Rising Utilization of Acai Berries in Food and Nutraceutical Sectors | Future Market Insights, Inc.
Acai Berry Market Poised to Reach US$ 4.27 Billion by 2034 with an Impressive 8.5% CAGR, Driven by the rising demand for organic and plant-based ingredients. The United States acai berry industry is anticipated to register a moderate CAGR of 6.2% through 2034.
NEWARK, Del, Feb. 08, 2024 (GLOBE NEWSWIRE) -- The acai berry market is expected to reach a value of *US$ 1.89 billion in 2024* and *US$ 4.27 billion by 2034*. The market is projected to expand at a *CAGR of* *8.5% through 2034*. The industry is growing due to health consciousness, product diversification, global foods trends, e Commerce accessibility, and effective marketing strategies.The demand for acai berries is anticipated to blossom over the next decade due to consumers' growing knowledge of the possible health advantages of the fruit. Acai berries' strong antioxidant content and increasing public knowledge of their health benefits have led to a boom in the market for pharmaceutical and nutritional supplements. The use of acai in various cosmetics items, including face wash, moisturizers, lip balms, and others, contributes to the market's diversification.
Furthermore, acai berries are being utilized by the food sector to create healthy snacks and sweets, which is anticipated to increase the demand for acai berries soon. The production and consumption of acai berries have significantly increased due to this trend, propelling the market’s expansion.
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Due to the several health advantages of acai berries and the rising popularity of various food and beverage items, the market is expected to develop steadily in the forthcoming decade.
*“The market for acai berries is anticipated to expand gradually due to the growing awareness of the health benefits associated with them. The use of acai berries in various food and beverage items is becoming popular among health-conscious customers. This leads to increased demand for acai-based supplements, juices, smoothies, and health-conscious snacks and sweets,”* -says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)
*Key Takeaways from the Acai Berry Market *
· The United States acai berry industry is projected to experience a CAGR of 6.2% through 2034.
· The demand for acai berries in Germany is expected to rise at a CAGR of 6.8% through 2034.
· The Chinese acai berry market is anticipated to witness a CAGR of 9.5% through 2034.
· The United Kingdom’s market for acai berries showcases a CAGR of 5.9% through 2034.
· The Indian acai berry market is expected to grow at a CAGR of 10.3% through 2034.*Competitive Landscape of the Acai Berry Market*
Acai berry extracts are added to supplements by nutraceutical businesses, which expands and diversifies the market. Global market access, quality standards, and sustainable practices are advocated by market participants such as wholesalers and farmers.
Consumer education and awareness efforts on acai berries' health advantages help boost the acceptability of by-products and the market demand. The market players use various tactics, such as innovative product launches, imaginative marketing campaigns, and smart partnerships, to bolster their branding. Success in this context mostly depends on the caliber of the products and the companies’ ability to engage and resonate with the target audience effectively.
Firms that can negotiate and follow new regulations are expected to have a competitive advantage. The regulatory framework is more than just a barrier; it influences the competitiveness of the acai berry industry.
*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
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*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*Obtain the Complete Report Methodology!* https://www.futuremarketinsights.com/request-report-methodology/rep-gb-1207
*Authored by:*
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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