Acerola Extract Market Size 2023, Global Industry Share, Growth, Revenue, Rising Trends, Challenges, Future Opportunities and Competitive Analysis 2032: SPER Market Research
Acerola, a tropical fruit known for its high vitamin C content, also contains a variety of phytonutrients such as carotenoids, phenolic, anthocyanins, and flavonoids. Because acerola fruit contains many phytonutrients and ascorbic acid, acerola extract is used to make medications that cure a variety of ailments, including obesity, diabetes, and the common flu. It is therefore expected that throughout the projected period, there would be a rise in demand for the product from medicinal applications.
According to SPER market research, ‘Acerola Extract Market Size- By Form, By Application, By Nature, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2032’ state that the Acerola Extract Market is predicted to reach USD 0.04 Billion by 2032 with a CAGR of 7.82%.
Drivers: Ascorbic acid is a necessary vitamin that dissolves in water. Ascorbic acid is produced by most plants and animals, but not by humans. Humans need it as a dietary supplement as a result. Vitamin C is abundant in acerola. Food and beverage makers are compelled to incorporate acerola extract into their goods due to this feature. As a good source of ascorbic acid, acerola is one of the few fruits that contains carotenoids, flavonoids, phenolics, and anthocyanins. These phytonutrients are all beneficial in treating a range of illnesses. Acerola’s strong antioxidant content helps to inactivate free radicals, which are linked to diseases including cancer and cardiovascular ailments as well as the aging process.
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Challenges: During the present projected period, adverse consequences from high acerola-based goods costs and excessive use of vitamin C products containing acerola may impede corporate growth. Multifunctional food business trends are influenced by various elements such as distribution network links from farm to fork, consumer patterns, and regulatory framework. The expansion of the acerola extract market is anticipated to be impacted by this.
The COVID-19 epidemic affected the operations and manufacturing activities of the food and beverage industry. The pandemic led to constraints in transportation and supply chain operations, which had a partial negative impact on the market. On the other hand, as consumers looked for immune boosters to avoid illnesses, the acerola extract market showed good effects. Because they improved general wellness and decreased anxiety, consumers’ demand for vitamins, minerals, and supplements surged during the lockdown.
Acerola Extract Market Key Players:
North America is expected to have the highest acerola extract market share. Because the poultry industry is using more and more acerola extract as a meat preservative, it is becoming more and more popular. Because acerola is a superior antioxidant and extends the shelf life of food goods, acerola extract is in higher demand in the area. Furthermore some of the market key players of acerola extract market are Advanced Biotech, Blue Macaw Flora, Diana Group, Florida Food Products, HANDARY S.A.
Global Acerola Extract Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Form:
- Powder
- Liquid
By Application:
- Bakery Products
- Beverages
- Confectionery Products
- Convenience & Processed Products
- Cosmetics & Personal Care
- Dairy Products
- Dietary Supplements
By Nature:
- Conventional
- Organic
By Distribution Channel:
- Direct
- Indirect
By Region:
- Asia-Pacific
- Europe
- Middle East
- Africa
- North America
- Latin America
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