The Acai Berry Market Is Predicted To Reach USD XX.XX Billion With A CAGR Of X.XX% According To Market Data Forecast Report.

The Acai Berry Market Is Predicted To Reach USD XX.XX Billion With A CAGR Of X.XX% According To Market Data Forecast Report.

ID: 6839 | October 2018 | Region: Global

The Acai Berry Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Acai Berry Market is estimated to be USD XX.XX billion in 2016 and predicted to rise to USD XX.XX billion by 2021 with a CAGR of X.XX%. The market is segmented by Applications (Food and Beverages, Pharmaceuticals, Dietary Supplements, Personal Care or Cosmetics and Other Applications), by Product Form (Pulp and Dried) and by Distribution Channel (Hypermarkets or Supermarkets, Convenience Stores, Pharmacies or Drugstores, Online and Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

The major drivers of the Acai Berry market are the multitude of health benefits provided by it. Although some are disputable like being a cancer cure, several have been proven to be effective such as weight loss, skin firmer and anti-aging. The increasing awareness among consumers is yet another reason for the market growth. As for the restraints, there aren’t any major ones. The only factor hampering the market growth could be argued to be the relatively high costs and the lack of awareness about it in developing and underdeveloped countries.

The leading category in the Acai Berry market is the applications in food industry. The nutraceuticals segment which consists of dietary supplements and pharmaceuticals together is expected to show the fastest growth rate in the forecast years due to the increased demand for products for better consumer welfare.

The Acai Berry Market is dominated by North America in 2016 with the region accounting for 36% of the overall market share. North America was followed next in line by Europe and Asia-Pacific. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. Another promising region for the market is Latin America, which is expected to show high growth rates in coming years.

High investment from top players and increasing R&D spending are likely to provide ample opportunities to the industry players across regions. Key market players include AcaiExotic, Acairoots, Nativo Acai, Sambazon, Vision America International, Amazon Forest Trading, Energy Foods International, Organique Acai USA, Tropical Acai and Zola.

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