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Some of the major companies operating in the basil extracts market are:
These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
U.S. market recorded USD 255.1 million revenue in 2022, owing to the presence of diverse population and the higher demand for basil extracts in various cuisines, including Italian, Thai, and Mediterranean in the region.
Naturex (now part of Givaudan), Arjuna Natural Pvt. Ltd., Nutra Green Biotechnology Co., Ltd., Indena S.p.A., Amoretti, Synthite Industries Ltd., Mountain Rose Herbs, Nature's Answer, and NutraMarks, Inc. are some of the major basil extracts companies worldwide.
The liquid form segment was valued at USD 575 million revenue in 2022, on account of its ability to enhance the flavor of various food and beverage products for catering to consumer taste preferences.
The market size of basil extracts reached USD 1100 million in 2022 and is set to cross USD 1552 million by 2032, due to the increasing consumer preference for natural and organic ingredients in food, beverages, and personal care products worldwide.