Asia-Pacific Acerola Extract By Form (Dry/Powder, Liquid/Paste), Type (Conventional, organic), Application (Dietary Supplements, Bakery Products, Beverages, Sports Nutrition, Convenience & Processed Products, Cosmetics & Personal Care, Dairy Products, Confectionery Products, Meat & Poultry Products, Granola & Breakfast Cereals), Distribution Channel (Direct and Indirect), – Industry Trends and Forecast to 2029
Asia-Pacific Acerola Extract Market Analysis and Size
Growing awareness of its medicinal and other commercial applications has resulted in its plantation spreading to other parts of the world. The tree is now found as far south as India in Asia Pacific and as far north as Texas in North America. Since the fruit is relatively easy to grow, the Asia-Pacific acerola extract market participants are able to keep manufacturing costs to a minimum. Due to its extremely shallow roots, the tree plantation only requires careful consideration of wind conditions. Cutting, seeding, and other common methods are used to propagate the tree.
Data Bridge Market Research analyses that the acerola extract market was valued at USD 1035.26 million in 2021 and is expected to reach the value of USD 2108.68 million by 2029, at a CAGR of 9.3% during the forecast period of 2022 to 2029.
Market Definition
Acerola is a tropical fruit-bearing small tree or shrub with the scientific name Malpighia emarginata. The tree belongs to the Malpighiaceae family. It is also known as wild crepe, acerola cherry, seriz, and West Indian cherry. The acerola tree is thought to have originated in South America. Its fruit resembles cherry but is much smaller in size. It contains Vitamin B1, Vitamin A, B3, and B2 as well as Vitamin C, which is extremely nutritious. The fruit is also well-known for its antioxidant properties, bioflavonoids, and carotenoids.
Asia-Pacific Acerola Extract Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Form (Dry/Powder, Liquid/Paste), Type (Conventional, organic), Application (Dietary Supplements, Bakery Products, Beverages, Sports Nutrition, Convenience & Processed Products, Cosmetics & Personal Care, Dairy Products, Confectionery Products, Meat & Poultry Products, Granola & Breakfast Cereals), Distribution Channel (Direct and Indirect),
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Countries Covered
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China, Australia, Vietnam, Japan, India, New Zealand, Malaysia, South Korea, Singapore, Thailand, Indonesia, Philippines, Rest of Asia-Pacific
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Market Players Covered
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Kemin Industries, Inc. (U.S), Florida Food Products (U.S), Niagro - Nichirei do Brasil Ag. Ltda (Brazil), Naturex SA (France), Advanced Biotech (India), HANDARY S.A. (Belgium), Bösch Boden Spies (Germany), Optimally Organic (U.S), KINGHERBS (China), Vita Forte Inc. (U.S), The Green Labs LLC. (U.S), DuPONT (U.S), Foodchem International Corporation (China), Ti Tropicals (U.S), Duas Rodas Institucional (Brazil)
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Opportunities
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Acerola Extract Market Dynamics
Drivers
- Growing demand from the food and beverage industry due to its numerous benefits
Ascorbic acid is a water-soluble vitamin that is essential. Although most plants and animals can synthesise ascorbic acid but humans cannot. As a result, humans require it as a dietary supplement. Acerola is a good source of vitamin C. This property of acerola extract compels food and beverage manufacturers to include it in their products. Along with being a good source of ascorbic acid, acerola is one of the few fruits that contain a good amount of phenolic, flavonoids, anthocyanins, and carotenoids. All of these phytonutrients aid in the treatment of various diseases. For its high antioxidant capacity, acerola promotes the inactivation of free radicals, which are directly related to the ageing process and diseases such as cancer and cardiovascular disorders.
- Rising application from the cosmetic industry
Acerola extracts' widespread use in dietary supplements, beverages, and cosmetics for skin and hair care has accelerated their growth. Acerola has a standard vitamin composition of 17 percent, which is significantly higher than any other citrus fruit such as oranges and cherries. The demands for organic and natural-based vitamins, as well as the high demand for clean labelled products and consumer awareness, have fuelled market growth.
Opportunity
Government organisations have made aggressive efforts to regulate the production and use of environmentally friendly products, such as prohibiting the use of specific chemicals and establishing maximum consumption limits. The growing consumer concern about the health effects of synthetic colours drives the demand for clean label products. The rise in demand for natural ingredients, particularly those used to preserve meat products, can be viewed as an opportunity for acerola extract manufacturers to expand and grow.
Restraints
Adverse effects from excessive use of acerola-based vitamin C products, combined with high acerola-based merchandise costs, may impede business growth in the current forecast timeframe. Many factors influence multifunctional food industry trends, including regulatory structure, consumption patterns, and distribution network connections from farm to fork. This is expected to have an impact on the growth of the acerola extract market.
This acerola extract market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the acerola extract market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Acerola Extract Market
The COVID-19 has had an impact on economies and businesses such as the food and beverage industry in a number of countries due to detentions, travel restrictions, and company closures. The distribution network outage has indeed had an impact on acerola availability. The delay in the distribution network will affect the quality of acerola as well as the volume and cost of deliveries. As more people eat healthier foods, the demand for acerola extract has increased as a result of the outbreak. As a result, COVID had a significant impact on the acerola extract market.
Recent Development
- Duas Rodas Institucional was awarded the Innovation Award in February 2019, recognising the company for developing the most unique functional element in the Food Ingredients industry. The company manufactures various types of ingredients used in the food and beverage industry. As a result of receiving this award for innovation, the company's market standing has improved.
Asia-Pacific Acerola Extract Market Scope
The acerola extract market is segmented on the basis of application, form, type and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Conventional
- Organic
Application
- Dietary Supplements
- Bakery Products
- Beverages
- Sports Nutrition
- Convenience
- Processed Products
- Cosmetics
- Personal Care
- Dairy Products
- Confectionery Products
- Meat & Poultry Products
- Granola
- Breakfast Cereals
Form
- Dry/Powder
- Liquid/Paste
Distribution channel
- Direct
- Indirect
Acerola Extract Market Regional Analysis/Insights
The acerola extract market is analysed and market size insights and trends are provided by country, application, form, type and distribution channel as referenced above.
The countries covered in the acerola extract market report are China, Australia, Vietnam, Japan, India, New Zealand, Malaysia, South Korea, Singapore, Thailand, Indonesia, Philippines, Rest of Asia-Pacific.
The China market is leading the growth in the Asia-Pacific region due to the high consumption of acerola extract in beverages and dietary supplements due to the highest organic vitamin composition as compared to other citrus fruits and the high preference of flavours. China is the largest consumer of nutritional supplements, and Chinese companies have conducted extensive R&D and filed numerous patents related to Acerola powder, cherry, and concentrated, which has boosted the market growth of acerola.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Acerola Extract Market Share Analysis
The acerola extract market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to acerola extract market.
Some of the major players operating in the acerola extract market are:
- Kemin Industries, Inc. (U.S)
- Florida Food Products (U.S)
- Niagro - Nichirei do Brasil Ag. Ltd (Brazil)
- Naturex SA (France)
- Advanced Biotech (India)
- HANDARY S.A. (Belgium)
- Bösch Boden Spies (Germany)
- Optimally Organic (U.S)
- KINGHERBS (China)
- Vita Forte Inc. (U.S)
- The Green Labs LLC. (U.S)
- DuPONT (U.S)
- Foodchem International Corporation (China)
- iTi Tropicals (U.S)
- Duas Rodas Institucional (Brazil)
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