becoming increasingly popular in the South American food and beverage sector due to their beneficial effects on health and well-being. The demand for natural food antioxidants is increasing throughout the region. Such factors have propelled the demand for acerola extracts in the region over the review period.
To cater to the rising demand, the players in the market have been focused on innovating acerola extract products. For instance, one of the leading producers of aroma ingredients and solutions for the food and beverage sector, Duas Rodas, offers Fruction Botanicals, which includes streamlined acerola with natural vitamin C, aça with an elevated density of antioxidant properties, guaraná with natural caffeine, and mate Verde (green tea), a Brazilian herb with antioxidants to be used in the food, beverage, and supplement industries.
Hence, the above-mentioned factors have actively been accelerating the growth of the market studied over the review period and are expected to gain further momentum during the forecast period.
Acerola Extracts Industry Overview
The Global Acerola Extracts Market is highly competitive owing to the presence of multiple national and international players offering a wide range of acerola extracts in the form of liquid and powder for various industries. The major players operating the acerola extracts market are Dupont Nutrition and Biosciences, Foodchem International Corporation, The Green Labs LLC, Tropextrakt Gmbh, and KINGHERBS, among others. These players have been focused on various marketing strategies to penetrate the global market which include, new product innovations, acquiring key brands to strengthen their hold over online and offline marketing, and expanding their presence in various countries by mergers with other giant companies in the global market.
Acerola Extracts Market Leaders
Dupont Nutrition and Biosciences
Foodchem International Corporation
The Green Labs LLC
Tropextrakt Gmbh
KINGHERBS
*Disclaimer: Major Players sorted in no particular order
Acerola Extracts Market News
- In January 2022, CAIF, an ingredient and flavor company announced the debut of its novel acerola concentrated ingredient which consists of natural 32% of Vitamin C, in Brazil.
- In March 2021, Kalsec unveiled a new Natural Food Protection product namely, 'DuraShield' which includes, rosemary and acerola extracts that help blend the latest antimicrobial solution for food safety and enhance the shelf life of food products.
- In September 2020, Symrise's Diana Food declared the launch of clean-label organic acerola powders for the Latin American region.
Acerola Extracts Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product Form
5.1.1 Liquid
5.1.2 Powder
5.2 By Application Type
5.2.1 Food and Beverage
5.2.2 Pharmaceuticals and Healthcare
5.2.3 Beauty and Personal Care
5.2.4 Animal Feed
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 Italy
5.3.2.4 France
5.3.2.5 Spain
5.3.2.6 Russia
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East & Africa
5.3.5.1 South Africa
5.3.5.2 Saudi Arabia
5.3.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Strategies Adopted By Leading Players
6.3 Company Profiles
6.3.1 Dupont Nutrition and Biosciences
6.3.2 The Green Labs LLC
6.3.3 Kemin Industries, Inc.
6.3.4 Tropextrakt Gmbh
6.3.5 Foodchem International Corporation
6.3.6 Duas Rodas Institucional
6.3.7 Nutra Green Biotechnology Co.,Ltd.
6.3.8 KINGHERBS
6.3.9 Naturex
6.3.10 Nexira
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
9. DISCLAIMER
Acerola Extracts Industry Segmentation
Acerola extract can be described as a source of Vitamin C extracted from the acerola cherry plant and the fruit is considered an exotic variety that has exceptional agro-industrial potential and represents an alluring economic prospect. The global acerola extract market (henceforth referred to as the market studied) is segmented by product form, application, and geography. By product form, the market is segmented into liquid and powder. On the basis of application, the market is segmented into food and beverage, pharmaceuticals and healthcare, beauty and personal care, and animal feed. The study provides an analysis of emerging and established economies across the world, comprising North America, Europe, South America, Asia-Pacific, and the Middle-East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
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| Animal Feed |
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Acerola Extracts Market Research FAQs
What is the current Global Acerola Extracts Market size?
The Global Acerola Extracts Market is projected to register a CAGR of 8.02% during the forecast period (2024-2029)
Who are the key players in Global Acerola Extracts Market?
Dupont Nutrition and Biosciences, Foodchem International Corporation, The Green Labs LLC, Tropextrakt Gmbh and KINGHERBS are the major companies operating in the Global Acerola Extracts Market.
Which is the fastest growing region in Global Acerola Extracts Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Acerola Extracts Market?
In 2024, the North America accounts for the largest market share in Global Acerola Extracts Market.
What years does this Global Acerola Extracts Market cover?
The report covers the Global Acerola Extracts Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Acerola Extracts Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Global Acerola Extracts Industry Report
Statistics for the 2024 Global Acerola Extracts market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Acerola Extracts analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
