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Basil Extracts Market Size
- Report ID: GMI6695
- Published Date: Sep 2023
- Report Format: PDF
Basil Extracts Market Size
Basil Extracts Market size was valued at USD 1.1 billion in 2022 and is estimated to expand at a CAGR of 3.3% between 2023 and 2032. Basil extracts are widely used in the food and beverage industry to enhance flavors in various dishes, sauces, dressings, and beverages. Basil is perceived as having potential health benefits due to its antioxidant and anti-inflammatory properties, driving demand for basil extracts in supplements and functional foods.
Consumer preference for natural and organic ingredients in food, beverages, and personal care products contributes to the demand for basil extracts as a natural flavouring and ingredient. The use of basil in traditional and ethnic cuisines, such as Italian, Thai, and Mediterranean, fuels the demand for basil extracts in global food markets.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Basil Extracts Market Size in 2022: | USD 1.1 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 3.5% |
| 2032 Value Projection: | USD 1.55 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 191 |
| Segments covered: | Form, Application, Distribution channel |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Basil is a seasonal herb, and its availability can be limited to specific times of the year. Ensuring consistent quality and standardization of basil extracts can be challenging due to variations in basil varieties, growing conditions, and extraction methods. Basil cultivation can put strain on water resources and face challenges related to pesticide use and soil health.
Frequently Asked Questions (FAQ) :
Basil Extracts Market Scope
