Future Industry Insights’ new study, ” Acerola Extract Market: Global Industry Analysis and Opportunity Assessment, 2016–2026,” delves into the global acerola extract market. In terms of value, the global acerola extract market is predicted to develop at an impressive 8.5 percent CAGR from 2016 to 2026. The global acerola extract market is influenced by several drivers and trends, which Future Market Insights delves into in this report.
As global levels of diabetes, obesity, and heart disease have increased, consumer preferences have shifted toward natural, fruit-based, and healthy products. This is exemplified by the recent emergence of superfruits,’ a term that refers to extremely nutritious fruits. Acerola and its derivatives are a natural fit for the fruits’ outstanding nutritional profile. In addition to Vitamin C, acerola is abundant in pectin, pectolytic enzymes, carotenoids, fiber, Vitamin B, proteins, and other salts. Acerola extract is low in calories and fat-free, further enhancing its nutritional profile.
Acerola extract has a lot of potential in the cosmetics industry because of its ability to provide a wide range of skin benefits, the majority of which are due to its high Vitamin C content. It functions as an antioxidant, preventing free radicals from causing skin aging, brightening the complexion, and boosting the skin’s moisture retention ability. Over the projected period, these factors are likely to boost acerola extract demand and, as a result, revenue growth in the global acerola extract market.
There are two types of acerola extract on the market: powder and liquid extract (Beverages, Food Supplements, Meat Preservation, Snacks, Bakery Preservation, Confectionery Products, and Others).
- The Powder category is predicted to be worth US$ 5,057.5 million by the end of 2016, with a CAGR of 8.6% between 2016 and 2026.
- The Food Supplements application segment is anticipated to be worth US$ 2,102.1 million by the end of 2016. The Food Supplements application segment is predicted to grow at an annual pace of 8.7% between 2016 and 2026. The beverage application segment is estimated to create US$ 126.2 million in total potential in 2016, up from US$ 126.2 million in 2015.
Regional market projections
The seven key regions that make up the global acerola extract market are North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa (MEA), and Japan. The North American acerola extract market was valued at US$ 1,728 million in 2015 and is predicted to expand at an annual rate of 8.1 percent through 2021, reaching US$ 2,715.6 million. Increased use in medicinal applications is driving the acerola extract market in North America. The APEJ acerola extract market is expected to be worth US$ 2,835.6 million by the end of 2026. As APEJ’s supply chain and manufacturing facilities increase, the market is predicted to grow in revenue.