Global Basil Extract Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Basil extract Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Basil extract market report, size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
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 is a natural substance that is derived from the leaves of the basil plant, scientifically known as Ocimum basilicum. It is obtained through a detailed process that captures the essential oils, antioxidants, and other bioactive compounds present in basil leaves. It has a distinct aroma, flavor, and potential health-enhancing attributes. It is a favored ingredient in cooking that adds a unique taste and fragrance to dishes, elevating flavors, and enhancing the overall dining experience. It has skin-soothing properties and an environmentally conscious appeal that attracts environmentally-conscious consumers. It also has antioxidant and anti-inflammatory properties that help in combating oxidative stress and free radicals, contribute to cellular health, and may support the overall well-being of individuals. It can help stimulate the production of digestive enzymes that benefit in the breakdown of food and promote overall digestive health. It assists in enhancing the immune system, mitigating inflammation, and lowering the risk of various chronic diseases. It also aids in regulating blood pressure, supporting healthy circulation, and contributing to improved heart health. As it is widely utilized in dietary supplements and functional foods, the demand for basil extract is rising across the globe.
Global Basil Extract Market Trends and Drivers:
At present, the increasing popularity of basil extracts in pizzas and pasta around the world represents one of the major factors strengthening the growth of the market. Moreover, the growing preference for traditional remedies to promote clearer airways around the world is offering a positive market outlook. Apart from this, the rising preference for natural remedies and holistic well-being among individuals is propelling the growth of the market. In addition, there is a rise in the demand for basil extracts to reduce stress and anxiety while promoting relaxation among individuals across the globe. This, coupled with the increasing consumption of basil extracts, as they support joint health and provide relief from mild joint discomfort, is contributing to the growth of the market. Besides this, the growing demand for botanical-infused cosmetics that are chemical-free and have reduced side effects among individuals is positively influencing the market. Additionally, the rising adoption of natural products that reduce irritated skin and promote a healthy complexion is offering lucrative growth opportunities to industry investors. In line with this, the increasing employment of basil extracts in various essential oils as aromatherapy to calm and uplift mood is impelling the growth of the market. Furthermore, the rising demand for basil in sauces, dressings, and beverages to attract health-conscious consumers is supporting the growth of the market.
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:
Breakup by Application:
- Food and Beverages
- Personal Care
Breakup by Region:
- North America
- United States
- United Kingdom
- Asia Pacific
- South Korea
- Latin America
- 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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