Ocimum Basilicum Herb Extract Market size was valued at USD 500 Million in 2024 and is forecasted to grow at a CAGR of 8.5% from 2026 to 2033, reaching USD 1 Billion by 2033.
The global Ocimum Basilicum herb extract market was valued at USD 225.67 million in 2023, with projections indicating growth to USD 345.10 million by 2030, reflecting a compound annual growth rate (CAGR) of 6.25% from 2024 to 2030. In 2023, North America accounted for USD 65.33 million, Europe USD 72.11 million, Asia Pacific USD 55.78 million, Latin America USD 18.95 million, and the Middle East & Africa USD 13.50 million. The market is segmented by type into liquid (USD 135.40 million) and solid (USD 90.27 million), and by application into skin care products (USD 110.89 million), hair care products (USD 57.35 million), cosmetics (USD 44.75 million), and other uses (USD 12.68 million).
Asia Pacific, holding approximately 65% of the global market share in 2023, is anticipated to maintain dominance due to increased production and utilization of basil extracts, particularly in traditional Indian and Chinese medicine. North America is projected to experience the highest CAGR during the forecast period, driven by a strong consumer base in the U.S. and growing awareness of the health benefits associated with basil extract consumption. Additionally, advancements in extraction technologies, such as supercritical CO2 extraction, are expected to enhance yield and bioactive compound retention, offering new opportunities for market expansion across various sectors.
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Bioveda Naturals
Symrise
Carrubba
Akott
Campo Research
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Ocimum Basilicum Herb Extract Market
Liquid Extracts
Powdered Extracts
Essential Oil Extracts
Capsules/Tablets
Food and Beverage Industry
Pharmaceuticals
Cosmetics and Personal Care Products
Natural Remedies and Supplements
Steam Distillation
Solvent Extraction
C02 Extraction
Cold Press Extraction
Online Retail
Offline Retail
Wholesale Distributors
Direct Sales
Food Manufacturers
Cosmetic Brands
Health and Wellness Companies
Pharmaceutical Companies
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Ocimum Basilicum Herb Extract Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Ocimum Basilicum Herb Extract Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Ocimum Basilicum Herb Extract Market, By Type
6. Global Ocimum Basilicum Herb Extract Market, By Application
7. Global Ocimum Basilicum Herb Extract Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Ocimum Basilicum Herb Extract Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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