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Basil Extracts Market Trends

Report ID: GMI6695
Published Date: Sep 2023
Report Format: PDF

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Basil Extracts Market Trends

Consumers are increasingly seeking natural and clean label products, driving the demand for basil extracts as natural flavorings and additives. Basil extracts are recognized for their potential health benefits, including antioxidant and anti-inflammatory properties, aligning with the growing health and wellness trends. The popularity of global cuisines has increased the demand for basil extracts, especially in dishes from Thai, Italian, and Mediterranean cuisines.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of basil extracts reached USD 1100 million in 2022 and is set to cross USD 1552 million by 2032, due to the increasing consumer preference for natural and organic ingredients in food, beverages, and personal care products worldwide.

The liquid form segment was valued at USD 575 million revenue in 2022, on account of its ability to enhance the flavor of various food and beverage products for catering to consumer taste preferences.

U.S. market recorded USD 255.1 million revenue in 2022, owing to the presence of diverse population and the higher demand for basil extracts in various cuisines, including Italian, Thai, and Mediterranean in the region.

Naturex (now part of Givaudan), Arjuna Natural Pvt. Ltd., Nutra Green Biotechnology Co., Ltd., Indena S.p.A., Amoretti, Synthite Industries Ltd., Mountain Rose Herbs, Nature's Answer, and NutraMarks, Inc. are some of the major basil extracts companies worldwide.