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Global Basil Leaves Market Size, Share, Forecast: By Type: Fresh Basil Leaves, Dry Basil Leaves; By End Use: Food and Beverage, Pharmaceutical, Others; By Distribution Channel: Offline, Online; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Basil Leaves Market Outlook
The global basil leaves market size reached approximately USD 1611.56 million in 2023. The market is further projected to grow at a CAGR of 4.20% between 2024 and 2032, reaching a value of USD 2333.75 million by 2032.
Key Trends in the Global Basil Leaves Market
Basil leaves are obtained from the basil plant that is a member of the mint family. These large, green, and fragrant leaves are an integral part of various cuisines including Asian and Mediterranean, among others. They have a sweet and slightly peppery flavour along with cupped or toothed edges.
- Increased incorporation of basil leaves in various recipes and cuisines due to rising awareness about their high vitamin, antioxidant, and mineral content is aiding the basil leaves market growth. The antioxidants eliminate the free radicals which can cause oxidative stress, resulting in cell damage. The free radicals are unstable molecules that are formed due to smoking and metabolism, among other natural processes.
- The rising demand for basil leaves for production of hair care products due to their anti-bacterial and anti-fungal properties is offering lucrative growth opportunities to the market. Basil leaves are effective in treating dandruff, scalp irritation, itchiness, and flacking and also aid in removal of impurities and dead cells from the scalp.
- Rising consumption of fast foods including pizza and garlic bread along with growing presence of restaurants and breakfast establishments are supporting the market expansion as dry and fresh basil leaves are used as a key ingredient in preparation and garnishing of various dishes.
Global Basil Leaves Market Analysis
On the basis of type, the market is bifurcated into fresh basil leaves and dry basil leaves. Based on end use, the market is divided into food and beverage and pharmaceuticals, among others. On the basis of distribution channel, the market is categorised into offline and online. Based on region, the basil leaves market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- McCormick & Company, Inc.
- Frontier Cooperative
- Mountain Rose Herbs
- Starwest Botanicals, LLC
- Litehouse, Inc.
- Nurtured in Norfolk
- Rosa Food Products Co., Inc.
- Bixa Botanical
- Other
Global Basil Leaves Market Share by Type
Dry basil leaves are expected to account for a significant basil leaves market share in the coming years owing to their longer shelf life. They also offer various advantages including strong flavour and cost effectiveness. Dried basil leaves have a more concentrated flavour than fresh basil leaves along with an altered flavour profile making them suitable for seasoning tomato sauces, chickpeas, fish, meat, pasta, and soups, among others. Due to the savoury nature of dry basil leaves they are also used in the preparation of Italian seasonings and herbal tea blends.
Global Basil Leaves Market Share by Region
The market is anticipated to witness significant growth in the Asia Pacific over the forecast period. This growth can be attributed to the rising demand for basil leaves for preparation of various Asian cuisines including Thai and Vietnamese, among others, because of their aromatic and bold flavours. The basil leaves market demand is also increasing in the region due to growing awareness about the various health benefits associated with basil including reduction of oxidative stress, prevention of heart diseases, reduced inflammation, and protection against infections, among others.
Competitive Landscape
McCormick & Company, Inc., headquartered in Maryland, United States, is a food manufacturing and distribution company, supplying basil leaves, spices, and condiments, among other flavouring products to manufacturers and food outlets around the globe.
Mountain Rose Herbs, headquartered in Oregon, United States, is distributor, processor, and retailer of spices, teas, essential oils, and herbs. The company is known for providing sustainably sourced and organic products including, basil leaves.
Starwest Botanicals, LLC is known for supplying organic herbs, spices, essential oils, herbal extracts, and tea, among others. The company was founded in 1975 and is headquartered in California, United States.
Other basil leaves market key players include Frontier Cooperative, LLC, Litehouse, Inc., Nurtured in Norfolk, Rosa Food Products Co., Inc., and Bixa Botanical, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by End Use |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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
Key Questions Answered in the Report
The market reached a value of approximately USD 1611.56 in 2023.
The market is projected to grow at a CAGR of 4.20% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 2333.75 million by 2032.
The major market drivers include rising demand from the pharmaceutical sector due to the therapeutic properties of basil leaves and growing requirement of dry basil leaves in production of herbal tea blends and seasonings.
The key trends fuelling the growth of the market include increased utilisation of basil leaves in the production of hair care products and rising availability across various online distribution channels.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The end uses of basil leaves include food and beverage and pharmaceuticals, among others.
The key players in the market are McCormick & Company, Inc., Frontier Cooperative, Mountain Rose Herbs, Starwest Botanicals, LLC, Litehouse, Inc., Nurtured in Norfolk, Rosa Food Products Co., Inc., and Bixa Botanical, among others.
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