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Quillaia Extracts Market Size & Share, 2025 | Global Industry Report

Quillaia Extracts Market Analysis Report By Application, By Product Type, By Distribution Channel And Segment Forecasts From 2019 To 2025

Report ID: MN17619564  |  Published: April 2020  |  No of Pages: 80
Format: Electronic (PDF)  |  Industry: Consumer Goods  |  Publisher: Grand View Research

Industry Insights

The global quillaia extracts market size was estimated at USD 736.2 million, in 2018. The market is expected to witness a significant growth rate with a CAGR of 5.2%, from 2019 to 2025. This growth can be attributed to the rising demand for natural extracts cross various industries like pharmaceutical, food and beverage and personal care. Quillaia extracts find major applications in products like shampoo, soft drinks, cough syrup, and beer. The rising demand for these products is expected to have a positive impact on the market growth during the forecasted years, 2019 to 2025.

The extract of quillaia is rich in nutrients like sapogenins and saponins. Therefore, it is used as an emulsifying and foaming agent across the food and beverage industry to produce baked goods, cider, cream soda, dairy products, and puddings. It is used in different quantities according to the application. For example, the concentration of quillaia extracts in carbonated beverages is 200 mg/ kg while that in soft drinks can go up to 500 mg/kg.

North America quillaia extracts market

Such extracts also find their application across the medical and pharmaceutical industries. For instance, it is being used for the treatment of various diseases like bronchitis and cold, rotavirus infection, and beaver fever. It also acts as an adjuvant against various diseases. Moreover, its application for the treatment of itchy scalp, athlete’s feet, and skin sores is also popular among the consumers.

The demand for quillaia extracts across the personal care and cosmetics industry is increasing rapidly. This growth can be attributed to the rising preference for the use of natural or organic products among consumers. Also, the ongoing product developments and innovation in the personal care industry is expected to fuel the demand for such products. For example, the GR038 Hydro Vegetol Quillai by Gattfose is being used in shampoos as a foaming agent.

Application Insights

In 2018, the application segment of food and beverages held a majority of the market share with 36.45% across the global quillaia extracts market. This growth can be attributed to its salient features such as improvement in the shelf life and maintenance of taste and temperature. Thus, the market for such extracts is anticipated to grow at a faster rate in the upcoming years.

The segment of personal care is expected to witness the fastest growth with CAGR of 5.5% during the forecasted period, 2019 to 2025. This growth can be attributed to the increasing demand for natural and organic products for skin care and hair care among consumers. This quillaia is rich in natural surfactants, antioxidants, and other nutrients. Desert King, a major player in this market provides a wide variety of quillaia extracts named Andean Q Ultra, Andean QE, Andean Pure Quillaia, and Andean QD.

Product Type Insights

In 2018, the powdered form of quillaia extracts held the largest share of 50.08%. This growth can be attributed owing to benefits like improvement in the shelf life of the products on the addition of powdered extracts. Also, other features like easy to use and blend with other materials are expected to drive the market growth in the upcoming years.

Global quillaia extracts market

The product segment of liquid quillaia is expected to witness a CAGR of 5.4% from 2019 to 2025. This growth can be attributed to its texture less and smooth less nature thereby making it suitable for addition in a variety of food products like sauces and curries. But this usage is restricted owing to its stratification due to storage for a longer period. Moreover, increasing beverage consumption coupled with the rising adoption for the use of such extracts is expected to boost the market growth during the forecasted period, 2019 to 2025.

Regional Insights

In 2018, Asia Pacific held the majority of the share of 32% across the global quillaia extract market. This growth can be attributed to the higher consumption of such extracts across countries like New Zealand and Australia. According to the Bureau of Chemical Safety report, the intake for such extracts across Australia and New Zealand was 2.3 mg per day and 1.1 mg per day respectively. 

North America and the European region are also expected to witness higher growth rate in consumption of quillaia extracts during the forecasted years, 2019 to 2025. The need for product innovation and development coupled with its application across various industries is expected to drive the market growth in the upcoming years, 2019 to 2025.

Quillaia extracts Market Share Insights

The key players in the market of the quillaia extracts are Naturex, Desert King, Garuda International, Ingredion, Baja Yucca, Chile Botanics, and Stan Chem International. These players are constantly engaged in product development and innovation to cater to the increasing demand among consumers across the globe.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., Germany, U.K., China, India, Australia, New Zealand, Brazil and South Africa

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis on latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global quillaia extracts market report based on application, product type and region:

• Application Outlook (Revenue, USD Million, 2015 - 2025)
    • Food & Beverage
    • Personal Care
    • Pharmaceuticals
    • Others

• Product Type Outlook (Revenue, USD Million, 2015 - 2025)
    • Powder
    • Liquid

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • Asia Pacific
        • China
        • India
        • Australia
        • New Zealand
    • Central & South America
        • Brazil
    • Middle East & Africa
        • South Africa

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