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Basil Extracts

Basil Extracts Market report categorizes global market by form, and application — Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2024
Basil Extracts Market - Global Industry Insights, Trends, Outlook,
and Opportunity Analysis, 2018–2024
Holy basil also known as Ocimum sanctum, part of the Lamiaceae family, is an adaptogen
that helps the human body to cope up with stress and helps improve mental balance. Basil
extract is antiviral, antifungal, analgesic, antibacterial, and anti-inflammatory and thus, has
myriad applications especially in the pharmaceuticals and cosmetics industries. Different
types of basil include Christmas basil, cinnamon basil, dark opal basil, lemon basil spicy
bush basil, purple ruffles basil, lime basil, sweet basil and sweet Thai basil. Holy basil is
considered to be sacred, especially in the Indian subcontinent and thus the name. It is widely
used in traditional medicines, with almost every part of the plant (leaves, stem, and seeds)
used to prepare medicines.
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Extensive research studies have been conducted therapeutic properties of basil have led to
Basil extracts have witnessed increased demand due to extensive use in medicinal and
personal care products such as those used to cure infections such as keloids, raised scars,
acne, and mouth ulcers. Basil extracts is also used in curing dental problems such as
pyorrhea, bad breath, bleeding gums, tooth decay, and is also an effective antioxidant.
Changing consumer preference characterized by higher inclination towards products made
from natural ingredients is influencing major players in the pharmaceuticals and cosmetics
industries to develop products using natural ingredients such as basil extracts. Basil extracts
also finds application in minimal amount in food and beverages industry such as herbal tea
and in preparation of pesto. Thus, increasing application areas of basil extracts is expected
to significantly boost basil extracts market revenue over the forecast period (2018–2024).
Basil oil has wide range of health benefits and is used in treating nausea, indigestion,
constipation, motion sickness, diabetes, and respiratory problems. A major application of
basil extracts and one that is projected to be a major growth driver is its application in cancer
treatment. Basil contains phytochemicals which help prevent chemical induced lung, skin,
oral and skin cancers. For instance, holy basil leaf extract decreases tumorigenicity and
metastasis of aggressive human pancreatic cancer cells in vitro and in vivo and thus can
lead to development of alternative therapies for treatment of lethal pancreatic cancer
(National Center for Biotechnology Information, U.S. National Library of Medicine, 2013).
This creates a highly lucrative growth opportunity that has led to the entry of new
manufacturers in the basil extracts market recent past. Basil extracts can also help alleviate
various health issues such as diabetes by lowering blood sugar, aid weight loss by
enhancing various metabolic functions of the body, and also helps improve blood circulation,
in turn improving overall cardiovascular health. It is also used to treat anxiety, adrenal
fatigue, and hyperthyroidism. Basil oil is a good source of Vitamin A, magnesium, iron,
calcium, and potassium and thus, is extensively used in the capsule form as a health
supplement. Besides, basil oil is also used for cooking dry fish and spicy soups.
Basil Extracts Market Outlook – Increasing inclination of consumers towards all
natural health products to create a highly lucrative market in North America​.
Asia Pacific is the major producer and consumer of basil extract and associated products,
with India being the largest producer. The region is expected to retain its dominance in the
basil extracts market over the forecast period. Increasing awareness among the populace
about the various health benefits associated with basil and growing adoption of basil in
various pharmaceutical and cosmetics products, by virtue of basil being a natural ingredient
and rising consumer inclination towards all-natural products, is expected to argue favorably
for rampant growth of the market in North America in the near future. Holy Basil has been
granted the status of 'Generally Recognized as Safe' (GRAS) by the U.S. FDA, which is
expected to pave way for increasing regulatory approval for various applications. Basil is
expected to be incorporated into packaging films to offer superior antimicrobial properties
(Study of Antimicrobial Polymeric Packaging Films Containing Basil Extracts, Panuwat
Suppakul, Victoria University, 2004). Commercialization of the same would create a new
growth avenue for basil. However, certain side-effects associated with basil extracts, such as
increase risk of liver cancer due to presence of estragole chemical, bleeding disorders, and
lower blood pressure to dangerous levels in patients with low blood pressure, inhibit market
growth to a certain extent.
Research and development of bioprocessed basil extracts is one of the key strategies
adopted by the key players to stay ahead in the basil extracts market. Some of the major
companies operating in the global basil extracts industry include NOW Foods, Kefiplant,
Amoretti, FLAVEX Naturextrakte GmbH, A.M. Todd Botanical Therapeutics, DaXingAnLing
Lingonberry Organic Foodstuffs Co., Ltd. and Arora Aromatics Pvt. Ltd.
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