Global Basil Essential Oil Market Size, Trends and Growth Opportunity, By Nature (organic and conventional), By End Use (food & beverages industry, cosmetics & personal care, pharmaceuticals, aromatherapy), By Distribution channel (business to business, b

Global Basil Essential Oil Market Size, Trends and Growth opportunity, By nature (organic and conventional), By end use (food & beverages industry, cosmetics & personal care, pharmaceuticals, aromatherapy), By distribution channel (business to business, business to consumer), By region and forecast till 2027.

Global Basil Essential Oil Market

The global basil essential oil market was valued at US$88.9 million in 2021 and it is expected to reach at US$156.9 million in 2027 at a CAGR of 6% during forecast period 2022-2027.

Typically, basil leaves and flowering tops are used to make essential oil. French basil, sweet basil, and European basil are all names for basil essential oil. The hue of the essential oil is a light greenish-yellow, and it has a watery consistency. The peppery, unique, and mild scent gives combinations a wonderful green top note. Exotic basil, fragrant basil oil, sweet linalool basil, holy basil, and tropical basil are just a few of the many scents available in basil essential oil. Holy basil and sweet linalool basil essential oils are becoming more well-known due to their extensive application in the pharmaceutical industry.

Market Drivers

Over the course of the projected period, the demand for basil oil from the pharmaceutical industry is likely to grow. For example, basil oil is increasingly being used as a massage oil to ease sensitivity and treat joint and muscle discomfort. Furthermore, it is anticipated that the market would develop as a result of the expanding use of basil oil in aromatherapy. As more individuals become aware of the health benefits of basil oil, basil oil sales are anticipated to increase in the future. These health advantages are elevating consumer demand, leading to an uptick in sales, which will probably propel the industry forward. The alteration of people's lives results in increased health hazards, which is a significant element in the market's expansion.

Market Restraints

The increased competition from other essential oils is restricting the market's ability to grow. Throughout the expected time period, basil oil's high price will continue to restrain the market's growth. Additionally, basil contains estragole, which has been proven to induce liver cancer in test animals. Basil oils should be avoided by those with bleeding disorders and eliminated from their diet since they may decrease blood thickening and increase the risk of bleeding, which is impeding the market's growth.

COVID-19 Impact on Basil Essential Oil Market

Numerous industries' operations have either been temporarily halted or are running with fewer employees as a result of the mandatory lockdowns and limitations that different regulatory authorities have implemented in the wake of the recent COVID-19 outbreak. The global market for basil oil is no different, and because of this, the industry's revenue growth is predicted to suffer greatly. In addition, the high installation and maintenance costs of this equipment may restrain the global basil oil market's ability to increase sales over the projected period.

Market Segmentation

The global basil essential oil market segmented on the basis of nature, end use and distribution. On the basis of nature it segmented into organic and conventional. On the basis of end use it segmented into food & beverages industry, cosmetics & personal care, pharmaceuticals, aromatherapy. On the basis of distribution it segmented into business to business and business to consumer which is further segmented into hypermarket/supermarket, speciality stores and online retail.

Regional Analysis

The global basil essential oil market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. The Asia Pacific region held the largest market share in 2021. Due to the large number of producers in countries like China and India in the Asia Pacific region, the market for basil oil is significant. The food and beverage, cosmetics, and personal care industries are predicted to increase their need for basil oil, which will expand the Asia Pacific basil oil market.

Key Players

Various key players are listed in this report such as Balnea Spa, Blue Ridge Botanicals Co. Ltd., Mountain Rose Herbs, Wellington Fragrance, Kama Ayurveda Pvt. Ltd., Macys Inc., Edens Garden Inc., Rocky Mountain Oil LLC, Plant Therapy Inc., and Givaudan.

Market Taxonomy

By Nature

Organic

Conventional

By End Use

Food & Beverages Industry

Cosmetics & Personal Care

Pharmaceuticals

Aromatherapy

By Distribution Channel

Business To Business

Business To Consumer

 Hypermarket/Supermarket

 Speciality Stores

 Online Retail

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Key Question Addressed by the Report

What are the Key Opportunities in Global Basil Essential Oil Market?

What will be the growth rate from 2022 to 2027.

Which segment/region will have highest growth?

What are the factors that will impact/drive the Market?

What is the role of key players in the value chain?

What is the competitive Landscape in the industry?