Acerola Extract Market Trends, Demand, Scope, Growth Analysis and Industry Forecast To 2030
Market Overview
According
to industry trends and published market reports, the global acerola extract
market size is estimated to be valued at USD 2.5 billion in 2022. It is
projected to reach USD 4.01 billion by the end of the period in 2030,
recording a CAGR of 6.99% in terms of value. The global acerola extract market
has been projected to witness consistent growth over the last few years, and
this trend is projected to continue during the forecast period.
The
majority of the global market companies present in the food & beverage
industry expect COVID-19 to impact their operations. Indeed, the global market
sector's grim expectations become a reality amid plummeting raw material
prices, supply chain bottlenecks, spending slowdowns, and jitters over the
credit markets. Some major food & beverage companies have reportedly closed
facilities and are mulling the extent of layoffs to help curb the spread of the
virus and for economic reasons.
There
has been a rising trend of clean-label food products due to the increasing
health concerns has created growth opportunities for acerola extract
manufacturers. Meat products are emerging as the major application where
acerola extract is an antioxidant. However, the easy availability of
substitutes may hamper market growth. Ascorbic acid is an important
water-soluble vitamin. Most plants and animals can synthesize ascorbic acid,
but humans cannot. Hence, humans require it and ensure the intake as an
essential supplement in their diet. Acerola is known to act as a rich natural
source of vitamin C. The characteristic of acerola extract forces food &
beverage manufacturers to incorporate acerola extract in their products.
Market
Segmentation
The
acerola extract market has been segmented to meet the needs of the global
target audience and hence, expand the developing Acerola Extract Market Share. The segments are as follows:
By Application
The
application segment includes Meat Products, Bakery Products, Confectioneries,
Dairy & Frozen Desserts, Beverages, and Other applications like snacks
& cereals, dressings, jams, and jellies.
By Form
The form segment of the market includes Dry and Liquid
forms.
By Nature
The nature segment of the market has Conventional and
Organic substances.
By Region
●
North
America
●
Europe
●
Asia
Pacific
●
South
America
●
Rest of
the World (RoW)
●
Middle
East
●
Africa
Regional
Analysis
The
Asia Pacific region's growth is attributed to the increasing awareness of
healthy dietary habits among consumers. The key factors driving growth in the
Asia Pacific region include the health benefits of acerola extract, demand for
natural products, cost affordability, and the growing startups in the Acerola Extract Market Trends. China and India are the two major countries in the
region, with high consumption of meat and bakery products, respectively.
Some
players possess excellent functions by being a part of the acerola extract
market. They are as follows:
●
Nexira
(France)
●
Blue Macaw
Flora (Brazil)
●
B.R.
Ingredients (Brazil)
●
CAIF
(U.S.)
●
Vidya
Herbs Pvt Ltd (India)
●
Nutra
Green Biotechnology CO., LTD. (China)
Industry
News
●
In
February 2021, Nexira launched natural & organic acerola extract solution,
which helps delay meat discoloration by stabilizing myoglobin and its color due
to its antioxidant properties.
●
In
September 2020, Diana Food S.A.S. launched the first clean label, organic and
Fair-Trade acerola powder. It would help the global company meet the increasing
consumer demand for natural and healthy products to support well-being.
NOTE: Our Team of
Researchers are Studying Covid19 and its Impact on Various Industry Verticals
and wherever required we will be considering Covid19 Footprints for Better
Analysis of Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research
Future (part of Wantstats Research and Media Private Limited),
99 Hudson
Street,5Th Floor, New York, New York 10013, United States of America
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