Dublin, March 01, 2022 (GLOBE NEWSWIRE) -- The "Global Acerola Extract Market by Application (Meat Products, Bakery Products, Confectioneries, Dairy & Frozen Desserts, and Beverages), Form (Dry and Liquid), Nature (Conventional and Organic), Functionality and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global acerola extract market size is estimated to be valued at USD 16 Million in 2021. It is projected to reach USD 24 Million by 2026, recording a CAGR of 7.6%, in terms of value.
The market is primarily driven by factors such as increasing health consciousness among consumers and a rise in the consumption of natural food products. North America region accounted for the market share in the acerola extract market owing to the rising investments and consumers' demand for clean label products in the region. However, one of the restraining factors is the side effects associated with the excessive consumption of acerola-based vitamin C.
By application, the bakery products segment is projected to account for the second-largest market share in the market during the forecast period
Based on application, the bakery products segment is projected to account for the second-largest market share in the market during the forecast period. The acerola extract is used in cakes, pastries, and other sweet bakery products as a natural alternative to ascorbic acid, with acerola as a dough improver. The acerola extract in bakery products also leads to a significant increase in the shelf-life of these products.
By form, the dry segment is estimated to account for the largest share
The dry segment of the acerola extract is dominating the market. The dry form of the acerola extract is preferred by food & beverage manufacturers because of the numerous benefits offered. The acerola extract available in the dry form is easy to handle and store compared to the liquid form, thus it is easy to transport.
The Asia Pacific region is projected to grow at the highest CAGR during the forecast period
Asia Pacific region is projected to be the fastest-growing market for the period considered for this study. Asia Pacific's growth can be attributed to the increasing awareness of healthy dietary habits among consumers and the rising demand for clean label products, which are environmentally sustainable. An increasing number of startups, such as Hangzhou Muhua Bio-Tech Co., Ltd (China), Herbo Nutra (India), Herbal Creative (India), and Vital Herbs (India), are established in the region. These startups offer different forms of acerola extracts in both conventional and organic nature.
The acerola extract market is segmented region-wise, with a detailed analysis of each region. These regions include North America, Europe, Asia Pacific, South America, and RoW (Middle East and Africa).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Acerola Extract Market
4.2 Acerola Extract Market, by Type
4.3 Acerola Extract Market, by Form
4.4 North America: Acerola Extract Market, by Application and Country
4.5 Acerola Extract Market, by Application
4.6 Acerola Extract Market, by Application and Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Health Benefits Provided by Acerola Extract and Its Increasing Applications in the Food & Beverage Industry
5.2.1.2 Rising Demand for Food & Beverage Products with an Extended Shelf Life
5.2.1.3 Rising Demand for Natural Antioxidants in the Meat & Poultry Industry
5.2.2 Restraints
5.2.2.1 Easy Availability of Substitutes
5.2.2.2 Side Effects Associated with the Excessive Consumption of Acerola-Based Vitamin C
5.2.3 Opportunities
5.2.3.1 Growing Trend of Clean-Label Products Across the Global Food & Beverage Industry
5.2.4 Challenges
5.2.4.1 Stringent Government Regulations are One of the Major Challenges of the Market
5.2.5 COVID-19 Impact Analysis: (Market Dynamics)
6 Industry Trends
6.1 Introduction
6.2 Value Chain
6.2.1 Research & Development
6.2.2 Raw Material Sourcing
6.2.3 Production and Processing
6.2.4 Packaging
6.2.5 Marketing & Distribution
6.2.6 End-Use Industry
6.3 Supply Chain Analysis
6.4 Pricing Analysis: The Acerola Extract Market
6.5 Market Map and Ecosystem Acerola Extract Market
6.5.1 Demand Side
6.5.2 Supply Side
6.6 Trends/Disruptions Impacting the Customer's Business
6.7 Patent Analysis
6.8 Porter's Five Forces Analysis
6.8.1 Degree of Competition
6.8.2 Bargaining Power of Suppliers
6.8.3 Bargaining Power of Buyers
6.8.4 Threat of Substitutes
6.8.5 Threat of New Entrants
6.9 Case Studies
6.9.1 Increasing Fresh Meat Stability
7 Regulations
7.1 North America
7.1.1 United States
7.1.1.1 Natural Antioxidants
7.1.2 Canada
7.2 Europe
7.3 Asia-Pacific
7.3.1 Australia
7.3.2 Japan
8 Acerola Extract Market, by Application
8.1 Introduction
8.1.1 COVID-19 Impact on the Acerola Extract Market, by Application
8.1.1.1 Optimistic Scenario
8.1.1.2 Realistic Scenario
8.1.1.3 Pessimistic Scenario
8.2 Meat Products
8.2.1 Use of the Acerola Extract as an Natural Antioxidant and Natural Cure Accelerator to Foster the Growth of Meat Products
8.2.1.1 Fresh Meat
8.2.1.2 Processed Meat
8.3 Bakery Products
8.3.1 Use of the Acerola Extract as a Dough Enhancer Encourages Bakery Manufacturers to Incorporate It in the Production of Bakery Products
8.3.1.1 Bread
8.3.1.2 Sweet Bakery
8.4 Confectioneries
8.4.1 Dual-Purpose Use of the Acerola Extract as an Antioxidant and Nutritional Component to Drive Its Demand in Confectioneries
8.5 Dairy & Frozen Desserts
8.5.1 Benefits of Antioxidants in Dairy Products to Drive the Demand for Acerola Extract
8.6 Beverages
8.6.1 Acerola Extract is Used as a Taste and Shel-Life Enhancer in Beverages Driving Its Demand
8.7 Other Applications
8.7.1 Increasing Demand for Natural Food Products to Drive the Segment in the Acerola Extract Market
9 Acerola Extract Market, by Form
9.1 Introduction
9.1.1 COVID-19 Impact on the Acerola Extract Market, by Form
9.1.1.1 Optimistic Scenario
9.1.1.2 Realistic Scenario
9.1.1.3 Pessimistic Scenario
9.2 Dry
9.2.1 Dry Form of Acerola Extracts is Preferred Because of Its Ease to Store and Handle
9.3 Liquid
9.3.1 Demand for the Liquid Acerola Extract to be Limited in the Future, as They Do Not Provide Convenience to Manufacturers
10 Acerola Extract Market, by Nature
10.1 Introduction
10.1.1 COVID-19 Impact on the Acerola Extract Market, by Nature
10.1.1.1 Optimistic Scenario
10.1.1.2 Realistic Scenario
10.1.1.3 Pessimistic Scenario
10.2 Conventional
10.2.1 Increased Acerola Produce by Conventional Farming to Drive the Growth of the Conventional Segment in the Acerola Extract Market
10.3 Organic
10.3.1 Increasing Demand for Clean-Label Products to Boost the Organic Segment in the Acerola Extract Market
11 Acerola Extract Market, by Functionality
11.1 Introduction
11.2 Antioxidant
11.2.1 Increasing Demand for Natural Antioxidants to Boost the Segment Growth
11.3 Fortification
11.3.1 Increasing Health Awareness to Drive the Growth of the Segment in the Acerola Extract Market
12 Acerola Extract Market, by Region
13 Competitive Landscape
13.1 Overview
13.2 Market Share Analysis, 2020
13.3 COVID-19- Specific Company Response
13.4 Company Evaluation Quadrant (Key Players)
13.4.1 Stars
13.4.2 Pervasive Players
13.4.3 Emerging Leaders
13.4.4 Participants
13.4.5 Product Footprint (Key Players)
13.5 Acerola Extract Market, Start-Up/Sme Evaluation Quadrant, 2020
13.5.1 Progressive Companies
13.5.2 Starting Blocks
13.5.3 Responsive Companies
13.5.4 Dynamic Companies
13.5.5 Product Footprint (Start-Up/Smes)
13.6 Competitive Scenario
13.6.1 New Product Launches
14 Company Profiles
14.1 Dsm
14.2 Kemin Industries, Inc.
14.3 Dohler GmbH
14.4 The Green Labs
14.5 Diana Food S.A.S.
14.6 Naturex S.A.
14.7 Nutribotanica
14.8 Handary Sa
14.9 Foodchem International Corporation
14.10 Nichirei Do Brasil Agricola Ltda.
14.11 Nexira
14.12 Caif
14.13 Nutra Green Biotechnology Co., Ltd.
14.14 Vidya Herbs Pvt Ltd
14.15 Br Ingredients
14.16 Blue Macaw Flora
14.17 Hangzhou Muhua Bio-Tech Co., Ltd
14.18 Herbo Nutra
14.19 Herbal Creative
14.20 Vital Herbs
15 Adjacent and Related Markets
16 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/hqwfd9
Attachment
