Posted by 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 size, , share, trends, report 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, derived from the leaves of the Ocimum basilicum plant, is a natural substance that undergoes a meticulous extraction process to capture its essential oils, antioxidants, and other bioactive compounds. Possessing a unique aroma and flavor profile, it has garnered favor as a culinary ingredient, elevating the taste and fragrance of dishes and enhancing the overall dining experience. Beyond its culinary merits, basil extract boasts skin-soothing properties and appeals to environmentally-conscious consumers due to its eco-friendly attributes. Furthermore, this extract offers a range of health benefits. It contains antioxidants and anti-inflammatory properties that 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, thus aiding in food breakdown and digestive health. Additionally, it bolsters the immune system, mitigates inflammation, and lowers the risk of chronic diseases
Global Basil Extract Market Trends and Drivers:
Currently, the surging popularity of basil extracts in global pizza and pasta dishes stands out as a significant driver propelling market growth. Furthermore, the increasing inclination toward traditional remedies for enhancing respiratory health worldwide is fostering a positive market outlook. Additionally, the growing preference for natural remedies and holistic well-being among individuals is fueling market expansion. Moreover, there is a rising demand for basil extracts aimed at reducing stress and anxiety while promoting relaxation on a global scale. This, combined with the increasing consumption of basil extracts for their potential in supporting joint health and alleviating mild joint discomfort, is contributing to market growth. Furthermore, the escalating demand for botanical-infused cosmetics with reduced chemical content and fewer side effects is exerting a positive influence on the market. Similarly, the growing adoption of natural products that soothe irritated skin and enhance complexion is creating lucrative opportunities for industry investors.
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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