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acerola extract market

Acerola Extract Market Share, Size, Trends, Industry Analysis Report, By Application (Meat Products, Bakery Products, Confectioneries, Dairy & Frozen Desserts, Beverages, Others); By Form; By Nature; By Region; Segment Forecast, 2022 - 2030

  • Published Date: Jun 2022
  • Pages: 117
  • Format: PDF
  • Report ID: PM2453
  • Base Year: 2021
  • Historical Data: 2018 - 2020

Report Summary

The global acerola extract market was valued at USD 16.25 million in 2021 and is expected to grow at a CAGR of 7.4% during the forecast period. The industry for acerola extract is being driven by rising demand for Vitamin C components and increased consumer attention to healthy, natural, and fruit-based goods. As it contains a high amount of Vitamin C, which is better absorbed by humans than synthetic ascorbic acid, acerola extract market is gaining popularity in the food and beverage business.

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Owing to its propensity to operate as a preservative, it is frequently employed as a component in the production of convenience foods and beverages. It also contains antioxidants and enhances the flavor of food. The strong health advantages of acerola extract, along with a growing consumer disdain for synthetic vitamin supplements, are projected to drive greater demand in the near future.

Further, Acerola includes many phytonutrients such as carotenoids, phenolics, anthocyanins, and flavonoids and is one of the greatest natural sources of ascorbic acid. Acerola has a large reservoir of phytonutrients, which gives it a high antioxidant capacity and a variety of additional benefits. Apart from acerola, several other natural sources are high in antioxidants, such as rosemary extract and green tea extracts. The Mediterranean herb Rosmarinus officinalis is used to make rosemary extract. Green tea extract is a natural flavoring agent with antioxidant qualities that can be utilized in food. It slows the oxidation of lipids in the diet.

Green tea contains various poly-phenol components, catechins, an active antioxidant molecules, with epigallo-catechin-3-gallate and epi-catechin-3-gallate being the most efficient. Another key aspect driving the market demand is the increasing use of acerola in various beverage blends, sports nutrition products, antioxidant-rich confectionary, and superfruit combinations. However, the easy availability of the substitute is hampering the growth of the industry.

Industry Dynamics

Growth Drivers
Clean label goods are becoming increasingly popular in the global food and beverage business. Humans, unlike the majority of plants and animals, are unable to produce ascorbic acid. Because of the Vitamin C-rich property of acerola extract, food and beverage makers are compelled to use it in their goods. Acerola is one of the few fruits that include phenolics, flavonoids, anthocyanins, and carotenoids in significant amounts, in addition to being a good source of ascorbic acid.

All of these phytonutrients aid in the treatment of a variety of disorders. Due to its strong antioxidant activity, acerola promotes the inactivation of free radicals, which are directly linked to the aging process and diseases such as cancer and cardiovascular ailments. As per the WHO, in 2019, CVDs claimed the lives of 17.9 Mn individuals, accounting for 32 percent of all deaths. Thus, the rising prevalence of these diseases has increased the demand for these extracts is driving the industry growth.

Report Segmentation

The market is primarily segmented based on application, form, nature, and region.

By Application

By Form  

By Nature

By Region

  • Meat Products
  • Bakery Products
  • Confectioneries
  • Dairy & Frozen
  • Desserts
  • Beverages
  • Other Applications
  • Dry
  • Liquid
  • Conventional
  • Organic
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Insight by Application

Based on the application segment, the meat segment is anticipated to be the most significant revenue contributor in the global market. Color is the essential factor for consumers when determining the quality of fresh meat. As a result, to attract and retain customers, meat producers must avoid color loss in their products. It maintains the hue of fresh meat (myoglobin) decreased, allowing it to retain color.

Insight by Form

Based on the form segment, the dry segment is expected to be the most significant revenue contributor in the global market. It is highly sought by manufacturers due to these qualities. Moreover, rise in demand for extract powder in the nutritional and health supplements and also in the food industries for its anti-oxidant properties.

Geographic Overview

North America had the largest revenue share. The attributable factor for the dominance in the market is the rising demand for poultry. The North American region, particularly the US, is home to large-scale poultry industry. In addition, there is a lot of demand for poultry in supermarkets and retail stores. Acerola extract is a highly efficient anti-oxidant that extends the shelf life of food goods significantly. Acerola extract market is in high demand due to the spoil-prone nature of meat products and the demand for prolonged shelf life by supermarkets and fast-food restaurants.

Moreover, Asia Pacific is expected to witness a high CAGR in the global market. Changing dietary practices, particularly towards healthy and natural eating. Further, the health benefits of acerola extract, demand for natural products, affordability, and expanding number of start-ups in the market are all driving growth in the region.

China and India are the region's second big economies, with major meat and bread distribution channels. According to the Ministry of Fisheries, Animal Husbandry, and Dairying, meat output in India increased by 5.15% from 2014-15 to 2019-20. Buffaloes account for over 30% of India's entire meat production. According to the Reserve Bank of India, Uttar Pradesh (15%), Maharashtra (13%), and West Bengal (10%) contribute the most to India's meat output. The need for acerola extract market as an anti-oxidant is predicted to increase as the meat and pastry industries grow.

Competitive Insight

Some of the major players operating in the global market include Blue Macaw Flora, BR Ingredients, CAIF, Diana Food S.A.S., Dohler GmbH, DSM, Foodchem International Corporation, Handary SA, Kemin Industries, Inc., Naturex S.A., Nexira, Nichirei do Brasil Agrícola Ltda., Nutra Green Biotechnology CO., LTD, NutriBotanica, and The Green Labs LLC.

Acerola Extract Market Report Scope

Report Attributes

Details

Market size value in 2021

USD 16.25 Million

Revenue forecast in 2030

USD 30.36 Million

CAGR

7.4% from 2022 - 2030

Base year

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD Million and CAGR from 2022 to 2030

Segments covered

By Application, By Form, By Nature, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key companies

Blue Macaw Flora, BR Ingredients, CAIF, Diana Food S.A.S., Dohler GmbH, DSM, Foodchem International Corporation, Handary SA, Kemin Industries, Inc., Naturex S.A., Nexira, Nichirei do Brasil Agrícola Ltda., Nutra Green Biotechnology CO., LTD, NutriBotanica, and The Green Labs LLC

 

Key Take-Away
Polaris Market Research
Acerola Extract Market Size Report, 2022 - 2030