The Latin America, Middle East and Africa Acerola Extract Market would witness market growth of 11.8% CAGR during the forecast period (2021-2027).
Manufacturers of acerola extract have benefited from the growing trend of clean-label food items as a result of rising health concerns. The most common use of acerola extract as an antioxidant is in meat products. On the flip side, the high availability of substitutes would act as an obstacle to the growth of the overall acerola extract market during the forecasting period.
Because the fruit is very easy to grow, the global players in the acerola extract market are able to keep manufacturing costs low. Because the tree plantation's roots are extremely shallow, it simply requires careful attention to wind conditions. Cuttings, planting, and other common procedures are used to propagate the tree.
The region is witnessing a low growth in the market because of the scarcity of acerola products and the high cost of importing. The ME&A region has fewer facilities and kinds of machinery to process acerola extract, but with a slow increase in knowledge and income, the acerola market in the region is expected to grow slowly. Brazil is the world's greatest producer, consumer, and exporter of acerola, with commercial cultivation spanning nearly the whole country. According to the Brazilian Ministry of Agriculture, Livestock, and Supply, there are approximately eighteen registered acerola varieties in the country. Wild varieties come in a wide range of traits that may be of interest to the fresh market and processing industries.
The Brazil market dominated the LAMEA Acerola Extract Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $433.4 Thousands by 2027. The Argentina market is anticipated to grow at a CAGR of 12.4% during (2021 - 2027). Additionally, The UAE market would exhibit a CAGR of 11.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Acerola Extract Market is Predict to reach $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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