Quillaja Extract Market 2021 Outlook, Current and Future Industry Landscape Analysis 2031

Future Market Insights’ (FMI’s) study has projected the quillaia extract market to reach a valuation of 11.9 Mn in 2021. Rising focus on including natural ingredients in pet food will create opportunities for growth between 2021 and 2031.

The global pet population is rising drastically year on year. According to the Pet Food Manufacturers Association (PFMA), more than 20% of all families in the United States became pet owner in Europe during the COVID-19 crisis.

Increasing pet population is elevating the demand for pet food. Therefore, the growth in global pet population will fuel the demand for quillaia extract for application in pet food over the forecast period.

Consumers are becoming increasingly conscious about sources and quality of animal food products. Subsequently, use of quillaia extract in pet food applications is showing persistent growth.

Strengthening partnerships in high growth regions, product innovation due to increasing consumer demand for healthy, and the demand for nutritious food items for pets are factors boosting demand.

For more insights into the market, request a sample of this report@https://www.futuremarketinsights.com/reports/sample/rep-gb-3822

Consumers are ready to pay a high amount for safe, organic, natural, innovative, and premium food ingredients. As of 2020, approximately 35% of the global population lives in urban areas, and this number is expected to cross 65% of the global population by 2050.

Owing to better employment prospects, migration of working populations to tier-I cities is further expected to bolster urbanization trends across the globe. Urbanization drives changes in individual lifestyles and influences the perspective of pet parenting.

quillaja extract market regional plc positions and notable trends 2021

Quillaja Extract in Pet Food Application Market by category:

By Animal Type

  • Cat
  • Dog
  • Birds
  • Horse
  • Rabbits

By Product Type

  • Wet Food
  • Dry Food
  • Treats and Chews
  • Frozen

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific

For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-3822

Key Questions from Report

  • Which is the most lucrative market for quillaja extract?

    The U.S. has emerged as the most lucrative market for quillaja. It accounts for above 73% of sales registered in North America.

  • Which animal type is showing higher consumption of quillaja?

    While dogs account for 30% of the global market demand in 2021, applications in bird food reflect above average growth with a CAGR of almost 6% reaching 10% market share by the end of 2031.

  • Which is the top-selling quillaja type?

    Dry food products have the highest market share reflecting 30% of the global revenue. This can be attributed to health-conscious pet owners and the demand for supplements to enhance performance and endurance.

  • Which are some of the leading companies offering quillaja extract in pet food application products?

    Some of the leading companies offering are Baja Yucca Company, Plantae Labs, Naturex Group, A & Z Group Co. Ltd, Vyomchem Specialities, Unicorn Colors, Desert King. Garuda International Inc., Ingredion Incorporated, Shaanxi Pioneer Biotech Co., Ltd., and others. With the presence of numerous regional players, the market is fairly fragmented.

Posted on

Leave a Reply

Your email address will not be published. Required fields are marked *