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 &