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 Outlook
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.
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Report Segmentation
The market is primarily segmented based on application, form, nature, and region.
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By Application |
By Form |
By Nature |
By Region |
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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
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Report Attributes |
Details |
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Market size value in 2021 |
USD 16.25 million |
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Revenue forecast in 2030 |
USD 30.36 million |
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CAGR |
7.4% from 2022 - 2030 |
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Base year |
2021 |
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Historical data |
2018 - 2020 |
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Forecast period |
2022 - 2030 |
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Quantitative units |
Revenue in USD million and CAGR from 2022 to 2030 |
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Segments covered |
By Application, By Form, By Nature, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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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 |
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