DUBLIN--(BUSINESS WIRE)--The "Global Basil Essential Oil Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The basil essential oil market will register a CAGR of almost 8% by 2023.
Increasing applications of basil essential oil in pharmaceutical, cosmetics, and food & beverages industries
Basil essential oil has found widescale application as a key ingredient in various food and beverage products. In addition, they are also used for preparing salad dressings.
In addition, basil oil has is used for cosmetic purposes, as it's an anti- inflammatory property makes it an effective remedy for skin irritations, wounds, and sores. Hence, it is used in the preparation of skin cream formulations. The wide application of basil essential oil is expected to promote the basil essential oil products during our forecasted period.
Health benefits of basil essential oil
One of the growth drivers of the global basil essential oil market is the health benefits of basil essential oil. The awareness among oil is increasing, which is expected to increase the demand for basil essential oil during the forecast period.
Increasing competition from other essential oils
One of the challenges in the growth of global basil essential oil market is the increasing competition from alternative essential oils such as lavender oil, peppermint oil. and lemongrass oil. The new product launches and innovations in substitute product categories will increase the threat from alternative essential oils during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the basil essential oil market during the 2019-2023, view this report.
Competitive Landscape
The market appears to be moderately fragmented and with the presence of several vendors. The vendors in the market are expanding their distribution channels, which will improve the sales for the market.
This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.
Key Players
- doTERRA International
- Edens Garden
- GuruNanda
- NOW Foods
- Young Living Essential Oils
Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Comparison by application
- Pharmaceuticals and cosmetics - Market size and forecast 2018-2023
- Food and beverages - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- Europe - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
- Expanding retail space
- Rising demand for aromatherapy
- Increasing demand for organic and cold-pressed basil essential oil
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- doTERRA International
- Edens Garden
- GuruNanda
- NOW Foods
- Young Living Essential Oils
For more information about this report visit https://www.researchandmarkets.com/research/drm7l6/global_basil?w=4
