The Europe Acerola Extract Market would witness market growth of 6.5% CAGR during the forecast period (2021-2027).
Acerola extract market items are currently utilized in the production of pulps, juices, infant food, and Vitamin C concentrate, among other things. The therapeutic characteristics of acerola extract market products are also valued in herbal medicine for the treatment of allergic rhinitis.
Some of the growth catalysts for the market are rising demand for acerola extract as a medical ingredient in the treatment of diabetes, obesity, and heart problems. Additionally, Vitamin C is in great demand due to its widespread use in the production of medications for skin-related illnesses. Skin illnesses are among the most frequent of all human health ailments, according to the World Health Organization (WHO), and affect almost 900 million people worldwide at any given time.
Currently, different countries of the regional market are witnessing increased consumption of functional foods and beverages. In addition, more people becoming aware of the health advantages of acerola cherries. People who are health-conscious and athletes have begun consuming acerola extract as a significant source of vitamin C since it boosts the immune system and gives the body more energy.
Germany is a prominent country in the regional market due to the use of acerola extracts in bakery items and drinks, with baked goods and beverages accounting for the majority of the products introduced using acerola extracts. For example, Bösch Boden Spies, a Germany-based company, expanded its acerola extract product offering in February 2019 by adding 25% more natural vitamin C than previously available acerola products.
The Germany market dominated the Europe Acerola Extract Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,616.2 Thousands by 2027. The UK market is poised to grow at a CAGR of 5.7% during (2021 - 2027). Additionally, The France market would display a CAGR of 7.3% during (2021 - 2027).
Based on Form, the market is segmented into Dry and Liquid. Based on Nature, the market is segmented into Conventional and Organic. Based on Application, the market is segmented into Meat Products, Bakery & Confectioneries, Dairy & Frozen Desserts, Beverages, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Acerola Extract Market Size will Hit $24.3 Million by 2027, at a CAGR of 7.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Döhler Gmbh, Koninklijke DSM N.V., Handary S.A., Kemin Industries, Inc., Foodchem International Corporation, Nexira, Inc., Amway Corporation, The Green Labs LLC, Givaudan S.A., and Symrise AG.
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