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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.
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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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