Acerola Extract Market by Form (Dry and Liquid), Category (Organic and Conventional), Application (Bakery and Confectionery, Dairy and Frozen Desserts, Beverages, Sweet and Savory Snacks, Others): Global Market Size Estimates and Forecast (2022–2030)
The market crossed US$ 4.00 billion mark in 2022 and is expected to hit US$ 7.36 billion by 2030, recording a CAGR of 7.9% during the forecast period.
Acerola extract market has been significantly growing due to growing demand for ‘clean labelled’ products with the increasing health consciousness.
The rising demand for acerola extract in the bakery and confectionery industry is mainly driven by increased demand for ‘clean labelled’ ingredients. The millennials are more focused on health consciousness and the ingredients consumed through their products. Also, the consumers’ shift towards organic over conventional ingredients drives the acerola extract market. The bakery and confectionery segment is expected to rise at a fast pace with the rising adoption of baked goods among all age groups worldwide. Further, other segments such as dairy & frozen desserts, beverages, and sweet and savory snacks are also expected to gain traction during the forecasted year.
Within the report, the market is segmented into form, category, application, and geography. By form, the market is further segmented into dry and liquid. Based on category, the market is bifurcated into organic and conventional. By application, the market is categorized into bakery and confectionery, dairy and frozen desserts, beverages, sweet and savory snacks, and others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Growing ‘vegan’ and ‘organic’ trends across the food and beverages industry augmenting the acerola extract market.
Acerola extract is a rich source of vitamin C. Due to its health benefits, food and beverage manufacturers are extensively incorporating acerola extract in their products. Moreover, the quality standards maintained by the manufacturers have led to a rise in demand for innovative products, thereby contributing significantly to the growth of the acerola extract market. Further, stringent government regulations on maintaining quality standards help manufacturers to offer premium and standard quality ingredients to end-use industries.
Rising adoption in various industries is one of the major factors accelerating markets’ growth.
The use of acerola extract serves the end-use industries such as bakery and confectionery, dairy and frozen desserts, beverages, sweet and savory snacks, and other industries. Within these industries, dairy and frozen desserts industry is one such industry, wherein the use of acerola extract help extend shelf life and prevents oxidation. The sweet and savory industry is also encouraging the use of acerola extract. Other industries such as beverages are also encouraging the use of this acerola extract.
Recent strategic developments in the acerola extract market
The acerola extract market has undergone several significant developments, and a few of these have been mentioned below:
- In March 2021, Nexira launched a nutricosmetics line called NutriBeauty. The range features three products: Glow & Beauty for Skin, Youth & Prevention for Anti-aging, and Hair & Nails Care. The company specially offers acerola extract for youth and prevention for anti-ageing.
- In September 2020, Symrise Division Diana Food launched the first clean label, organic and Fair Trade acerola powder.
- In October 2020, CAIF introduced 34% native vitamin C acerola extract.
- In February 2019, Bösch Boden Spies and Niagro launch acerola puree.
The acerola extract market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Kimin Industries, Inc.; Martin Bauer GmbH & KG; Nexira; DSM; and Foodchem International Corporation are among the prominent players operating in the market.
Target audience for the report:
- Raw material providers
- Acerola extract-related service providers
- Acerola extract associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policy makers
- Venture capitalists, private equity firms, and start-up companies
- Acerola produce suppliers
- Acerola extract distributors and sales firms
- End users of acerola extract
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the market has been segmented on the basis of:
- Form:
- Dry
- Liquid
- Category
- Organic
- Conventional
- Application
- Bakery and Confectionery
- Dairy and Frozen Desserts
- Beverages
- Sweet and Savaory Snacks
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- Kimin Industries, Inc.
- Martin Bauer GmbH & KG
- Nexira
- DSM
- Foodchem International Corporation
- Kimin Industries, Inc.
- Martin Bauer GmbH & KG
- Nexira
- DSM
- Foodchem International Corporation