Quillaia Extract Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The global quillaia extract market is forecasted to witness a CAGR of 6.88% during the forecast period (2022 - 2027).

The COVID-19 has a moderate positive impact on the market studied owing to the increased awareness of preventative health, this has created inclination towards natural and nature orgin ingredients has propelled the demand for quillaia extract.

In today's society consumers are taking a more proactive approach in boosting their nutritional intake, which means nutritional, functional and flavoured waters now have real consumer appeal. The natural trend continues to be a key purchase driver, with drinks bearing natural claims increasingly perceived as ‘purer’, ‘better for you’ and ‘healthier', is expected to drive the global quillaia extract market.

The quillaia is extracted by a natural process allowing it to be a naturally-derived liquid and powder emulsifier, its primary use is used in a range of clear beverages, including popular functional and flavoured waters. This naturally derived emulsifier satisfies consumer demand for high quality, low cost drinks, while providing beverage manufacturers with a highly stable cost-effective alternative.

Key Market Trends

Role of Specialty Food Ingredients in Processed Food Industry​

Quillaia have a wide range of industrial applications. The interest in these compounds has increased significantly in recent years because of their properties as foaming agents in beverages and emulsifiers in foods, as well as their applications in cholesterol-reduction and flavor enhancementHealth and wellness, along with the rising preference for better-for-you foods, have brought specialty ingredients to center stage, therefore increasing the application quillaia extracts, as they are increasingly customized to cater to wider functionalities and broader applications in the processed food industry. The industry for quillaia extracts essentially thrives on the wider technological and functional benefits that these ingredients confer, in terms of high quality, safety, affordability, nutrition, and deliciousness of the processed food products. ​ The processed food products include various categories, particualrly alcohol and, and non-alcoholic beverages. Specialty food ingredients are a vital part of a wide range of processed foods, thereby contributing to competitiveness in the food & beverage industry.​

North America is the Largest Market

North America is the largest market this is mainly owing to the preference for certain types of food products has become core to some consumers’ identities. There is a strong correlation between the specialty food ingredient market and the processed food market, with the former conferring functional benefits and customized value addition as per the end-user applications. American consumers are more aware of label claims, ingredient lists, and products’ nutrition profiles. On the other hand, consumers are taking proactive participation to enhance health and fitness in everyday life. This trend has been driving the demand for specialty food ingredients, including Quillaia extracts.

Products delivering distinct organoleptic traits, along with cleaner ingredients, witnessed wider reach and greater availability. Categories, such as plant-based, vegetarian, gluten-free, non-GMO, and convenient foods, also penetrated significantly in the country. The thrust toward new product development in the food and beverage and pharmaceutical industries prompted the extensive utilization of specialty ingredients, including Quillaia extracts, which offer health, nutritional, and technological functions.

Competitive Landscape

The global quillaia extract market is a competitive industry which consist of many global and regional player such as Givaudan SA, Garuda International, Inc., and Baja Yucca Company. Moreover, the global companies in the market are aquiring the regional players, so as to increase their presence in the global marketplace and acquire the tecnical know-how of the production of quillaia, which is mostly concentrated in Chile. For instance,The Naturex acquired Quillaia and Yucca business activities from Berghausen, a US-based company, reinforcing its offerings for the food, beverage and feed markets.The deal also included the transfer of a comprehensive line of Quillaia and Yucca extracts, formulated in convenient forms for the industry (liquid, powder).

Also, this acquisition strategy propels these leading companies to position themselves for natural ingredients drived from Quillaia and also enhances the group portfolio in a consistent manner with its sustainable development approach.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

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