The latest market report published by Credence Research, Inc. “ Quillaia Extract Market , By Application – Growth, Future Prospects and Competitive Analysis, 2016 – 2024,“ the global Quillaia Extract was valued at US $ 1,569.9 Mn in 2015, and is expected to each US $ 2,426.0.0 Mn by 2024, expanding at a CAGR of 5.1% from 2016 to 2024.
Browse the full Quillaia Extract Market – Growth, Future Prospects and Competitive Analysis, 2016 – 2024 report at http://www.credenceresearch.com/report/quillaia-extract-market
Market Insights
There has been an increasing inclination of food and beverage manufacturers to develop natural ingredients. These are due to factors in which the products are consumed, and which are the products of consumer goods.
Development of specialty ingredients among food and beverage manufacturers, especially for natural foaming and emulsifying ingredients in beverages is a key trend bolstering quillaia extract market growth. Benefits associated with quillaia extract include approval as food grade surfactant, natural ingredient for vegetable oils of fat saponification, natural non-ionic surfactants and others. So, quillaia extract when used in powdered form does not impart taste or color upon addition to a food or beverage. Thus, there has been an upsurge among food and beverage manufacturers to opt for quillaia extract as a foaming agent in recent years. Demand is further anticipated to remain significant during the forecast period.
Some of the factors driving the quillaia extract process include the development of various pharmaceuticals and pharmaceuticals in Quillaia extract and development by quillaia manufacturers to provide better quality formulas.
In 2015, Europe dominated the market in terms of revenue share, followed by North America and Asia Pacific. North America accounted for around 30% of the overall Quillaia Extract market. CAGR over the forecast period. Factors fuelling the Europe quillaia extract market growth company development sustainable solutions, strategic alliances between players across the value chain, exploring opportunities for quillaia extracts for pharmaceuticals and others.
Companies engaged in the manufacturing of Quillaia Extract are not developing their own technologies. Some of the prominent players identified in the Quillaia Extract market include Naturex SA, Ingredion Incorporated, Garuda International, Inc. and others.
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