Global Basil Extract Market Size Study & Forecast, by Type (Powder, Capsule, Oil), by Application (Healthcare, Personal Care) and Regional Analysis, 2023-2030

Global Basil Extract Market Size Study & Forecast, by Type (Powder, Capsule, Oil), by Application (Healthcare, Personal Care) and Regional Analysis, 2023-2030

Global Basil Extract Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Basil, a culinary plant from the mint family, has great antibacterial qualities and is widely used in Ayurvedic medicine. A substantial source of calcium, zinc, vitamin A, and iron is found in basil extracts. Basil extracts are high in demand in a variety of pharmaceutical products due to their antioxidant capabilities. Basil extracts' demand has grown as a result of the increasing number of health advantages provided by basil extract. Also, it efficiently alleviates stress, which is anticipated to expand its commercial potential across the global market

Basil extracts are widely used in skin ointments, cough syrups, and juices, expanding its range of potential medical applications. According to the World Health Organization, about 70–80% of the world's population, mostly from herbal sources, relies on non-conventional medicines for their treatment. Moreover, basil is major source of vitamins that further helps in treating cancer, cardiovascular diseases and various type of ulcers. According to GLOBOCAN, in 2020, about 19.3 million new cases of cancer were reported worldwide and this number is expected to increase to 30.2 million in the year 2040. The rising adverse effects of synthetic pharmaceuticals, the high expense of new drugs, microbial resistance, developing disorders, etc. leads medical professionals have placed a strong emphasis on the significance of basil extracts, particularly in the fields of Ayurveda and homeopathy. It is incorporated into the creation of a number of drugs that Ayurvedic physicians prescrib. A rise in the use of basil extracts in pharmaceutical and personal care products is anticipated to raise demand for the market. However, basil's adverse effects, like hypoglycemia and blood thinning are expected to limit market expansion during the estimated period of 2023-2030

The key regions considered for the Global Basil Extract Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia-Pacific has dominated the market in 2022 with the highest number of market shares. The market for basil extracts in this region is expanding as a result of the high population, along with the presence of the largest base for the production and consumption of basil extract. As people become more aware of the benefits of basil, it is being used more frequently in personal care products and pharmaceuticals, which is contributing to the rise of the target market in Asia-Pacific. North America is anticipated as the significantly growing region, followed by Europe. The regional basil market is likely to be driven by the usage of basil in the packaging industry due to its anti-microbial qualities, as well as increasing demand in various cuisines and from the personal care industry.

Major market player included in this report are:
Penta Manufacturing Company
Martin Bauer Group
Kefiplant
Cepham Inc
Amoretti
Todd Botanical Therapeutics
FLAVEX Naturextrakte GmbH
DaXingAnLing Lingonberry Organic Foodstuffs
NOW foods
Martin Bauer Group

Recent Developments in the Market:
In March 2021, the Martin Bauer Group, a company with a focus on botanical products, purchased a sizable portion of food maker Power Brands.
In September 2020, the top North American manufacturer of specialized mint leaf products, Core Botanica, is acquired by The Martin Bauer Group. The Martin Bauer Group has expertise in botanical products.
In May 2022, New USDA-certified organic 'Indolce' basil from Soli Organic Inc. arrived on fruit aisle shelves in over 2,000 chosen stores across more than 15 Mid-Atlantic distribution centres.

Global Basil Extract Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:
Powder
Capsule
Oil
By Application:
Healthcare
Personal Care

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Penta Manufacturing Company
Martin Bauer Group
Kefiplant
Cepham Inc
Amoretti
Todd Botanical Therapeutics
FLAVEX Naturextrakte GmbH
DaXingAnLing Lingonberry Organic Foodstuffs
NOW foods
Martin Bauer Group

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