Quillaia extracts market is projected to grow at a considerable CAGR of around 5% during the forecast period (2020-2026). Quillaia extracts are acquired from the aqueous extraction of the milled inner bark or wood of pruned stems and branches of Quillaja Saponaria Molina. Rising preference of people towards the use of natural ingredients, changing food habits, and rising obese population are the major aspects that are propelling the growth of the global quillaia extracts market. The growing use in different industrial applications such as food & beverage, pharmaceutical, and cosmetics among others is further expected to promote the demand of quillaia extracts thereby contributing towards the growth of the global market. 

Quillaia saponin possesses cleansing properties that make them appropriate for use in the manufacturing of cleansing face creams, cleansing gels, cleansing wipes, scrub masks, moisturizing lotions, baby wipes, and feminine wipes among others. The rising demand for natural ingredients in the personal care and cosmetic industry is creating the demand for quillaia extracts which in turn is driving its global market. The continuous innovation in the extraction method of quillaia extracts is expected to offer future growth opportunities to the quillaia extracts market across the globe. However, several side effects such as kidney disorder, stomach, and intestine related problems that are associated with the high quantity intake of quillaia extracts may hamper the growth of the quillaia extracts market across the globe.   

 Segmental Outlook  

The quillaia extracts market is segmented on the basis of product type and application. Based on the product type, the market is segmented into powder and liquid. Powder type is expected to hold considerable market share based on the product type. Enhanced flavor, better shelf life, easy to mix, and lack of moisture in powder form are the key characteristics that are promoting the adoption of powdered quillaia extracts. However, the liquid form is anticipated to exhibit considerable growth based on the product type. Based on application, quillaia extracts market is segmented into food & beverage, pharmaceutical, personal care & cosmetics, and others. 

Food & Beverage to be considerable segment based on Application

Food & beverage is anticipated to hold major market share based on the application segment. The increasing use of quillaia extracts as a foaming agent in both alcoholic and non-alcoholic beverages owing to its foaming characteristics along with the growing consumption of these beverages across the globe is a key contributor towards the high share of the market segment. The rising adoption of quillaia extracts in making baked goods, candies, cider, cream soda, cocktail mixes, and, frozen dairy products owing to their offered benefits is further anticipated to contribute towards the high share of the market segment. Pharmaceutical is anticipated to register considerable growth based on the application segment. The increasing use of quillaia extracts in preparing medicines is promoting the utility of quillaia extracts in the pharmaceutical sector. 

Global Quillaia Extracts Market Share by Application, 2019 (%)

Regional Outlook 

The global quillaia extracts market is further segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. North America is anticipated to hold a major market share in the global quillaia extracts market during the forecast period. Significant innovation and R&D in the region regarding the usage of organic ingredients in different industrial applications is a key factor contributing to the high share of the market in the region. The high awareness among people related to the offered benefits of quillaia extracts along with its increasing application in different industries is making a huge contribution towards the high share of quillaia extracts market in the region. The considerable presence of the pharmaceutical industry in the region is offering huge opportunities for the growth of the quillaia extracts market in the region.

 Global Quillaia Extracts Market Growth, by Region 2020-2026

Asia-Pacific will augment with the significant growth rate in the quillaia extracts market

The growing food & beverage industry in the region is a key motivator responsible for the growth of quillaia extracts market in the region. Apart from this, the rising use of natural ingredients in different products, changing food habits, and rising obese population in the region to drive the growth of the quillaia extracts market in the region. However, lack of awareness among people related to the health benefits of quillaia extracts in the region may hamper its market growth.  

Market Players Outlook

The key players of quillaia extracts market include Givaudan S.A., Garuda International, Inc., Desert King International Inc., Baja Yucca Company, Ingredion Inc., Givaudan SA, PERA GmbH, Shaanxi Pioneer Biotech Co., Ltd., Hunan Huakang Biotech Inc., Alfa Chemicals, Adama Food Ingredients, Ltd., Jilin Province Hongjiu Biotech Co., Ltd., Riotto Botanical Co., Ltd. and so on. The key players of the market are involved in the discovery of new product innovation by taking quillaia extracts as the major content.

The Report Covers

• Market value data analysis of 2019 and forecast to 2026.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global quillaia extracts market. Based on the availability of data, information related to the products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.