Acerola Extract Market - By Form (Powder, Liquid), By Source (Natural, Synthetic), By End-use (Pharmaceuticals & Nutraceuticals, Food and Beverages, Cosmetics and Personal Care) & Forecast, 2023 – 2032

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.
 

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 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.
 

COVID-19 Impact

The pandemic led to decreased consumer spending in some industries, such as hospitality, foodservice, and personal care, which are key consumers of acerola extract. This decline in demand affected the market for acerola extract-based products in these sectors. Consumers' priorities shifted during the pandemic, with a greater focus on health and wellness.  Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the acerola extract industry expansion in the upcoming years.
 

Acerola Extract Market Trends

Acerola extract is known for its high vitamin C content, making it a popular natural source of vitamin C. As consumers prioritize natural and plant-based supplements, the demand for acerola extract as a natural vitamin C supplement has been increasing. The trend towards health and wellness has driven the demand for functional ingredients, including acerola extract. Consumers are seeking products that support immune health and overall well-being, and acerola extract's antioxidant properties make it an attractive choice.
 

Acerola Extract Market Analysis

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.
 

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. 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.
 

Acerola Extract Market Share

Some of the major players operating in the Acerola extract market 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
• Microingredients
• Hunan Huacheng Biotech, Inc.
• Brazil Flavors
• Kautilya Phytoextracts Pvt Ltd
• Nature's Power Nutraceuticals Corp.
• Biovite Australia Pty Ltd
• Arjuna Natural Pvt Ltd

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Acerola Extract Industry News:

• In February 2021, Nexira launched natural & organic acerola extract solution, which helps delay meat discoloration by stabilizing myoglobin and its color due to its antioxidant properties.
   

Acerola extract market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:

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By Form

• Powdered
• Liquid

By Source

• Natural
• Synthetic

By Application

• Pharmaceuticals & Nutraceuticals
• Food and Beverages
• Cosmetics and Personal Care
• Other

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt