An Incisive, In-depth Analysis on the Acerola Extract Market
This study offers a comprehensive, 360 degree analysis on the Acerola Extract market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Acerola Extract market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Acerola fruit is a bright red cherry-like fruit, largely found in parts of Central America, South America, California, Florida, and Texas. Acerola fruit is rich in Vitamin C and is used as a natural health supplement. The extract from acerola fruit is widely available in powdered and liquid form in the market. Acerola fruit extracts are used across a variety of applications such as food supplements, beverages, confectionary products, snacks, bakery preservation, meat preservation, and in sauces, soups, and yogurt in order to enhance the nutritional profile of food products.
Market value and forecast
In terms of value, the global acerola extract market is anticipated to register a CAGR of 8.5% during the forecast period (2016–2026). The global acerola extract market is expected to be valued at US$ 17.5 Bn by 2026 end.
Rising global demand for natural and fresh fruit derivatives likely to boost market growth over the forecast period
A rising demand for Vitamin C and an increased consumer focus on healthy, natural, and fruit-based products is expected to fuel the global acerola extract market over the forecast period. Increasing demand for convenience food & beverage products is also likely to boost market growth. Acerola extract is gaining high preference in the food & beverages industry owing to the fact that it contains high content of Vitamin C which is better absorbed by humans than synthetic ascorbic acid. It is also used as an ingredient while manufacturing convenience food & beverages owing to its ability to act as a preservative. It further provides antioxidants and enhances food flavours. The high health benefits of acerola extract coupled with rising consumer disregard for synthetic vitamin supplements is expected to escalate the demand for acerola extract in the near future. However, high prices of acerola based products and side effects as a result of excessive consumption of acerola products are likely to restrict revenue growth of the global acerola extract market.
Some of the trends governing the global acerola extract market include an increasing use of acerola in several kinds of beverage blends, sports nutrition products, and antioxidant-rich confectionery and superfruit mixes.
By Product Form
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Powder product form segment estimated to hold dominant market share in the global acerola extract market
The Powder form segment is estimated to account for 65.1% value share by the end of 2016. This segment is expected to register the highest CAGR during the forecast period. Increasing demand for powdered form of acerola extract can be attributed to its high usage in health and vitamin supplements and owing to its consumer and industrial applications such as vitamin and antioxidant supplements in the food industry.
Food Supplements and Beverages application segments anticipated to hold dominant market shares in the global acerola extract market over the forecast period
The Food Supplements segment is estimated to account for 27% market value share in 2016. This is owing to the fact that acerola is one of the largest natural sources of Vitamin C, making it an attractive ingredient for manufacture of food supplements. The Beverages segment is estimated to account for 22% market value share in the year 2016. Rising demand for healthy beverages is expected to drive market growth of the Beverages segment over the forecast period.
North America projected to account for a major value share of the global market over the forecast period
North America is estimated to account for the highest value share of 24% of the global acerola extract market in 2016. Among all the regions, the APEJ acerola extract market is estimated to register the highest CAGR of 9.7% during the forecast period. Western Europe is anticipated to register the second highest CAGR of 8.7% in terms of value over the forecast period.
Top companies operating in the global acerola extract market
The Green Labs LLC, Blue Macaw Flora, Amazonia Exportacao E Representacao, Nutrilite (Amway), Niagro, Naturex, Nichirei Corporation, Inc., Nature's Power Nutraceuticals Corp., Florida Food, Inc., iTi Tropicals, Duas Rodas Industrial, Diana Naturals, NutriBotanica, Vita Forte, and Optimally Organic are some of the leading companies operating in the global acerola extract market. These companies are adopting strategies such as manufacturing of high quality products at affordable prices and creating new lines of value-added functional ingredients to cement their foothold in the global acerola extract market.
Future Market Insights offers a 10-year forecast for the global acerola extract market between 2016 and 2026. Our main objective is to offer insights on the advancements in the global acerola extract market. Our study demonstrates key market dynamics that are expected to influence the current environment and future status of the global acerola extract market over the forecast period. The report offers updates on trends, drivers, restraints, value forecasts, and opportunities for manufacturers operating in the global acerola extract market.
The global acerola extract market report begins with an introduction and analyses the market share of the global acerola extract market by each of the product forms including powdered form and liquid form. The market dynamics section provides analysis of the drivers, restraints, and key trends influencing the global acerola extract market. A section of the report highlights the region wise demand for acerola extract. The report provides a market outlook for 2016–2026 and sets the forecast within the context of the acerola extract ecosystem, including strategic developments, latest regulations, and new product offerings in the global acerola extract market. This study discusses key regional trends contributing to the growth of the global acerola extract market and analyses the degree to which drivers are influencing the market in each region.
In the final section of the report, we have included a competitive landscape to provide report audiences with a dashboard view of leading players operating in the global acerola extract market. Key categories of providers covered in the report are acerola extract suppliers, manufacturers, and a list of major retailers. Detailed profiles of providers are also included in the scope of the report to evaluate their long- and short-term strategies, key offerings, and recent developments in the global acerola extract market. A section of the report discusses how the overall competition in the market is steadily increasing and analyses the various factors shaping internal as well as external competition in the market. Overall internal competition in the global acerola extract market is observed to be comparatively high owing to a large number of major providers of acerola extract and an increasing number of small domestic players in the market. The global acerola extract industry is facing external competition from producers and distributors of raw materials and other food processors, who are adopting forward and backward integration strategies and are developing their own facilities to produce acerola extract. Various barriers to entry in the industry are analysed and rated on the basis of their impact on the competition level in the market.
We have leveraged extensive secondary research to ascertain overall market size and top industry players. When developing the market forecast, we have started by sizing the current market, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Data gathered through secondary research and after detailed discussions with key stakeholders in the global acerola extract market is validated through the triangulation method and further scrutinised using advanced tools to obtain pertinent qualitative and quantitative insights. Given the ever-fluctuating nature of the global economy, we have not only conducted the forecasts in terms of CAGR, but have also analysed the market on the basis of key parameters such as Year-on-Year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the global acerola extract market.
Further, the different market segments have been analysed in terms of Basis Point Share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important for the identification of various key trends governing the global acerola extract market. Another key feature of our report is the analysis of the global acerola extract market revenue forecast in terms of absolute dollar opportunity, critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global acerola extract market. Further, to understand key segments in terms of growth and performance in the global acerola extract market, Future Market Insights has developed a market attractiveness index to help providers identify existing market opportunities across the global acerola extract market.