Basil Essential Oil Market | Health Benefits of Organic and Cold Pressed Basil Essential Oil to Boost Market Growth Duri

1. Global basil essential oil market size is forecast to grow by USD 186.5 million during 2019-2023 at a CAGR of 8%, with pharmaceuticals and cosmetics segment having the largest market share. Basil essential oil market analysis indicates growth will be driven by the health benefits of basil essential oil. Basil essential oil market industry growth will also be impacted by the increasing demand for organic and cold-pressed basil essential oil. Looking for more information on this market? Request a free sample report Health benefits of basil essential oil Awareness about the health benefits of basil essential oils is increasing significantly among consumers across the world. Basil essential oil is a natural relaxant that can help in relieving stress, nervous tension, depression, anxiety, fatigue, mental strain, migraine, and other mental conditions. It also helps in reducing skin inflammation as it contains eugenol, citronella, and linalool. Furthermore, basil essential oil is also used for treating indigestion, constipation, stomach cramps, and flatulence. Such extensive heath benefits of using basil essential oil will propel its demand during the forecast period. Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Increasing demand for organic and cold-pressed basil essential oil The organic variant of basil essential oil is gaining immense popularity worldwide as organic products are considered healthier and safer than conventional products. This has led a number of vendors in the market to offer organic variants of basil essential oil. Organic products are certified by various government bodies such as the USDA. Apart from organic products, the market is witnessing an increased demand for cold pressed basil oil, that does not involve the usage of heat to extract oil. This is because heating can degrade the oil’s flavor and nutritional quality. According to a senior analyst at Technavio for packaged foods,“Apart from the increasing demand for organic and cold-pressed basil essential oil, other factors such as the rising demand for aromatherapy, and the expanding retail space will have a significant impact on the growth of the basil essential oil market during the forecast period.”

2. Stringent regulations Government agencies across different countries have imposed stringent regulations regarding the sale, marketing, and labeling of basil essential oil. These regulations pertain to permits, the entry of new players, residual management issues, and expiry dates for products. These regulations depend on the final product in which the essential oil is used. If the final product is marketed as a medicinal product, the essential oil needs to comply with the pharmaceutical requirements. Although the stringent and varying regulations in different countries will render it difficult for companies to comply with the regulations, it will ensure the production of optimum products. Top players in the global basil essential oil market: doTERRA International Edens Garden GuruNanda NOW Foods Young Living Essential Oils Some of the key topics covered in the global basil essential oil market include: • • • • • Market Landscape Market ecosystem Market characteristics Market segmentation analysis Market Sizing • • • Market definition Market size and forecast Five Forces Analysis • • Market Segmentation Geographical Segmentation Regional comparison Key leading countries Market Drivers • • Market Challenges Market Trends Vendor Landscape Vendors covered •

3. Vendor classification Market positioning of vendors Competitive scenario • • •