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Acerola Extract Market Analysis

Report ID: GMI6420
Published Date: Aug 2023
Report Format: PDF

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Acerola Extract Market Analysis

Acerola Extract Market Size, By Form, 2021 - 2032 (USD Million)

Based on form, the acerola extract market is segmented as powder and liquid. Powder held a majority market value of USD 9.8 million in 2022. Powdered acerola extract is a popular form for dietary supplements due to its high vitamin C content and ease of formulation into capsules, tablets, and powders. Powdered acerola extract can be incorporated into bakery and confectionery products to add natural vitamin C and antioxidant benefits. Moreover, an increasing usage will further accelerate the segmental growth.

Acerola Extract Market Revenue Share, By Source, (2022)

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Based on application, the acerola extract market is segmented as natural and synthetic. Natural held a dominant market share of around 60% in 2022 and is expected to grow at a lucrative pace through 2032. Fresh acerola fruit is a rich source of natural vitamin C, and its extract is valued for its high vitamin C content, making it popular in the nutraceutical and dietary supplement industries. The natural antioxidant properties of fresh acerola fruit contribute to its demand in various functional food and beverage applications.

Based on application, the acerola extract market is segmented as pharmaceuticals & nutraceuticals, food and beverages, cosmetics& personal care and other. Pharmaceuticals & Nutraceuticals held a dominant market share in 2022 and is anticipated to grow at 6.2% CAGR up to 2032. Acerola extract is used as an ingredient in pharmaceutical formulations and nutraceutical syrups for its natural vitamin C content and health benefits. Thus, the high-quality services and growing usage of Acerola extract at food centres are anticipated to expedite the business growth.

U.S. Acerola Extract Market Size, 2021- 2032 (USD Million)

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U.S. dominated the North American region with majority acerola extract market share and a revenue of USD 4.2 million in 2022 and is anticipated to expand at a significant pace from 2023-2032. The growing awareness of health and wellness among consumers in North America has driven the demand for natural and functional ingredients. Acerola extract, rich in natural vitamin C and antioxidants, is sought after for its potential immune-boosting and health-enhancing properties.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for acerola extract was worth USD 17.5 million in 2022 and is projected to reach USD 38.6 million by 2032 driven by the growing number of health-conscious consumers and higher demand for functional foods worldwide.

Powder acerola extract industry recorded USD 9.8 million in 2022 and is expected to witness high demand through 2032 owing to benefits, such as high vitamin C content and ease of formulation into capsules, tablets, and powders.

U.S. market for acerola extract generated USD 4.2 million in revenue in 2022 and is anticipated to record significant growth through 2032 owing to the growing awareness of health and wellness among consumers in the region.

Some of the top companies in the acerola extract industry are Naturex S.A., NutraGreen Biotechnology Co., Ltd., Xi'an Lyphar Biotech Co., Ltd., Martin Bauer Group, Nexira, Duas Rodas Industrial, Herbal Bio Solutions, The Green Labs LLC, and Microingredients.