The Acerola Extract Market refers to the global industry involved in the production, distribution, and consumption of acerola extract derived from the acerola cherry, also known as Barbados cherry or West Indian cherry. Acerola is a small fruit rich in vitamin C and other antioxidants, making it highly sought after for its health benefits.
According to Future Market Insights, the acerola extract market is projected to be valued at US$ 40,567.06 million in 2033. A valuation of US$ 19,513.3 million is set to be showcased by the market in 2023. It is estimated to witness a CAGR of 7.6% in the forecast period from 2023 to 2033.
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Over the course of the forecast period, rising consumer desire for healthy, natural, and fruit-based goods is anticipated to drive the global acerola extract market. The market is being driven primarily by rising demand for convenience food and beverage goods as well as current interest in clean-label products.
Vitamin C from acerola extracts is abundant and easier for people to absorb than manufactured ascorbic acid. It is growing more and more well-liked in the food and beverage sector. Acerola extract is used as a component in the creation of convenience meals and beverages due to its preservation properties.
Acerola is rich in vitamin C and can be consumed to strengthen one’s immune system. Acerola cherry is an astringent, similar to witch hazel. As a result, it is beneficial for curing skin blemishes, enhancing skin suppleness, addressing stomach problems, and acting as an antibacterial mouthwash.
However, undesirable side effects of acerola extracts continue to create waves in the market. These include diarrhea, vomiting, nausea, nausea, frequent urination, dizziness or fainting, and headache (including migraine) in few cases. The worldwide acerola extract market’s revenue growth is projected to be constrained by the high cost of acerola-based products as well as adverse effects from excessive use of these goods.
Key Takeaways from the Acerola Extract Market Report:
- Between 2018 and 2022, the acerola extract market progressed at a CAGR of 6%.
- The acerola extract market was valued at US$ 18,046.3 million in 2022.
- The United Kingdom acerola extract market is projected to surge at a CAGR of 5% during the forecast period from 2023 to 2033.
- In terms of product form, the powder segment is set to account for 1% of the total acerola extract market share in 2023.
- The food supplements segment by application is anticipated to generate a significant share of 27% in the global acerola extract market in 2023.
“Increasing consumption of clean-label food and nutritious on-the-go food items among millennials is projected to drive acerola extract demand. Key companies are projected to launch new products in the next ten years as health consciousness burgeons worldwide,” says a lead analyst at Future Market Insights.
Competition Landscape: Acerola Extract Market
At present, heavy investments are pouring into vitamin C centric research and development activities. Consumers are seeking products that provide significant health benefits. Recent investments & research and development in the food processing industry have been useful in pulling down the number of chemicals used and providing a better alternative to increase the quality of products. Owing to its properties as a significant health supplement, the market for acerola extract in foods & beverages is anticipated to surge.
Key Industry Development:
- In November 2022, Duas Rodas launched an exclusive product for the food supplement industry. This new item is a fruit extract with a standardized 40% natural vitamin C content and is marketed under the name Vitamin Ace 40. The company manufactures several products used in the food & beverage sector, for which it received the Innovation Award in 2019.
Get More Insights into the Acerola Extract Market Report
Future Market Insights, in its new report, offers an unbiased and thorough analysis of the global acerola extract market, analyzing historical demand from 2015 to 2022 and forecast statistics for 2023 to 2033. The study reveals market growth projections for acerola extract based on the product form (liquid, powder), application (food supplements, beverages, confectionery products, snacks, meat preservation, bakery preservation), & region.
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Acerola Extract Market Outlook by Category
By Product Form:
- Powder
- Liquid
By Application:
- Food Supplements
- Beverages
- Confectionery Products
- Snacks
- Meat Preservation
- Bakery Preservation
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
- South Asia
- Oceania
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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