The Acai Berry Global Market Report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the Acai Berry Market.
Acai Berry Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size
The acai berry market size has grown strongly in recent years. It will grow from $1.74 billion in 2023 to $1.91 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to a rise in popularity as a natural energy booster, increasing use in sports nutrition, significant growth in the online retail channel, rise in demand for organic and sustainable food products, and significant growth in the acai bowls and smoothies.
The acai berry market size is expected to see rapid growth in the next few years. It will grow to $2.8 billion in 2028 at a compound annual growth rate (CAGR) of 10%. The growth in the forecast period can be attributed to rising demand for natural and healthy food items, increasing prevalence of lifestyle diseases, increasing demand for cosmetics, increasing health-conscious consumers, and rising interest in health and wellness products. Major trends in the forecast period include technological advancements, superfoods, functional food, plant-based diets, and acai-based snack bars.
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Scope Of Acai Berry Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Acai Berry Market Overview
Market Drivers
The rising interest in health and wellness products is expected to propel the growth of the acai berry market going forward. Health and wellness products refer to items designed to improve physical, mental, and emotional well-being, including supplements, fitness equipment, skincare, and natural remedies. Health and wellness product use is rising due to increasing awareness of the benefits of proactive health management and a growing desire for preventive measures and improved quality of life. Acai berries enhance health and wellness products by providing antioxidants, fiber, and healthy fats that support energy, digestion, heart health, and skin vitality. For instance, in July 2022, according to reports published by the International Food Information Council (IFIC), a US-based non-profit organization, 52% of participants in the Food and Health Survey followed a specific diet in 2022, up from 39% in 2021, with clean eating (16%), mindful eating (14%), and calorie counting (13%) as the top preferences. Therefore, the rising interest in health and wellness products drives the acai berry market.
Market Trends
Major companies operating in the acai berry market are developing innovative products, such as acai sorbet, to provide nutritional benefits of acai berries, including antioxidants, vitamins, and minerals. Acai sorbet is a frozen dessert made from acai berries, blended with sweeteners and other flavorings, offering a refreshing and fruity treat with the natural health benefits of acai. For instance, in December 2023, Oakberry Acai, a US-based restaurant chain, launched Oakberry Tubs, an at-home acai sorbet. The new sorbets-in-a-tub, crafted from Brazilian acai berries, boast a smooth and creamy texture akin to store-bought acai products and feature a naturally vibrant purple color without artificial flavors or colors. These dairy-free sorbets are ideal for vegans and those with lactose intolerance. They can be customized with fresh seasonal fruit or topped with the brand’s in-house vegan granola and peanut butter for added flavor and texture.
The acai berry market covered in this report is segmented:
- By Product: Pulp, Dried
- By Distribution Channel: Hypermarket, Supermarket, Online Stores, Convenience Stores
- By Application: Food And Beverages, Pharmaceuticals, Dietary Supplements, Personal Care Or Cosmetics, Other Applications
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Regional Insights
North America was the largest region in the acai berry market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the acai berry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies
Major companies operating in the acai berry market are NOW Health Group Inc., Jamba Juice Inc., Sambazon Inc., Sunfood Superfoods, Terrasoul Superfoods, Navitas Organics LLC, Frooty Comercio e Industria de Alimentos SA, Ivia Beaute Pvt. Ltd., Parker Naturals LLC, Nossa Fruits SAS, Energy Foods International LLC, Acai Berry Foods, Acai Roots Inc., AcaiExotic, Amazon Power, Kuber Impex Ltd., Moksha Lifestyle, Organique Acai, SB Organics, The Berry Company Limited, Tropical Acai LLC, Nativo Açai.
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