Global Quillaia Extracts Market Report and Forecast 2024-2032

Global Quillaia Extracts Market Outlook

The global quillaia extracts market reached a value of about USD 887.90 million in 2023. The industry is further expected to grow at a CAGR of about 5% in the forecast period of 2024-2032 to reach a value of around USD 1376.28 million by 2032.

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Europe Significantly Aiding the Market Growth of Quillaia Extracts

Europe is one of the major regions in the industry. The market growth in the region can be attributed to the rising shift of manufacturers towards products with natural ingredients due to the growing demand for such products from the consumers. North America also accounts for a significant share in the global quillaia extracts market due to the growing preference for natural and organic products in the region. Meanwhile, in the Asia Pacific, India, and China, are expected to provide the industry with significant growth opportunities in the coming years due to the increasing consumer preference for natural or bio-derived products, along with the rising disposable incomes of the consumers in the countries. Since quillaia extracts have been approved in Japan for human consumption, the industry is expected to grow in the Asia Pacific region in the coming years further.

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Quillaia Extracts: Market Segmentation

Quillaia extract, also known as soapbark extract, is extracted from the aqueous mining of the milled inner bark or wood of soapbark or Quillaja saponaria Molina, which is native to Central Chile. It can also be extracted from other species of Quillaja, like trees belonging to the Rosaceaefamily. It contains saponins, along with sugars like glucose, galactose, xylose, arabinose, and rhamnose. It is widely used in cream sodas and root beers. Quillaia extract is also used in food additives and as a humectant and foaming agents in baked goods, soft drinks, and frozen dairy products.

Based on type, the industry can be divided into:

• Type 1 
• Type 2
• Purified

The forms of the product can be bifurcated into powder and liquid. The active compounds of the product include saponins, tannins, polyphenols, and calcium oxalate. By functions, the market can be divided into emulsifying agent and foaming agent. The end-uses of the product can be divided into agriculture, food and beverages, personal care, and pharmaceuticals, among others. The major regional markets for quillaia extracts can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Favourable Characteristics of Quillaia Extracts to Bolster the Market Growth

The demand of quillaia extracts is expected to experience an increase over the next few years, supported by the FDA approval of quillaia extract use in the food and beverage industry. Due to the product’s favourable characteristics as a stabiliser, foaming agent, emulsifier, and flavouring agent, quillaia extracts have a wide range of applications. It is used in the treatment of bronchitis, skin allergies, and other diseases. Quillaia extracts are also extensively used in the personal care sector to stimulate hair growth. Thus, the rising adoption of the product across food and beverage, personal care, and pharmaceutical industries is driving the growth of the market.

The quillaia extracts industry is expected to be aided by the product’s rising acceptance in the cosmetics and personal care sector, led by the growing preference for natural and organic products. Continuous R&D is also anticipated to further propel growth of the market. In addition, the flexible uses of the extracts are providing further incentives for the industry players to invest in the development of the quillaia extracts industry.

Key Industry Players in the Global Quillaia Extracts Market

The report gives a detailed analysis of the following key players in the global quillaia extracts market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Garuda International Inc. 
• Naturex S.A. 
• Ingredion Incorporated
• Desert King International 
• Baja Yucca Company 
• Quillaja Green Biosolutions 
• Others

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.

Key Highlights of the Report