Northbrook, IL -- (SBWire) -- 02/17/2022 --The report "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 - Global Forecast to 2026" According to MarketsandMarkets, 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 growing awareness among consumers regarding benefits associated with consumption of acerola extract is driving the demand for acerola extract.
Download PDF Brochure
The confectioneries segment is projected to grow at a CAGR of 7.0% in the acerola extract market
The acerola extract is used in confectionery as an antioxidant nutrient, which enhances the shelf-life of the products. It induces a tangy flavor in candies and other confectionery products. The acerola extract also plays an important role in increasing the nutritional value of products. The increasing disposable income has led to the rise in the consumption of confectioneries globally. The growth of the confectioneries industry is expected to drive the demand for acerola extract as well.
The liquid segment accounts for the second-largest market share in the acerola extract market
Based on form, liquid segment is the second-largest segment in the overall acerola extract market. The liquid acerola extract includes concentrates, blends, and juices, the demand for which is lesser compared to the dry form. According to industry experts, the share of the liquid form in the acerola extract market is smaller since the dry form offers a higher degree of convenience and storage, which is lacking in the liquid form.
The conventional segment is projected to account for the largest market share in the acerola extract market during the forecast period
By nature, the acerola extract market is segmented into conventional and organic. Conventional acerola farming includes synthetic chemical fertilizers, pesticides, herbicides, and other continual inputs. Hence, conventional acerola agriculture is typically highly resource-demanding and energy-intensive, increasing the total cost of production. However, conventional farming has high productivity as compared to organic farming. This factor fosters the growth of the conventional segment.
The North America region is the largest region in the acerola extract market in the forecast period
North America is the largest region in the global acerola extract market in the forecast period. The presence of major acerola extract manufacturers such as Kemin Industries, Inc. (US) and The Green Labs LLC further drives the market in the region.
Make an Inquiry
This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as DSM (Netherlands), Kemin Industries, Inc. (US), Dohler GmbH (Germany), The Green Labs LLC (US), Diana Food S.A.S. (France), Naturex S.A. (France), NutriBotanica (Brazil), Handary SA (Belgium), Foodchem International Corporation (China), and Nichirei do Brasil Agrícola Ltda. (Brazil).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Acerola Extract Market Worth $24 Million by 2026
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 - Global Forecast to 2026