Acerola Extract Market : Business Opportunities and Global Industry Analysis

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 demand for acerola extract is increasing steadily due to increasing awareness about benefits associated with acerola consumption.

Drivers

• Health benefits provided by acerola extract and its increasing applications in the food & beverage industry
• Rising demand for food & beverage products with an extended shelf life
• Rising demand for natural antioxidants in the meat & poultry industry

Restraints

• Easy availability of substitutes
• Side effects associated with the excessive consumption of acerola-based vitamin C

Opportunities

• Growing trend of clean-label products across the global food & beverage industry

Challenges

• Stringent government regulations are one of the major challenges of the market

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Key players in this market include 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), Nichirei do Brasil Agrícola Ltda. (Brazil), Nexira (France), CAIF (US), Nutra Green Biotechnology CO., LTD. (China), Vidya Herbs Pvt Ltd (India), BR Ingredients (Brazil), Blue Macaw Flora (Brazil), Hangzhou Muhua BioTech Co., Ltd (China), Herbo Nutra (India), Herbal Creative (India), and Vital Herbs (India).

The key players are fixated upon improving their market shares, while their newer start-ups are being established rapidly in the market. The acerola extract market can be classified as a competitive market as it has the presence of a large number of organized players, accounting for a major part of the market share, present at the global level, as well as unorganized players present at the local level in several countries. There are numerous existing and emerging companies, particularly in the Asian markets.

DSM, also known as Royal DSM, is primarily engaged in producing food ingredients, and health & nutritional products. The company has four business segments-nutrition, materials, innovation centers, and corporate activities. It caters to different end-use application industries, such as food, feed, nutraceutical, infant nutrition, personal care, and pharmaceuticals. The company offers various types of plant-based ingredients for the food & beverage industry. The food & beverage category is further classified into three sub-categories, including food specialties, human nutrition & health, and calories-free sweeteners. The acerola extract is offered by the company under the food specialty segment. DSM is identified as a star player in the acerola extract market.

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Kemin Industries is a privately held global company that provides ingredients for animal health & nutrition, aquaculture, biofuels, crop technology, food technologies, human nutrition & health, pet food & rendering technologies, and textile auxiliaries. The company offers its products through two major segments-the animal segment (animal nutrition & health and pet food technologies) and the human segment (food technologies and personal care). Under the food technology segment, the company offers products for different applications such as shelf-life extension, microbial protection, and yield enhancement solutions for various foods. The food technology segment is further classified into three sub-segments, namely, bakery & snacks, fats & oils, and meat & poultry. Under meat & poultry segment, the company offers acerola extract. Kemin Industries provides food ingredients in more than 120 countries with production plants in Belgium, Brazil, China, India, Italy, Russia, Singapore, South Africa, and the US. It has been identified as a progressive company in the acerola extract market.

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