Basil is most
commonly used for cooking and it adds nutritional flavors and other ingredients
to the food. Basil is also called as “king of herbs” and is extensively used in
medicinal purposes. Several nutrients like calcium, zinc, iron, vitamin A and
vitamin C are present in basil. Chemicals present in basil are mainly used for
reducing body pain and inflammation and is known to help in coping up with
blood sugar levels. Characteristically, basil helps in fighting against
different bacteria that reduces septic and infections plus it helps soothing
cold cough, sore throat and fever.
Apart from health
benefits, basil offers commercial benefits too. It has economic importance and
mainly used for industrial processing. Basil oil is valued in the global market
and widely used in condiments, cosmetics and medicinal industries. From the
medicinal point of view, basil can be used in making cough syrups, skin
ointments, juices and pulps. Commercially, basil oil is used for massage in
health spa owing to anti-stress properties.
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The driving factors
responsible for the growth of basil extract market include growth in demand for
stress reducing pills. Basil being the rich source of vitamins also helps in
fighting cancer, cardiovascular diseases and treats any type of ulcers.
Characteristics such as helping in minimize blood sugar levels and
anti-bacterial infection is another driver for the growth of basil extract
market.
Moreover, growing health awareness in consumers is another significant
reason for the growth of basil extract market. Overall, with the driving
factors the market is predicted to grow at a higher CAGR for the forecast
period.
On the basis of
application, the global basil extract market is segmented into pharmaceuticals
and personal care products. Pharmaceuticals segment is expected to be the
dominant segment during the forecast period owing to benefits offered by basil
and its easy availability.
On the basis of form,
the global basil extract market is segmented into powder, capsule and oil. Oil
segment is the most popular in the market and is expected to dominate the
global market during the forecast period.
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