As per the MRFR analysis, the global market for acerola extract is estimated to acquire USD 4.01 billion by the end of 2030. The report further projects that the market will thrive at a healthy CAGR of over 6.99% during 2022-2030.
Acerola refers to a small tree that yields cherry-like fruits and is usually introduced to as the acerola cherry owing to its shape and size. The global market for acerola extract has witnessed a noteworthy rose in the growth rate in the last few years. The market's growth is mainly attributed to the increasing desire for convenient food service goods. Furthermore, the factors such as growing awareness regarding the benefits of nutritional supplements, growing desire for clean and organic fruit variants, and increasing intake of vitamin-rich goods are also projected to impact the market's growth positively over the coming years. on the other hand, the negative impact related to excessive use of acerola-based vitamin C products is likely to impede the market's growth.
Segment Analysis
The global Acerola Extract Market Outlook has been segregated into various segments based on category, application, and region.
The global market for acerola extract is split into conventional and organic based on category.
Based on application, the global acerola extract market is divided into dietary supplements, beverages, bakery confectionery, sweet savory snacks, dairy frozen desserts, and others.
Regional Analysis
The global Acerola Extract Market Insights is examined across five major regions: Asia-Pacific, Europe, North America, Latin America, and the Middle East Africa.
The MRFR analysis states that the European region is anticipated to secure the top position in the global acerola extract market over the forecasted era. The region is further divided into the United Kingdom, Italy, Germany, Spain, France, and the rest of Europe. The regional market's growth is mainly credited to the growing demand for functional foods and drinks across the region. The countries such as the UK, Germany, and France are emerging to be the leading revenue pockets across the regional market.
The North American region is projected to register substantial growth over the assessment era. The region is further divided into Mexico, Canada, and the US. The regional market's growth is attributed mainly to the rapid growth of nutritional supplements with natural components across the US.
The acerola extract market for the Asia-Pacific region is projected to register the highest growth rate over the forecasted timeframe. The region is further divided into Australia New Zealand, Japan, India, China, and the rest of Asia-Pacific. The regional market's growth is mainly attributed to the fast expansion of the processed food industry across developing nations.
Competitive Analysis
The global market for acerola extract has an incredibly strong competitive ground. The global players are investing heavily in research development activities to expand their businesses and grow their geographical reach. The players across the global market implement several growth policies such as mergers, strategic partnerships, etc., to strengthen their market footprint. The global acerola extract market has prominent leaders such as Niagro Nichirei Group Company (Brazil), Herbal Creative (India), Xi'an Shunyi Bio-Chemical Technology Co., Ltd (China), Vita Forte Inc. (US), Vital Herbs (India), The Green Labs LLC (US), Foodchem International Corporation (China), Martin Bauer Group (Germany), Naturex (Givaudan) (France), Kemin Industries, Inc. (the US), DuPont (US), Panacea Phytoextracts Pvt. Ltd. (India), NutriBotanica (Brazil), PLANTEX (France), Nutra Green Biotechnology Co., Ltd. (China), and several others.
Recent Developments
- January 2022- a producer of fruit and vegetable-based clean label ingredient solutions, Florida Food Products (FFP), has announced the launch of its latest ingredient offering available for private label use. VegStable Fresh, the plant-based antioxidant, was introduced at the International Production Processing Expo (IPPE).
- March 2022- Laird Superfood, Inc., has recently announced the launch of its all-new Renew Rest Recover product encouraging a good night's sleep. Following the recent launch of the Daily Ritualcustomizable subscription bundles, the company pursues to manufacture products that match perfectly with the new product bundling program and can power customers' daily routine from sunrise to sunset.
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