According to a new market report published by Credence Research, “Acerola Extract Market Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” the global acerola extract market is expected to reach over US$ 15,763.8 Mn by 2025, expanding at a CAGR of 7.9% from 2017 to 2025.
Browse the full Acerola Extract Market by form liquid and powder, by application Medical Application, Food Supplements, Beverages, Confectionery, Snacks, Meat, Bakery and Others – Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report at http://www.credenceresearch.com/report/acerola-extract-market
The global acerola extract market is expected to witness high growth during the forecast period 2017 to 2025. Growing preference for healthy fruit based products is anticipated to drive the demand for the acerola extract. The global acerola extract market is projected to reach US$ 15,763.8 million by 2025, expanding at a CAGR of 7.9% from 2017 to 2025.
By form, acerola extract market segmentation includes powder and liquid forms; of which, in 2016, powder form dominated the market in terms of revenue contribution and is further expected to remain dominant during the forecast period of 2017 to 2025. Currently, growing demand for vitamins and health supplements, particularly in functional foods is fueling the demand for powdered form of acerola extract. However, liquid form segment is expected to register high growth in the near future. Owing to advantages such as natural color, rich vitamin C content, flavor, antioxidant property, and dough improvement, liquid formulations of acerola extract are anticipated to witness significant adoption among food and beverage manufacturers. Owing to growing consumption and rising demand for natural ingredients for preservation of meat products the demand for acerola extract in meat products is expected to gain adoption among manufacturers over the coming years.
On the basis of applications, the global acerola extract market is segmented into food supplements, beverages, confectionery, snacks, meat, bakery and others. Among these, food supplements segment dominated the market and accounted for 26.7% share of the global market in 2016. This segment is projected to maintain its dominance over the next eight years. Rising demand for organic and stable ingredients in food and beverage products is a key factor driving growth acerola extract market. Some of the other factors fuelling the acerola extract market growth (primarily in varied food applications) include demand for natural preservative solutions, ingredients with enhanced oxygen-scavenging properties in meat products, improved color and curing properties, maintenance of nutritional efficacy, particularly if used in cured and raw meat products.
For the purpose of this study, the global acerola extract market is categorized into regional markets viz., North America, Europe, Asia Pacific and Latin America and Middle East and Africa. In base year 2016, North America was observed as the largest market for acerola extract. In Asia Pacific, China and India serve potential markets for acerola extract in the next five to six years. Growing consumption of beverages and meat products especially in China and India, along with commercialization measures for acerola extract as an ingredient in various food and beverage products fuel the acerola extract market growth.
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Furthermore, companies present in North America and Europe are extensively focusing on research and development for developing blend formulations comprising acerola extract in various food & beverages products and companies are focusing on expanding their business network, across regional markets. Amway, Blue Macaw Flora, DIANA NATURALS, Duas Rodas Industrial, Herbal Bio Solutions, Nature’s Power Nutraceuticals Corp., Naturex, Nichirei Corporation, NutriBotanica, Optimally Organic Inc., The Green Labs LLC. and Vita Forte Inc. are few key manufacturers in acerola extract market.
- Growing consumer inclination towards natural products
- Increasing array of applications
- Asia pacific is expected to register the highest growth rate
- High prices of acerola extract products is acting as a restrain to growth of the market
- Strong Demand from Emerging Economies