What is Global Basil Leaves Market?
The Global Basil Leaves Market is a comprehensive study of the worldwide market trends and growth prospects for basil leaves, a popular herb used in various cuisines and industries. This market encompasses the production, distribution, and sales of basil leaves across the globe. The market is driven by factors such as the increasing demand for fresh herbs in culinary uses, the growing awareness of the health benefits of basil leaves, and the expanding use of basil in pharmaceutical and cosmetic products. The market study provides insights into the competitive landscape, market size, growth rate, trends, and forecasts for the global basil leaves market. It also includes detailed analyses of the key market players and their strategies, as well as the challenges and opportunities in the market.
Normal Basil, Organic Basil in the Global Basil Leaves Market:
The Global Basil Leaves Market is segmented into two main types: Normal Basil and Organic Basil. Normal Basil, which accounted for about 91% of the global market sales in 2020, is the most common type of basil used in cooking and other applications. It is known for its strong flavor and aroma, making it a popular choice for various dishes. On the other hand, Organic Basil is grown without the use of synthetic pesticides and fertilizers, making it a healthier and more environmentally friendly option. The demand for Organic Basil is growing due to the increasing consumer awareness about the benefits of organic products. Both types of basil are used in various industries, including the food and beverage, pharmaceutical, and cosmetics industries.
Food and Beverage Industry, Pharmaceutical and Cosmetics in the Global Basil Leaves Market:
The Global Basil Leaves Market finds its applications in several areas, primarily the Food and Beverage Industry, Pharmaceutical, and Cosmetics. In the Food and Beverage Industry, basil leaves are used as a key ingredient in various dishes due to their unique flavor and aroma. They are also used in the production of beverages like tea and cocktails. In the Pharmaceutical industry, basil leaves are used for their medicinal properties. They are known to have anti-inflammatory, anti-bacterial, and antioxidant properties, making them useful in the treatment of various health conditions. In the Cosmetics industry, basil leaves are used in the production of skincare and hair care products due to their beneficial properties for the skin and hair.
Global Basil Leaves Market Outlook:
The outlook for the Global Basil Leaves Market is positive, with the market value expected to increase from US$ 58 million in 2023 to US$ 64 million by 2030, growing at a CAGR of 1.5% during the forecast period 2024-2030. The majority of the market share is held by Normal Basil, which accounted for about 91% of the global market sales in 2020. The Food and Beverage Industry is the largest consumer of basil leaves, accounting for about 94% of the usage in 2020. North America is the leading consumer region of the global market, holding about 51% of the market share.
| Report Metric | Details |
| Report Name | Basil Leaves Market |
| Accounted market size in 2023 | US$ 58 million |
| Forecasted market size in 2030 | US$ 64 million |
| CAGR | 1.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | McCormick, Greenwell Overseas, Sajeevan Organic, Frontier Co-op, Starwest Botanicals, Litehouse, Badia Spices, Mountain Rose Herbs, Bagatzounis, Rosa Food Products, Fresh Origins, Ambuj Naturals, Herbs Egypt, Qingdao Wanqing |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
