Dublin, April 17, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Acerola Extract Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2013 to 2023" report to their offering.
The global acerola extract was valued at US$ 7.4 Bn in 2015, and is expected to each US$ 13.5 Bn by 2023, expanding at a CAGR of 7.9% from 2016 to 2023.
In 2015, North America dominated the market in terms of revenue share contribution, followed by Europe and Asia Pacific. North America accounted for around 35% of the overall acerola extract market. Commercialization of acerola extract in the country coupled with growing adoption of acerola extract among consumers regarding health benefits associated with consumption of acerola extract is anticipated to fuel the market growth during the forecast period. Asia Pacific is further expected to record highest CAGR during the forecast period. Also, acerola Extract market in Western Europe is expected to record significant growth during the forecast period.
Increasing demand for natural culinary and medicinal ingredients in food and beverage products among consumers is leading towards adoption of acerola extract across the globe. Exploration and commercialization of acerola extract is thus, gaining traction among food and beverage manufacturers.
Acerola extract market growth is majorly due to increasing demand for vitamin and health supplements among consumers, which is further attributed to growing number of patients with issues such as diabetes, obesity, hypertension and others. Other factors fuelling the acerola extract market growth include demand for multiple functionality products, growing inclination of consumers towards convenience food products coupled with demand for products containing vitamin C, development of food and beverage product formulations having better stability and preservation along with high antioxidant properties in beverages and convenience food products, and increasing demand for natural ingredient food and beverage products among consumers across the globe. However, side-effects due to excessive acerola consumption and high prices of acerola extract-based products are restricting the acerola extract market growth.
Key Topics Covered:
1. Preface
2. Executive Summary
2.1. Global Acerola Extract Market Snapshot
2.1.1. Global Acerola Extract Market by Form,2015
2.1.2. Global Acerola Extract Market by Application,2015
2.1.3. Global Acerola Extract Market by Geography,2015
3. Global Acerola Extract Market Dynamics
3.1. Market Overview
3.2. Value Chain Analysis
3.3. Drivers
3.4. Challenges
3.5. Future Prospects
3.6. Impact Analysis of Drivers and Challenges During the Forecast Period, (2016-2023)
3.7. Porter's Five Force Analysis
4. Global Acerola Extract Market Size (US$), By Form, 2013 - 2023
4.1. Overview
4.1.1. Market Share Analysis by Form, 2015 vs. 2023
4.1.2. Attractive Investment Proportion by Form
4.2. Powder
4.3. Liquid
5. Global Acerola Extract Market Size (US$), By Application, 2013 - 2023
5.1. Overview
5.1.1. Market Share Analysis by Application, 2015 vs 2023
5.1.2. Attractive Investment Proportion by Application
5.2. Food Supplements
5.3. Beverages
5.4. Confectionery
5.5. Snacks
5.6. Meat
5.7. Bakery
5.8. Others
6. Global Acerola Extract Market Size (US$), By Geography, 2013 - 2023
7. Competitive Landscape
- The Green Labs LLC
- Blue Macaw Flora
- Amazonia Exportacao E Representacao
- Nutrilite (Amway)
- Niagro
- Naturex
- Nichirei Corporation, Inc.
- Nature's Power Nutraceuticals Corp.
- Florida Food, Inc.
- Duas Rodas Industrial
- Diana Naturals
- NutriBotanica
- Vita Forte
- Optimally Organic
For more information about this report visit http://www.researchandmarkets.com/research/vxp7q2/global_acerola