Basil Extract Market Outlook

The global basil extract market size is expected to be valued at US$ 59.3 million in 2023. With growing features and its resonance as an Ayurveda drug handed over from ages to the new crop of people coupled with its stress-relieving impact stokes its present use as a drug for the growing masses. Overall demand for basil extract is projected to grow at a CAGR of 3.3% between 2023 and 2033, totaling around US$ 82.0 million by 2033.

Attributes Details
Basil Extract Market (2023) US$ 59.3 million
Basil Extract Market (2033) US$ 82.0 million
Basil Extract Market (CAGR) 3.3%

Don't pay for what you don't need

Customize your report by selecting specific countries or regions and save 30%!

Basil Extract Demand Analysis (2018 to 2022) Vs Market Outlook (2023 to 2033)

The increase in the health offtakes associated with basil extracts has increased its demand, which is expected to witness similar trends. Furthermore, basil extracts find extensive applications in skin ointments, cough syrups, and juices, which have burgeoned their scope in medical applications. In addition, basil extracts function effectively as a stress reliever, which is expected to increase its commercial applications.

The application of basil extracts in healthcare applications has witnessed major leverage. The enhanced use of basil extracts in the skincare range is projected to fuel the demand for basil extracts in the personal care industry. The demand for commercial basil extracts such as powder, capsules, and oil has spiraled, where the basil oil is expected to witness major demand owing to its application in the treatment of nervous disorders and stress-related headaches. Hence, the extensive application of basil extracts in pharmaceutical and personal care products is expected to boost its demand.

The nutrition quotient of basil extracts is also high as it is a rich source of calcium, zinc, vitamins A and C zinc, and iron. The chemicals present in the basil extract are famously known for lowering body pain and inflammation. Basil extract can be leveraged for its unique property to bring down blood sugar levels in the blood and helps the body to remain fit and agile. Various insights suggest that Basil can reduce infections caused by bacteria.

What are the Factors Propelling the Global Basil Extract Market?

A spurt in demand for stress-relieving pills is projected to stoke the growth of the global basil extract market. Basil extract is more than just a rich source of vitamins it also exhibits some definitive properties such as anti-cancerous traits, good mosquito repellent, prevents cardiovascular diseases, and treats ulcers. It also helps in containing blood sugar levels and combats bacterial infection.

These versatile traits of basil extract are attracting the pharmaceutical segment to a great extent which will drive the basil extract market voluminously. Moreover, the market is also driven by the increasing awareness among consumers about the health benefits associated with basil extract.

Regions CAGR (2022)
North America 17.4%
Europe 2.5%
Nandini Roy Choudhury
Nandini Roy Choudhury

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Why is North America arising as an opportunistic basil extract market?

North America investing quality time and money in Research and Development impacts growth

In terms of revenue, North America is expected to capture a 32.5% share in 2023. Owing to increasing knowledge about its medicinal benefits and increasing investment in research & development, the market is likely to exhibit strong growth in the region. The demand for commercial basil extracts such as powder, capsules, and oil has spiraled, where the basil oil is anticipated to elicit major demand, due to the increasing application in anti-anxiety drugs and in the treatment of nervous illness.

Besides, basil extracts are generally used in treating the common cold as a medicinal herb. According to the Centers for Disease Control and Prevention, each year in the USA, millions of people catch a common cold. Adults have an average of 2-3 colds per year, and children have even more. Thereby, the demand for basil extract-based medicines is expanding, though at a moderate rate.

Key players are making hefty investments in herb-based medicines and the approval of new technologies has bolstered the demand for basil extract in several end-use industries, reveals Future Market Insights. Moreover, the increasing application of basic extracts as a skin cleanser, treatment of acne and dandruff, and improvement of hair growth has established the base for the development of several personal care products in the region

Why is Basil Extract Market rising rapidly in Europe?

The rampant spread of skin ailments in Europe for those nearing 18 years stoked the growth of basil extract as an antidote

Europe is the second largest market in the basil extract industry accounting for 28.4% market share in 2023. The rampant spread of skin disease in Europe in developed economies such as Germany, France, and the United Kingdom has elevated the industry to the sky. As per the European Academy of Dermatology and Venerology survey, more than half of the European population who are 18 years old was described with one dermatological condition in the past 12 months.

Basil extracts have been proven as a concrete treatment for skin-related conditions. The extracts are taken either in the form of capsules, powder, or oil to get rid of acne, pimples, and premature aging. Numerous oil manufacturers in the Europe region are proliferating the basil extract steadfastly.

However, basil leaves are ingested as a health supplement and are consumed as a remedy for the common cold, and stress, and can manage diabetes. Hence, basil extract products are gaining huge leverage in the European region on the back of the growing medicinal benefits of basil extracts for the human body.

Get the data you need at a Fraction of the cost

Personalize your report by choosing insights you need
and save 40%!

Competitive Landscape

Some of the leading players in the basil extract market are Martin Bauer Group, Penta Manufacturing Company, Cepham Inc., Kefiplant, A.M. Todd Botanical Therapeutics, Amoretti, FLAVEX Naturextrakte GmbH, DaXingAnLing Lingonberry Organic Foodstuffs Co., Ltd., and NOW Foods among others. Some key developments in the Basil Extract market are as follows:

  • In March 2021, The Martin Bauer Group, a global manufacturer and provider of quality teas and botanicals, declared the acquisition of a majority stake in Power Brands. Power Brands is a key beverage development, formulation, production, and marketing service company based in Los Angeles, CA.
  • DaXingAnLing Lingonberry Organic Foodstuffs Co., Ltd. Is a leading manufacturer emphasizing producing high-quality plants extracts, customized formulation blends, and OEM service since 2002
  • NOW Foods is a dominant manufacturer and supplier of basil extracts in a vegetarian/vegan format. The product is sold in a plethora of variants such as NOWFoods Triphala, NOWFoods Hawthorn extract, etc.

Segmentation of the Basil Extract Market

By Application :

  • Pharmaceutical
  • Personal Care Products

By Type :

  • Powder
  • Capsule
  • Oil

By Region :

  • North America
  • Europe
  • Asia Pacific
  • The Middle East & Africa
  • Latin America

Frequently Asked Questions

What is the Basil Extract market value in 2023? 

The market is valued at US$ 59.3 million in 2023. 

What is the CAGR from 2023 to 2033? 

The market’s CAGR from 2023 to 2033 will be 3.3%. 

Who are the key market players? 

Martin Bauer Group, Cepham Inc., and Amoretti are key market players. 

What is the North America’s expected CAGR through 2033? 

North America will generate a CAGR of 17.4% until 2033. 

What will the market size be in 2033? 

The market will reach US$ 82.0 million by 2033. 

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Liters) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Liters) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Liters) Analysis By Application, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Liters) Analysis and Forecast By Application, 2023 to 2033

        5.3.1. Pharmaceutical

        5.3.2. Personal Care Products

    5.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Liters) Analysis By Type, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Liters) Analysis and Forecast By Type, 2023 to 2033

        6.3.1. Powder

        6.3.2. Capsule

        6.3.3. Oil

    6.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ Million) & Volume (Liters) Analysis By Region, 2018 to 2022

    7.3. Current Market Size Value (US$ Million) & Volume (Liters) Analysis and Forecast By Region, 2023 to 2033

        7.3.1. North America

        7.3.2. Latin America

        7.3.3. Western Europe

        7.3.4. Eastern Europe

        7.3.5. South Asia and Pacific

        7.3.6. East Asia

        7.3.7. Middle East and Africa

    7.4. Market Attractiveness Analysis By Region

8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    8.1. Historical Market Size Value (US$ Million) & Volume (Liters) Trend Analysis By Market Taxonomy, 2018 to 2022

    8.2. Market Size Value (US$ Million) & Volume (Liters) Forecast By Market Taxonomy, 2023 to 2033

        8.2.1. By Country

            8.2.1.1. USA.

            8.2.1.2. Canada

        8.2.2. By Application

        8.2.3. By Type

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Application

        8.3.3. By Type

    8.4. Key Takeaways

9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ Million) & Volume (Liters) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ Million) & Volume (Liters) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. Brazil

            9.2.1.2. Mexico

            9.2.1.3. Rest of Latin America

        9.2.2. By Application

        9.2.3. By Type

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Application

        9.3.3. By Type

    9.4. Key Takeaways

10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) & Volume (Liters) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) & Volume (Liters) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. Germany

            10.2.1.2. United Kingdom.

            10.2.1.3. France

            10.2.1.4. Spain

            10.2.1.5. Italy

            10.2.1.6. Rest of Western Europe

        10.2.2. By Application

        10.2.3. By Type

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Application

        10.3.3. By Type

    10.4. Key Takeaways

11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Liters) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) & Volume (Liters) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Poland

            11.2.1.2. Russia

            11.2.1.3. Czech Republic

            11.2.1.4. Romania

            11.2.1.5. Rest of Eastern Europe

        11.2.2. By Application

        11.2.3. By Type

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Application

        11.3.3. By Type

    11.4. Key Takeaways

12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Liters) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) & Volume (Liters) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. India

            12.2.1.2. Bangladesh

            12.2.1.3. Australia

            12.2.1.4. New Zealand

            12.2.1.5. Rest of South Asia and Pacific

        12.2.2. By Application

        12.2.3. By Type

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Application

        12.3.3. By Type

    12.4. Key Takeaways

13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Liters) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) & Volume (Liters) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. China

            13.2.1.2. Japan

            13.2.1.3. South Korea

        13.2.2. By Application

        13.2.3. By Type

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Application

        13.3.3. By Type

    13.4. Key Takeaways

14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Million) & Volume (Liters) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) & Volume (Liters) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. GCC Countries

            14.2.1.2. South Africa

            14.2.1.3. Israel

            14.2.1.4. Rest of MEA

        14.2.2. By Application

        14.2.3. By Type

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Application

        14.3.3. By Type

    14.4. Key Takeaways

15. Key Countries Market Analysis

    15.1. USA.

        15.1.1. Pricing Analysis

        15.1.2. Market Share Analysis, 2022

            15.1.2.1. By Application

            15.1.2.2. By Type

    15.2. Canada

        15.2.1. Pricing Analysis

        15.2.2. Market Share Analysis, 2022

            15.2.2.1. By Application

            15.2.2.2. By Type

    15.3. Brazil

        15.3.1. Pricing Analysis

        15.3.2. Market Share Analysis, 2022

            15.3.2.1. By Application

            15.3.2.2. By Type

    15.4. Mexico

        15.4.1. Pricing Analysis

        15.4.2. Market Share Analysis, 2022

            15.4.2.1. By Application

            15.4.2.2. By Type

    15.5. Germany

        15.5.1. Pricing Analysis

        15.5.2. Market Share Analysis, 2022

            15.5.2.1. By Application

            15.5.2.2. By Type

    15.6. United Kingdom.

        15.6.1. Pricing Analysis

        15.6.2. Market Share Analysis, 2022

            15.6.2.1. By Application

            15.6.2.2. By Type

    15.7. France

        15.7.1. Pricing Analysis

        15.7.2. Market Share Analysis, 2022

            15.7.2.1. By Application

            15.7.2.2. By Type

    15.8. Spain

        15.8.1. Pricing Analysis

        15.8.2. Market Share Analysis, 2022

            15.8.2.1. By Application

            15.8.2.2. By Type

    15.9. Italy

        15.9.1. Pricing Analysis

        15.9.2. Market Share Analysis, 2022

            15.9.2.1. By Application

            15.9.2.2. By Type

    15.10. Poland

        15.10.1. Pricing Analysis

        15.10.2. Market Share Analysis, 2022

            15.10.2.1. By Application

            15.10.2.2. By Type

    15.11. Russia

        15.11.1. Pricing Analysis

        15.11.2. Market Share Analysis, 2022

            15.11.2.1. By Application

            15.11.2.2. By Type

    15.12. Czech Republic

        15.12.1. Pricing Analysis

        15.12.2. Market Share Analysis, 2022

            15.12.2.1. By Application

            15.12.2.2. By Type

    15.13. Romania

        15.13.1. Pricing Analysis

        15.13.2. Market Share Analysis, 2022

            15.13.2.1. By Application

            15.13.2.2. By Type

    15.14. India

        15.14.1. Pricing Analysis

        15.14.2. Market Share Analysis, 2022

            15.14.2.1. By Application

            15.14.2.2. By Type

    15.15. Bangladesh

        15.15.1. Pricing Analysis

        15.15.2. Market Share Analysis, 2022

            15.15.2.1. By Application

            15.15.2.2. By Type

    15.16. Australia

        15.16.1. Pricing Analysis

        15.16.2. Market Share Analysis, 2022

            15.16.2.1. By Application

            15.16.2.2. By Type

    15.17. New Zealand

        15.17.1. Pricing Analysis

        15.17.2. Market Share Analysis, 2022

            15.17.2.1. By Application

            15.17.2.2. By Type

    15.18. China

        15.18.1. Pricing Analysis

        15.18.2. Market Share Analysis, 2022

            15.18.2.1. By Application

            15.18.2.2. By Type

    15.19. Japan

        15.19.1. Pricing Analysis

        15.19.2. Market Share Analysis, 2022

            15.19.2.1. By Application

            15.19.2.2. By Type

    15.20. South Korea

        15.20.1. Pricing Analysis

        15.20.2. Market Share Analysis, 2022

            15.20.2.1. By Application

            15.20.2.2. By Type

    15.21. GCC Countries

        15.21.1. Pricing Analysis

        15.21.2. Market Share Analysis, 2022

            15.21.2.1. By Application

            15.21.2.2. By Type

    15.22. South Africa

        15.22.1. Pricing Analysis

        15.22.2. Market Share Analysis, 2022

            15.22.2.1. By Application

            15.22.2.2. By Type

    15.23. Israel

        15.23.1. Pricing Analysis

        15.23.2. Market Share Analysis, 2022

            15.23.2.1. By Application

            15.23.2.2. By Type

16. Market Structure Analysis

    16.1. Competition Dashboard

    16.2. Competition Benchmarking

    16.3. Market Share Analysis of Top Players

        16.3.1. By Regional

        16.3.2. By Application

        16.3.3. By Type

17. Competition Analysis

    17.1. Competition Deep Dive

        17.1.1. Martin Bauer Group

            17.1.1.1. Overview

            17.1.1.2. Product Portfolio

            17.1.1.3. Profitability by Market Segments

            17.1.1.4. Sales Footprint

            17.1.1.5. Strategy Overview

                17.1.1.5.1. Marketing Strategy

                17.1.1.5.2. Product Strategy

                17.1.1.5.3. Channel Strategy

        17.1.2. Penta Manufacturing Company, Cepham Inc.

            17.1.2.1. Overview

            17.1.2.2. Product Portfolio

            17.1.2.3. Profitability by Market Segments

            17.1.2.4. Sales Footprint

            17.1.2.5. Strategy Overview

                17.1.2.5.1. Marketing Strategy

                17.1.2.5.2. Product Strategy

                17.1.2.5.3. Channel Strategy

        17.1.3. Kefiplant

            17.1.3.1. Overview

            17.1.3.2. Product Portfolio

            17.1.3.3. Profitability by Market Segments

            17.1.3.4. Sales Footprint

            17.1.3.5. Strategy Overview

                17.1.3.5.1. Marketing Strategy

                17.1.3.5.2. Product Strategy

                17.1.3.5.3. Channel Strategy

        17.1.4. A.M. Todd Botanical Therapeutics

            17.1.4.1. Overview

            17.1.4.2. Product Portfolio

            17.1.4.3. Profitability by Market Segments

            17.1.4.4. Sales Footprint

            17.1.4.5. Strategy Overview

                17.1.4.5.1. Marketing Strategy

                17.1.4.5.2. Product Strategy

                17.1.4.5.3. Channel Strategy

        17.1.5. Amoretti

            17.1.5.1. Overview

            17.1.5.2. Product Portfolio

            17.1.5.3. Profitability by Market Segments

            17.1.5.4. Sales Footprint

            17.1.5.5. Strategy Overview

                17.1.5.5.1. Marketing Strategy

                17.1.5.5.2. Product Strategy

                17.1.5.5.3. Channel Strategy

        17.1.6. FLAVEX Naturextrakte GmbH

            17.1.6.1. Overview

            17.1.6.2. Product Portfolio

            17.1.6.3. Profitability by Market Segments

            17.1.6.4. Sales Footprint

            17.1.6.5. Strategy Overview

                17.1.6.5.1. Marketing Strategy

                17.1.6.5.2. Product Strategy

                17.1.6.5.3. Channel Strategy

        17.1.7. DaXingAnLing

            17.1.7.1. Overview

            17.1.7.2. Product Portfolio

            17.1.7.3. Profitability by Market Segments

            17.1.7.4. Sales Footprint

            17.1.7.5. Strategy Overview

                17.1.7.5.1. Marketing Strategy

                17.1.7.5.2. Product Strategy

                17.1.7.5.3. Channel Strategy

        17.1.8. Lingonberry Organic Foodstuffs Co. Ltd.

            17.1.8.1. Overview

            17.1.8.2. Product Portfolio

            17.1.8.3. Profitability by Market Segments

            17.1.8.4. Sales Footprint

            17.1.8.5. Strategy Overview

                17.1.8.5.1. Marketing Strategy

                17.1.8.5.2. Product Strategy

                17.1.8.5.3. Channel Strategy

        17.1.9. NOW Foods

            17.1.9.1. Overview

            17.1.9.2. Product Portfolio

            17.1.9.3. Profitability by Market Segments

            17.1.9.4. Sales Footprint

            17.1.9.5. Strategy Overview

                17.1.9.5.1. Marketing Strategy

                17.1.9.5.2. Product Strategy

                17.1.9.5.3. Channel Strategy

        17.1.10. Givaudan

            17.1.10.1. Overview

            17.1.10.2. Product Portfolio

            17.1.10.3. Profitability by Market Segments

            17.1.10.4. Sales Footprint

            17.1.10.5. Strategy Overview

                17.1.10.5.1. Marketing Strategy

                17.1.10.5.2. Product Strategy

                17.1.10.5.3. Channel Strategy

18. Assumptions & Acronyms Used

19. Research Methodology

Recommendations

Food and Beverage

Amla Extract Market

June 2020

REP-GB-93

May 2024

250 pages

Food and Beverage

Spirulina Extract Market

October 2021

REP-GB-728

January 2024

342 pages

Explore Food and Beverage Insights

View Reports