Global Statistics Representing Acerola Market Scenario
Acerola extract is used in cosmetic and beauty products as an antioxidant to prevent skin aging, various skincare brands like Elemis, Sheerin O’kho, and Omorovicza are making use of the extract in facial care product to propel the market growth. It has been found the number of cosmetic products made from acerola extract has significantly increased in the last 2 years. The number is likely to go up due to extensive research and development activities being undertaken by numerous manufacturers to develop innovative products. For instance, in 2017, Naturex launched Face ice cream, a luxurious facial skin cream enriched with cornelian and acerola cherry extracts to provide an antioxidant boost. To acknowledge the rising consumption of herbal dietary supplements, dietary supplement manufacturers including NATURELO Premium Supplements, AvailNaturals, Vitaminedesk, and Pure Natural Ingredients are focusing on manufacturing supplements with herbal ingredients such as acerola extract.
Global acerola market is expected to reach USD 14,341.8 million by 2026, growing at a CAGR of 8.2% during the forecast period of 2019–2026.
For a better understanding of the global acerola market, we have segmented the market by extract type and application.
By type, the market is segmented into powder and liquid. Powder segment is dominating in the forecast period, at a CAGR of 8.7%. Acerola powder supplement is quite popular due to its water solubility, which can be easily mixed with beverages, smoothies, and juices. Acerola powder offers long shelf life, consistent mouthfeel, texture, ability to blend with other components, and ease of use in recipes
Application segment is further sub divided into food, beverages and other. Food segment is accounting for the largest market share in the forecast period. Food industry is consuming acerola extract as a rich source of vitamin C and anthocyanins to strengthen the immune system and prevent the damage caused by oxidative stress. The extract is gaining popularity as a natural alternative to synthetic ascorbic acid in the bakery industry. Today, manufacturers are offering products in different forms with different level of vitamin C like powder, especially for the bakery sector. For instance, Alsiano offers acerola powder extract such as AceroBakeTM A17, AceroBakeTM A34 and Organic AceroBakeTM A16 - 16-18%
Global acerola market by Americas, Asia Pacific, Europe, and the Middle East and Africa.
North America is dominating the market and capturing the largest market share in the forecast period. This growth can be attributed to High awareness among population regarding significance of ample amount of vitamin C in the body is likely to drive the North America acerola extract market. Growing popularity of acerola cherry and extract for its antifungal and antidepressant properties. Moreover, consumption of cherry or extract treats skin blemishes, aids digestive issues, and promotes skin elasticity, which, in turn, is expected to fuel the North America market growth. Moreover, growing trend of fruit and berry extracts, acerola extract market is anticipated to experience healthy growth in North America, with increasing demand for acerola extract to be mixed into freshly made smoothies, beverages, and juices.
Europe is growing at a significant rate owing to Ease of using acerola extract in freshly prepared juices, smoothies, food products, and medicinal and cosmetic products and proven benefits for several disorders including diarrhoea and depression are likely to escalate the overall demand. In the U.K, prevalence of scurvy has increased by 27% in the recent years, which proves severe vitamin C deficiency in the region. Acerola extract is one of the most potent sources of vitamin C, best fit to treat the deficiency and scurvy. Growing awareness regarding vitamin C deficiency and subsequent re-entry of scurvy disease in Europe is expected to boost the European acerola extract market growth.
Middle East and Africa witnessing significant growth due to increased consumption of food and beverages with increasing tourism and awareness regarding vitamin C deficiency.
Some of the prominent players in the market are Naturex (France), Duas Rodas Institucional (Brazil), Niagro – Nichirei do Brasil Agrícola Ltda. (Brazil), Diana Group (France), The Green Labs LLC (U.S.), NutriBotanica (Brazil), Vita Forte Inc. (U.S.), VidyaHerbs (India), PLANTEX (France), Martin Bauer Group (Germany), Herbal Creative (India), Blue Macaw Flora (Brazil), Herbal Bio Solutions (India), ETChem.com (China) and Xi'an Green Source Co.,Ltd (China).
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Acerola Market Segmentation
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