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Basil Extracts Market – Increasing inclination of consumers towards all natural health products to create a highly lucrative market in North America.
For more information: https://goo.gl/nP7RPWA major application of basil extracts and one that is projected to be a major growth driver is its application in cancer treatment. Asia Pacific is the major producer and consumer of basil extract and associated products, with India being the largest producer. The region is expected to retain its dominance in the basil extracts market over the forecast period. Increasing awareness among the populace about the various health benefits associated with basil and growing adoption of basil in various pharmaceutical and cosmetics products, by virtue of basil being a natural ingredient and rising consumer inclination towards all-natural products, is expected to argue favorably for rampant growth of the market in North America in the near future.
Holy Basil has been granted the status of 'Generally Recognized as Safe' (GRAS) by the U.S. FDA, which is expected to pave way for increasing regulatory approval for various applications.Basil is expected to be incorporated into packaging films to offer superior antimicrobial properties (Study of Antimicrobial Polymeric Packaging Films Containing Basil Extracts, Panuwat Suppakul, Victoria University, 2004). Commercialization of the same would create a new growth avenue for basil. However, certain side-effects associated with basil extracts, such as increase risk of liver cancer due to presence of estragole chemical, bleeding disorders, and lower blood pressure to dangerous levels in patients with low blood pressure, inhibit market growth to a certain extent.
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