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Report
Global Basil Leaves Market Report and Forecast 2024-2032
Market Report I 2024-07-18 I 214 Pages I EMR Inc.
Global Basil Leaves Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global basil leaves market size reached approximately USD 1610.70 million in 2023. Aided by the increasing awareness of health benefits associated with the herb, the market is projected to grow at a CAGR of 4.20% between 2024 and 2032, reaching a value of nearly USD 2333.75 million by 2032.
Basil leaves, derived from the herb Ocimum basilicum, commonly known as basil, are celebrated for their distinctive flavour and aromatic qualities. Native to tropical regions from Central Africa to Southeast Asia, basil is a staple in various cuisines worldwide, most notably in Italian and Southeast Asian dishes. The leaves of the basil plant are used fresh or dried to enhance flavour in cooking, and the plant is also valued for its medicinal properties, which include anti-inflammatory and antibacterial effects. In addition to culinary uses, basil is utilised in traditional medicine and as a fragrance in perfumes and soaps.
The global basil leaves market has witnessed significant growth and diversification in recent years, driven by expanding culinary applications and increasing awareness of the health benefits associated with the herb. One of the primary trends in this market is the rising consumer interest in global cuisines and exotic flavours, which has led to an increased demand for fresh and authentic herbal ingredients. Basil, with its key role in Italian and Thai cooking, has benefited from this trend, seeing heightened usage in both home cooking and professional kitchens.
Another significant basil leaves market trend is the growing demand for organic and sustainably sourced herbs, including basil. Health-conscious consumers are increasingly looking for products that are free from pesticides and synthetic fertilisers, driving growth in the organic segment of the market. This shift is supported by a broader consumer movement towards organic and natural food products, reflecting concerns about health, the environment, and ethical food production practices.
Technological advancements in agriculture and herb cultivation have also influenced the basil leaves market value. Hydroponic and vertical farming techniques, which allow for the efficient use of space and resources, are becoming more prevalent. These methods not only increase yield and reduce the impact of farming on the environment but also enable year-round production of basil in climates that would not traditionally support its growth. As a result, fresh basil is becoming more accessible to consumers in temperate regions, boosting the market presence.
Furthermore, the functional food market has recognised the potential of basil leaves in health and wellness products. Basil is rich in vitamins, anti-inflammatory compounds, and antioxidants, making it an attractive addition to dietary supplements and health-focused food products. The market has seen an increase in offerings such as basil-infused drinks, nutritional powders, and wellness supplements that capitalise on the herb's health benefits.
The culinary industry continues to innovate with basil, experimenting with its use in new and diverse ways. Beyond traditional pesto and sauces, basil is being incorporated into desserts, cocktails, and artisanal foods, where its unique flavour profile can be a distinctive component. This culinary experimentation is driving the development of different varieties of basil, each with unique flavours and properties, catering to specific culinary needs and consumer preferences.
Internationally, the global basil leaves market dynamics is influenced by regional production capacities and trade flows. Asian countries, particularly India and Thailand, are major producers, leveraging their climate advantage to cultivate basil extensively. The European and North American markets are witnessing growing domestic production, aided by advanced agricultural techniques and increasing demand for locally sourced ingredients.
Challenges in the global basil leaves market development include issues related to quality preservation, storage, and transportation, particularly for fresh basil, which is highly perishable. Innovations in packaging and preservation techniques that extend shelf life without compromising quality are critical for market growth, especially in regions that depend on imported basil.
Market Segmentation
The global basil leaves market can be divided based on type, end use, distribution channel, and region.
Market Breakup by Type
- Fresh Basil Leaves
- Dry Basil Leaves
Market Breakup by End Use
- Food and Beverage
- Pharmaceutical
- Others
Market Breakup by Distribution Channel
- Offline
- Online
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global basil leaves market. Some of the major players explored in the report by Expert Market Research are as follows:
- McCormick & Company, Inc.
- Frontier Cooperative
- Mountain Rose Herbs
- Starwest Botanicals, LLC
- Litehouse, Inc.
- Nurtured in Norfolk
- Rosa Food Products Co., Inc.
- Bixa Botanical
- Other
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Basil Leaves Market Analysis
8.1 Key Industry Highlights
8.2 Global Basil Leaves Historical Market (2018-2023)
8.3 Global Basil Leaves Market Forecast (2024-2032)
8.4 Global Basil Leaves Market by Type
8.4.1 Fresh Basil Leaves
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Dry Basil Leaves
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Basil Leaves Market by End Use
8.5.1 Food and Beverage
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Pharmaceutical
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Basil Leaves Market by Distribution Channel
8.6.1 Offline
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Online
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Basil Leaves Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Basil Leaves Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Basil Leaves Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Basil Leaves Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Basil Leaves Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Basil Leaves Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 McCormick & Company, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Frontier Cooperative
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Mountain Rose Herbs
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Starwest Botanicals, LLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Litehouse, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Nurtured in Norfolk
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Rosa Food Products Co., Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Bixa Botanical
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Other
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Basil Leaves Market: Key Industry Highlights, 2018 and 2032
2. Global Basil Leaves Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Basil Leaves Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Basil Leaves Historical Market: Breakup by End Use (USD Million), 2018-2023
5. Global Basil Leaves Market Forecast: Breakup by End Use (USD Million), 2024-2032
6. Global Basil Leaves Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7. Global Basil Leaves Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8. Global Basil Leaves Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Basil Leaves Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Basil Leaves Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Basil Leaves Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Basil Leaves Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Basil Leaves Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Basil Leaves Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Basil Leaves Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Basil Leaves Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Basil Leaves Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Basil Leaves Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Basil Leaves Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Basil Leaves Market Structure
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