Quillaia Extracts Market Size, Share, Trends, Growth 2030

Quillaia Extracts Industry Prospective:

The global quillaia extracts market size was worth around USD 900 Million in 2022 and is predicted to grow to around USD  1400 Million by 2030 with a compound annual growth rate (CAGR) of roughly 5.7% between 2023 and 2030.

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.

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Quillaia Extracts Market: Overview

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.

Key Insights: 

• As per the analysis shared by our research analyst, the global quillaia extracts market is estimated to grow annually at a CAGR of around 5.7% over the forecast period (2023-2030)
• In terms of revenue, the global quillaia market size was valued at around USD 0.9 billion in 2022 and is projected to reach USD 1.4 billion, by 2030.
• The quillaia extracts market is projected to grow at a significant rate due to the growing demand for natural food ingredients
• Based on form segmentation, the liquid was predicted to show maximum market share in the ear 2022
• Based on end use segmentation, food & beverage was the leading use n 2022
• On the basis of region, North America was the leading revenue generator in 2022

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Quillaia Extracts Market: Growth Drivers

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.

Quillaia Extracts Market: Restraints

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.

Quillaia Extracts Market: Opportunities

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.

Quillaia Extracts Market: Challenges

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.

Quillaia Extracts Market: Segmentation

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.

Recent Developments:

• In January 2022, Q-VANT Biosciences became the first company to achieve a landmark 100% sustainable method for the development of Quillaja saponin-based adjuvants which also includes QS-21. It is a vaccine that is considered the ‘Gold Standard’ for all adjuvants that are used to improve immunity against vaccine antigens
• In October 2021, Reuters reported that two saponin molecules, derived from the Quillaja Saponaria in Chile, were being used for the development of a vaccine against Covid-19, the vaccines were being developed by Novavax Inc. The company is expected to push out millions of vaccines over the next two years targeting middle to low-income countries

Quillaia Extracts Market: Report Scope

Quillaia Extracts Market: Regional Analysis

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.

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Quillaia Extracts Market: Competitive Analysis

The global quillaia extracts market is led by players like:

• Baja Agro International Pty Ltd.
• Naturex SA
• Synthite Industries Ltd.
• Ingredion Incorporated
• Jiaherb Inc.
• Kao Corporation
• Sabinsa Corporation
• Nexira
• Nexis Srl
• Garuda International Inc.
• CIM Bioengineering Inc.
• Hainan Nicepal Industry Co. Ltd.
• Marigot Ltd.
• Monteloeder S.L.
• Indena S.p.A.
• Afriplex Pty Ltd.
• Ametis JSC
• Martin Bauer Group
• JF Natural
• Skyherb Technologies Co. Ltd.
• Biospringer
• Shaanxi Pioneer Biotech Co. Ltd.
• Parchem fine & specialty chemicals
• Taiyo International Inc.
• Nutra Canada.

The global quillaia extracts market is segmented as follows:

By Form

• Powder
• Liquid

By Product Type

• Extract Type 2
• Extract Type 1
• Purified

By End Use

• Agriculture
• Food & Beverage
• Personal Care & Cosmetics
• Pharmaceutical
• Others

By Function

• Foaming Agent
• Emulsifying Agent
• Flavoring Agent
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa