The global quillaia extract market is expected to reach market value of USD 877.8 Million by the year 2022, increasing with a CAGR of 5.8% by 2022 to 2032. Quillaia extract sales are likely to account for 2.3% of the overall clean label ingredients market, which is anticipated to be valued at USD 38 Billion by 2022 end.
| Attribute | Details |
|---|---|
| Quillaia Extract Market Size (2022E) | USD 877.8 Million |
| Quillaia Extract Market Projected Size (2032F) | USD 1,513.6 Million |
| Value CAGR (2022 to 2032) | 5.8% |
| Top 3 Countries Market Share | 35.8% |
Quillaia extract, also known as soapbark extract, is made by extracting the milled inner bark of soapbark also known as Quillaja saponaria Molina, in an aqueous solution. It can also be extracted from other Quillaja species, such as trees in the Rosacea family. Saponins, polyphenols, tannins, and calcium oxalate are among the product's active ingredients, as are sugars such as galactose, glucose, arabinose, xylose and rhamnose.
FMI analysis indicates that the quillaia extract market will witness a moderate growth over the forecast period owing to its applicability in multiple industries mainly due to the various nutritional values.
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Historically the quillaia extract market witnessed a modest growth of around 4.8% owing to the changing food habits, rising demand for natural ingredients and its application in multiple industries ranging from food and beverages to cosmetics.
Quillaia extract, which is high in sapogenins and saponins, is frequently used in the food and beverage sector as a foaming and emulsifying ingredient in baked goods, cider, cream soda, puddings, and frozen dairy products, among other things. It is also used in the cosmetics and personal care industry, due to higher preference for natural and organic goods. For example, Gattfose's Vegetol Quillai GR038 Hydro is often used as a foaming agent in shampoos.
However, post COVID-19 the market has witnessed significant growth which is anticipated to continue over the forecast period owing to its use in the pharmaceutical industry where it is increasingly being used as an adjuvant for vaccines. Moreover, it’s also used to treat bronchitis and colds, as well as Giardiasis, rotavirus infection, and hypercholesterolemia.
Quillaia has a diverse range of industrial uses because of its functions as foaming agents in beverages and emulsifiers in foods and its application in cholesterol reduction and flavour improvement, has risen dramatically in recent years.
Health and wellbeing, as well as a growing desire for functional foods, have elevated specialty ingredients to the forefront, expanding the use of quillaia extracts, which are being modified to suit to broader functionality and uses in the processed food sector.
The quillaia extract industry is based on the larger technological and functional benefits that these additives provide in terms of high quality, affordability, safety, deliciousness, and nutrition of processed foods.
Due to rising demand from the food and beverage industries and favorable government laws, Germany accounts for a large revenue share in the quillaia extract market. Moreover, the country allows the use of quillaia extracts in water-based flavored non-alcoholic beverages including cider.
As an anhydrous extract, it can be utilized at a maximum concentration of 200 mg/L, however, there is no distinction between type 1 and type 2 extracts as per the EU regulations.
Oceania accounted for a significant portion of the regional quillaia extract market. This is owing to Australia and New Zealand's high product consumption. According to a research from the Bureau of Chemical Safety, the average quillaia extract intake in New Zealand it was 1.1 mg/kg per day, while in Australia it was 2.3 mg/kg per day. Furthermore, when utilized in all food categories, Food Standards Australia New Zealand deems quillaia extracts (both type 1 and type 2) to provide a legitimate technological purpose.
The USA market for quillaia extract is expected to account for a significant portion of sales in North America due to the existence of important manufacturers such as Garuda International Inc. and Ingredion Incorporated in the country. Moreover, the United States' significant spending power for high-quality food ingredients is another element boosting growth of the quillaia extract market in the country.
Since quillaia extract is a naturally derived component, it is pricey, but buyers are prepared to pay for it due to the growing trend of using natural ingredients. Furthermore, major firms in the country are aggressively investing in new product launches in order to consolidate their market presence in the region while also pursuing worldwide trade.
As a result, the quillaia extract market in the United States is predicted to increase at a rapid pace over the forecast period.
Over the projected period, the liquid quillaia form of quillaia extract is expected to grow at a CAGR of 5.5% owing to their smooth and semitransparent characteristics which is ideal for curries and sauces. However, due to the stratification of liquid quillaia extracts after prolonged storage, their application is limited.
Moreover, the rise in beverage consumption among health conscious millennials and generation z, as well as the widespread use of liquid quillaia extract for beverage and other liquid products due to its high solubility, is expected to boost the industry's expansion.
Pet owners' demand for plant-based products and nutritional ingredients in animal food is driving the manufacturing of quillaia extract, opening up new growth potential for manufacturers. The consumption of components that enhance the metabolic process and digestion in animals, such as quillaia extracts, has increased as people become more aware of the safety of their pets' diet.
Moreover, the demand for clean label pet food products, particularly among dog owners, has fueled market demand. Since quillaia extract is naturally obtained from plants, it has become more widely used in the production process of animal feed, prompting the need for a clean label product.
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In order to expand their customer base, major market players in the global quillaia extract industry are focusing on forming effective acquisitions, joint ventures and/or collaborations, thereby increase their target bases by being able to cater to them on both a global and domestic level.
This factor, combined with good sales prospects coming from developing countries, is expected to boost business opportunities for concerned firms during the projection period.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania and Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
| Key Segments Covered | Type, Function, Form, End Use Industry, Sales Channel and Region |
| Key Companies Profiled | Garuda International Inc.; Chile Botanics S.A; Ingredion Incorporated; Baja Yucca Company; Naturex S.A;Alfa Chemicals; Desert King International; Quillaja Green Biosolutions; Givaudan SA;Natural Response S.A.; Others |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The quillaia extract market will reach nearly USD 877.8 Million by 2022.
The quillaia extract market is anticipated to reach a valuation of USD 1,513.6 Million by 2032 end.
The quillaia extract market is expected to register 5.6% CAGR between 2022 and 2032.
Sales of quillaia extract in North American countries is anticipated to drive the demand during the forecast period of 2022 to 2032.
The top manufacturers of quillaia extract are Garuda International Inc., Chile Botanics S.A, Ingredion Incorporated, Baja Yucca Company, Naturex S.A among others.
| Estimated Market Size (2024E) | USD 1145 million |
|---|---|
| Projected Market Value (2034F) | USD 1987 million |
| Value-based CAGR (2024 to 2034) | 5.7% |
| Estimated Market Size (2024E) | USD 46.5 billion |
|---|---|
| Projected Market Value (2034F) | USD 81 billion |
| Value-based CAGR (2024 to 2034) | 5.7% |
| Market Size Value in 2022 | USD 90.4 Million |
|---|---|
| Market Forecast Value in 2032 | USD 158.8 Million |
| Growth Rate (2022 to 2032) | 5.8% |
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Quillaia Extract Market
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