The global quillaia extracts market size is expected to reach USD 881.6 billion by 2028 according to a new study by Polaris Market Research. The report “Quillaia Extracts Market Share, Size, Trends, Industry Analysis Report, By Application (Food & beverage, Personal care, Pharmaceuticals and Others); By Product Type (Powder and Liquid); By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing application of quillaia extracts in various industries that include its use in food and beverages industry owing to its emulsifiers and foaming properties are the major driving forces during the forecast period. Moreover, increasing use in pharmaceutical industry and in pet foods, along with emerging applications in the cosmetic industry, will further boost the industry growth.
Quillaia extracts are used in pharmaceutical industry as they are rich in tannins and saponins. Tannins are known to efficiently treat cough by helping in the removal of mucous, and the saponin’s anti-microbial properties will help to boost immunity. It is used as an adjuvant in vaccine development as they can efficiently stimulate the immune system. Its demand as pet food and immunity booster is also supplementing its growth. It is known to improve dog metabolism owing to its anti-microbial and digestive capabilities. For instance, Plantae labs have developed a new generation of Quillaia extracts formulations that are expected to eliminate the use of synthetic pesticides in agriculture and antibiotics in the feed industry.
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Food & beverage industry is the most dominant application segment for this market due to its foaming and emulsifier properties, and it is also known to enhance the flavour of food & beverages. Quillaia extracts are available in various forms, including liquid and powder forms. Powder form is most widely used due to its low moisture content that will improve the shelf life of the products.
The COVID-19 pandemic is expected to have a negative effect on the growth of the global industry owing to the lockdown imposed in many parts of the world that have significantly impacted the supply chain. It is used as raw material and as a key ingredient in many medicinal and food industry and hence the disturbance in its supply will have a negative impact on the growth of the market.
Market Participants such as Adams Food Ingredients Ltd. Alesco S.r.l, Baja Yucca, BioFlora, LLC, Inc., Celtic Sea Minerals, Chile Botanics, Desert King, Garuda International Inc., Givaudan SA, Humates and Seaweeds Pvt Ltd, Ingredion, InovoBiologic Inc., Marigot Ltd., Maxicrop USA, Naturex, Stan Chem International are some of the key players operating in the global industry.
Polaris Market Research has segmented the quillaia extracts market report on the basis of application, product, and region:
Quillaia Extracts, Application Outlook (Revenue – USD Million, 2016 – 2028)
- Food & beverage
- Personal care
Quillaia Extracts, Product Outlook (Revenue – USD Million, 2016 – 2028)
Quillaia Extracts, Regional Outlook (Revenue – USD Million, 2016 – 2028)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa