Market Overview

Acerola is a small fruit resembling cherry. The fruit is widely found in the tropical areas of the Western Hemisphere. Acerola has medicinal properties which is why it’s always in high demand. This cherry-like fruit is rich in vitamin A and C and other vitamins like niacin, riboflavin, and thiamine. Acerola is largely used in preventing or curing scurvy, an ailment caused by the lack of vitamin C in the body. It finds wide application in thwarting heart diseases that block or harden the arteries. Additionally, Acerola prevents cancer, blood clots, common cold, retinal hemorrhages, pressure sores, gum infections, collagen disorders, tooth decay, hay fever, and depression. Acerola is often used by athletes for improving immunity and vigor. The fruit extracts are often used in frozen dairy, baked goods, jellies, jams, snacks, confectioneries, dietary supplements, and beverages, among others. As reported by Market Research Future (MRFR) global acerola extract market share can be estimated to generate USD 4 billion (approximately) by 2024. The market can be expected to record a growth at 8.4% CAGR over the forecast period 2019 to 2024. On account of the nutritional health advantages bore by the fruit, acerola extract has been anticipated to witness a sharp surge in various sectors. The gradual shift of consumer preferences toward healthy beverages is substantially driving the surging demand for acerola extract market. Moreover, the inclination towards natural food ingredients among the food manufacturing businesses has paved way for the expansion of acerola extracts market. Furthermore, acerola extract is being widely accepted as a beneficial cure to skin ailments and therefore, it has a bright future in the cosmetics and personal care industry, that is projected to further accelerate the growth of the global acerola extract market.

Market Segmentation

The worldwide acerola extract market has been segmented based on application, region, and category. Based on application, the global acerola extract market has been segmented into dairy & frozen desserts, dietary supplements, bakery & confectionery, sweet & savory snacks, beverages, and others. Based on region, the global acerola extract market has been segmented into Asia-Pacific, Europe, North America, and the rest of the world. The global acerola extract market in Asia-Pacific has been segmented into India, China, Australia & New Zealand, Japan, and the rest of Asia-Pacific. The European acerola extract market has been segmented into France, Germany, UK, Spain, and the rest of Europe. The North American acerola extract market has been segmented into Canada, Mexico, and the US. The market in the rest of the world has been segmented into the Middle East, Africa, and South America. Based on category, the global acerola extract market has been segmented into conventional and organic.

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Key Players

Global acerola extract market has been dominated by key players such as The Green Labs LLC (US), DuPont (US), Vital Herbs (India), Kemin Industries, Inc. (US), Vita Forte Inc. (US), Naturex (Givaudan) (France), Xi'an Shunyi Bio-Chemical Technology Co., Ltd (China), Martin Bauer Group (Germany), Herbal Creative (India), Foodchem International Corporation (China), Niagro Nichirei Group Company (Brazil), Panacea Phytoextracts Pvt. Ltd. (India), PLANTEX (France), Nutra Green Biotechnology Co.,Ltd. (China), and NutriBotanica (Brazil).

Regional Analysis

The worldwide Acerola extract market has been segmented into Asia Pacific, Europe, North America, and rest of the world (RoW). North America has been leading the market followed by Europe. The U.S. followed by Mexico are the key contributors of acerola extract market in North America. Asia Pacific has been anticipated to be one of the rapid growing regions over the forecast period. China and India are the key contributors in this area owing to the increasing health concerns and rise in healthy food habits. Latin America has also been expected to observe considerable growth over the forecast period in which Brazil is the key contributor.