Multiple factors are causing the market for acerola extract to grow positively on a global scale. Acerola extract is increasingly in demand across a range of industries, including food and beverage, pharmaceuticals, and cosmetics, as a result of growing consumer awareness of the health benefits associated with it, including its high vitamin C content and antioxidant properties. The market has also been helped by the growing trend of products with clean labels and natural ingredients. Additionally, the growing global market size and ongoing R&D initiatives aimed at improving the extraction method and product quality contribute to the optimistic outlook for the acerola extract market.
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Data Bridge Market Research analyses that the Acerola Extract Market is valued at USD 2,979.11 million in 2022 and is expected to reach the value of USD 5124.20 million by 2030, at a CAGR of 5.8% during the forecast period of 2023 to 2030. As consumers become more health-conscious and seek natural alternatives, there is a growing demand for natural and functional ingredients. Acerola extract, derived from the acerola cherry, is rich in vitamin C, antioxidants, and other beneficial compounds, making it popular in various industries.
Key Findings of the Study
Growing demand in the cosmetics industry is expected to drive the market's growth rate
The cosmetics industry has witnessed a growing demand for acerola extract due to its skin-brightening and anti-aging properties. Consumers are increasingly seeking natural and sustainable beauty products, and acerola extract fits the criteria perfectly. It is utilized in skincare, haircare, and various cosmetic formulations for its ability to brighten the skin, reduce the appearance of wrinkles, and provide antioxidant benefits. The increasing consumer preference for natural ingredients in cosmetics has propelled the demand for acerola extract in the cosmetics industry.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Form (Dry/Powder, Liquid/Paste), Type (Conventional, organic), Application (Dietary Supplements, Bakery Products, Beverages, Sports Nutrition, Convenience and Processed Products, Cosmetics and Personal Care, Dairy Products, Confectionery Products, Meat and Poultry Products, Granola and Breakfast Cereals), Distribution Channel (Direct and Indirect)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Kemin Industries, Inc. (U.S), Florida Food Products (U.S.), Niagro - Nichirei do Brasil Ag. Ltda (Brazil), Naturex SA (France), Advanced Biotech (India), HANDARY S.A. (Belgium), Bösch Boden Spies (Germany), Optimally Organic (U.S.), KINGHERBS (China), Vita Forte Inc. (U.S.), The Green Labs LLC. (U.S.), DuPONT (U.S.), Foodchem International Corporation (China), Ti Tropicals (U.S.), Duas Rodas Institucional (Brazil) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The acerola extract market is segmented on the basis of application, form, type, and distribution channel
- On the basis of form, the market is segmented into dry/powder and liquid/paste. The dry/powder segment is expected to dominate the global acerola extract market with a CAGR of 7.5% in the forecast period of 2023 to 2030 due to its convenience, longer shelf life, ease of transportation, and versatility in various applications, including food and beverage, nutraceuticals, and dietary supplements.
In 2023, the dry/powder segment is expected to dominate the form segment of the global acerola extract market
In 2023, the dry/powder segment is expected to dominate the form segment of the global acerola extract market owing to its convenience extended shelf life, is portability, and can be used for a variety of products, including food, beverages, nutraceuticals, and dietary supplements with a CAGR of 7.5% in the forecast period 2023 to 2030.
- On the basis of type, the market is segmented into conventional and organic. The conventional segment is expected to dominate the global acerola extract market with a CAGR of 7.2% in the forecast period 2023 to 2030 due to limited functionalities. They still serve as affordable options for basic communication needs in certain markets or as backup devices.
- On the basis of application, the market is segmented into bakery products, sports nutrition, granola and breakfast cereals, meat and poultry products, confectionery products, dairy products, convenience and processed products, beverages, dietary supplements, cosmetics, and personal care. The dietary supplement segment is expected to dominate the global acerola extract market with a CAGR of 8.7% in the forecast period of 2023 to 2030 due to its high vitamin C content and antioxidant properties, making it a valuable ingredient for boosting immune health and overall well-being. The growing demand for natural and functional supplements drives the dominance of acerola extract in this market segment.
In 2023, the dietary supplement segment is expected to dominate the application segment of the global acerola extract market
In 2023, the dietary supplement segment is expected to dominate the global acerola extract market owing to its being a valuable ingredient for enhancing immune health and general well-being due to its high vitamin C content and antioxidant properties. The dominance of acerola extract in this market sector is fueled by the rising demand for natural supplements with practical benefits with a CAGR of 8.7% in the forecast period of 2023 to 2030.
- On the basis of distribution channel, the market is segmented into direct and indirect. The direct segment is expected to dominate the global acerola extract market with a CAGR of 7.1% in the forecast period of 2023 to 2030 due to it enables manufacturers to have direct control over the supply chain, ensuring product quality, timely delivery, and effective communication.
Major Players
Data Bridge Market Research recognizes the following companies as the major acerola extract market players in acerola extract market are Naturex (A subsidiary of Givaudan) (France), Duas Rodas Institucional (Brazil), Amway (U.S.), DuPont (U.S.), Diana Group (A Subsidiary of Symrise) (Greece)
Market Development
- In 2022, An ingredient and flavor company called CAIF announced the arrival in Brazil of its brand-new acerola concentrated ingredient, which naturally contains 32% vitamin C.
- In 2021, DuraShield, a new natural food protection product from Kalsec, contains rosemary and acerola extracts to help blend the most up-to-date antimicrobial food safety solution and lengthen the shelf life of food products.
- In 2020, For the Latin American region, clean-label organic acerola powders have been introduced, according to Diana Food of Symrise.
- In 2019, The business manufactures a range of ingredients for the food and beverage sectors. Through the company winning this innovation award, its market position has improved.
Regional Analysis
Geographically, the countries covered in the acerola extract market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in the acerola extract market during the forecast period 2023 to 2030
North America holds the largest market share in the global acerola extract market due to several factors. The region's advanced food and beverage industry, coupled with the increasing demand for natural and clean-label ingredients, has propelled the adoption of acerola extract. Additionally, the growing consumer awareness of health and wellness benefits, along with the presence of major manufacturers and suppliers, contributes to North America's dominant market position in the global acerola extract market.
South America is estimated to be the fastest-growing region in the acerola extract market for the forecast period 2023 to 2030
The acerola extract market in South America is undergoing rapid expansion driven by the increasing consumption of processed meat, poultry products, beverages, and bakery products. Acerola extract is utilized in these industries as a natural food additive, flavor enhancer, and source of vitamin C. The growing demand for processed and convenience foods, along with the rising consumer awareness of the nutritional benefits of acerola extract, has contributed to its significant market growth in South America.
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