Quillaia Extract Market By Application (Food Products, Beverages, Personal Care Products, Feed, Aqua & Agriculture Application) - Growth, Future Prospects & Competitive Analysis, 2016 - 2024

This report, titled "Quillaia Extract Market: Growth, Future Prospects, and Competitive Analysis, 2016–2024," offers strategic insights into the trends in the quillaia extract market along with the market size and forecast for the duration of 2013–2024. The said research study incorporates an in-depth analysis of multiple market segments based on application and geographical distribution.

Quillaia extracts are natural foaming and emulsifying agents that find extensive use in food and beverage products such as puddings, frozen dairy products, sweets, baked goods, and gelatine, as well as extensively in soft drinks. Quillaia extract, as a key formulator for foam formation, will drive the overall growth of the market for natural foaming agents, particularly in food and beverages, over the next five to six years.

Food and beverage ingredient manufacturers have increased their efforts to develop foam stabilizing agents, which are supported by the property of being an efficient water-soluble foaming compound as well as proper temperature, shelf-stability, and taste maintenance. Quillaia extracts are extensively used in powdered form; however, liquid extracts are used particularly in beverages and a few other agricultural applications.

Based on application, the quillaia extract market is segmented into food products, beverages, personal care products, feed, aquaculture, and agriculture applications. The market size and forecast for all the segments considered are presented in this report for the period 2013–2023, along with their respective CAGRs for the forecast period 2016–2023 in terms of value).

In terms of geographical distribution, the global quillaia extract market is studied for five major regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Market size and forecasts for each regional and country-level market are included in the report for the considered periods. 

Along with the quantitative information sets, this report also provides qualitative information, such as market dynamics and an executive summary of the global quillaia extract market. The report also includes tools to help readers with competitive mappings, such as competition assessment and appealing investment propositions. This study concludes with a company profile section. This section includes major information about the key quillaia extract manufacturers across the globe.

Based on application, the global quillaia extract market is segmented as follows:

  • Food Products
  • Beverages
  • Personal care products
  • Feed, Aqua, and Agriculture Application

Quillaia extract, which comes from the bark, stems, and branches of the soapbark tree, is also known as the China bark tree, Panama bark tree, and quillai extract, among others. Quillaia extract contains a high amount of saponins that is increased with the help of processing and finding applications in food products, beverages, personal care products, feed, aquaculture, and agriculture. Of different applications, the beverages segment dominated the market in terms of revenue share contribution, followed by feed, aquaculture, agriculture, and the food products segment.

Growing awareness of health consciousness among consumers, coupled with benefits related to the consumption of natural-based ingredients, has led to high demand for products such as quillaia among food and beverage manufacturers. Thus leading to the development of efficient foaming ingredients in an adequate manner for formulations. The beverages and food products segment collectively accounted for around 75% of the total quillaia extract market in terms of revenue share contribution in 2015. One of the top application areas for existing and new quillaia extract manufacturers to focus on while investing in the market is the use of spirulina extracts for other applications, such as personal care.

For the purpose of this study, the global quillaia extract market is categorized into three segments:

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • Italy
  • U.K.
  • Russia
  • Rest of Europe
  • Asia Pacific
  • India
  • China
  • Japan
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America
  • Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

Quillaia extract has been gaining adoption across various applications worldwide. Strategic alliances to expand the production of quillaia, along with support from procurement, manufacturing, and logistics, are being observed among prominent players, further intended to mitigate the demand for specialty ingredients, especially in Latin America. Since quillaia extracts are native to Chile, the domestic consumption of quillaia extract is expected to remain significant, especially among food and beverage manufacturers.

Europe and North America dominated the market in terms of revenue share in 2015 and collectively accounted for around 70% of the market in terms of value. Both regions are expected to grow rapidly during the forecast period of 2016 to 2024. Government intervention to ensure food safety and standards, as well as consumer concerns about healthy food products, are some of the factors driving the adoption of natural ingredient products, resulting in significant quillaia extract market growth in the regions. The quillaia extract market is further expected to record steady growth in Asia Pacific, the Middle East, and Africa, attributed to less commercialization of quillaia extracts in these regions.

Frequently Asked Questions:

The market for Quillaia Extract Market is expected to reach US$ 2,426.0.0 Mn By 2024.

The Quillaia Extract Market is expected to see significant CAGR growth over the coming years, at 5.1%.

The report is forecasted from 2016-2024.

The base year of this report is 2015.

Zoetis, Inc., Merck Animal Health, Merial Inc. (Sanofi SA), Boehringer Ingelheim GmbH, Elanco Animal Health (Eli Lilly), Bayer AG, Ceva Animal Health Heska Corporation, Vetoquinol SA, Virbac Ltd. are some of the major players in the global market.

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Published Date:  Jan 2017
Category:  Food & Beverage
Report ID:   58335
Report Format:   PDF
Pages:   130
Rating:    4.1 (40)
Delivery Time: 24 Hours to 48 Hours   
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