Quillaja Extract Market Outlook 2021 Pricing Strategy, Industry Latest News, Top Company Analysis, Research Report Analysis and Share by Forecast 2031

 As per a report by ESOMAR-certified consulting firm Future Market Insights (FMI), the quillaia extract market grew at a CAGR of 3.3% between 2016 and 2020, underpinned by the surging demand for pet food with immunity boosting ingredients.

Demand for nutritional and plant-based ingredients in pet food from the pet owners is pushing the production adoption of quillaia extract, widening growth opportunities for the manufacturers. Increasing awareness about the pet’s food safety have increased the consumption of ingredients that boosts the metabolism, such as quillaia extracts. Hence, accelerating the adoption of it in the manufacturing. Emergence of clean label movement and demand for clean label pet food products, especially among dog owners, have propelled the market demand. Quillaia extract being naturally derived from plants, manufacturers have increased the adoption of it in the manufacturing process, necessitating the requirement of clean label product.

Extensive research & development activities for the appropriate usage of ingredients like quillaia extract in pet food is accelerating the demand. With surging initiatives of adopting various dog breeds across U.S., India, France, Spain and UK, the demand for natural ingredient pet food have augmented.

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Thus, facilitating huge customer base to cater the unique breed’s requirement and aiding the increased demand for natural pet food, manufacturers are anticipated to witness lucrative growth opportunities in the upcoming decade.

As per FMI’s analysis, the global quillaia extract market is poised to expand at a CAGR of 4.5% during the forecast period of 2021 and 2031.

“Increasing need for sustainable and economical solutions for power generation within various end-use sectors such as food & beverage, oil & gas and transportation are providing expansion prospects for market players,” says the FMI analyst.

Key Takeaways from FMI’s Quillaia extract Market Study

·  In terms of animal type, dogs segment accounts for a lion’s share of 30.7% in the global quillaia

• extract market
• Dry food products are expected to account for 35% sales of global quillaia market through 2031
• Frozen food are poised to expand at a CAGR of over 5% throughout the forecast period
• Wet food segment is anticipated to emerge as a potential segment during the forecast period
• The U.S. is anticipated to account for over 73% of sales with North America of quillaia extract market
• Mexico’s quillaia extract market is estimated to offer lucrative opportunities for market players, accounting for over 20.4% market share in Latin America
• India will emerge as one of the lucrative market in Asia Pacific, accounting for over 15% of market share
• Spain is anticipated to register sluggish growth for a CAGR of 2.3% during the forecast period
• France is spearheading the growth of Europe’s quillaia extract market, accounting for a share of over 12% in 2021