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Acerola Extract Market Size

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

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Acerola Extract Market Size

Acerola Extract Market size was valued at around USD 17.5 million in 2022 and is expected record 8.2% CAGR between 2023 and 2032. Acerola extract is known for its high vitamin C content, which is a potent antioxidant and essential nutrient for the human body. As consumers become more health-conscious, the demand for natural vitamin C supplements and functional foods containing acerola extract has been growing.

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The nutraceutical and dietary supplement industries are witnessing significant growth, and acerola extract is used as a natural vitamin C supplement in various formulations. Acerola extract's high antioxidant capacity makes it valuable in various applications, including food preservation and anti-aging products.

Acerola Extract Market Report Attributes
Report Attribute	Details
Base Year:	2022
Acerola Extract Market Size in 2022:	USD 17.5 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	8.2%
2032 Value Projection:	USD 38.6 Million
Historical Data for:	2018 to 2022
No. of Pages:	120
Tables, Charts & Figures:	191
Segments covered:	Form, Source, End-use, Region
Growth Drivers:	Increasing consumer awareness on health benefits Growing food and beverage industry Expansion of the pharmaceutical and nutraceutical industry
Pitfalls & Challenges:	Seasonal availability Complex supply chain Competition from synthetic alternatives

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Acerola is a tropical fruit that is harvested seasonally, and its availability can fluctuate based on weather conditions and agricultural practices. Seasonal variations can lead to supply shortages and affect pricing and product availability. Acerola extract is often processed and sourced from tropical regions, which can involve complex supply chain logistics and transportation challenges. The market faces competition from synthetic vitamin C supplements and other synthetic antioxidants, which may be cheaper to produce. Thus, the risks associated with Acerola extract may drive down the acceptance rate, further hampering the business growth.

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.