Acerola Extract Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Acerola Extract Market By Form (Dry, Liquid), By Application (Meat Products, Bakery Products, Confectioneries, Dairy & Frozen Desserts, Beverages, Others), By Nature (Conventional, Organic), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Global Industry Size, Share, Trends, Growth, Demand, Company Profile Analysis Forecast Report 2024-2031 

Acerola Extract Market Size

The global acerola extract market reached US$ 26.4 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 52.4 million by 2030. The market is expected to exhibit a CAGR of 8.9% during the forecast period (2024-2031). Acerola extract is a popular ingredient in the food & beverage industry due to its high content of vitamin C and other beneficial nutrients.

As consumers become more health-conscious and environmentally aware, there is a growing demand for natural and organic products, including acerola extract which boosts acerola extract market growth. Many consumers are looking for natural alternatives to synthetic vitamins and supplements, and acerola extract is a popular choice due to its high vitamin C content. There is a growing interest in functional foods and supplements that offer health benefits beyond basic nutrition. Acerola extract is often added to functional foods and supplements due to its antioxidant and immune-boosting properties which is a key factor for the growth of the acerola extract industry.

Acerola Extract Market Scope

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Acerola Extract Market Dynamics and Trends

Increasing Health Benefits And Awareness of The Acerola Extract Drive The Market Growth

Acerola is a natural source of vitamin C, with a quantity of 1000 to 4500 mg/100 g, which is roughly 50–100 times that of an orange or a lemon. Vitamin C is used for collagen production, one of the key structural proteins in hair, skin, and nails. Vitamin C can help cure colds and viruses up to 20% quicker. Vitamin C intake stimulates the production of multiple immune cells, including Lymphocytes, Phagocytes, and T-Cells. The high level of anthocyanin in acerola extract can reduce the risk of memory loss and associated cognitive decline. Acerola extract reduces inflammation and oxidation in the brain.  Hence, the increasing health benefits and awareness of the acerola extract drive market growth.

The High Cost of Acerola Extract Products Hamper The Acerola Extract Market Growth

The high cost of acerola extract products can be a limiting factor for the growth of the acerola extract market. This is because consumers may be less likely to purchase a product that is priced significantly higher than its competitors, especially if they are not familiar with the potential benefits of acerola extract. Additionally, high production costs may make it difficult for manufacturers to offer competitive pricing, which can limit the availability of acerola extract products in the market. The limited availability of acerola extract products can, in turn, reduce consumer awareness of the product and limit its overall growth potential.

Acerola Extract Market Segment Analysis

The global acerola extract market is segmented based on form, application, nature, and region.

The Dry Segment Accounted For The Highest Share of The Global Acerola Extract Market Due To Its Longer Shelf Life And Convenience 

Based on form, the acerola extract market is classified into dry and liquid.

In 2022, the dry segment had the highest revenue share in the acerola extract market. The dry form of acerola extract is considered powder. It is helpful as an immunity booster. Acerola extract is rich in vitamins A, B1, B2, C, and B3, carotenoids and bioflavonoids, proteins, lipids, carbohydrates, calcium, phosphorus, iron, pyridoxine, riboflavin, thiamine, and dietary fiber. It also has antioxidant properties. The powder is easy to use and used as an additive to shakes, smoothies, and meals. The dry powder form of the acerola extract has less moisture content, which increases the shelf life of the powder. 

Source: DataM Intelligence Analysis (2024)

Acerola Extract Market Geographical Share

Increasing Consumption of Acerola Extract In The North American Region 

In 2022, North America had the highest share of the acerola extract market owing to its increasing demand for acerola extract in processed fish, meat, and egg products. US and Canada are the major countries in the region, which have a high consumption of meat and bakery products, respectively. For instance, according to Statista, in North America, in the bread & bakery products segment, the average volume per person is anticipated to reach 60.35kg in 2023. Consumers used acerola extract instead of sodium erythorbate due to the best result of the extract. The US is the first country to use acerola extract in its NPL. 

Source: DataM Intelligence Analysis (2024)

Acerola Extract Market Companies

The major global players in the market include DuPont, The Green Labs LLC, Kemin Industries, Inc., Vital Herbs, Naturex, DSM, Martin Bauer Group, Dohler GmbH, Foodchem International Corporation, and Niagro Nichirei Group Company.

COVID-19 Impact on Acerola Extract Market

COVID-19 Impact

The COVID-19 pandemic has had both positive and negative impacts on the acerola extract market. On the positive side, there has been an increased demand for immune-boosting supplements, including acerola extract. As acerola extract is a rich source of vitamin C with immunity-boosting properties also acts as powerful antioxidant protection against damage, including oxidative stress and systemic infection. However, the pandemic has caused Supply chain disruptions, restrictions on international trade, and reduced production capacity which have affected the overall growth of the acerola extract market.

Key Developments

• In November 2022, Duas Rodas, a manufacturer of aromas and ingredients for the food and beverage industry, introduced exclusive acerola extract with standardized 40% natural vitamin C. The new product, called Vitamin-Ace 40, is a fruit extract with a standardized 40% natural vitamin C content.
• In April 2021, Kemin Food Technologies, a provider of health and nutritional solutions to agrifoods, food ingredients, pet food, and human health and pharmaceutical industries, launched Ingredient Library. The ingredient library showcases the Kemin ingredient solutions, including Acerola: a label-friendly, multi-purpose ingredient that can be used as a cure accelerator in alternatively cured meats and even offers color protection in fresh meat products.
• In January 2020, CAIF, a manufacturer of ingredients for the food and beverage, dietary supplement, and pet food industries, launched acerola powder extract with a minimum of 32% native vitamin C. That extract is used as supplements, beverages, and snacks.

Why Purchase the Report?

• To visualize the global acerola extract market segmentation based on form, application, nature and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of the acerola extract market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global acerola extract market report would provide approximately 61 tables, 58 figures, and 200 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies