Basil Extracts Market

As a growing number of consumers seek safe and effective products, there has been a rapid shift from synthetic products to more natural and organic products in recent years. Basil extracts contains a lot of antioxidants and flavonoids. They are used in widespread application across the food and beverage and cosmetic industries.

Data Bridge Market Research analyses that the basil extracts market which was valued at USD 2.04 billion in 2021 is expected to reach the value of USD 3.28 billion by 2029, at a CAGR of 6.10% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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Some of the major players operating in the basil extracts market are:

• Givaudan (Switzerland)
• Sensient Technologies Corporation (U.S.)
• Symrise (Germany)
• Kangcare (China)
• P.T. INDESSO AROMA (Indonesia)
• P.T. Haldin Pacific Semesta. (U.S.)
• VidyaHerbs (India)
• Tokiwa Phytochemical Co. Ltd. (Japan)
• NATIVE EXTRACTS Pty Ltd. (Australia)
• Shaanxi Jiahe Phytochem Co., Ltd. (China)
• Synthite Industries Ltd. (India)
• Döhler, International Flavors Fragrances, Inc. (Germany)
• Martin Bauer Group (Germany)
• Arjuna Natural Pvt Ltd (India)
• Organic Herb Inc. (China)
• Plant Extracts International Inc. (U.S.)

Global Basil Extracts Market Scope

The basil extracts market is segmented on the basis of type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Powder
• Capsule
• Oil

Application

• Food Beverages
• Pharmaceuticals
• Healthcare
• Personal Care
• Others

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Global Basil Extracts Market Dynamics

Drivers:

• Growing medicinal applications, especially in ayurvedic medicines

Individuals' growing awareness of the health benefits of basil is a major factor driving growth in the global basil extracts market. Due to its medicinal properties, holy basil is used in various ancient ayurvedic medicines throughout the Indian Subcontinent. Basil is high in vitamins A and K, as well as manganese, calcium, and iron. It has antioxidants, anti-inflammatory, anti-microbial, and anti-bacterial properties. It is used to treat a variety of diseases and health conditions, including constipation, loss of appetite, diarrhoea, intestinal gas, and so on. Basil reduces stress and depression while also increasing mental awareness.

• Increasing demand in various cuisines and from the personal care industry

Basil is commonly used to flavour soups, sauces, salads, and other dishes. It also goes well with paprika, oregano, pepper, parsley, mustered, and other herbs. Increasing its use in various cuisines is one factor driving global market growth.

Furthermore, the use of basil in personal care products to unclog pores, cleanse the skin from within, and remove dirt, as well as the growing preference for natural personal care products, are expected to drive the global basil extracts market in the near future.

Opportunities

The effect of basil on the human body has piqued the interest of medical researchers. The increasing use of basil extracts by these scientists and researchers has aided the growth of the basil extracts market. Furthermore, the transportation of basil leaves from farms to mainland areas for the development of medications has gained traction. Basil stems and seeds are now a commodity on the international market. This factor, combined with advancements in organic medical treatments, has benefited the basil extract market.

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