The acerola extract market is set to be valued at USD 19,513.3 million in 2023 and is anticipated to reach USD 40,567.06 million by 2033. The market is expected to surge at a CAGR of 7.6% from 2023 to 2033.
The brilliant red cherry fruit acerola is primarily found in California, Florida, Texas, and areas of Central and South America. This fruit is consumed as a natural health supplement and is high in vitamin C. In the market, acerola fruit extract is easily accessible in both powdered and liquid forms.
Acerola fruit extracts are utilized in a wide range of applications to improve the nutritional content of food items, including yogurt, sauces, soups, and beverages as well as confectionery, bread, and meat products.
Increasing consumer awareness of vitamin C has expanded the acerola extract industry. It further provides antioxidants and enhances food flavors. Rising shift from synthetic vitamin supplements to natural ones is projected to drive acerola extract demand in the next ten years.
Acerola can be consumed to strengthen the immune system along with vitamin C. Acerola cherry is an astringent similar to witch hazel. As a result, it is beneficial for curing skin blemishes, enhancing skin suppleness, addressing stomach problems, and can act as an antibacterial mouthwash.
| Attributes | Key Insights |
|---|---|
| Acerola Extract Market Estimated Size (2023E) | USD 19,513.3 million |
| Projected Market Valuation (2033F) | USD 40,567.06 million |
| Value-based CAGR (2023 to 2033) | 7.6% |
| Collective Value Share: Top 3 Countries | 35.6% |
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| Market Statistics | Details |
|---|---|
| Jan to Jun (H1), 2021 (A) | 6.2% |
| Jul to Dec (H2), 2021 (A) | 6.8% |
| Jan to Jun (H1),2022 Projected (P) | 7.2% |
| Jan to Jun (H1),2022 Outlook (O) | 6.9% |
| Jul to Dec (H2), 2022 Outlook (O) | 8.2% |
| Jul to Dec (H2), 2022 Projected (P) | 7.9% |
| Jan to Jun (H1), 2023 Projected (P) | 7.2% |
Acerola extract sales grew at a CAGR of 7.6% between 2018 and 2022. The period marked the entry of several market players and product innovations. Acerola is gaining popularity in the food and beverage business due to its high content of vitamin C, which is better absorbed by humans than manufactured ascorbic acid.
Due to its ability to serve as a preservative, it is also used as an ingredient in the production of convenience foods & beverages. Recent investments and research & developments in the food processing industry have been useful in pulling down the number of chemicals used and providing a better alternative to increase the quality of food products.
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Awareness about Acerola Cherry Extract Benefits to Boost Plantation across Emerging Countries
As millennials and the gen z are becoming aware of commercial, as well as medicinal properties of acerola extracts, plantation of the tree is likely to spread to various parts of the globe. At present, the tree can be found in the USA as far as Texas and in Asia Pacific as far south as India.
Key players are set to manufacture acerola extracts by keeping their costs low as the fruit is relatively easy to grow. Plantation of acerola trees only needs careful evaluation of wind conditions as they have extremely shallow roots. Hence, the tree is set to be propagated through common methods such as seeding and cutting.
| Region | North America |
|---|---|
| Country | USA |
| CAGR | 6.6% |
| BPS Analysis | -122 |
| Market Value (2033) | USD 4,800.3 million |
| Region | Europe |
|---|---|
| Country | United Kingdom |
| CAGR | 5.5% |
| BPS Analysis | -210 |
| Market Value (2033) | USD 664.9 million |
| Region | Asia Pacific |
|---|---|
| Country | China |
| CAGR | 3.6% |
| BPS Analysis | -46 |
| Market Value (2033) | USD 1,268.4 million |
| Region | Asia Pacific |
|---|---|
| Country | India |
| CAGR | 9.1% |
| BPS Analysis | -371 |
| Market Value (2033) | USD 878.1 million |
| Region | Asia Pacific |
|---|---|
| Country | Japan |
| CAGR | 4.8% |
| BPS Analysis | 105 |
| Market Value (2033) | USD 683.0 million |
Pharmaceutical Companies in India to Use Acerola Fruit Extracts for Treating Obesity
According to Future Market Insights, the India acerola extract industry is anticipated to expand at a substantial rate and register a CAGR of 9.1% over the estimated period. Due to sizable possibilities for foreign direct investment in the food processing and pharmaceutical industries, India has demonstrated promising trends in terms of expansion of its industrial base.
One of the main factors driving the market is rising demand for acerola extract as a medicine for the treatment of diabetes, obesity, and heart problems. In Asia Pacific, India has a large consumer base and a sizable market share. Due to its provocation of expansion, the nation is likewise anticipated to witness high growth during the forecast period.
Demand for Acerola Berry Extracts to Surge in the USA with High Consumption of Clean Label Food
The USA acerola extract market accounted for a dominant share of 24.6% globally and is anticipated to escalate at a substantial CAGR of 6.6% from 2023 to 2033. Increasing awareness about the benefits of acerola extract, changing lifestyles, and consumption of clean label and nutritious on-the-go products are prominent factors driving the USA market. Despite increasing prices of products, there has been a steady rise over the years, due to healthy dietary habits among consumers, which would drive the market in the USA.
High Demand for Convenience Food in the United Kingdom to Push Sales of Cherry Acerola Powder
According to Future Market Insights, the United Kingdom acerola extract market is anticipated to register a significant CAGR of 5.5% over the forecast period. The market is expected to rise significantly in the country due to variations in consumer lifestyle and a strong effect on consuming convenience food.
Future Market Insights analysis confirms growth in the acerola extract industry by 2033 as presence of e-commerce networks burgeons across the United Kingdom. Manufacturers are set to focus on expanding their businesses by developing new technologies to achieve stable, improved potency at an economical price.
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Demand for Organic Acerola Powder to Skyrocket as Need for Vitamin Supplements Burgeons
The powder form segment is estimated to account for 65.1% of value share by 2022 in the acerola extract market. A significant CAGR is anticipated for this segment over the forecast period. Due to its widespread use in health and vitamin supplements, as well as its industrial and consumer use such as vitamin and antioxidant supplements in the food industry, acerola extract powder is in high demand.
As consumers considered vitamin C as an essential intake during the pandemic, the global acerola extract market started surging rapidly in 2020. Recent data shows a significant increase in the consumption of products infused with acerola extract as they are considered to be nutritional health supplements.
Acerola extract consumption is on the rise in various developed and developing countries. Mergers and acquisitions are an important business activity in the market. Few key companies are introducing new products to attract a large consumer base in the global market.
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| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 19,513.3 million |
| Projected Market Valuation (2033) | USD 40,567.06 million |
| Value-based CAGR (2023 to 2033) | 7.6% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value (USD million) and Volume (MT) |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and the Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Gulf Cooperation Council countries, China, India, Mexico, Germany, North Africa, South Africa, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, Thailand, Indonesia, Australia & New Zealand, Japan, and others. |
| Key Segments Covered | Product Form, Application, Region |
| Key Companies Profiled | The Green Labs LLC; Dohler GmbH; Blue Macaw Flora; he Green Labs LLC; Florida Food, Inc.; Diana Food S.A.S; Nutrilite (Amway); Naturex; Niagro; NutriBotanica; Nichirei Corporation, Inc.; Handary; Nature's Power Nutraceuticals Corp.; Foodchem International Corporation; Optimally Organic; Vita Forte |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global acerola extract market is anticipated to expand at a 7.6% CAGR from 2023 to 2033.
The global acerola extract industry is expected to reach USD 19,513.3 million in 2023.
Asia Pacific is expected to be Dominant for acerola extract industry players.
Limited awareness, sourcing challenges, and competition hinder the acerola extract market growth.
By 2033, the acerola extract industry is expected to reach a valuation of USD 40,567.06 million.
1. Executive Summary 2. Overview 3. Dynamics 4. Global - Pricing Analysis 5. Value Chain Analysis 6. Global Size (in Value (USD million) and Volume (MT) Analysis 2018 to 2022 and Forecast, 2023 to 2033 7. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Form 7.1. Powder 7.2. Liquid 8. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 8.1. Food Supplements 8.2. Beverages 8.3. Confectionery Products 8.4. Snacks 8.5. Meat Preservation 8.6. Bakery Preservation 9. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia 9.6. Oceania 9.7. Middle East & Africa 10. North America Analysis 2018 to 2022 and Forecast 2023 to 2033 11. Latin America Analysis 2018 to 2022 and Forecast 2023 to 2033 12. Europe Analysis 2018 to 2022 and Forecast 2023 to 2033 13. East Asia Analysis 2018 to 2022 and Forecast 2023 to 2033 14. South Asia Analysis 2018 to 2022 and Forecast 2023 to 2033 15. Oceania Analysis 2018 to 2022 and Forecast 2023 to 2033 16. MEA Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Country-level Acerola Extract Market, 2022 18. Structure Analysis 19. Competition Analysis 19.1. The Green Labs LLC 19.2. Dohler GmbH 19.3. Blue Macaw Flora 19.4. The Green Labs LLC 19.5. Florida Food, Inc. 19.6. Diana Food S.A.S 19.7. Nutrilite (Amway) 19.8. Naturex 19.9. Niagro 19.10. NutriBotanica 19.11. Nichirei Corporation, Inc. 19.12. Handary 19.13. Nature's Power Nutraceuticals Corp. 19.14. Foodchem International Corporation 19.15. Optimally Organic 19.16. Vita Forte 19.17. Other Players (On Additional Requests) 20. Assumptions and Acronyms Used 21. Research Methodology
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Acerola Extract Market
