Market Trends of Quillaia Extract Industry
This section covers the major market trends shaping the Quillaia Extract Market according to our research experts:
Role of Specialty Food Ingredients in Processed Food Industry
Quillaia has a wide range of industrial applications. The interest in these compounds has increased significantly in recent years as they can be used as foaming agents in beverages and emulsifiers in foods. Moreover, their applications in cholesterol-reduction and flavor enhancement, along with the rising preference for better-for-you foods, have brought specialty ingredients to center stage. This is increasing the application of quillaia extracts, as they are being increasingly customized to cater to wider functionalities and broader applications in the processed food industry. The industry for quillaia extracts essentially thrives on the broader technological and functional benefits of these ingredients in terms of high quality, safety, affordability, nutrition, and deliciousness of processed food products. Processed food products include various categories, particularly alcohol and non-alcoholic beverages. Specialty food ingredients are a vital part of a wide range of processed foods, thereby contributing to competitiveness in the food & beverage industry.
North America is the Largest Market
North America is the largest market, mainly owing to the preference for certain food products, which have become core to some consumers' identities. There is a strong correlation between the specialty food ingredient market and the processed food market, with the former conferring functional benefits and customized value addition per end-user applications. American consumers are more aware of label claims, ingredient lists, and products' nutrition profiles. On the other hand, consumers are participating proactively to enhance health and fitness in everyday life. This trend has been driving the demand for specialty food ingredients, including Quillaia extracts.
Products delivering distinct organoleptic traits and cleaner ingredients witnessed wider reach and greater availability. Categories, such as plant-based, vegetarian, gluten-free, non-GMO, and convenient foods, also penetrated significantly in the country. The thrust toward new product development in the food and beverage and pharmaceutical industries prompted the extensive utilization of specialty ingredients, including Quillaia extracts, which offer health, nutritional, and technological functions.
