Persistence Market Research
Yucca schidigera, is an ever green flowering tree that is native to Latin America and North America. It is also known as Mojave yucca or Spanish dagger. Every part of the tree is useful and utilized in various applications. Yucca schidigera is used a cleansing agent, and in food application since history. However, with increasing research activities related to yucca schidigera extract it has been proven as effective anti-inflammatory, antioxidant, antilipemic, and antiviral agent. Thus, market demand from pharmaceutical industry is higher.
Yucca schidigera extract’s various application and growing demand from various industrial markets segments is expected to drive growth of global yucca schidigera market over the forecast period.
Yucca Schidigera Extract Market Segmentation:
Yucca Schidigera extract market is segmented on the basis of its applications into different industries which includes cosmetics, food and beverages, feed industries and, others. Yucca extract raw material is a natural foaming agent and also known as mild surfactant, thus used as important ingredient in shampoo and soap manufacturing. Thus market demand from natural cosmetics markets segment is higher. Yucca schidigera extract powder can be used in the preparation of foaming beverages such as root beer, carbonated foamy drinks and low-alcohol or no-alcohol beer. Thus possess significant market demand from food and beverage industry.
Other applications of yucca schidigera extract are in supplement products. Yucca root extract is safe for animal consumption and thus used in pet food industry.
Yucca schidigera extract market is further segmented on the basis of extract type as root extract, leaf/stem extract and flower extract. Yucca schidigera root extract is mainly used in animal feed application markets segment. It also founds applications into pet deodorizers and dietry supplements.
Yucca Schidigera extract market is further segmented on basis of regions as North America, Latin America, Middle East & Africa, Japan, Eastern Europe, Western Europe and Asia pacific excluding Japan. In Latin America regional market Mexico is major producer and exporter market of yucca schidigera. Asia Pacific and Japan are major importer. Increasing number of health conscious consumers in developing regions such as Asia Pacific are seeking natural ingredient based product, thus Asia Pacific expected to emerge as potential regional market in global yucca schidigera extract market.
Yucca Schidigera Extract Market Drivers:
Yucca schidigera extract for human consumption has proven helpful in reduction of arthritis, trans fat digestion, reduction of carpal tunnel syndrome, cholesterol reduction, used as a shampoo to stop hair loss and restore hair growth, helps people to stop smoking, detoxifies the intestinal track. Thus market demand from human consumption and pharmaceutical market segment is expected to increase significantly. Increasing demand from natural and organic personal care product is another factor driving market demand for yucca schidigera extract from cosmetics market segment. Increasing pet care industry and application in poultry feed is another factor expected to fuel market growth over the forecast period. Also increasing demand from dietary supplement.
Increasing uses in waste treatments and growing demand from beverage markets are another factors fueling market demand for yucca schidigera market. In the beverage industry Yucca extract is used to prepare non-alcoholic frozen carbonated beverages, root beer, slush products, foamy cocktail mixes, beer, juice & wine coolers, thus growth of the natural beverages market is expected to drive demand for yucca extract in global market place over the forecast period.
Yucca Schidigera Extract Market Key Players:
Few player operating in global Yucca Schidigera market include Naturex Group, Grau Aromatics GmbH & Co. KG, Hawaii Pharma Llc, Baja Agro International S.A. de C.V, Ultra Bio-Logics Inc.,Herb Pharm, Easy Grow Ltd., Bio-Botanica, Inc.,T&J Enterprises. Increasing market demand for Yucca Schidigera extract from applications is encouraging market players to enter in global Yucca Schidigera market to grab market opportunity and value share.
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