Global Apple Extract Market Report and Forecast 2024-2032

Apple extract comprises alpha hydroxylic acids that contain skin-protecting antioxidants to help the skin feel healthier. The main ingredient which helps minimise dark spots and enhance skin tone is vitamin C in apple extract. Thus, the rising demand for the product from the cosmetics industry is expected to aid the market growth.

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The Asia Pacific to Emerge as a Significant Market for Apple Extract

In the coming years, the apple extract industry is expected to witness a growing demand for apple extract from developing countries of the Asia Pacific. Due to the growing population, increasing prevalence of health problems, and the rising product awareness by the consumers, the Asia Pacific apple extract market is anticipated to witness a significant growth in the coming years. In addition, higher apple production in the region is expected to give the producers a competitive edge.

In the forecast period, North America and Europe are also expected to significantly contribute to the market growth due to the rising demand for low calorie functional drinks and dietary supplements. The higher living standards combined with the rising disposable incomes of the consumers are expected to propel the growth of the apple extract industry in the North Americas and European regions.

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Apple Extract: Market Segmentation

Apple extract contains a natural combination of chlorogenic acid, chloride, and polyphenols and is often derived from organically grown apples. It is completely water-soluble and also very stable. It has high volumes of vitamin E and vitamin C, which work as great immune boosters. It is also rich in antioxidants.

Based on type, the industry can be divided into:

• Red Apple
• Green Apple

The forms of the extract can be divided as follows:

• Seed
• Powder
• Liquid

 Apple extract finds wide applications in the following sectors:

• Functional Foods
• Functional Beverages
• Dietary Supplements
• Nutraceuticals
• Cosmetics and Personal care
• Others

 The major distribution channels in the industry can be segmented as follows:

• Business-to-Business (B2B)
• Business-to-Consumer (B2C)
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online Retail
  • Others

The regional markets for apple extract can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Consumption of Healthy and Value-Added Product to Bolster the Apple Extract Market Growth

Consumers are increasingly preferring nutritious and balanced food for mental and physical wellbeing and for strengthening their immunity systems. Thus, the change in customer behaviours, leading to the rising consumption of healthy products, is expected to stimulate the demand for apple extract. The apple extract industry is also expected to be supported by the rising disposable incomes and growing demand for organic and value-added beverages.

The apple extract industry is also expected to witness a rising demand from the cosmetics sector, bolstered by the rising trend of organic cosmetics ingredients. Apple extract is commonly used by consumers in skincare as it effectively provides treatment for different skin conditions. New formulations of apple extract are increasingly being used to make skincare products as it helps in treating skin disorders, such as acne, discolouration, dry hair, and oily skin, among others. Thus, the rising innovations of products containing the extract in the cosmetics industry are expected to support the market growth in the coming years. The market is also expected to be catalysed by the rising use of the product in the pharmaceutical industry as it contains anti-inflammatory agents like ursolic acid and quercetin.

Key Industry Players in the Global Apple Extract Market

The report gives a detailed analysis of the following key players in the global apple extract market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Kuber Impex Ltd.
• Ambe NS Agro Products Pvt. Ltd.
• Herbafood Ingredients GmbH
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report