Acerola Extract Market Size 2020- COVID-19 Analysis, Growth, Forecast, Trends, Industry Size and Forecasts up to 2024
Market Overview
Acerola is a bright red juicy berry
consisting of various health beneficial attributes. The place of origin of
acerola is Yucatan. It is distributed from there to Mexico, South Texas,
Central America and Caribbean. It is cultivated in almost all the subtropical
regions of the world recently. Acerola extract has gained popularity owing to
its high vitamin C content. It also contains vitamin A, B, B1, B2 and B3 that
are essential for maintaining the normal functionality of human body. It is
used as an effective remedy for common cold, hay fever, depression, gum
infection, tooth decay, and several other health issues globally. Acerola
extract is mainly available in powder and liquid form which has high
application in various industries.
Market Forecast
Acerola
extract Market is a natural source of high
nutritional products. Increasing application of acerola extract in various
industries such as bakery and confectionery, dairy and frozen desserts,
beverages, food supplements, sweet & savory snacks, and others is driving
the growth of the market. Increasing health issues among the population and
their inclination towards functional foods is boosting the growth of the
acerola extract market.
Growing awareness among the population
for the health benefits associated with acerola extract is further boosting the
growth of the market. Growing application of acerola extract in cosmetic
industry is bringing surge to the acerola extract market growth. However, few
side effects associated with the consumption of acerola extract may hamper the
growth of the market. Nevertheless, all
these factors are projected to contribute to the estimated CAGR of 8.2% of
acerola extract market during the forecast period 2017-2023.
Competitive analysis
The major players in the acerola
extract market
·
The Green Labs LLC
·
Amazonia Exportacao E
Representacao
·
Nutrilite
·
Naturex
·
Nichirei Corporation, Inc.
·
Vita Forte
·
Martin Bauer Group
Regional Analysis
The Global Acerola Extract Market is segmented into North America,
Europe, Asia Pacific and rest of the world (RoW). North America is dominating
the market followed by Europe. The U.S. followed by Mexico are the major contributors
of acerola extract market in North America. High inclination towards
consumption of food supplements among the U.S. population is driving the
acerola extract in North America. In Europe, U.K., Germany and France are the
major contributors of acerola extract market.
Asia Pacific is expected to be the fastest growing region over the
forecast period. India and China are the major contributors in this region due
to growing health awareness and increase in consumption of healthy foods. Latin
America is also expected to witness moderate growth over the estimated period
in which Brazil is the major contributor.
Downstream analysis
Based on the form, acerola extract market is segmented into
powder, liquid and others. It is witnessed that powder form of acerola market
is dominating the market based on its high usage in food supplements and will
continue its growth in the coming years. However, it is anticipated that the
liquid form of acerola extract will gain a substantial growth during the
forecast period.
On the basis of application, acerola extract market is segmented
into bakery and confectionery, dairy and frozen desserts, beverages, food
supplements, sweet & savory snacks, and others. Among all, food supplements
is dominating the market. However, beverage segment is expected to grow
substantially owing to increasing use of acerola extract in juices, smoothies,
and other drinks.
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