Market Size of Global Acerola Extracts Industry
| 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 |
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 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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| Beauty and Personal Care | |
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Global Acerola Extracts Market Size Summary
The global acerola extract market is experiencing significant growth, driven by its increasing application across various industries such as food and beverages, pharmaceuticals, and cosmetics. The extract is highly valued for its antioxidant properties, which enhance the shelf-life of products and impart a tangy flavor, making it a popular choice in confectionery. In the pharmaceutical sector, acerola is utilized for its rich content of anthocyanins and ascorbic acid, contributing to the development of drugs for ailments like the common cold, flu, diabetes, and obesity. The cosmetic industry also leverages acerola extract for its high vitamin C content and functional benefits, incorporating it into skincare products like anti-aging creams and sunscreens. The rising consumer preference for natural and organic ingredients, particularly in the food and beauty sectors, is further propelling the demand for acerola extracts, as seen in the introduction of organic acerola solutions by companies like Nexira.
The market is characterized by intense competition, with numerous national and international players offering acerola extracts in both liquid and powder forms. Key companies such as Dupont Nutrition and Biosciences, Foodchem International Corporation, and The Green Labs LLC are actively engaging in product innovation and strategic partnerships to expand their market presence. The South American region, particularly Brazil, is witnessing rapid market expansion due to the growing consumption of processed foods and the increasing popularity of natural antioxidants. This regional demand is supported by the commercial production of acerola, which significantly contributes to the local economy. As the trend towards sustainability and clean label products continues to rise, the acerola extract market is expected to maintain its growth trajectory, with ongoing innovations and strategic market initiatives playing a crucial role in its development.
Global Acerola Extracts Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Form
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2.1.1 Liquid
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2.1.2 Powder
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2.2 By Application Type
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2.2.1 Food and Beverage
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2.2.2 Pharmaceuticals and Healthcare
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2.2.3 Beauty and Personal Care
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2.2.4 Animal Feed
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2.3 By Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 Italy
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2.3.2.4 France
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2.3.2.5 Spain
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East & Africa
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2.3.5.1 South Africa
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle East & Africa
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Global Acerola Extracts Market Size 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.
