According to a new market report published by Lucintel, the future of the basil oil market looks promising with opportunities in the food and beverage, cosmetics and personal, care products, home care products, therapeutic massage oil, pharmaceutical, and other industrial applications. The global basil oil market is expected to grow with a CAGR of XX% from 2020 to 2025. The major drivers for this market are increasing demand for aromatherapy as it helps to reduce stress by massaging with this basil oil, and expansion of medical, and personal care industry.
In this market, holy basil, tropical (exotic) basil, and sweet linalool basil are the major product types. Lucintel forecasts that sweet linalool basil will remain the largest segment over the forecast period because of increasing demand for basil oil in personal care products in which non-toxic variant of basil oil is present.
Within this market, food and beverage, cosmetics and personal care products, home care products, therapeutic massage oil, pharmaceutical, and other industrial applications are the major applications of basil oil. Pharmaceutical will remain the largest segment by application type over the forecast period due to consumer’s inclination towards natural medicines having efficient properties, and rising adoption of basil oil in the treatment of nervous disorders, arthritis, allergies, and anti-depressants is projected to drive growth of the segment in this market.
North America is expected to witness the highest growth over the forecast period due to the growing demand for usage of basil oil in aromatherapy and medicines which increase the demand for basil oil in this region.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global basil oil market by product type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Basil Oil Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global basil oil market by product type, application, and region as follows:
By Product Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Holy Basil
Tropical (exotic) Basil
Sweet Linalool Basil
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Food & Beverage
Cosmetics and Personal Care Products
Home Care Products
Therapeutic Massage Oil
Pharmaceutical
Other Industrial Applications
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
Germany
United Kingdom
France
Italy
Spain
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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