Demand in Pet Food Coupled with the Clean Label Trend to Influence Growth of Quillaja Extract Market
Demand for cleaner and natural food along with trending “better-for-you” concept has trickled down from owners to their pets. This has resulted in an upswell in demand for immunity boosting pet food. Quillaja extract contains huge concentration of saponins that were being used as adjuvants and act as natural immunity boosters. On the back of its perceived benefits, use of quillaja extract in pet food is expected to bolster the growth of the quillaja extract market worldwide. Moreover, the proliferating clean label trend in the food and beverage industry is also driving the need for clean and natural products such as quillaja extract. Additionally, pet owners’ increasing awareness regarding use of natural ingredients in pet food is likely to further push its demand in pet food preparation. For instance, according to Pet Food Manufacturers Association, over 54% pet owners are inclined towards natural food while being influenced by organic and natural ingredient claims regarding pet food products. Also, increasing adoption of pets on the back of humanization trend is fuelling demand for natural pet food products, which is in turn fuelling growth of quillaja extract market. For example, according to APPA (American Pet Products Association), in 2020, over 70% households have pets and around 35% owners have done increased spending on pets as compared to 2019. This aspect continues to influence the use of quillaja extract in preparing natural, highly nutritious and immunity boosting pet food.
Quillay Tree Gives New Hope to Vaccine Manufacturers – A Key Aspect Driving Quillaja Extract Market Growth
Native to Chile, quillaja saponaria was used in making medicines by Mapuche people. Recently, derived from quillaja saponaria, quillaja extract is used to develop vaccine against shingles and malaria. Owing to its natural immune boosting ability, its use in preparing vaccines is expected to influence its demand. Moreover, pharmaceutical companies were also exploring use of quillaja extract in developing vaccine for COVID 19. For instance, recently, Novavax Inc. has used quillaja extract in preparing COVID 19 vaccine as it boosts immunity system to fight against the virus. In the next two years, by end of 2023, Novavax Inc. has planned to develop billions of COVID 19 vaccine doses, especially for middle and low income countries. Use of quillaja extract in making vaccines continues to provide potential growth avenues, however questions regarding productive plantation of quillay trees and availability of quillaja extract still remains.
Quillaja Extract Considered as GRAS by FDA
Use of quillaja extract across various applications on account of its use as a natural immunity booster and adjuvant is likely to influence the growth of the quillaja extract market worldwide. Supporting its benefits, the FDA (Food and Drug Administration) completed assessment of quillaja extract. This was carried out as various companies filed notice for evaluation of quillaja extract for use as emulsifier in energy drinks, alcoholic beverages, and other confectionaries. For instance, on 25th March 2020, Naturex SA filed a notice for evaluation of its quillaja extract type 2 for its application in alcoholic beverages, chewing gums, mustard, energy drinks, various coffee drinks such as cappuccinos, lattes and mochas, frostings and confectionaries, frozen dairy desserts and soft and hard candies. According to FDA assessment, QET2 (quillaja extract type 2) is considered as GRAS (Generally Recognized as Safe) and is suitable for the aforementioned applications. This is likely to translate into a positive notion amongst manufacturers and consumers alike from consumption and usage standpoints, which is expected to fuel demand for quillaja extract in the coming years.
Quillaja Extract Market Likely to Spearhead in Asia pacific
Quillaja extract market is likely to witness significant growth opportunities in the Asia Pacific region on back of its applications as adjuvant in several industries. Emerging economies in Asia Pacific are considered as hub for various industries such as pharmaceuticals, food and beverages and cosmetics. Use of quillaja extract as a foaming agent, flavoring agent and emulsifying agent has translated into a volley of opportunities in different food products and cosmetic creams. Moreover, being a natural substance, quillaja extract is gaining high traction among consumers who are finicky about using organic natural products. With the ongoing trend of clean label and its use as an immunity booster, the quillaja extract market is likely to grow at a significant pace in Asia Pacific in the coming years.
Quillaja Extract Market Competition Analysis
Few of the key players in the global quillaja extract market include Plantae Labs, Baja Yucca Company, Naturex Group, Ingredion Incorporated and Unicorn colors.
Key Elements Included In The Study: Global Quillaja Extract Market
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