What is Yucca Extract Material?
Yucca Extract Material comes from the Yucca schidigera, which is a flowering plant usually found in the deserts or the dry areas. The fruits, leaves and seeds of this plants are nutritious and thus are consumed along with using them as ingredients of functional foods because of their rich vitamin c and other anti-oxidant nature. They are also said to have excellent natural skin care properties as well as good healing properties which is why it was traditionally applied on the wounds. In modern times Yucca extract is processed for food, cosmetics or pharmaceuticals and for industrial purposes. With Cosmetics and Pharmaceutical market expected to account for a major portion of the market share. North America is expected to emerge as the biggest market of Yucca Extract Material.
The market study is broken down by Type (Medical Grade, Food Grade and Industry Grade), by Application (Functional Food, Pharmaceutical, Dietary Supplements, Personal Care and Others) and major geographies with country level break-up.
The growing demand for plant based or natural ingredient based ingredients for skin care and functional foods has led to growth of the yucca extract material. The market of Yucca extract although is fairly less untapped outside that of north America that is because of less awareness about the presence and benefits of the product composed of yucca extract material outside north America. With growth of E-Commerce, the market of Yucca extract material is expected to grow further. Currently, North America is clearly the biggest market of Yucca extract material. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Naturex Group (France), Baja Yucca Company (United States), Ultra Bio-Logics Inc. (Canada), Nature LLC (United States), Desert King International (United States), Nova Microbials (United States), American Extracts (United States), Avitech Nutrition Pvt. Ltd. (India), Garuda International, Inc. (United States) and Plamed Group (China) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Yucca Extract Material market by Type, Application and Region.
On the basis of geography, the market of Yucca Extract Material has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Yucca Extract Material market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In 2018, Givaudan, a Swiss multinational company which manufacturers flavours, fragrances and active cosmetic ingredients has announced acquisition of French botanical company Naturex. The Naturex is known to produce plant based extract materials including Yucca Extract Material which it sells for various applications such as flavoring, coloring, or preservative purposes. The acquisition is said to complement Givaudan’s strategic aim of expanding further in natural solutions based food and beverages space.
Market Trend
- Personal Care and Pharmaceuticals Account for a Significant Portion of the Market Share
Market Drivers
- Increasing Demand for Plant based Skincare
- Growth of End User Industries
Opportunities
- Functional Foods is Rising in Popularity thus is an Exciting Segment to Grow
Restraints
- Less Awareness about the Presence of the Product
Challenges
- Presence of Adulterated Products in the Market
Key Target Audience
Yucca Extract Material Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.