Global Acerola Extract Market 2017-2021
About Acerola Extract
Acerola is commonly known as Barbados cherry or West Indian cherry. The acerola plant grows best in the tropical and subtropical environment. Acerola cherries are red or dark pink in color, and are rich in several nutrients like vitamin C, bioflavonoids, vitamin A, vitamin B, phosphorous, iron, and calcium. Acerola fruits and juice are used in several food products like ice creams, soft drinks, jellies, candies, yogurt, and several types of desserts. Acerola cherries are not only consumed as a fruit, but their extract is widely used in the powdered and liquid forms. Mostly, acerola extract is used as a source of vitamin C in dietary supplements. The demand for dietary supplements, especially vitamin C, is increasing, as it helps improve the human immune system. This factor is one of the major drivers for the demand for acerola extract in the global market.
Technavio’s analysts forecast the global acerola extract market to grow at a CAGR of 8.11% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global acerola extract market for 2017-2021. To calculate the market size, the report considers the revenue generated by various segments of the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Acerola Extract Market 2017-2021
Technavio recognizes the following companies as the key players in the global acerola extract market: 100 (POR CENTO) AMAZONIA EXPORTACAO E REPRESENTACAO, Blue Macaw Flora, iTi Tropicals, Niagro - Nichirei do Brasil, and The Green Labs
Other Prominent Vendors in the market are: Diana Group, Naturex, NP Nutra (Nature's Power Nutraceuticals Corp), NutriBotanica, Optimally Organic, Parchem fine & specialty chemicals, and Vita Forte
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rising use of acerola extract in cosmetic products. Several innovations in terms of composition and ingredients can be seen in the cosmetics industry. Presently, vendors are focusing on natural and organic ingredients for their products. Superfoods like acai, pomegranate, and acerola are in high demand in the cosmetic industry. The extract from these fruits in pulp or powdered form is used to enhance the quality and add value to cosmetic products.”
According to the report, one of the major drivers for this market is Rise in demand for natural ingredients. With the increased focus on health and safety, people are becoming more concerned about the ingredients and composition of the food and beverages that they consume. This factor, coupled with the side effects caused due to the consumption of artificial additives, has helped propel the use of natural ingredients in the food processing and manufacturing industries as replacements of artificial ingredients.
Further, the report states that one of the major factors hindering the growth of this market is Premium price of acerola extract. Acerola extract is obtained from acerola cherries, which are native to South and Central America. The high vitamin C content of acerola cherries is the major reason for the usage of acerola extract in different industries. Even though synthetic forms of vitamin C, like ascorbic acid, have been used since long in the food and beverage industry, the demand for and utilization of natural products like acerola extract has increased in recent times. However, the high price of acerola extract compared to its synthetic counterparts hinders the global market's growth.
100 (POR CENTO) AMAZONIA EXPORTACAO E REPRESENTACAO, Blue Macaw Flora, iTi Tropicals, Niagro - Nichirei do Brasil, and The Green Labs, Diana Group, Naturex, NP Nutra (Nature's Power Nutraceuticals Corp), NutriBotanica, Optimally Organic, Parchem fine & specialty chemicals, and Vita Forte