Quillaia Extract Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.88 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Quillaia Extract Market Analysis
The global quillaia extract market is forecasted to witness a CAGR of 6.88% during the forecast period (2022 - 2027).
COVID-19 has a moderate positive impact on the market studied due to increased awareness of preventative health. This inclination toward natural and natural-origin ingredients has propelled the demand for quillaia extract.
Consumers are taking a more proactive approach to boost their nutritional intake in today's society, which means nutritional, functional, and flavored waters now have real consumer appeal. The natural trend continues to be an essential purchase driver, with drinks bearing natural claims increasingly perceived as 'purer,' 'better for you,' and 'healthier,' which is expected to drive the global quillaia extract market.
The quillaia is extracted by a natural process allowing it to be a naturally-derived liquid and powder emulsifier; its primary use is in a range of clear beverages, including popular functional and flavored waters. This naturally derived emulsifier satisfies consumer demand for high-quality, low-cost drinks while providing beverage manufacturers with a highly stable cost-effective alternative.
Quillaia Extract Market Trends
This section covers the major market trends shaping the Quillaia Extract Market according to our research experts:
Role of Specialty Food Ingredients in Processed Food Industry
Quillaia has a wide range of industrial applications. The interest in these compounds has increased significantly in recent years as they can be used as foaming agents in beverages and emulsifiers in foods. Moreover, their applications in cholesterol-reduction and flavor enhancement, along with the rising preference for better-for-you foods, have brought specialty ingredients to center stage. This is increasing the application of quillaia extracts, as they are being increasingly customized to cater to wider functionalities and broader applications in the processed food industry. The industry for quillaia extracts essentially thrives on the broader technological and functional benefits of these ingredients in terms of high quality, safety, affordability, nutrition, and deliciousness of processed food products. Processed food products include various categories, particularly alcohol and non-alcoholic beverages. Specialty food ingredients are a vital part of a wide range of processed foods, thereby contributing to competitiveness in the food & beverage industry.
North America is the Largest Market
North America is the largest market, mainly owing to the preference for certain food products, which have become core to some consumers' identities. There is a strong correlation between the specialty food ingredient market and the processed food market, with the former conferring functional benefits and customized value addition per end-user applications. American consumers are more aware of label claims, ingredient lists, and products' nutrition profiles. On the other hand, consumers are participating proactively to enhance health and fitness in everyday life. This trend has been driving the demand for specialty food ingredients, including Quillaia extracts.
Products delivering distinct organoleptic traits and cleaner ingredients witnessed wider reach and greater availability. Categories, such as plant-based, vegetarian, gluten-free, non-GMO, and convenient foods, also penetrated significantly in the country. The thrust toward new product development in the food and beverage and pharmaceutical industries prompted the extensive utilization of specialty ingredients, including Quillaia extracts, which offer health, nutritional, and technological functions.
Quillaia Extract Industry Overview
The global quillaia extract market is competitive with many global and regional players such as Givaudan SA, Garuda International, Inc., and Baja Yucca Company. Moreover, the global companies in the market are acquiring the regional players to increase their presence in the global marketplace and acquire the technical know-how of the production of quillaia, which is mostly concentrated in Chile. For instance, Naturex received Quillaia and Yucca business activities from Berghausen, a US-based company, reinforcing its offerings for the food, beverage, and feed markets. The deal also included the transfer of a comprehensive line of Quillaia and Yucca extracts, formulated in convenient forms for the industry (liquid, powder).
Also, this acquisition strategy propels these leading companies to position themselves for natural ingredients derived from quillaia and enhances the group portfolio consistently with its sustainable development approach.
Quillaia Extract Market Leaders
Givaudan SA
Garuda International, Inc.
Desert King
Baja Yucca Company
Ingredion Incorporated
*Disclaimer: Major Players sorted in no particular order
Quillaia Extract Market News
In 2021 - Givaudan and US-based Fiberstar entered an agreement to commercialize further FIberstar's citrus fiber ingredient, Citri-Fi, which can be used to replace several common texturizing ingredients in food applications.
Quillaia Extract Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Form
5.1.1 Liquid
5.1.2 Powder
5.2 By Application
5.2.1 Food
5.2.1.1 Bakery
5.2.1.2 Confectionary
5.2.1.3 Dairy
5.2.1.4 Others
5.2.2 Beverage
5.2.2.1 Alcholic
5.2.2.2 Non-Alcholic
5.2.3 Pharamceutical
5.2.4 Personal Care and Cosmetics
5.2.5 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Russia
5.3.2.6 Spain
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 Rest of the World
5.3.4.1 South America
5.3.4.2 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Positioning of the Players
6.4 Company Profiles
6.4.1 Garuda International, Inc.
6.4.2 Givaudan SA
6.4.3 Desert King
6.4.4 Baja Yucca Company
6.4.5 Ingredion Incorporated
6.4.6 QUILLAJA GREEN BIOSOLUTIONS
6.4.7 Shaanxi Pioneer Biotech Co. Ltd
6.4.8 Plantae Labs (for feed and agriculture)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
Quillaia Extract Industry Segmentation
Quillaia extract is the milled inner bark or small stems and branches of the Quillaia plant. The global quillaia extract market is segmented by forms into liquid and powder. Moroever, these quillaia extracts are applied in the following industries such as food, beverage, pharmaceutical, personal care and cosmetics, and others). Also, the market is segmented into the following geographies- North America, Europe, Asia-Pacific, and the Rest of the World. The report offers the market size and forecasts for the quillaia extract market in value (USD million) for all the above segments.
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Quillaia Extract Market Research FAQs
What is the current Quillaia Extract Market size?
The Quillaia Extract Market is projected to register a CAGR of 6.88% during the forecast period (2024-2029)
Who are the key players in Quillaia Extract Market?
Givaudan SA , Garuda International, Inc. , Desert King, Baja Yucca Company and Ingredion Incorporated are the major companies operating in the Quillaia Extract Market.
Which is the fastest growing region in Quillaia Extract Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Quillaia Extract Market?
In 2024, the North America accounts for the largest market share in Quillaia Extract Market.
What years does this Quillaia Extract Market cover?
The report covers the Quillaia Extract Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Quillaia Extract Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Quillaia Extract Industry Report
Statistics for the 2024 Quillaia Extract market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Quillaia Extract analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
