The acerola extract market growth propelled by the increasing organic cosmetic trend and demand for berry-based products worldwide
Natural Personal Care Enriched With Exotic Berry Extracts:
A Significant Cosmetic Trend Harvesting Huge Hike In Acerola Extract Market Demand:
The acerola extract market is expanding its global business footprint constantly owing to the major changes adopted by the cosmetic industry in recent times. The unusual yet demand hiking approach of the cosmetic manufacturing companies with the growing application of acerola berry extracts such as barbados cherry, west Indian cherry, acerola pulver, and also cranberry extract have gained huge prominence. The cosmetic industry’s novel trend of incorporating exotic berry has recently been adopted by several companies in producing organic cosmetics such as moisturizers, face packs, restorative creams, and many more. Apart from that, acerola cherry is a natural source of Vitamin C thereby being a natural antioxidant which is used in manufacturing a wide range of anti-ageing cosmetic products. Currently, renowned cosmetic companies such as BioExtract and Naturex are expanding their natural skincare solutions by formulating acerola-based cosmetics. Significantly, the application of acerola extract in the cosmetic industries is anticipated to increase at a CAGR of 5.3% during the forecast period of 2019-2025. Hence, this exotic berry trend presents an innovative opportunity for the cosmetic industry thereby upheaving the acerola extract market demand. Concurrently, induced by newer innovations and organic cosmetic demand the global acerola extract market size stood at $1.7 billion as of 2018. Furthermore, the acerola extract market size is projected to grow at a 6.8% CAGR through to 2025.
APAC’s Cosmetic Race Disrupting The Global Acerola Extract Market Demand:
The Asia Pacific is a leading region in the global acerola extract market and contributed a major regional share of 32.5% in 2018. This is chiefly maneuvered by the huge base of cosmetic companies established in this region owing to which APAC trades in a large portion of the total acerola produced in the world. A well-built domestic cosmetic market in APAC with countries like Korea, Japan, and China leveraging huge customer demand through online and offline business is consequently boosting the acerola extract market. Furthermore, China imported beauty and personal care products worth $9,909,374 in 2018. This highlights that a major portion of the revenue incurred by the domestic acerola extract market owing to its huge demand generated by the cosmetic companies. Additionally, regional companies such as Korea Cosmetics and Cosme Station are manufacturing and distributing various acerola cosmetics in this region which also influences the niche market growth.
Key Companies Developing Novel Acerola Products:
The acerola extract market share is increased by the considerable contributions proffered by the major players. These leading companies include Aloe Farms, Inc., Aloeceuticas, Aloecorp, Inc., Aloe Laboratories, Inc., Lily of the Desert Organic Terry Laboratories, Inc., Pharmacem Laboratories, Inc., Natural Aloe Costa Rica S.A., Foodchem International, Corporation, and others.
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