Global Quillaia Extract Market - 2022-2029
Market Overview
The global quillaia extract market valued USD xx million in 2021 and is forecast to reach USD XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029)
Quillaia extract is a natural extract known as Murillo bark extract, Panama bark extract, Quillaia bark extract, and soapbark extract. It contains major components like glucose, arabinose, galactose, xylose, and rhamnose. This extract is used as a foaming agent in skin cream, fire extinguishers and soft drinks like ginger beer, cream soda, and cocktail mixes. It is used as an emulsifier in some foods such as baked goods, candies, frozen dairy products and puddings. Quillaia extract is obtained by aqueous extraction of the milled inner bark. Rise the beauty consciousness in women drives the quillaia extract market.
Market Dynamics:
Increasing adoption of quillaia extract in cosmetic and personal care industry
The rise in beauty consciousness among females and advancement in lifestyle and beauty products tends to grow the cosmetic industry. Quillaia extract is used in the manufacturing of skin creams and beauty products. It acts as a foaming agent in skin cream. Increase preference for natural and organic cosmetics products rise the demand of quillaia extract. The personal care industry's continuous research and development drive the quillaia extract market.
Moreover, growing food habits and diverse range of customer’s application in healthcare, food and beverages and skincare are expected to drive market growth. Some of the basic applications of these extracts are cough syrup, beer and soft drinks. The rising demand of this products around the globe helps to drive the market. Also, FDA approves the use of the quillaia extract in food and beverages processing.
Market Segmentation:
Powder form of quillaia extract segment held highest market revenue share of XX% in the year 2021
Powder form of quillaia extract enhances the flavour and shelf life of the product. Due to its powered nature, it blends and easily mixes with the end product. It is majorly used in frozen dairy desserts, candy, baked goods, puddings and gelatins. The powder form of extract doesn’t impact taste and colour of food, so various consumers prefer the powder form as the foaming agent. Increased research and development investments for power form quillaia extract. New food product launches with quillaia extract in the market and increasing demand for that product helps grow market share.
Moreover, quillaia extract held large revenue in the pharmaceutical industry. This has medicinal properties and is helpful to cure various health issues. It contains a high concentration of tannins which helps make to cure cough in the body. Another chemical present in this extract is Saponins. It prevents some types of bacteria, fungi and viruses from attaching to and infecting healthy cells. These chemicals are helpful for stimulation of the immune system when given a vaccine. Saponins help lower blood fat such as cholesterol by preventing fat from getting into the blood or other organs.
Geographical Penetration:
Asia pacific is expected to dominate the global quillaia extract market in the year 2021
The demand for the product has been growing at a significant pace. The Asia Pacific held the largest market share due to the high product consumption in Australia and New Zealand. High product demand from the countries like India, Japan, and China for food and beverage industry and the pharmaceutical industry boost the regional growth. According to a Bureau of Chemical Safety report, the mean Quillaia extract intake in Australia was 2.3mg/kg per day and 1.1 mg/kg per day in New Zealand. Quillaia trees are native to China, so they are also called china bark extract. India has a rising demand for quality products increase the demand for quillaia extract market. Quillaia extract plays a major role in odor improvement in pet food. The availability of pet with quillaia extract food in multiple retail format drive application. Quillaia extract plays a major role in odor improvement in pet food.
Competitive Landscape:
Some of the key players operating in quillaia extract include Garuda International, Inc., Naturex, Ingredion Incorporated, and William Reed Business Media Ltd. among others. Global companies in the market are acquiring the regional players, to increase their presence in the global marketplace and acquire the technical know-how of the production of quillaia, which is mostly concentrated in Chile. Most companies engage in innovation, R&D investments, and new product launches to cater to the rising demand and to gain greater market share on a global scale. In July 2019, Conference Series LLC Ltd. organized the fifth world congress on Medicinal Plants and Natural Products Research in Hong Kong.
COVID-19 Impact: Negatively impact on the global quillaia extract market
Quillaia extract is not considered an essential commodity. Growing cases of COVID-19 have forced the government to implement lockdowns which have affected the transport industry. Strict regulation for transport and deteriorating for various products makes it difficult to source raw material for these food product. Blocking convenience root for supply chain of food product may hamper the food industry, which is huge loss to grow this industry.
Why Purchase the Report?
Understand the current market scenario and viability of global quillaia extract market over the forecast period
Visualize the composition of the global quillaia extract market in terms of type, active compounds and end user to identify major players, growth potential, and market strategies
Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market
What we offer?
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Excel data sheet with valuable data points of the global quillaia extract market – Regional and Country level segmentation
Product mapping in excel for the key products of all major market players
Market share analysis covering business revenues ($) and revenue share (%) of key market players
The global quillaia extract market report would provide an access to approximately 61 market data tables, 53 figures and 180 pages
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