Global Basil Extract Market Overview 2023-2028
The global basil extract market size reached US$ 1.18 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.71 Billion by 2028, exhibiting a growth rate (CAGR) of 6.25% during 2023-2028.
Basil extract, sourced from the leaves of the Ocimum basilicum plant, is a natural substance. The extraction process carefully captures essential oils, antioxidants, and other bioactive compounds found in basil leaves. This extract possesses a unique aroma, flavor, and potential health benefits. Highly valued in cooking for its ability to enhance taste and fragrance in dishes, it is also recognized for its potential to promote skin health and appeal to environmentally conscious consumers. Notably, it offers antioxidant and anti-inflammatory properties, aiding in combatting oxidative stress, supporting cellular health, and potentially improving overall well-being. Additionally, it may stimulate the production of digestive enzymes, benefiting food breakdown and digestive health. Basil extract has the potential to boost the immune system, reduce inflammation, and lower the risk of chronic diseases. Moreover, it plays a role in regulating blood pressure, promoting healthy circulation, and supporting heart health. The increasing use of basil extract in dietary supplements and functional foods is driving its demand worldwide.
Global Basil Extract Market Trends and Drivers:
Currently, the burgeoning utilization of basil extracts in global pizzas and pasta is a major factor fueling market growth. Furthermore, the increasing global inclination toward traditional remedies for clearer airways is contributing to a favorable market outlook. Additionally, the rising preference for natural remedies and a holistic approach to well-being among individuals is driving market expansion. Moreover, the escalating demand for basil extracts to alleviate stress and anxiety, promoting relaxation on a global scale, is bolstering market growth. This, coupled with the growing consumption of basil extracts due to their support for joint health and mild joint discomfort relief, is fostering market growth. Additionally, the surging demand for botanical-infused cosmetics with minimal chemicals and reduced side effects is exerting a positive influence on the market. Furthermore, the growing adoption of natural products that soothe irritated skin and enhance complexion health presents lucrative growth prospects for industry investors. Correspondingly, the increasing integration of basil extracts in various essential oils for aromatherapy to induce a sense of calm and uplift mood is driving market growth. Moreover, the rising desire for basil-infused sauces, dressings, and beverages to appeal to health-conscious consumers is further propelling market expansion.
Global Basil Extract Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Amoretti, International Flavors & Fragrances Inc, Kefiplant, NOW Foods, Plant Extracts International Inc., Synthite Industries Ltd, Vidya Herbs Pvt. Ltd, etc.
The report segmented the market on the basis of region, type and application.
Breakup by Type:
- Powder
- Capsule
- Oil
Breakup by Application:
- Food and Beverages
- Pharmaceuticals
- Personal Care
Breakup by Region:
- North America
- United States
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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