Acerola Extract Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET OVERVIEW
Acerola is a tropical fruit-bearing small tree or a shrub that belongs to the family of Malpighiaceae. The fruit is native to the tropical regions of the Western Hemisphere and is rich in Vitamin C as well as includes Vitamin B1, Vitamin A, B3, and B2. The demand for acerola has increased as a functional food or nutraceutical since the extracts are known for potent health-promoting and biological activities.
MARKET SCOPE
The “Global Acerola Extract Market Analysis to 2028” is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the acerola extract market with detailed market segmentation by category, application, and geography. The report provides key statistics on the market status of the leading acerola extract market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on category, the global acerola extract market is segmented into category and application.
- Based on application, the market is segmented into food and beverage, pharmaceutical and dietary supplements, and personal care.
MARKET DYNAMICS
Drivers-
- The increase in demand for natural food ingredients among the food manufacturers will drive the growth of the acerola extract market.
- The shift in the consumer’s preference towards a healthy lifestyle as well as an increase in consumer awareness about health-conscious products is going to increase the demand for acerola extract.
- Acerola fruit extract is a potent source of antioxidants and hydrating polysaccharides which protects the fibroblasts in skin from suffering oxidative damage. Thus, the benefits of acerola extract on human skincare will drive the growth of the market.
Restraints-
- The functional food market is influenced by regulatory framework, consumer demand as well as farm to fork supply chain linkages which may restrict the growth of the market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The acerola extract market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the acerola extract market in these regions.
IMPACT OF COVID-19 ON ACEROLA EXTRACT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries such as the food and beverages industry in various countries due to lockdowns, travel bans, and business shutdowns. The supply of acerola has been affected due to the disruption in the supply chain. The delay in the supply chain will affect the quality of acerola as well as will reduce the weight and value of shipments. Whereas the demand for acerola extract has increase in the pandemic as more and more consumers are consuming healthy food products which is due to the pandemic. Thus, COVID had a significant impact on the acerola extract market.
KEY
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The acerola extract market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the acerola extract market in these regions.
IMPACT OF COVID-19 ON ACEROLA EXTRACT MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries such as the food and beverages industry in various countries due to lockdowns, travel bans, and business shutdowns. The supply of acerola has been affected due to the disruption in the supply chain. The delay in the supply chain will affect the quality of acerola as well as will reduce the weight and value of shipments. Whereas the demand for acerola extract has increase in the pandemic as more and more consumers are consuming healthy food products which is due to the pandemic. Thus, COVID had a significant impact on the acerola extract market.
KEY MARKET PLAYERS
The report covers key developments in the acerola extract market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from acerola extract market are anticipated to lucrative growth opportunities in the future with the rising demand for acerola extract in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the acerola extract market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Foodchem International Corporation
- Herbal Creative
- Kemin Industries, Inc
- Martin Bauer GmbH & Co. KG
- Naturex
- Niagro – Nichirei do Brasil Agrícola Ltda
- NutriBotanica Institutional
- PLANTEX
- The Green Labs LLC
- Vital Herbs
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Acerola Extract Market - By Category
1.3.2 Acerola Extract Market - By Application
1.3.3 Acerola Extract Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ACEROLA EXTRACT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ACEROLA EXTRACT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ACEROLA EXTRACT MARKET - GLOBAL MARKET ANALYSIS
6.1. ACEROLA EXTRACT - GLOBAL MARKET OVERVIEW
6.2. ACEROLA EXTRACT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ACEROLA EXTRACT MARKET - REVENUE AND FORECASTS TO 2028 – CATEGORY
7.1. OVERVIEW
7.2. CATEGORY MARKET FORECASTS AND ANALYSIS
7.3. ORGANIC
7.3.1. Overview
7.3.2. Organic Market Forecast and Analysis
7.4. CONVENTIONAL
7.4.1. Overview
7.4.2. Conventional Market Forecast and Analysis
8. ACEROLA EXTRACT MARKET - REVENUE AND FORECASTS TO 2028 – APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FOOD AND BEVERAGE
8.3.1. Overview
8.3.2. Food and Beverage Market Forecast and Analysis
8.3.3. Bakery and Confectionary Market
8.3.3.1. Overview
8.3.3.2. Bakery and Confectionary Market Forecast and Analysis
8.3.4. Dairy and Frozen Desserts Market
8.3.4.1. Overview
8.3.4.2. Dairy and Frozen Desserts Market Forecast and Analysis
8.3.5. Beverages Market
8.3.5.1. Overview
8.3.5.2. Beverages Market Forecast and Analysis
8.3.6. Others Market
8.3.6.1. Overview
8.3.6.2. Others Market Forecast and Analysis
8.4. PHARMACEUTICALS AND DIETARY SUPPLEMENTS
8.4.1. Overview
8.4.2. Pharmaceuticals and Dietary Supplements Market Forecast and Analysis
8.5. PERSONAL CARE
8.5.1. Overview
8.5.2. Personal Care Market Forecast and Analysis
9. ACEROLA EXTRACT MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Acerola Extract Market Overview
9.1.2 North America Acerola Extract Market Forecasts and Analysis
9.1.3 North America Acerola Extract Market Forecasts and Analysis - By Category
9.1.4 North America Acerola Extract Market Forecasts and Analysis - By Application
9.1.5 North America Acerola Extract Market Forecasts and Analysis - By Countries
9.1.5.1 United States Acerola Extract Market
9.1.5.1.1 United States Acerola Extract Market by Category
9.1.5.1.2 United States Acerola Extract Market by Application
9.1.5.2 Canada Acerola Extract Market
9.1.5.2.1 Canada Acerola Extract Market by Category
9.1.5.2.2 Canada Acerola Extract Market by Application
9.1.5.3 Mexico Acerola Extract Market
9.1.5.3.1 Mexico Acerola Extract Market by Category
9.1.5.3.2 Mexico Acerola Extract Market by Application
9.2. EUROPE
9.2.1 Europe Acerola Extract Market Overview
9.2.2 Europe Acerola Extract Market Forecasts and Analysis
9.2.3 Europe Acerola Extract Market Forecasts and Analysis - By Category
9.2.4 Europe Acerola Extract Market Forecasts and Analysis - By Application
9.2.5 Europe Acerola Extract Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Acerola Extract Market
9.2.5.1.1 Germany Acerola Extract Market by Category
9.2.5.1.2 Germany Acerola Extract Market by Application
9.2.5.2 France Acerola Extract Market
9.2.5.2.1 France Acerola Extract Market by Category
9.2.5.2.2 France Acerola Extract Market by Application
9.2.5.3 Italy Acerola Extract Market
9.2.5.3.1 Italy Acerola Extract Market by Category
9.2.5.3.2 Italy Acerola Extract Market by Application
9.2.5.4 United Kingdom Acerola Extract Market
9.2.5.4.1 United Kingdom Acerola Extract Market by Category
9.2.5.4.2 United Kingdom Acerola Extract Market by Application
9.2.5.5 Russia Acerola Extract Market
9.2.5.5.1 Russia Acerola Extract Market by Category
9.2.5.5.2 Russia Acerola Extract Market by Application
9.2.5.6 Rest of Europe Acerola Extract Market
9.2.5.6.1 Rest of Europe Acerola Extract Market by Category
9.2.5.6.2 Rest of Europe Acerola Extract Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Acerola Extract Market Overview
9.3.2 Asia-Pacific Acerola Extract Market Forecasts and Analysis
9.3.3 Asia-Pacific Acerola Extract Market Forecasts and Analysis - By Category
9.3.4 Asia-Pacific Acerola Extract Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Acerola Extract Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Acerola Extract Market
9.3.5.1.1 Australia Acerola Extract Market by Category
9.3.5.1.2 Australia Acerola Extract Market by Application
9.3.5.2 China Acerola Extract Market
9.3.5.2.1 China Acerola Extract Market by Category
9.3.5.2.2 China Acerola Extract Market by Application
9.3.5.3 India Acerola Extract Market
9.3.5.3.1 India Acerola Extract Market by Category
9.3.5.3.2 India Acerola Extract Market by Application
9.3.5.4 Japan Acerola Extract Market
9.3.5.4.1 Japan Acerola Extract Market by Category
9.3.5.4.2 Japan Acerola Extract Market by Application
9.3.5.5 South Korea Acerola Extract Market
9.3.5.5.1 South Korea Acerola Extract Market by Category
9.3.5.5.2 South Korea Acerola Extract Market by Application
9.3.5.6 Rest of Asia-Pacific Acerola Extract Market
9.3.5.6.1 Rest of Asia-Pacific Acerola Extract Market by Category
9.3.5.6.2 Rest of Asia-Pacific Acerola Extract Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Acerola Extract Market Overview
9.4.2 Middle East and Africa Acerola Extract Market Forecasts and Analysis
9.4.3 Middle East and Africa Acerola Extract Market Forecasts and Analysis - By Category
9.4.4 Middle East and Africa Acerola Extract Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Acerola Extract Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Acerola Extract Market
9.4.5.1.1 South Africa Acerola Extract Market by Category
9.4.5.1.2 South Africa Acerola Extract Market by Application
9.4.5.2 Saudi Arabia Acerola Extract Market
9.4.5.2.1 Saudi Arabia Acerola Extract Market by Category
9.4.5.2.2 Saudi Arabia Acerola Extract Market by Application
9.4.5.3 U.A.E Acerola Extract Market
9.4.5.3.1 U.A.E Acerola Extract Market by Category
9.4.5.3.2 U.A.E Acerola Extract Market by Application
9.4.5.4 Rest of Middle East and Africa Acerola Extract Market
9.4.5.4.1 Rest of Middle East and Africa Acerola Extract Market by Category
9.4.5.4.2 Rest of Middle East and Africa Acerola Extract Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Acerola Extract Market Overview
9.5.2 South and Central America Acerola Extract Market Forecasts and Analysis
9.5.3 South and Central America Acerola Extract Market Forecasts and Analysis - By Category
9.5.4 South and Central America Acerola Extract Market Forecasts and Analysis - By Application
9.5.5 South and Central America Acerola Extract Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Acerola Extract Market
9.5.5.1.1 Brazil Acerola Extract Market by Category
9.5.5.1.2 Brazil Acerola Extract Market by Application
9.5.5.2 Argentina Acerola Extract Market
9.5.5.2.1 Argentina Acerola Extract Market by Category
9.5.5.2.2 Argentina Acerola Extract Market by Application
9.5.5.3 Rest of South and Central America Acerola Extract Market
9.5.5.3.1 Rest of South and Central America Acerola Extract Market by Category
9.5.5.3.2 Rest of South and Central America Acerola Extract Market by Application
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL ACEROLA EXTRACT MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. ACEROLA EXTRACT MARKET, KEY COMPANY PROFILES
12.1. FOODCHEM INTERNATIONAL CORPORATION
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. HERBAL CREATIVE
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. KEMIN INDUSTRIES, INC
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. MARTIN BAUER GMBH AND CO. KG
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. NATUREX
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. NIAGRO – NICHIREI DO BRASIL AGRíCOLA LTDA
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. NUTRIBOTANICA INSTITUTIONAL
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. PLANTEX
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. THE GREEN LABS LLC
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. VITAL HERBS
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1.DuPont
2.The Green Labs LLC
3.Kemin Industries, Inc.
4.Vital Herbs
5.Naturex
6.Vita Forte Inc.
7.Martin Bauer Group
8.Foodchem International Corporation
9.Herbal Creative
10.PLANTEX
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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