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It is expected to grow at a CAGR of 4.5 percent between 2021 and 2031
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The UAE’s pet-food market is set to grow by a CAGR of 5.8 percent between 2020 and 2025 to around $78 million
United Arab Emirates-based market intelligence firm Future Market Insights has said in a report that the global market for pet foods with extract from the quillaia plant is expected to grow further, having expanded at a compounded annual growth rate of 3.3 percent between 2016 and 2020.
The UAE’s pet-food market itself is set to grow by a CAGR of 5.8 percent between 2020 and 2025 to around $78 million, according to a study by US-based market research firm IMARC Group.
A statement on the FMI report said demand for nutritional and plant-based ingredients in pet food is pushing the production adoption of quillaia extract, widening growth opportunities for the manufacturers.
Increasing awareness about pets’ food safety has increased the consumption of ingredients that boosts the metabolism, such as quillaia extracts, it said, accelerating the adoption of it in the manufacturing.
Emergence of the clean-label movement and demand for clean-label pet food products, especially among dog owners, have propelled market demand. Quillaia extract being naturally derived from plants, manufacturers have increased its adoption, said the FMI report.
As per FMI’s analysis, the global quillaia extract market is poised to expand at a CAGR of 4.5 percent during the forecast period of 2021 and 2031.