According to a new report, published by KBV research, The Global Acerola Extract Market size is expected to reach $24.3 million by 2027, rising at a market growth of 7.3% CAGR during the forecast period.
The Dry market dominated the Global Acerola Extract Market by Form in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $17.8 million by 2027, growing at a CAGR of 6.4% during the forecast period. Powdered extracts are the most common form of dry extract. Because the dry form of the acerola extract has low moisture content, it degrades at a slower rate. As a result, these powders can be preserved for a longer period of time than liquids. It is highly sought by manufacturers due to these qualities.
The Organic market is expected to witness a CAGR of 8.9% during (2021 - 2027). This is because key players in the acerola extract market also assist farmers in growing acerola organically by giving necessary information and assisting them in obtaining certification for their products.
The Bakery & Confectioneries market has high growth rate of 7.5% during (2021 - 2027). This is because bakery and confectionery products use acerola as a clean label addition. In addition, it can be mixed with flour, fats, or proteins to improve the shelf life of doughs and creams. Hence, these factors are likely to boost the growth of the segment in the upcoming years.
The North America market dominated the Global Acerola Extract Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $8.7 million by 2027, growing at a CAGR of 5.9 % during the forecast period. The Europe market is expected to witness a CAGR of 6.5% during (2021 - 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 9.2% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/acerola-extract-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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