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 growth, , share, size, report and 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.
Derived from the leaves of the Ocimum basilicum plant, basil extract is a natural substance that undergoes a meticulous extraction process to capture its essential oils, antioxidants, and other bioactive compounds. With its distinct aroma and flavor profile, it has gained popularity as a culinary ingredient, enhancing the taste and fragrance of dishes and elevating the overall dining experience. Beyond its culinary uses, basil extract possesses skin-soothing properties and appeals to environmentally-conscious consumers due to its eco-friendly attributes. Moreover, this extract offers a range of health benefits. It is rich in antioxidants and anti-inflammatory properties, which combat oxidative stress and free radicals, promoting cellular health and contributing to overall well-being. Basil extract also supports digestion by stimulating the production of digestive enzymes, aiding in food breakdown and digestive health. Furthermore, it fortifies the immune system, reduces inflammation, and lowers the risk of chronic diseases.
Global Basil Extract Market Trends and Drivers:
Currently, the global market for basil extracts is experiencing substantial growth driven by several key factors. Firstly, the surging popularity of basil extracts in pizza and pasta dishes worldwide is a significant driver of market expansion. Additionally, there is a growing trend towards using traditional remedies to enhance respiratory health on a global scale, which is contributing to a positive market outlook. Furthermore, the increasing preference for natural remedies and a holistic approach to well-being among individuals is fueling the market's growth. Moreover, there is a rising demand for basil extracts known for their stress-reducing and anxiety-alleviating properties, promoting relaxation on a global scale. This, coupled with the increasing consumption of basil extracts for their potential in supporting joint health and relieving mild joint discomfort, is further boosting market growth.
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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