The global basil extract market size is expected to be valued at US$ 59.3 million in 2023. With growing features and its resonance as an Ayurveda drug handed over from ages to the new crop of people coupled with its stress-relieving impact stokes its present use as a drug for the growing masses. Overall demand for basil extract is projected to grow at a CAGR of 3.3% between 2023 and 2033, totaling around US$ 82.0 million by 2033.
Basil is a culinary herb that is also known as Saint-Joseph’s- wort. The botanical name of Basil is Ocimum basilicum. It is also called the “king of herbs”. Basil is a native herb of India and it is commonly known as Tusli. It’s being used as an ayurvedic medicine for more than 500 years to reduce life’s stress. Several research report supports the use of basil extract for human use. The nutritional value of basil extracts is also high as it is a rich source of calcium, zinc, vitamins A and C zinc, and iron. The chemicals present in the basil extract are known for reducing body pain and inflammation. Basil extract is known for its property to reduce blood sugar levels and is classified as an adaptogen that helps the body to remain fit and strong. A number of studies indicate that Basil has the ability to reduce infections caused by bacteria.
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“Growing emphasis on herb-based therapeutics and increasing awareness about the health benefits of Basil leaves have augmented the application in the personal care industry. Manufacturers are conducting research and developing new products like cough syrups, skin ointments, juices, and pulps.”
Market Segmentation:
Basil extract is segment on the basis of application, type and region. On the basis of application market is segmented into pharmaceuticals and personal care products. Among both the segments application in pharmaceuticals is expected to grow enormously in the coming future. The demand for basil extract is more due to the benefit it offers as well as easy availability of product to the consumer.
On the basis of form the market is segmented into powder, capsule and oil.Basil extract come in different types but the most popular in the market is the oil segment. Basil extract is a great source of special properties which provide various health benefits. It acts as an analgesic,the basil extract helps to prevent dental caries and also it inhibit fungal infection caused by candidaalbicans and candida tropicalis. Basil extract is also helpful to increases testosterone level in males and has the ability to cure liver damage as well. On the basis of region red vine extractmarket is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, MEA and Japan.
Market Regional Outlook:
Regional segment for the market of Basilextractis divided into seven different regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, MEA and Japan. Among these segment Asia Pacific is expected to have the major market share globally, as it is the largest producer and consumer of basilextract. In Asia Pacific region the countries like India and china are generating the major revenue. In terms of revenue North America is the second prominent contributor in thebasilextract market.
Market Drivers:
The rise in demand for stress reducing pills is expected to drive the growth of global basil extractmarket. Basil extractis not only a rich source of vitamins but it also exhibits some special properties such as anti-cancer, good mosquito repellent, prevents cardiovascular diseases and treats ulcers. It also helps in reducing blood sugar level and fights against bacterial infection. These versatile properties of basil extract is attracting the pharmaceutical segment to a greater extent which will drive the basil extract market to a greater extent.Moreover, the market is also driven by the increasing awareness among the consumers about the health benefits associated with basil extract.
Market Key Players:
Some of the key players in basil extractmarket areMartin Bauer Group, Penta Manufacturing Company, Cepham Inc., Kefiplant, A.M. Todd Botanical Therapeutics, Amoretti, FLAVEX Naturextrakte GmbH, DaXingAnLing Lingonberry Organic Foodstuffs Co., Ltd., and NOW Foods among others.
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Key Segments Covered in the Basil extract Industry Report
Basil Extract by Application:
- Pharmaceutical
- Personal Care Products
Basil Extract by Type:
- Powder
- Capsule
- Oil
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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Frequently Asked Questions
- What is the estimated market value of the global Basil Extract market in 2021?
- What is the projected CAGR of the global Basil Extract market until 2032?
- What is the expected market value of the global Basil Extract market by 2032?
- Which end-use segment of Basil Extract is driving the global market?
- What is the estimated market value of the North American market?
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