Global Yucca Extract Material Market Report and Forecast 2024-2032

Global Yucca Extract Material Market Outlook

The global yucca extract material market size reached approximately USD 95.00 million in 2023. The market is further projected to grow at a CAGR of 6.4% between 2024 and 2032, reaching a value of USD 165.99 million by 2032.

Key Trends in the Market

Yucca extract material is derived from yucca schidigera, a flowering plant that is native to Southwest desserts of North America. The extract acts as a natural plant-based soil penetrant and wetting agent. Additionally, the material has antifungal and antiprotozoal properties because of which it is also used by the pharmaceutical sector.

• Increasing utilisation of yucca extract material in skin and personal care products is a key trend supporting the yucca extract material market growth. Yucca extract provides the necessary therapy to skin and reverses the sun and chemical damage. The extract material contains phenol, that has an anti-inflammatory effect and helps in calming the skin.

• Rising adoption of yucca extract materials as feed and water additive as they allow for improved animal performance is another major factor aiding the market expansion. The extracts also boost protein metabolism in animals by reducing ammonia secretion.

• The consumption of food products and beverages derived from yucca extract materials is increasing due to the rising awareness about the various health benefits. Moreover, growing health consciousness and increasing knowledge about the adverse effects of consuming chemical fused beverages and foods is also supporting the consumption of plant derived foods and beverages, including that of yucca extract material.

Global Yucca Extract Material Market Analysis

On the basis of type, the market is divided into medical grade, food grade, and industry grade. Based on application, the market is classified into functional food, pharmaceutical, dietary supplements, personal care, and industrial. On the basis of region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the yucca extract material market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• NATUREX SA

• Baja Yucca Company

• Avitech Nutrition Pvt. Ltd.

• Garuda International, Inc.

• American Extracts

• Desert King International

• Ingredients By Nature

• Others

Market Share by Application

The pharmaceutical sector is expected to witness significant growth over the forecast period. Yucca extract materials have anti-inflammatory and anti-arthritic effects and contain various phytochemicals that are physiologically active. They are also rich in saponins, which have a diverse biological effect on the body including anti-protozoal effects. These extracts contain phenols that are also free radical scavengers and antioxidants that aid in suppression of reactive oxygen species.

Market Share by Region

North America is anticipated to account for a significant yucca extract material market share. Increasing awareness about the various health benefits associated with consumption of health supplements derived from yucca extract material is a major factor supporting the market growth in the region. The rising utilisation of yucca extract materials in formulation of cosmetic and personal care products including shampoos, lotions, and creams, among others as they impart soothing and cleansing benefits to the skin is further aiding the market expansion in North America.

Competitive Landscape

NATUREX SA specialises in producing and selling plant-based natural ingredients for the food industry for the purpose of providing colour, flavour, and preservation. The company was founded in 1992 and is headquartered in Avignon, France.

Baja Yucca Company is known for supplying high quality yucca schidigera powders and liquids, taurine, chondroitin, glucosamine, and quillaja powders and liquids, among others. Baja provides yucca to nutraceutical, food and beverage, and pet food companies across the world.

Avitech Nutrition Pvt. Ltd. is a manufacturer and supplier of animal feed supplements and animal nutrition products. Avitech also provides cutting edge technology to feed additives sector. The company was founded in 1996 and is headquartered in Gurgaon, India.

Other yucca extract material market key players include Garuda International, Inc., American Extracts, Desert King International, and Ingredients By Nature, among others.

Key Highlights of the Report

Yucca Extract Material Market Report Snapshots

Yucca Extract Material Market Size

Yucca Extract Material Market Share

Yucca Extract Material Market Analysis

Yucca Extract Material Companies