The acerola extract market is expected to witness substantial growth between 2024 and 2030 due to increasing demand for natural ingredients in the food, cosmetics, and pharmaceutical industries. Acerola, known for its rich vitamin C content and antioxidant properties, has gained popularity as a natural supplement, driving the market's expansion.
Market Size and Share
“The Acerola Extract Market value was US$ 18.5 million in 2023 and is likely to grow at a decent CAGR of 7.5% in the long run to reach US$ 30.6 million in 2030.”
The Asia Pacific region, particularly India and China, is expected to dominate the market due to strong manufacturing bases for functional foods and dietary supplements, alongside rising consumer awareness of acerola extract's health benefits.
Key Trends
- Increased Demand for Natural Products: Consumers are shifting towards natural ingredients, creating a surge in demand for acerola extract in the food and beverage industry, particularly in functional foods and dietary supplements.
- Cosmetic Industry Adoption: Acerola extract is becoming increasingly popular in skincare and cosmetics due to its antioxidant properties, helping fight signs of aging.
- Focus on Sustainability: Companies are focusing on sustainable sourcing and eco-friendly production methods, in response to consumer demand for ethically produced products.
Competitive Landscape
Key players in the acerola extract market include DSM, Nutralliance, The Green Labs LLC, and Naturex. These companies are focusing on strategic partnerships, product innovations, and expanding their distribution networks to gain a competitive edge.
Growth Opportunities
The acerola extract market is expected to see growth opportunities in the cosmetic and nutraceutical sectors. The shift towards clean labels and the incorporation of acerola extract in new product formulations will further propel market growth.
