The global acerola extract market was worth $8,675.8 million in 2017 and is expected to grow at an 8.2% CAGR from 2018 to 2026.Acerola extract is derived from the acerola fruit, produced in Central America, South America, California, Florida, and Texas. It is rich in vitamin C and is widely used as a health supplement in a variety of applications, such as food supplements, beverages, confectionary products, snacks, bakery preservation, and meat preservation.Besides food applications, acerola is also used in the preparation of skin care products to fight cellular aging. Acerola extract is rich in vitamin C, an antioxidant that helps strengthen the immune system and build collagen cells. It is a powerful antioxidant that is used to cure coronary artery disease and other respiratory diseases.
Further, growing concerns among consumers regarding the side effects of synthetic vitamin supplements are influencing consumers to use natural products such as acerola extract products, which is expected to fuel the demand for acerola extract over the forecast period. However, excessive consumption of acerola extract can lead to gastrointestinal (GI) distress. The use of acerola extract for prolonged periods and massive dosages may predispose to the formation of renal calculi. Thus, the use of acerola extract is regulated by various stringent regulations that restrain its use in various food and pharmaceutical applications. During the forecast period, this is expected to reduce demand for acerola extract.China and India are the most attractive markets for acerola extract products, with high growth potential. India and China have not only become prominent acerola extract product consumers but also producers due to their domestic ability to supply acerola extract of international quality at affordable prices to the growing acerola extract industry.
Powder form captured a major chunk of the market in 2017 and is expected to display a similar trend in the coming years
Based on different forms, the market was segmented into liquid and powdered forms. Powder form accounted for the majority of market value in 2017. The growing demand for health and vitamin supplements, especially functional foods, is driving the demand for acerola extract. However, the liquid form segment is expected to register high growth in the near future. Owing to advantages such as natural color, richness in vitamin C content, flavor, antioxidant property, and dough improvement, liquid formulations of acerola extract are anticipated to witness significant adoption among food and beverage manufacturers. Owing to growing consumption and rising demand for natural ingredients for the preservation of meat products, the demand for acerola extract in meat products is expected to gain adoption among manufacturers over the coming years.
The beverages segment is expected to witness the fastest growth during the forecast period
The beverages segment is anticipated to record the highest CAGR of 8.9% during the forecast period. Growing demand for ingredients with high ascorbic content, resulting in better fortification, is increasing the adoption of acerola extract in beverages. Furthermore, the meat and bakery segments are expected to witness significant growth during the forecast period. Factors such as high consumption of meat and bakery products along with demand for a longer shelf-life of the products among food and beverage manufacturers, especially in Asia Pacific, where the food and beverage industry is a major contributor to the overall economy, are fueling the overall acerola extracts market growth during the forecast period.
The major trends governing the global acerola extract market include the increasing use of acerola in several kinds of sports nutrition products, beverage blends, and antioxidant-rich superfruit and confectionery mixes. Another highly appealing application that has benefited from the high demand for multifunctional products and the growing consumer preference for convenience food products is the bakery application. Meat and confectionery applications fall into the medium-attractive category due to a limited range of new and innovative product offerings. This segment will expand due to increased meat consumption and high demand for products with a longer shelf life.
North America dominated the global acerola extract market in 2017 and is expected to display a similar trend over the next few years
Acerola is a native cherry-like fruit of Mexico and is thus largely found in parts of Central and South America. Acerola extract has long been used by food and beverage manufacturers primarily as an antioxidant, resulting in an increase in its use in other parts of the world, with a particular emphasis on the Indian subcontinent. In 2017, North America and Europe were the two largest regional markets for acerola extract. Companies in these regions are heavily investing in research and development to create blend formulations containing acerola extract in a variety of food and beverage products.
Asia Pacific, China, and India will serve as 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 acerola extract market's growth. Also, rising demand for products with anti-aging properties, a better metabolism, and immune system, and cancer prevention and diabetes management among consumers in Asia Pacific, coupled with support for agricultural businesses with the cultivation of acerola crops, is fueling the acerola extract market growth in the region.
China and India are potential markets for acerola extract in the Asia Pacific over 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, fuels the acerola extract market's growth. Also, rising demand for products with anti-aging properties, better metabolism and immune system, cancer prevention, and diabetes management among consumers in the Asia Pacific, along with support for agricultural businesses with the cultivation of acerola crops, is fueling the acerola extract market growth in the region.
Product development is one of the key strategies of the companies operating in the acerola extract market
The global acerola extract market faces intense competition among the major players operating in this market. Market growth is attributed to frequent product development and innovation. Partnerships and joint ventures, as well as geographic expansion, are some of the key strategies adopted by the players in order to remain prominent and ensure long-term sustenance. 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., and The Green Labs LLC, among others.
In 2017, Amway launched its Nutrilite Drink Mix products in India and China. The drink. The drink contains five different fruit concentrates, including acerola, guava, pineapple, cashew, passion fruit, and fruit. The drink has no preservatives, artificial flavors, or colors and is widely preferred among consumers.
Companies such as Herbal Bio Solutions are focusing on broadening their product portfolio of herbal extracts, essential oils, and Brazilian natural extracts.
Herbal Bio Solutions continues to maintain a strong client base among medical and cosmetic manufacturers. Apart from Asian countries, the company is increasing its penetration in Mexico, African countries, and Gulf countries.
Periods of History and Forecast
2016 : Historic Year.
2017: Base Year
2018-2026: Forecast Period
Each market segment is analyzed in our study for the period of 2016 to 2026, with 2017 as the base year, while the period from 2018 to 2026 is considered for the CAGR calculation.
The report provides a detailed overview of the global acerola extract market by categorizing it into the following segments:
Form Segment (2016-2026; Kilo Tons; US Dollar Millions)
Liquid
Powder
By distribution channel segment (2016-2026; Kilo Tons; Millions of US Dollars)
Food Supplements
Beverages
Confectionery
Snacks
Meat
Bakery
Others (medical, personal care, etc.)
Geography Segment (2016-2026; Kilo Tons, US Dollar Millions)
North America
United States
Canada
Europe
UK
Germany
France
Ireland
Spain
Italy
Rest of Europe
Asia-Pacific (APAC)
Japan
China
India
Australia
New Zealand
Rest of APAC
Latin America (LATAM)
Brazil
Mexico
rest of Latin America
Middle East and Africa (MEA)
GCC
Kenya
South Africa
the remainder of MEA
This research report describes leading continents and their major countries, along with profiles of key players operating in the overall market and their planned developments. Our report further defines the overall market dynamics, such as drivers, challenges, and opportunities prevalent in the market, to understand the global acerola extract market more explicitly. Our in-depth quantitative and qualitative analysis of each segment up to the country level highlights investment opportunities and revenue pockets in the market.
Key questions are answered in this report.
What are the current market trends in the acerola extract market and the most valuable opportunities for the players?
Which is the most lucrative region for investment?
What are the market size and trends in emerging markets?
Which are the different forms of acerola extract and their market sizes?
What are the major applications of acerola extract and their market sizes?
Which are the leading players and their market positions?
Frequently Asked Questions:
The market for Acerola Extract Market is expected to reach US$ 8,675.8 Mn By 2026.
The Acerola Extract Market is expected to see significant CAGR growth over the coming years, at 8.2%.
The report is forecasted from 2018-2026.
The base year of this report is 2017.
Blue Macaw Flora, Diana Naturals, Duas Rodas Industrial, Herbal Bio Solutions, Nature's Power Nutraceuticals Corp., Naturex, Nichirei Corporation, NutriBotanica, Optimally Organic Inc. are some of the major players in the global market.
