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Basil Extracts Market- Global Industry Insights, Trends,
Outlook, and Opportunity Analysis, 2018-2026
Basil Extracts Market Overview
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.
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 (2016–2024).
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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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Author
pallavi.reddy
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