The new report by Expert Market Research titled, 'Global Quillaia Extracts Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025', gives an in-depth analysis of the global quillaia extracts market, assessing the market based on its segments like types, forms, active compounds, functions, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)• Historical Market Size (2019): USD 767 Million
• Forecast CAGR (2020-2025): 5%
• Forecast Market Size (2025): USD 1027 Million
The global quillaia extracts market is expected to exhibit a growth driven by the product's favourable characteristics as a foaming agent, stabiliser, emulsifier, and flavouring agent. Quillaia extracts find widespread applications in various industries including cosmetics and personal care. This, in turn, has propelled the global quillaia extracts market growth. The rising technological advancements and government investments in the sector are expected to drive the market forward. Moreover, the usage of quillaia extracts in the food and beverage industry, supported by the FDA approval is expected to drive the market growth further.
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Industry Definition and Major Segments
Quillaia is the milled inner bark or small stems of the soapbark, also known as Quillaja Saponaria, Molina, and is native to Central Chile. It can also be extracted from other sources, like trees belonging to the Rosacea family. It contains a high concentration of saponins and finds it use in various sectors from food and beverages to pharmaceuticals.
By product type, the market is divided into:
• Type 1
• Type 2
The segments based on form are:
By active compounds, the market is segmented as follows:
• Calcium Oxalate
The market on the basis of function can be divided into:
• Emulsifying Agent
• Foaming Agent
The major end use industries are:
• Food and Beverage
• Personal Care
The regional markets for the product are:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The quillaia extracts market is expected to witness a growth, supported by the FDA approval for its usage in the food and beverage industry. The industry is being further driven by the product's rising acceptance in the cosmetics and personal care sector. The favourable characteristics of quillaia extract as a stabiliser, foaming agent, and emulsifier have helped the product find a place in the global market. Europe leads the market, owing to the rising shift of manufacturers towards products with natural ingredients. North America is slowly emerging as a major region for the product, driven by the rising demands for organic products in the region. Moreover, continuous R&D and technological advancements are expected to drive the market forward.
Key Market Players
The major players in the market are Garuda International Inc. (IDX: GIAA), Naturex S.A., Ingredion Incorporated (NYSE: INGR), Desert King International, Baja Yucca Company, and Quillaja Green Biosolutions, among others. 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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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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