Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1011.24 Million | USD 1810.98 Million | 6% | 2024 |
The global quillaia extracts market size was worth around USD 1011.24 Million in 2024 and is predicted to grow to around USD 1810.98 Million by 2034 with a compound annual growth rate (CAGR) of roughly 6% between 2025 and 2034. The report analyzes the global quillaia extracts market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the quillaia extracts industry.
The report analyzes the global quillaia extracts market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the quillaia extracts market.
Quillaia extracts are extracted from the inner bark of a tree called Quillaja Saponaria which is mostly found in the South American region. These extracts are home to saponins that are considered natural emulsifiers and surfactants. Hence they can be used in industries, such as cosmetics, food and beverage, and pharmaceuticals. As the demand for natural food ingredients is growing, the quillaia extracts market is witnessing tremendous growth, especially in the food & beverages (F&B) sector, which is used largely as an emulsifier of foaming agents in beer, soft drinks, and other beverages.
Growing demand for natural food ingredients to propel market growth
The global quillaia extracts market is projected to register high growth due to the growing demand and consumption of natural food ingredients. Consumers are increasingly seeking organic food products due to several health benefits associated with them. Studies have shown that natural food products or ingredients are safe for consumption as compared to traditional counterparts since they are free of harmful pesticides and fertilizers that are used in the agriculture process, which tend to leave residues on the produce and may be harmful to human health. Furthermore, organic food products are made of high nutrient content as compared to conventionally produced food items since during organic farming practices, farmers pay more attention to soil health which results in better crop content.
High cost of the extract to limit its growth
Although the demand in the global quillaia extracts industry is growing, quillaia extracts are expensive due to their limited availability which is indigenous to South America. As compared to the price of synthetic alternatives, the cost of using quillaia extracts can lead to a tremendous increase in the final product manufacturers using it, thus limiting the consumer database it can cater to. In addition to this, it is also facing tough competition from other naturally occurring alternatives which may offer the same effect at relatively lower prices.
Increasing investment toward new production techniques to provide higher growth opportunities
As the demand in the global quillaia extracts market has surged in the last few years, the industry players are now focusing on the development of new and more efficient production techniques to extract larger quantities of quillaia extract. Furthermore, the search for other areas that produce the Quillaja Saponaria is also on the rise which could lead to a higher production rate during the forecast period. As the F&B sector continues to grow and produce items in the premium range as well, the use of quillaia extracts is likely to boost.
Price volatility to pose a major threat
Currently, the production of the extracts is limited to one region and hence the price associated with quillaia extracts is highly volatile. It is highly dependent on the smooth functioning of the supply chain and any impact on the process can directly affect the final price of the product along with the quantity being traded. The high reliance on one particular region for the extracts may not be a viable option as the industry players plan to survive in the long run.
The global quillaia extracts market is segmented based on form, product type, end-use, function, and region.
Based on Form, the global market segments are powder and liquid. In 2022, the industry witnessed the highest growth in the liquid segment due to the high use of the product in the F&B market which mainly uses liquid Quillaia extract as a natural and organic foaming agent and an emulsifier in several types of beverages. However, the powder form is more commonly used in the cosmetic sector where the application lies in the production of shampoos, body washes, and other products. Liquid extracts are easier to handle and mix well with other ingredients but they have a shorter shelf life. Alternatively, power forms have a higher shelf life and are easier to transport. As per estimates, the average cost of 100 grams of Quillaia extract ranges from around USD 10 to 30.
Based on Product Type, the global quillaia extracts industry segments are extract type 2, extract type 1, and purified.
Based on End Use, the global market segments are agriculture, food & beverage, personal care & cosmetics, pharmaceutical, and others. The market witnessed the highest growth in the food & beverages sector due to the high application of the extract in the production of several types of beverages. As the world population continues to rise, the F&B industry is expected to reach new sales revenue records in the coming years. With the increasing number of product innovations and surging number of new product launches in terms of beverages, the demand for quillaia extracts may also grow simultaneously. Another significant contributor in the industry is the cosmetics segment which has more application for the powder form of the extract. As per L'Oreal's financial report for 2020, the company generated a revenue of USD 33.12 billion in 2020.
Based on Function, the global quillaia extracts market segments are foaming agents, emulsifying agents, flavoring agents, and others.
Report Attributes | Report Details |
---|---|
Report Name | Quillaia Extracts Market |
Market Size in 2024 | USD 1011.24 Million |
Market Forecast in 2034 | USD 1810.98 Million |
Growth Rate | CAGR of 6% |
Number of Pages | 213 |
Key Companies Covered | 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., and others. |
Segments Covered | By Application, By Product type, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America to witness the highest growth
The global quillaia extracts market is expected to witness the highest growth in North America owing to the growing application of the product in the regional industries of food and beverages, personal care, and pharmaceutical. The US may lead with the highest growth rate. The food and beverage industry is the major end-user of Quillaia extracts in this region which is currently witnessing a surge in demand for organic food items as consumer awareness grows. Furthermore, the government is promoting sustainable agricultural practices which could lead to more production of organic and natural food items thus reinforcing more demand for quillaia extracts. In Europe, the growth may be a result of higher use of the product in the expanding personal care and cosmetic industry. Europe is home to some of the largest cosmetic giants that have a presence across the globe and are consistently investing in product redevelopment.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the quillaia extracts market on a global and regional basis.
The global quillaia extracts market is dominated by players like:
The global quillaia extracts market is segmented as follows;
By Application
By Product type
By Region
FrequentlyAsked Questions
Quillaia extracts are extracted from the inner bark of a tree called Quillaja Saponaria which is mostly found in the South American region.
The global quillaia extracts market is expected to grow due to increasing consumer preference for natural and plant-based ingredients, particularly its use as a natural foaming and emulsifying agent in the food and beverage industry, and growing applications in pharmaceuticals and cosmetics.
According to a study, the global quillaia extracts market size was worth around USD 1011.24 Million in 2024 and is expected to reach USD 1810.98 Million by 2034.
The global quillaia extracts market is expected to grow at a CAGR of 6% during the forecast period.
The global quillaia extracts market is expected to witness the highest growth in North America owing to the growing application of the product in the regional industries of food and beverages, personal care, and pharmaceutical.
Leading players in the global quillaia extracts market include 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., among others.
The report explores crucial aspects of the quillaia extracts market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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