The latest market report published by Credence Research, Inc. “Acerola Extract Market, By Type and Application – Growth, Future Prospects and Competitive Analysis, 2016 – 2023,” the global acerola extract was valued at US$ 7.4 Bn in 2015, and is expected to each US$ 13.5 Bn by 2023, expanding at a CAGR of 7.9% from 2016 to 2023.
Browse the full Acerola Extract Market – Growth, Future Prospects and Competitive Analysis, 2016 – 2023 report at http://www.credenceresearch.com/report/acerola-extract-market
Increasing demand for natural culinary and medicinal ingredients in food and beverage products among consumers is leading towards adoption of acerola extract across the globe. Exploration and commercialization of acerola extract is thus, gaining traction among food and beverage manufacturers.
Acerola extract market growth is majorly due to increasing demand for vitamin and health supplements among consumers, which is further attributed to growing number of patients with issues such as diabetes, obesity, hypertension and others. Other factors fuelling the acerola extract market growth include demand for multiple functionality products, growing inclination of consumers towards convenience food products coupled with demand for products containing vitamin C, development of food and beverage product formulations having better stability and preservation along with high antioxidant properties in beverages and convenience food products, and increasing demand for natural ingredient food and beverage products among consumers across the globe. However, side-effects due to excessive acerola consumption and high prices of acerola extract-based products are restricting the acerola extract market growth.
In 2015, North America dominated the market in terms of revenue share contribution, followed by Europe and Asia Pacific. North America accounted for around 35% of the overall acerola extract market. Commercialization of acerola extract in the country coupled with growing adoption of acerola extract among consumers regarding health benefits associated with consumption of acerola extract is anticipated to fuel the market growth during the forecast period. Asia Pacific is further expected to record highest CAGR during the forecast period. Also, acerola Extract market in Western Europe is expected to record significant growth during the forecast period.
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Some of the prominent players identified in the acerola extract market include Amazonia Exportacao E Representacao, Nature’s Power Nutraceuticals Corp., Naturex SA, iTi Tropicals, Duas Rodas Industrial, Optimally Organic, The Green Labs LLC, Nutrilite (Amway), Diana Naturals, Vita Forte, Niagro, Blue Macaw Flora, NutriBotanica, Florida Food, Inc. and Nichirei Corporation, Inc. Companies are developing efficient formulations in terms of stability and adequate amount of acerola extract usage for extensive food and beverage applications of acerola extract.
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