Global
Quillaia Extracts Market: Overview
With
increasing trend towards naturally and organically derived
ingredients, plant extracts have gained significant importance in the
recent times. Quillaia extracts are derived from aqueous derivation
or chromatographic separation of milled inner bark, branches of
Quillaia Monlia or from the woods of pruned stems. With the advent of
evolution in the food & beverage industry, there is the enormous
inclination among manufacturers towards the extracts derived from
natural source. Thus naturally derived quillaia
extracts market
is expected to record significant growth in the recent times. Due to
their foaming and emulsifying properties, their primary application
is found in food & beverages and cosmetics industry. Quillaia
extracts are also significantly used in fragrance and flavours
industry for the enhancement of flavours as well as in healthcare
sector owing to their prominent health benefits.
Global
Quillaia Extracts Market: Drivers and Restraints
With
FDA approval to the quillaia extracts in the food & beverage
industry, the market for quillaia is expected to record upwelling
growth in the forthcoming years. Quillaia extracts market offers a
broad array of application due to its peculiar properties such as
stabiliser, foaming agent, emulsifier and flavouring agent. Moreover,
quillaia extracts also finds its application in the treatment of
bronchitis, skin allergies among others. Quillaia extracts also
contribute significantly in the personal care industry, as it
encourages hair growth and find its use in hair tonic preparations
significantly contributing towards growth of global quillaia extracts
market. Moreover, adoption of versatile use of extracts among the
manufacturers, provides an opportunistic platform for the
manufacturers to invest in the growth of the quillaia extracts
market.
However,
certain constitutes of quillaia extract have harmful health effects,
which may lower the blood calcium level leading to kidney stones.
Quillaia extracts are also poorly absorbed when administered orally
resulting in serious health consequences. This might restrict the
adoption of quillaia extract, thus, hampering the growth of quillaia
extracts market. As quillaia extracts market is still in an emerging
phase, deficient knowledge among the consumers regarding its
applicability may encumber the growth of quillaia extracts market.
Global
Quillaia Extracts Market: Segmentation
On
the basis of active compounds, quillaia extracts market is segmented
into:-
- Saponins
- Tannins
- Polyphenols
- Calcium Oxalate
On
the basis of form, quillaia extracts market is segmented into:-
- Powder
- Liquid
On
the basis of end -use, quillaia extracts market is segmented into:-
- Food & Beverage
- Personal Care
- Pharmaceutical
Global
Quillaia Extracts Market: Region wise Outlook
The
global quillaia extracts market is categorised into seven regions,
namely, Western Europe, Eastern Europe Middle East and Africa (MEA),
Asia Pacific excluding Japan (APEJ), , Japan Latin America and, North
America. Europe accounts for major share of quillaia extracts market.
As manufacturers seek for natural ingredients offerings in their
products, due to increase inclination of consumers towards products
made from natural ingredients. North America accounts for significant
share in the global quillaia extracts market. In Asia Pacific region,
India and China are considered to be opportunistic markets for
quillaia extracts due to increase in preference of the consumers
towards naturally or organically-derived products. As quillaia
extracts are approved for human consumption in Japan, its growth is
expected to further escalate during the forecast period in this
region.
Global
Quillaia Extracts Market: Key Players
Some
of the prominent players identified in the global quillaia extracts
market includes:
- Garuda International, Inc.
- Naturex S.A
- Ingredion International
- Stan Chem International Ltd
- Desert King International
- Baja Yucca Company
- Chile Botanics S.A
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