The ‘Global Quillaia Extracts Market Size, Share, Trends, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global quillaia extracts market, assessing the market on the basis of its segments like types, forms, active compounds, functions, end uses, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 5%
The increasing applications of quillaia extract as an emulsifier in food items and beverage products is escalating the demand for the product. In addition, quillaia extract is also used as a cholesterol reducing agent and flavour enhancer. In this regard, the increasing inclination towards healthy food alternatives owing to the changing lifestyles of the consumers is likely to bolster the quillaia extracts market growth. The rising demand for quillaia extract as a foaming agent in the manufacturing of alcoholic beverages such as beer is further propelling the market growth.
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Meanwhile, quillaia extract also possesses medicinal properties which is escalating the penetration of the product in the pharmaceutical industry. Quillaia extract is used to treat coughs, skin sores, and bronchitis, among others. Over the forecast period, the increasing geriatric population and heightened prevalence of chronic diseases associated with it are anticipated to boost the production of medicines derived from quillaia extract.
In terms of regions, Europe accounts for a considerable share in the quillaia extracts market. Countries like Germany and France have a high demand for alcoholic beverages which is propelling the demand for quillaia extract as a foaming agent. In addition, the flourishing food industry in the region owing to the increasing footfall of tourists and rising residential population is further bolstering the market.
Quillaia Extracts Industry Definition and Major Segments
Quillaia extract, also known as quiallay bark extract, is defined as the extract which is obtained from the quillaia plant. This plant is native to South America and China. The chemical composition of quillaia extract incudes polyphenol, tannin, sugar, and calcium oxalate, among others. Pharmaceuticals and food and beverage are two of the major end-users of the product.
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Based on type, the market can be segmented into:
- Type 1
- Type 2
The quillaia extracts market can be broadly categorised based on form into:
By active compounds, the market has been classified as follows:
- Calcium Oxalate
On the basis of function, the market has been divided into:
- Emulsifying Agent
- Foaming Agent
The significant end use of the product include:
- Food and Beverage
- Personal Care
On the basis of region, the market can be categorised into:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
Quillaia Extracts Market Trends
The key trends in the quillaia extracts market include the rising sale of cosmetic and beauty products which is increasing the penetration of quillaia extract in personal care sector. In addition to this, the invigorated e-commerce industry is further bolstering the access to downstream cosmetic products with quillaia extract. The rising disposable income, rapid urbanisation, and increasing hygienic awareness among the population are anticipated to propel the sale of quillaia extract-based cosmetic products in the coming years.
Besides, online food and grocery delivery platforms are also accelerating the demand for clean labelled food products including frozen desserts, gelatins, and candies, among others which contain quillaia extract as one of the crucial ingredients.
Over the forecast period, the anticipated increase in demand for bioactive surfactants from the residential and household sector is likely to be a major bolstering trend of the quillaia extracts market. Moreover, the increasing incorporation of quillaia extract in fire extinguishers is likely to be another major market driving trend owing to heightened deployment of fire extinguishers in healthcare and commercial units.
Furthermore, the increasing awareness about the effectiveness of quillaia extract in the treatment of dandruff is leading to an increasing addition of quillaia extract in shampoo and anti-dandruff treatments.
Key Market Players
The major players in the quillaia extracts market report are:
- Garuda International Inc.
- Naturex S.A.
- Ingredion Incorporated
- Desert King International
- Baja Yucca Company
- Quillaja Green Biosolutions
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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