The acai berry market is estimated to be worth US$ 1.89 billion in 2024. By 2034, the demand for acai berries is anticipated to reach a value of US$ 4.27 billion. The market is expected to increase at a CAGR of 8.5% through 2034.
The acai berry, a reddish-purple fruit produced by the acai palm tree, is mostly found in Central and South America. It’s a tasty blackberry rich in phytonutrients such as anthocyanin, an antioxidant, and vitamins C and E. According to studies, acai has considerably more antioxidants than popular fruits such as blueberries, oranges, and even red wine.
Because of its strength, this fruit is commonly known as the “Amazon Viagra.” Acai contains fibre, vitamins B1, B2, B3, vitamin E, vitamin C, calcium, potassium, protein, and omega-6 and omega-9 fatty acids. It also has a lot of fibre. It contains fibre, in addition to the antioxidants mentioned above. As a result, acai berry market demand may rise.
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Acai Berry Market: Drivers & Restraints
Consumers are shifting their tastes towards nutritious fruits, vegetables, and beverages as the occurrence of health issues rises. As a result, the market for acai berries is expanding rapidly. Consumers are becoming more aware of the numerous advantages of acai berries and are gravitating towards acai berry-based goods. Acai berry fruits have significant antioxidant capabilities that improve overall health and aid in weight loss.
Another key driver for the acai berry market is the expansion of the organic cosmetic business, which is also contributing to the increase in demand for acai berries.
However, there are many threats to the acai berry market in the form of conventional allopathic medicines and chemical-based cosmetics. The growth of the nutraceutical industry might prove detrimental to the acai berry market.
Acai Berry Market: Segmentation
The acai berry market can be segmented on the basis of application. This can be further segmented into Functional Food and Beverages, Pharmaceuticals, Dietary Supplements, Personal Care/ Cosmetics and Others. The market can also be segmented on the basis of form of availability, viz; pulp, juice and powder.
Acai Berry Market: Region Wise Outlook
Geographically, the acai berrymarket is segmented into seven regions which are; North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East and Africa (MEA) and Japan. Among all the countries, Brazil and America are leading in terms of volume in the global acai market followed by Asia Pacific, and North America & it is expected that in the near future, Asia Pacific is going to lead this market.
Acai Berry Market: Key Players
Some of the key players across the value chain dominating this market are The Berry Company Llc, Phyto Nutraceutical Inc., Jinan Felicity Biotechnology Co., Ltd, and Pharma Nutra USA. These companies are developing market strategies such as mergers and acquisitions, Joint Venture, New product development and Expansion to increase their market share in Global Functional Beverages Market.
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Key Companies in the Acai Berry Market
- Sambazon, Inc
- Acai Roots, inc.
- Acai Frooty
- Nativo Acai
- Acai Exotic LLC
- Jamba Juice Inc
- Sunfood
- Phyto Nutraceutical’s
- Naked Juice Company
- The Coca-Cola Company
Key Segments
By Form:
- Pulp
- Dried
By Application:
- Food and Beverage
- Nutraceuticals
- Cosmetics and Personal Care
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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