Global Basil Seeds Market - 2023-2030

Global Basil Seeds Market - 2023-2030

Global Basil Seeds Market reached US$ 102.6 million in 2022 and is expected to reach US$ 158.7 million by 2030, growing with a CAGR of 5.6% during the forecast period 2023-2030. The growing trend of consuming healthy and organic plant-based seeds helps to boost market growth over the forecast period.

The government of the various countries helps to promote basil seeds and helps to boost market growth over the forecast period. For instance, on May 06, 2022, NRCB licensed and transferred basil seeds clear banana juice to the Thottiyam Banana Producer Company Ltd. NRCB found out the novel technology of using traditional basil seeds to make clarified banana juice.

An increase in product launches by major key players helps to boost market growth over the forecast period. For instance, on July 06, 2022, Drunken Monkey launched its first outlet in the United States. The company offers 200 types of Smoothies and Smoothie Bowls to the consumer that are made from fruits, healthy veggies, dry fruits, and healthy seasonings like sunflower seeds, chia, pumpkin seeds, and basil seeds.

Dynamics

Rising Awareness Among Consumers Regarding the Health Benefits of Basil Seeds

Basil seeds are known to have digestive benefits due to their high fiber content. They can aid in promoting regular bowel movements and alleviating digestive discomfort. Awareness of these digestive health benefits drives demand among consumers seeking natural remedies. Health-conscious consumers often seek out non-GMO and organic food products, including basil seeds, to minimize exposure to genetically modified organisms and synthetic chemicals.

Online platforms and social media have played a role in disseminating information about the health benefits of basil seeds. Health and wellness influencers and communities promote their use. Access to information about the nutritional content and potential health benefits of basil seeds has increased through websites, blogs, and educational content. This helps consumers make informed choices. In traditional medicine, basil seeds are believed to have a cooling effect on the body and are used in beverages to provide relief from heat-related issues.

Increase Application of the Basil Seeds in the Food and Beverage Industry

Basil seeds are used in the extensive range of offerings in the food and beverage industry. This diversification appeals to a broader consumer base and encourages exploration of basil seeds-based products. Basil seeds are often included in health-focused food and beverage products. The demand for natural and functional ingredients is driving the development of products that cater to consumers seeking better-for-you options.

The ability of basil seeds to create a gel-like texture when hydrated makes them valuable in enhancing the mouthfeel and texture of foods and beverages. This appeals to consumers who enjoy unique and pleasing sensory experiences. Basil seeds drinks have gained popularity in various parts of the world. Their unique appearance, texture, and potential health benefits have led to innovative beverage creations and a growing market for these drinks. Basil seeds are used as an ingredient in snack foods, adding crunch and a mild basil flavor. This includes products like snack bars, trail mixes, and puffed snacks.

An increase in product launches by major key players helps to boost market growth over the forecast period. For instance, on August 09, 2021, Bambu, a drink chain expanded its footprint in North America with the launch of its fresh dessert drink including fruit smoothies, Che and Vietnamese coffee. Che is a sweet drink made from Basil Seeds, beans, jellies, taro paste and fruits.

Price Volatility

Basil seeds are sensitive to climate conditions, and variations in weather patterns, including droughts, floods, and temperature extremes, can lead to fluctuations in crop yields. These production risks can cause price spikes when supplies are limited. Price volatility can occur when there are fluctuations in the supply of basil seeds.

Unexpected events such as pests, diseases, or natural disasters can disrupt production and reduce supply, leading to price increases. Increasing global demand for basil seeds, driven by their health benefits and culinary uses, can also contribute to price volatility. A surge in demand may lead to price spikes if supply cannot keep pace.

Basil seeds face competition from other seeds and superfoods like chia seeds and flaxseeds. Price volatility in these markets can spill over and affect basil seeds prices. International trade dynamics, including tariffs, trade restrictions, and export-import regulations, can impact the flow of basil seeds across borders, affecting prices. Price volatility impacts consumer purchasing decisions, as consumers may be price-sensitive and opt for alternative ingredients or products when Basil Seeds prices are high.

Segment Analysis

The global basil seeds market is segmented based on type, Nature, distribution channel, applications and region.

Increasing Adoption of Organic Basil Seeds Globally

Organic basil seeds are a more sustainable option compared to conventionally grown seeds. Consumers with food allergies have a high demand for organic Basil Seeds due to stricter allergen control measures in organic production. Some consumers are concerned about the ethical and sustainable sourcing of their food. Organic Basil Seeds production often includes fair labor practices and eco-friendly farming methods.

Organic Basil Seeds are used in various recipes, including puddings, smoothies, and beverages. They are used in a variety of international cuisines and traditional beverages, expanding their popularity beyond regional boundaries. The growth of e-commerce and online retail platforms has made it more convenient for consumers to access organic Basil Seeds, driving their availability and popularity.

Companies in the organic basil seeds market often emphasize their commitment to organic farming practices, sustainability, and ethical sourcing. These strategies build consumer trust and loyalty. For instance, Happilo International Pvt Ltd. launched Premium Raw Organic Holy Basil (Sabja) Seeds in the market. It is available in the 250 grams pack size. It has health-promoting properties. It is a rich source of omega-3 fatty acids and high in fibre.

Geographical Penetration

Asia Pacific Accounted For the Largest Share in the Market

India, China, and Indonesia are major share-holding countries in the region due to the rise in production of basil plants. The rising awareness among people regarding a healthy lifestyle and food products is further expected to contribute positively to the basil leaves market growth in the region. Many types of basil varieties are available varying in size, leaf shape, flavor, and leaf color ranging from green to purple and the quality of the product is determined by appearance.

An increase in product launches by major key players helps to boost market growth over the forecast period. For instance, on May 12, 2023, ITC Sunfeast, the leading food company launched smoothies in the market that is made from milk & real fruits. It is available in various flavors such as Mango, Litchi, Strawberry, and peach pineapple. The newly launched smoothies are made from ingredients such as fruit chunks, mango chunks, chia seeds and Basil Seeds.

Competitive Landscape

The major global players in the market include Enza Zaden, RR Agro Foods, Holy Natural, Sakata, David's Garden Seeds, Alfa Herbs Company, Urja Seeds, The green seed company, Veerral Agro, and Agrosiaa.

COVID-19 Impact Analysis

The COVID-19 pandemic had several impacts on the Basil seeds market, both positive and negative. During the pandemic, there was a heightened focus on health and wellness. Consumers sought foods and ingredients that were perceived as nutritious and beneficial for overall well-being. Basil seeds, known for their potential health benefits, saw increased interest from health-conscious consumers. Consumers were looking for foods and ingredients that could potentially boost their immune systems. Basil seeds, often touted for their nutritional content, including vitamins and minerals, were marketed as immune-boosting options.

With lockdowns and restrictions in place, there was a surge in online shopping and home cooking. This trend benefited the Basil seeds market as consumers purchased seeds to incorporate into homemade recipes, including beverages, smoothies, and desserts. The pandemic accelerated the interest in plant-based and functional ingredients.

Basil seeds, which can be used in a variety of plant-based recipes and are considered functional due to their nutritional properties, gained popularity. The Basil seeds market, like many other food ingredient markets, experienced supply chain disruptions. These disruptions included delays in the transportation of products and difficulties in sourcing seeds from certain regions.

Russia-Ukraine War Impact Analysis

The conflict between Russia and Ukraine can potentially impact various industries, including the Basil seeds market, in several ways. The conflict disrupts the supply chain for Basil seeds, affecting the sourcing and distribution of the seeds. Ukraine is a significant producer of Basil seeds, and disruptions in the region can impact the global supply.

Trade restrictions, sanctions, and border disruptions affected the export and import of Basil seeds and related products between Russia, Ukraine, and other countries. Exporters and importers may face regulatory hurdles and delays. The conflict affects the production and transportation of Basil seeds in the region, it may lead to shortages or increased prices of these seeds, impacting both domestic and international markets.

Basil seeds suppliers and growers in the conflict-affected areas may face challenges, potentially leading to a shift in Basil seeds production to other regions. This can impact the global supply chain. Changes in consumer preferences and demand may occur due to uncertainties related to the conflict. Consumers may seek alternative ingredients or products, impacting the demand for Basil seeds.

By Type
• Sweet
• Holy
• Scented
• Purple
• Others

By Nature
• Organic
• Inorganic

By Distribution Channel
• Supermarkets & Hypermarkets
• E-Commerce
• Specialty Stores
• Others

By Application
• Cultivation
• Medicinal

By Region
• North America

U.S.

Canada

Mexico
• Europe

Germany

UK

France

Italy

Russia

Rest of Europe
• South America

Brazil

Argentina

Rest of South America
• Asia-Pacific

China

India

Japan

Australia

Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• On September 14, 2023, Proven, raised US$12.2M to grow AI-powered personalized beauty and fragrance solutions. Its portfolio also consists of Noteworthy, marketed as a “first-of-its-kind” personalized fragrance company. Noteworthy fragrances consist of n,551 – a smokey, amber scent underpinned by rich lily of the valley; n,144 – a bright, creamy vanilla floral citrus perfume and n,307 – a fresh combination of mandarin, basil, and sandalwood.
• On February 15, 2022, Future Crops, Ltd., an AgriTech start-up is boosting the output of a pure, high-yielding basil variety that is adapted for cultivation in the company's primarily solar-powered 2,000m2 vertical farm.
• On March 18, 2021, RITA Foods launched coconut water basil seeds in the market. It is available in the pineapple flavor and available in 1 liter of pack size. It is a rich source of electrolytes, vitamins, and minerals.

Why Purchase the Report?
• To visualize the global basil seeds market segmentation based on type, Nature, distribution channel, applications and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of basil seeds market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global basil seeds market report would provide approximately 93 tables, 76 figures and 247 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies