March 28, 2020
Acerola Extract

Acerola Extract Market: Global Analysis with target market size, Opportunities

The Acerola Extract Market was valued at US$ 8.675.8 million in 2017, with CAGR expected to grow by 8.2 per cent from 2018 to 2026.

Growing consumer awareness of the use of healthy and natural products is fueling demand for products made from fruit and other natural sources. Acerola extract is made from acerola fruit, which is rich in vitamin C and is used for the preparation of various food supplements. In addition, the extract of acerola is also used as a food preservative that is used in packaged foods, snacks, beverages, confectionary and meat preservation. Changing lifestyles, increasing the working population around the globe, shifting consumer preferences from conventional foods to ready-to-eat foods or convenience foods have resulted in increased use of preservatives.

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However, Acerola extract products are priced at a premium and their prices are relatively higher than those of synthetic personal care products. Acerola is found in West Indies, South America, Central America, Texas, and Florida only, which makes the availability of the acerola extract erratic in other parts of the world. Transportation of acerola from these regions to the other parts of the world add up to the production cost of acerola extract. Thus, acerola extract are priced higher as compared to their synthetic alternatives. Therefore, acerola extract products find it difficult to compete with synthetic products in terms of prices which in turn is projected to restrain the demand for the acerola extract over the forecast period.

By form, the segmentation of the acerola extract market includes powder and liquid forms; of which, by 2017, the powder form dominated the market in terms of revenue contribution and is expected to remain dominant during the 2018-2026 forecast period. The growing demand for vitamins and health supplements, particularly in functional foods, is fueling demand for powdered acerola extract. In addition, extensive research and development by companies to offer ingredients that result in better and better preservation, stability and shelf life of the product strengthens the market growth of acerola extract worldwide.

Among considered applications, food supplements segment holds the significant market share and expected to maintain its dominance throughout the forecast period. Rising demand for organic and stable ingredients in food and beverage products is a key driver of the growth of the acerola extract market. Some of the other factors fuelling acerola extract market growth primarily in a variety of food applications include demand for natural preservative solutions, enhanced oxygen-scavenging ingredients in meat products, improved color and curing properties, maintenance of nutritional efficacy, particularly when used in cured and raw meat products.

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Acerola is native cherry-like fruit of Mexico and thus, largely found in parts of Central and South America. Acerola extract has been used by food and beverage manufacturers, largely as an antioxidant since long, resulting in acceleration to other parts of the world with key focus on Indian subcontinent. In 2017, North America dominated the for acerola extract in 2017. The companies present in these regions are focusing extensively on research and development for developing blend formulations comprising acerola extract in various food & beverages products. Asia Pacific, China and India serve potential markets for acerola extract in the next five to six years. Growing consumption of beverages and meat products especially in China and India, along with commercialization measures for acerola extract as an ingredient in various food and beverage products fuel the market growth.

Some of the major players who are operating in the global acerola extract market are Amway, Blue Macaw Flora, Diana Naturals, Duas Rodas Industrial, Herbal Bio Solutions, Nature’s Power Nutraceuticals Corp. Naturex, Nichirei Corporation, NutriBotanica, Optimally Organic Inc., The Green Labs LLC among others

Segments:

Form Segment (2016–2026; Kilo Tons, US$ Mn)

  • Liquid
  • Powder

By Distribution Channel Segment (2016–2026; Kilo Tons, US$ Mn)

  • Food Supplements
  • Beverages
  • Confectionery
  • Snacks
  • Meat
  • Bakery
  • Others (medical, personal care, etc.)

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David Brown

David Brown

Experienced Market Research Analyst with a demonstrated history of working in the market research industry. Skilled in Secondary Market Research, Primary Market Research, Client Interfacing. - Identify, collect and organize data for use in research projects - Provide fundamental analysis for research projects - Review data to ensure its quality and integrity - Market estimates and forecast based on homegrown forecasting models - Identifying potential titles for syndicated research projects - Analyzing, estimating and forecasting various industry/market using various analysis tools and forecasting models - Conducting secondary research - Company profiling and analyzing competitive landscape - Report writing And Quality check

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