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Global Quillaia Extracts Market to Reach USD 1027 Million by 2025, Aided by the Rising Personal Care Industry

According to a new report by EMR titled, ‘Global Quillaia Extracts Market Report and Forecast 2020-2025’, the global market for quillaia extracts stood at USD 767 million in 2019. The industry is further expected to grow at a CAGR of  5% in the forecast period of 2020-2025 to reach an estimated value of USD 1027 million by 2025.

North America and Europe are dominating the global quillaia extracts industry. Europe holds the largest share in the demand for quillaia extracts. Since producers are increasingly inclined towards natural ingredient products, the market is expected to witness a further growth in the region. Since quillaia extracts for human consumption are permitted in Japan, the growth in the region is likely to escalate further during the projected period. The increasing use of natural ingredients due to the health benefits they provide, shifting customer preferences for food consumption, as well as a growing number of obese people, is leading to the rise in the demand for quillaia extracts in the overall Asia Pacific region. Throughout the Asia Pacific, there is a substantial demand growth of the product as the preference for natural materials over synthetic materials is growing, and as the food and beverage sectors are witnessing considerable expansion.

The rising acceptance of the product by various regulatory bodies is also propelling the growth of the market. In March 2016, Ingredion Inc, (NYSE: INGR), a leading player in the industry, announced the approval of its type 2 quillaia extract as an emulsifying agent for application across the food and beverage sector in oil-based colouring formulations, unstandardized oil-based flavouring, and other unstandardized oil-based ingredients. Ingredion’s Q-NATURALE is a clean label emulsifier and is being marketed as an alternative to emulsifiers like gum Arabic. This approval has enabled Ingredion to strengthen its market position beyond the US and Europe.

Market Analysis by Type, Form, Active Compounds, Function, End Use, and Regions:

  • Based on type, the industry can be divided into type 1, type 2, and purified.
  • The forms of the product can be segmented into powder and liquid.
  • The active compounds of the product are saponins, tannins, polyphenols, and calcium oxalate.
  • Based on functions, the market can be divided into emulsifying agent and foaming agent.
  • The end-uses of the product include agriculture, food and beverage, personal care, and pharmaceuticals, among others.
  • The regional markets for quillaia extracts include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The quillaia extracts industry is likely to be aided by the rising acceptance of the product in the cosmetics and personal care sector.
  • The rising R&D activities are also expected to boost the industry growth.
  • The rising competition among the key players is further driving the market growth.
  • The favourable characteristics of the product as a stabiliser, foaming agent, emulsifier, and flavouring agent are pushing the market forward.
  • The rising application of the product across food and beverage, personal care, and pharmaceutical industries is driving the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for quillaia extracts for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the types, forms, active compounds, functions, end uses, and major regions of quillaia extracts.
  • The regional price trends of the product are also provided within the report for the periods of (2015-2019) and (2020-2025).
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global quillaia extracts market are Garuda International Inc., Naturex S.A., Ingredion International, Desert King International, Baja Yucca Company, and Quillaja Green Biosolutions, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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