Food and Beverages application segment to hit nearly US$ 2 Bn revenue by 2026
Food and Beverage is poised to remain the largest segment of the global acai berry market by Application. From a market value of more than half a billion dollars in the year 2016, it should hit nearly US$ 2 Bn in revenue at the end of the forecast period, with a CAGR of 13% in terms of value. In terms of volume, the Food and Beverage segment was a little more than 238,000 tonnes in 2016, and this is predicted to rise to slightly over 800,000 tonnes by the year 2026, representing a CAGR of 12.9% in terms of volume. The CAGR of the Food and Beverage segment in the global acai berry market is higher than all the other segments when seen on the basis of application.
Food and Beverages segment has the lion’s share of the global acai berry market
The revenue share of the food and beverage application segment was more than 75% of the global acai berry market in 2016, and this is expected to increase to almost 80% at the end of the study period. A massive rise of 231 BPS can be attributed exclusively to the Food and Beverage segment and this growth is predicted to come at the expense of all other segments in the global acai berry market. The market share of the Food and Beverage segment is predicted to rise significantly over the forecast period because of booming demand in the super fruit juice industry as a result of changing preferences in favour of healthy drinks. Y-o-Y growth rates ranging from 11% to 9.9% over 2016–2026 can be safely assumed in the Food and Beverage segment, making it record the highest growth in the global acai berry market. An absolute dollar opportunity of more than US$ 1.8 Bn exists in the Food and Beverage segment of the global acai berry market.
Nutraceuticals application segment to emerge a pale second in the global acai berry market
The Nutraceuticals application segment accounted for just over 10% of the global acai berry market in the year 2016 and this segment is anticipated to lose a massive 124 basis points over the course of the decadal study. However, the Nutraceuticals segment is predicted to witness Y-o-Y growth rates ranging from 9.4% to 8.4% over the period 2016-2026 making it the second highest segment by application after the Food and Beverage segment in the global acai berry market. In 2016, the Nutraceuticals segment was worth more than US$ 75 Mn and this is forecast to grow to almost US$ 225 Mn by the end of 2026, registering a CAGR of 11.3% in terms of value. With respect to volume, the Nutraceuticals segment registered close to 34,000 tonnes in 2016 and this is anticipated to rise to more than 95,000 tonnes towards the close of the decade, registering a CAGR of 11.2% in terms of volume. An absolute dollar opportunity of more than US$ 135 Mn can be exploited in the Nutraceuticals application segment of the global acai berry market for the 10 year period between 2016 and 2026.
Health conscious customers drive demand in the Nutraceuticals segment
Rising awareness and a noticeable shift towards healthier alternatives are responsible for the surge in demand for acai berry nutraceuticals. Nutraceuticals are available in powder form, capsule form or tablets that can be consumed directly. These capsules or tablets are rich in ORAC value and contain high antioxidants that lead to various health benefits. This rise in demand for acai berry nutraceuticals is boosting the consumption and revenue share of the Nutraceuticals application segment in the global acai berry market.
One of the most renowned super-fruit varieties has to be the Acai Berry. In the Future Market Insights report ‘Acai Berry Market: Global Industry Analysis and Opportunity Assessment, 2016–2026’, we have studied the global acai berry market on the basis of critically important factors, and provided an analysis of the acai berry market across the various assessed regions. We have also put forth our assessment of the opportunities available in the global acai berry market for the forecast period 2016-2026.
To become truly successful in the global acai berry market, you must be aware of the market dynamics. Future Market Insights has studied the drivers, restraints, opportunities and trends that await industry players in the global acai berry market. In addition to this, we have conducted a PESTLE analysis along with Porter’s Five Force analysis to enable our readers to comprehensively understand the global acai berry market. We have then touched upon the market policies and regulatory requirements in the global acai berry market. The regulatory requirements laid down by key global bodies such as the U.S. FDA and European Food Standard Agency, along with individual country duty rates, sales tax rates, or any specific country import restrictions for important markets across geographical regions have been mentioned in the global acai berry market report.
The global acai berry market report market introduction section includes both the definition as well as the taxonomy of the global acai berry market. The taxonomy is as under:
By Product Form
The report begins with an executive summary that gives a brief but comprehensive overview of the global acai berry market. We have given important statistics such as Brix, pH level, shelf life, and acidity in the introduction of the global acai berry market report. We have also mentioned which segments of the market By Application and By Region are anticipated to be the largest in the global acai berry market by the end of the forecast period.
In another section of the global acai berry market report, we have spoken at length about the pricing analysis in terms of the pricing assumptions as well as the projections that can be made per region. The acai berry market in Japan is widely anticipated to have the lowest price trends, especially when compared to other more lucrative, highly populous, and fast-growing regions. The price can be different owing to a number of reasons such as import trends, environmental factors, demand for powdered acai berry and also raw material production requirements. We then move to the market size and forecast of the global acai berry market. The total market size, Y-o-Y growth and absolute dollar opportunity of the global acai berry market have been highlighted. The most important section of the report provides an analysis and forecast of the global acai berry market on the basis of Product Form, Application and Region. We have conducted our study on the basis of key metrics such as Basis Points Share (BPS) along with Y-o-Y growth projections. Some of the prominent trends along with the market attractiveness has been focussed upon. This will be quite useful for all relevant stakeholders in the global acai berry market.
Towards the end of the report, we have profiled some of the largest companies that are actively involved in the global acai berry market. We have mentioned the strategies they have adopted to compete in the global acai berry market along with major market developments. Key financial metrics of some publicly listed companies have been provided, along with important takeaways. Several assumptions have been made and many acronyms have been used throughout the global acai berry market report. These have been properly explained in a separate section so that our readers can fully understand all the nuances of the global acai berry market.
Future Market Insights has deployed a unique, one-of-a-kind research methodology while studying the global acai berry market. This includes extensive primary and secondary research with key stakeholders in the global acai berry market such as manufacturers, distributors, retailers along with industry experts. The data thus obtained is validated using the triangulation method wherein primary data, secondary data and our expert analysis is combined to create the final data. This final data is then thoroughly scrutinised using advanced tools and this helps us provide useful qualitative as well as quantitative insights into the global acai berry market.