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 the benefits associated with the consumption of acerola extract is driving the demand for acerola extract.

Asia Pacific’s growth is attributed to the increasing awareness of healthy dietary habits among consumers. The key factors driving growth in the Asia Pacific region include health benefits provided by acerola extract, demand for natural products, cost affordability, and the growing startups in market. China and India are the two major countries in region, which have high consumption of meat and bakery products, respectively.  The rising meat and bakery industry is expected to drive the demand for acerola extract as an antioxidant.

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Market Drivers: Health benefits provided by acerola extract and its increasing application in the food & beverage industry

One crucial vitamin that is soluble in water is ascorbic acid. Humans are not able to produce ascorbic acid, although most other plants and animals can. Because of this, people need it as a necessary dietary supplement. Vitamin C is abundant in acerola, a natural food source. Because of this property, acerola extract is required to be used in food and beverage items by producers. Acerola is one of the few fruits that has a fair amount of numerous phytonutrients, including phenolics, flavonoids, anthocyanins, and carotenoids, in addition to being a rich source of ascorbic acid. Each of these phytonutrients fights off a variety of illnesses. Because of its strong antioxidant capacity, acerola helps to improve the inactivation of free radicals, which are directly linked to diseases like cancer and cardiovascular ailments as well as the aging process.

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.

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Main market contributors profiled:

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)