Global Basil Extracts Market is Growing Rapidly as Industry Leader Martin Bauer Group Completed Acquisition of a manufacturer of plant-based ingredients in the U.S. BI Nutraceuticals

 

Basil, also called Ocimum Basilicum or Saint Joseph's wart is an herbaceous plant that is grown in different kinds of cuisines from Southeast Asia to Central Africa. It is an old perennial plant that grows up to four feet tall and has gray-green leaves. It is often used in blending and cooking sauces, or in making marmalades and salsas.

Increasing prevalence of stress, hypertension, and high blood pressure is expected to drive growth of the global basil extracts market. According to the World Health Organization (WHO), in 2019, around 1.13 billion people across the globe were suffering from hypertension or elevated blood pressure. It is one of the most serious medical conditions and increases the risk of stroke, heart, and kidney significantly. According to the Centers for Diseases Control and Prevention (CDC), around 108 million U.S. adults had hypertension in 2018. Furthermore, according to the American Institute of Stress, in 2020, around 33% of people report extreme stress in the U.S. Basil extract is used in stress-reducing pills. As a matter of fact, basil is a rich source of vitamins and helps in fighting cardiovascular diseases. Hence, these factors are expected to drive growth of the global basil extracts market. Furthermore, growing health awareness among consumers regarding the nutritional properties of basil is expected to boost the global basil extracts market growth in the near future.

However, certain side-effects related to basil extracts such as high risk of liver cancer due to the presence of estragole chemical is expected to restrain growth of the global basil extracts market in the near future. Besides, rising use of basil in the treatment of indigestion, motion sickness, and diabetes can present lucrative growth opportunities in the global basil extracts market. Among regions, Asia Pacific is expected to witness significant growth in the global basil extracts market. This is owing to high production and consumption of basil in emerging economies, especially India. Furthermore, North America is expected to register a robust growth rate, owing to increasing consumer inclination towards all-natural products in the region.

Key companies involved in the global basil extracts market are Penta Manufacturing Company, NOW Foods, Martin Bauer Group, DaXingAnLing Lingonberry Organic Foodstuffs Co., Ltd., Kefiplant, A.M., FLAVEX Naturextrakte GmbH, Cepham Inc., Todd Botanical Therapeutics, and Amoretti.

For instance, in March 2019, Martin Bauer Group, a German botanical products supplier, acquired BI Nutraceuticals, a manufacturer of plant-based ingredients in the U.S.