The France acai berry market was valued at US$ 7.6 million in 2022, according to the France Acai Berry Market Report, by Form (Pulp and Dry), by End User (Food & Beverages, Pharmaceuticals, and Cosmetics & Personal Care), and by Distribution Channel (Business to Business and Business to Consumer (Hypermarket/Supermarket, Convenience Store, and Online Channel)), published by Coherent Market Insights.
The France acai berry market was valued at US$ 7.6 million in terms of revenue in 2022, and is estimated to exhibit a CAGR of 26.1% during the forecast period (2023 to 2030). Acai berry is a little reddish purple fruit that grows on acai palm trees in Amazon's tropical rainforests. Dietary fibers, carbs, proteins, vitamins, and minerals are all found in the acai fruit. The acai fruit promotes cardiovascular health, controls blood pressure, aids in weight loss, aids digestion, prevents cancer, and enhances energy.
Key Trends and Analysis of the France Acai Berry Market:
- One of the rising trends of the France acai berry market include an increased inclination towards organic acid berries. Traders and start-ups are focusing on distributing organic acai berries to customers directly from Brazil, as France is one of the leading consumers of berries in Europe. Increase in demand for organic and nutritional food supplements is a major factor for growth of the France Acai Berry market. Acai berries are used as an ingredient in food products, dietary supplements, cosmetics, and personal care products.
Market Opportunities
- The France acai berry market has a great opportunity due to the low barrier for new entrants. Acai berry was introduced to the French market in 2014. Therefore, there are very few market players operating in the acai berry sales and marketing industry in the country. This could be a major growth opportunity for other players to enter the France Acai Berry market.
Market Restraints
- A major factor restraining the France acai berry market is the narrow demand-supply gap in France. Due to the steady rise in demand for acai in both domestic and overseas markets, Brazil’s local producers are facing challenges in increasing its supplies. Acai berries grow in a specific rainforest environment near the Amazon basin which makes it more difficult to meet the rising demand. Furthermore, this led to a significant price hike of acai berry in the Brazilian market. These economic factors are expected to prove a challenge for distributors and players in this market, as the constant fluctuations in prices hamper the export of acai berries in other countries, including France. A wide variety of fruits, such as blueberries, cranberries, goji berries, seabuckthorn berry, and aronia berry, are being imported into Europe from different regions of the world. This provides customers with a variety of choices and therefore could hamper the growth of the France acai berry market in the near future.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/france-acai-berry-market-4894
Key Takeaways
- On the basis of form, the pulp segment dominated the France acai berry market in 2020, with around 94% of market share, in terms of revenue, followed by the dry segment. The growth is attributed to the increasing demand for natural and organic cosmetics and personal care products in France.
Key Players
The key players operating in the France acai berry market Nossa, Abacai, Vivamazon, and Pur Vitaé Wod Nutrition.
France Acai Berry Market - Impact of Coronavirus (COVID-19) Pandemic
The COVID-19 pandemic negatively impacted the France acai berry market. Acai berry is imported from northern parts of Brazil in the form of pulp and dry powder. In order to reduce the spread of COVID-19, the French authorities imposed severe isolation measures for many months in 2020. The government pushed several small businesses to shut down completely and implemented import and export restrictions. Moreover, due to the low competition in the acai berry market in France, customers have very few options to choose from. As a result, blueberries, cranberries, goji berries, seabuckthorn berries, and aronia berries became more popular as substitutes. Customers will have multiple substitutes, which may hamper the growth of the France acai berry market over the forecast period.
