What is the global market size of Quillaia Extracts Market?

Global Quillaia Extracts Market size was valued at USD 851.47 million in 2021 and is poised to grow from USD 900 million in 2022 to USD 1400 million by 2030, growing at a CAGR of 5.7% in the forecast period (2023-2030).

Quillaia Extracts Market Size, Share, Growth Analysis, By Type(Type 1, Type 2), By Form(Powder Form, Liquid Form), By Function(Emulsifying Agent, Foaming Agent, Flavouring Agent, Others), By Application(Food and Beverage, Pharmaceutical, Personal Care and Cosmetics, Others), By Sales Channel(Offline, Online), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30I2371 | Region: Global | Published Date: June, 2024
Pages: 198 | Tables: 143 | Figures: 70

Quillaia Extracts Market News

In October 2023, SPI Pharma, Inc. (SPI) and Q-Vant Biosciences, Inc. (Q-Vant) partnered to leverage Q-Vant's leadership in unique, sustainable saponin extraction technology with SPI's global pharmaceutical reach and expertise in servicing the industry. Q-Vant has over a decade of saponin purification and sustainable Quillaja sourcing experience, combined with installed sustainable and scalable biomass technology as well as significant investments in high-density plantations, cell culture technology and greenhouses.
In August 2023, Botanical Solution Inc. (BSI), the multiple award-winning innovators of sustainable, highly consistent and cost effective Advanced Botanical Materials (ABM), secured an additional $7 million investment. ABM-01 is the first ABM produced by the company, based on a plant called Quillaja saponaria.
In May 2023, Croda Pharma entered a strategic collaboration deal with Botanical Solution Inc (BSI) to expedite the production of sustainable pharmaceutical-grade vaccine adjuvant QS-21. Croda Pharma and BSI will share their knowledge to bring QS-21 to market from quillaja Saponaria plant cell culture, which is made from the soap bark tree.

Quillaia Extracts Market Report Snapshots

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Quillaia Extracts Market size was valued at USD 900 million in 2022 and is poised to grow from USD 951.30 million in 2023 to USD 1482.44 million by 2031, growing at a CAGR of 5.7% in the forecast period (2024-2031).

The competitive panorama inside the quillaia extracts market is characterized by using a numerous range of companies vying for market proportion. These organizations are strategically targeted on expanding their product portfolios, improving the great in their quillaia extracts, and meeting the rising call for herbal food additives. 'Garuda International, Inc. (US)', 'Naturex S.A (France)', 'Ingredion. (US)', 'Desert King (US)', 'Baja Yucca Company (US)', 'Quillaja Green Biosolutions (Chile)', 'Celtic Sea Minerals LTD. (Ireland)', 'Maxicrop USA, Inc. (US)', 'Valagro (India)', 'Humates And Seaweeds Pvt Ltd (India)', 'Highmark Health (Allegheny)', 'Sar Agrochemicals & Fertilizers Pvt. Ltd (India)'

One widespread driver for the quillaia extracts marketplace is the growing call for natural substances in the food and beverage industry. As customers come to be extra health-conscious and are searching for purifier label merchandise, quillaia extracts, derived from the Chilean soapbark tree, offer a herbal and plant-primarily based solution for emulsification and foaming in diverse food and beverage packages.

Rising Demand for Clean Label Products: A big marketplace trend within the quillaia extracts enterprise is the growing call for smooth label merchandise. Consumers are looking for transparency in food labeling and are more inclined toward merchandise with natural and recognizable components. This fashion has brought about a growing preference for quillaia extracts, as they may be derived from herbal assets, aligning with the clean label movement and using their incorporation into a wide variety of food and beverage products.

North America stands out as the dominating region in the quillaia extracts marketplace. This dominance is in the main due to the place's well-mounted food and beverage industry, wherein the call for natural and easy label elements has been continuously excessive. Additionally, stringent food rules and purchaser cognizance concerning ingredient transparency have similarly propelled the use of quillaia extracts in North America.

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