Yucca Extract Material Market

Yucca Extract Material Market Size, Share, Growth (2023-2028)

Yucca Extract Material Market size was valued at USD 90.4 million in 2022. The Yucca Extract Material market share value is expected to grow at a CAGR of 5.8% during the forecast period 2023-2028 to reach USD 126.7 million by 2028. 

Yucca Extract Material Market Overview

Yuccas are a common type of garden plant known for their pointed leaves. There are various species of yucca, and their fruits, seeds, and flowers are commonly consumed. Extracts derived from the roots and leaves of the yucca shrub offer numerous health benefits and are frequently used for medicinal purposes. You can integrate different parts of the yucca plant into your diet or apply them topically to address skin issues and wounds. Additionally, yucca is commonly taken in supplement form. Yucca extract materials are highly valued in the pharmaceutical industry due to their antiprotozoal and antifungal properties, as well as their hormone-stimulating effects. Native Americans have a long history of using yucca to alleviate arthritis symptoms, and today, yucca supplements, often in tablet form, are frequently consumed for the same purpose, thanks to yucca's anti-inflammatory properties that help alleviate pain.

Yucca Extract Material Market Drivers

The Yucca Extract Material market is primarily driven by the versatile properties of yucca schidigera extract, encompassing anti-inflammatory, antimicrobial, antifungal, and antioxidant attributes. These characteristics position it as a valuable ingredient across multiple sectors. In the personal care industry, Yucca Schidigera Plant Extract finds extensive use due to its anti-inflammatory properties, capacity to create foam, and soothing effects on the skin. It is incorporated into shampoos, body cleansers, and various cosmetic applications. The global yucca schidigera plant extract market is expected to expand due to the growing demand for natural ingredients in cosmetics and personal care items.

Furthermore, the functional food and beverage industry is anticipated to be a major consumer of yucca schidigera plant extract, driven by increasing consumer health consciousness. In the industrial sector, Yucca Schidigera Plant Extract is a natural deodorizer and foaming agent in diverse manufacturing processes. The pharmaceutical industry also benefits from Yucca Schidigera Plant Extract, leveraging its potential therapeutic properties, including its anti-arthritic and anti-inflammatory effects.

Yucca Extract Material Market Restraints

The Yucca Extract Material Market faces several restraints to its growth. Key challenges in the Yucca Extract Material Market include stringent regulations governing the usage and processing of plant extracts. Additionally, the extraction process for Yucca extract can be intricate and costly, which impacts the overall production expenses. Moreover, the limited availability of Yucca Schidigera plants poses a challenge.Another obstacle is the competition from synthetic alternatives. Yucca extract faces rivalry from synthetic additives and ingredients, which are often more cost-effective and readily accessible. This competitive landscape can present difficulties, especially in price-sensitive markets, and may constrain the growth potential, particularly for smaller-scale manufacturers.

Yucca Extract Material Market Opportunities

The Yucca Extract Material Market holds significant untapped opportunities, driven by the growing demand for natural and sustainable ingredients. Consumer preferences are shifting towards natural alternatives over synthetic additives and ingredients across various industries. Particularly in the cosmetic sector, the beneficial properties of yucca make it an appealing choice for skincare products. Emerging economies, marked by increasing disposable incomes and evolving consumer tastes, represent a lucrative market for Yucca extract material. Manufacturers can capitalize on these opportunities by highlighting their products' natural and sustainable attributes. Additionally, continuous research and development endeavors aimed at enhancing the efficiency and efficacy of Yucca extract material can open up new avenues for industry players. The creation of novel applications and formulations further contributes to the expansion of the yucca extract material market demand.

COVID-19 Impact on the Yucca Extract Material Market:

The COVID-19 pandemic has exerted both favorable and adverse effects on the Yucca extract material market. Globally, businesses spanning various industries encountered notable disruptions as governments enforced lockdown measures to curb the disease's spread. This upheaval further affected the global supply of yucca extract material due to shortages in raw materials and supply chain disruptions caused by import and export restrictions imposed by various countries.On the other hand, the food and beverage sector witnessed a significant upswing in demand during and post-pandemic times. This surge was fueled by heightened consumer interest in natural and organic food supplements. The pandemic-induced focus on health and wellness has resulted in an increased desire for natural and plant-based ingredients such as yucca extract.

Key developments in the market:

In Jan 2020, Naturex achieved the Self-Affirmed GRAS (Generally Recognized as Safe) designation for Turmipure Gold, its highly bioavailable natural turmeric extract. The GRAS status aligns with the United States Food and Drug Administration (USFDA) standards and signifies the acceptance of this ingredient for use in food and beverage products.

Yucca Extract Material Market Segmentation

By Type

• Medical Grade

• Food Grade

• Industry Grade

Based on type, the medical grade segment dominated the Yucca Extract Material market in 2022. The dominant segment in this context is the medical grade segment, primarily owing to the numerous health benefits associated with yucca extract. Medical grade yucca extract is a natural product derived from the root of the Yucca brevifolia plant and has a history of traditional medicinal use for various conditions, including its antibacterial and antifungal properties. Yucca is utilized by individuals for addressing health issues such as osteoarthritis, high blood pressure, joint pain, migraine headaches, diabetes, and a range of other conditions.

On the other hand, the food-grade segment is expected to maintain a steady growth rate. This is attributed to the use of food-grade yucca extract as an additive in food products, primarily to enhance flavor and texture.

By Application

• Functional Food

• Pharmaceutical

• Dietary Supplements

• Personal Care

• Industrial

Based on the application, the pharmaceutical segment is expected to dominate the Yucca Extract Material Market during the forecast period. The pharmaceutical sector is poised for substantial growth during the forecast period, driven by the therapeutic potential of yucca extract materials. These materials are known for their anti-inflammatory and anti-arthritic effects, containing various physiologically active phytochemicals. They are notably rich in saponins, which exhibit diverse biological effects, including anti-protozoal properties. Yucca extracts also contain phenols, serving as effective free radical scavengers and antioxidants that help mitigate reactive oxygen species.

Furthermore, following the pharmaceutical industry, the functional food sector is gaining significant popularity among consumers, primarily due to its manifold health benefits. Yucca Schidigera plant extract emerges as a key ingredient in formulating functional foods, owing to its wide-ranging health advantages. These include cholesterol level reduction, blood pressure control, and immune system enhancement. Additionally, yucca schidigera plant extract proves effective in addressing digestive disorders like constipation, diarrhea, and indigestion.

Yucca Extract Material Market Regional Analysis:

• Asia Pacific

• Europe

• Middle East and Africa

• North America

• Latin America

Based on region, North America is poised to claim a substantial share in the Yucca Extract Material Market. The region's market growth is significantly propelled by the increasing awareness surrounding the diverse health benefits associated with health supplements derived from yucca extract materials. Additionally, the rising utilization of yucca extract materials in the formulation of cosmetic and personal care products, such as shampoos, lotions, and creams, due to their soothing and cleansing properties, further contributes to market expansion in North America.

Furthermore, the European yucca extract material market is leading with the largest shares of the market next to North America. Particularly in the United Kingdom, yucca extract is produced on a large scale and exported to other nations. The UK stands out as one of the prominent global manufacturers and consumers of yucca extracts, holding a substantial portion of the industry. The nation is well-equipped to meet the growing demand for yucca extract owing to its robust manufacturing infrastructure and skilled workforce.

In the Asia Pacific, several factors contribute to the growth of the yucca extract market. A key driver is the escalating demand for natural ingredients in the cosmetics and personal care industry. Yucca extract, known for its natural cleansing and conditioning properties, is rapidly gaining popularity in countries like China, Japan, and Korea.

Yucca Extract Material Market Key Players

1. NATUREX SA

2. Baja Yucca Company

3. Avitech Nutrition Pvt. Ltd.

4. Garuda International, Inc.

5. American Extracts

6. Desert King International

7. Ingredients By Nature

8. Others