Global Basil Essential Oil Market 2024-2028
Global Basil Essential Oil Market 2024-2028
The basil essential oil market is forecasted to grow by USD 258.8 mn during 2023-2028, accelerating at a CAGR of 7.08% during the forecast period. The report on the basil essential oil market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by health benefits of basil essential oil, increasing applications of basil essential oil across various industries, and product line extension using a blend of basil essential oil with other essential oils.
Technavio's basil essential oil market is segmented as below:
By Application
- Pharmaceuticals and cosmetics
- Food and beverages
By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the expanding retail space as one of the prime reasons driving the basil essential oil market growth during the next few years. Also, rising demand for aromatherapy and increasing demand for organic and cold-pressed basil essential oil will lead to sizable demand in the market.
The report on the basil essential oil market covers the following areas:
- Basil essential oil market sizing
- Basil essential oil market forecast
- Basil essential oil market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading basil essential oil market vendors that include Balnea Spa, Blue Ridge Solutions Inc., doTERRA International LLC, Edens Garden, GuruNanda LLC, IBTM INC dba Wellington Fragrance, JE INTERNATIONAL SARL LES GRANDS PRES, Kama Ayurveda Pvt. Ltd., Macys Inc., Mountain Rose Herbs, Navada Imports LLC, Neals Yard Ltd., New Directions Aromatics Inc., NOW Health Group Inc., Oils4life Ltd., Plant Therapy, Radha Beauty, Rocky Mountain Oils LLC, Timeless Essential Oils, and Young Living Essential Oils LC. Also, the basil essential oil market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.