Acerola Extract Market

Acerola Extract Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Acerola Extract Market grew at a CAGR of 7.2% between 2017-2021 and is estimated to be US$ 57.8Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 8.5% and is expected to reach a valuation of US$ 130.7Mn by 2032 end.

Acerola is a fruit with high vitamin C and vitamin A content frequently utilized for medical purposes. Acerola extract treats diseases like scurvy that are linked to vitamin C deficiency. Additionally, it helps with conditions including cancer, blood clots, heart disease, and artery blockage. It is occasionally used to treat depression, collagen problems, tooth decay, and gum infections. Both acerola extract powder and acerola extract liquid are available as acerola extracts.

Market Dynamic

HEALTH BENEFITS PROVIDED BY ACEROLA EXTRACT AND ITS INCREASING APPLICATION IN THE FOOD & BEVERAGE INDUSTRY

One significant water-soluble vitamin is ascorbic acid. Humans cannot produce ascorbic acid, although most plants and animals can. Therefore, it is necessary for humans as a dietary supplement. Vitamin C is abundant in acerola, a fruit. Food and beverage producers are compelled to use acerola extract in their goods due to this property of the section.

Acerola is one of the few fruits that includes multiple phytonutrients, including phenolics, flavonoids, anthocyanins, and carotenoids, in a considerable proportion, in addition to being a rich source of ascorbic acid. These phytonutrients all aid in the treatment of various illnesses. Due to its strong antioxidant activity, acerola encourages the inactivation of free radicals, which are directly linked to aging and diseases like cancer and cardiovascular ailments.

EASY AVAILABILITY OF SUBSTITUTES

One of the richest sources of ascorbic acid in nature is acerola, which also contains several phytonutrients such as carotenoids, phenolics, anthocyanins, and flavonoids. Acerola has a storehouse of phytonutrients, contributing to the fruit’s strong antioxidant capacity and other intriguing characteristics.

However, in addition to acerola, a number of naturally occurring sources have strong antioxidant efficacy, such as green tea extract and rosemary extract. Rosmarinus officinalis is a Mediterranean herb from which rosemary extract is made. The rosemary plant’s antioxidant properties are due to the phenolic chemicals it contains.

Rosmarinic, carnosic, and carnosol are the main components of rosemary extracts that define their antioxidant activity. These compounds are powerful radical scavengers. Catechins make up most of the polyphenolic chemicals in green tea extracts, which are used as antioxidants.

GROWING TREND OF CLEAN LABEL PRODUCTS ACROSS THE GLOBAL FOOD & BEVERAGE INDUSTRY

The new standard for food and beverage items is the clean label. Since consumers are continually looking for ‘natural’ products that incorporate naturally natural, fresh, nutritious, and balanced nutrition, they now choose natural antioxidants in prepared food products. 73% of customers are willing to spend a higher retail price for a food or drink product created with ingredients they are familiar with and confident in, according to Ingredient Communications.

Since people believe natural substances to be safer and healthier, natural antioxidants are more likely to be accepted than synthetic antioxidants. As a natural antioxidant, acerola extract is rapidly gaining popularity in the food and beverage sector. Several expansion potentials exist for producers of acerola extract due to the expanding trend toward clean-label products, which is gradually becoming necessary globally.

Market Segments Covered in Report

By Application:

• Meat Products
• Bakery Products
• Confectioneries
• Dairy & Frozen Desserts
• Beverages
• Other applications (snacks & cereals, dressings, jams, and jellies)

By Form:

• Dry
• Liquid

By Nature:

• Conventional
• Organic

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Which application is increasing in its demand in the anticipated period?

It is anticipated that the meat products category will hold the greatest market share during the projection period. Consumers base their assessment of fresh meat’s quality on its color. Consumers base their evaluation of the meat’s freshness solely on its color.

Therefore, producers must avoid color loss in their meat products to attract customers. By successfully delaying the oxidation of the iron ion in the myoglobin molecule, the acerola extract helps prevent color loss. It permits the myoglobin that gives fresh meat its color to remain reduced. This explains why the market is expected to grow rapidly in this area.

Why is the organic segment increasing its demand in the foreseen period?

The organic segment is expected to expand at the fastest rate over the forecast period. Important participants in the worldwide market assist farmers in growing acerola organically by giving them the necessary information and assisting them in obtaining certification for their products.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• With a market share of 39.5%, Europe is projected to experience a high CAGR in the global market. Changing one’s eating habits, especially to eat more naturally and healthfully. Additionally, the need for natural products, affordability, and the rising number of start-ups in the market are all contributing to the region’s growth.
• Concerning revenue share, North America led. The increasing demand for poultry is responsible for the domination of the industry. Large-scale poultry production is based in North America, particularly in the US.

Competition Analysis

Given a large number of predicted regional and regulated competitors, the market for Acerola Extract appears to be highly fragmented. As a result, it is projected that this market will be extremely competitive.

All major businesses concentrate on giving customers customized solutions that meet their needs. Additionally, the producers strongly emphasize expanding their global market reach, diversifying their product lines, and increasing the volume of Acerola Extract they produce.

The recent developments in the Global Acerola Extract Market:

• In February 2021, Nexira introduced a natural and organic acerola extract solution that stabilizes myoglobin and its color thanks to its antioxidant properties, delaying meat discoloration.
• In September 2020, the first clean-label, organic, and Fair-Trade acerola powder was introduced by Diana Food S.A.S. It would assist the business in satisfying the growing consumer demand for healthy and natural items and promote well-being.

A list of some of the key suppliers present in the market are:

• DSM
• Kemin Industries, Inc.
• Dohler GmbH
• The Green Labs LLC
• Diana Food S.A.S.
• Naturex S.A.
• NutriBotanica
• Handary SA
• Foodchem International Corporation
• Nichirei do Brasil Agrícola Ltda.
• Nexira
• CAIF
• Nutra Green Biotechnology CO., LTD.
• Vidya Herbs Pvt Ltd
• BR Ingredient
• Blue Macaw Flora
• Hangzhou Muhua Bio-Tech Co., Ltd
• Herbo Nutra
• Herbal Creative
• Vital Herbs

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.