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NEW YORK, March 30, 2022 /PRNewswire/ — The basil essential oil market is fragmented and the vendors are deploying growth strategies such as the expansion of distribution channels to compete in the market. Balnea Spa, Blue Ridge Solutions Inc., doTERRA International LLC, Edens Garden Inc., 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 Natural Remedies Ltd., NOW Health Group Inc., Oils4life Ltd., Plant Therapy Inc., Radha Beauty Products LLC, Rocky Mountain Oils LLC, Timeless Essential Oils, Young Living Essential Oils, and New Directions Aromatics Inc. are some of the major market participants. The basil essential oil market is set to grow by USD 312.69 million from 2021 to 2026, progressing at a CAGR of 8.33% according to the latest market report by Technavio.
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Basil Essential Oil Market 2022-2026: Scope
Our basil essential oil market report covers the following areas:
Basil Essential Oil Market 2022-2026: Drivers & Challenges
The key factor driving the global basil essential oil market growth is the health benefits of basil essential oil. The oil, applied topically or inhaled, provides relief from migraines, nervous tension, anxiety, depression, fatigue, mental strain, and other mental conditions. Basil essential oil contains eugenol, citronella, and linalool, which help in reducing skin inflammation. It can be used for treating indigestion, constipation, stomach cramps, and flatulence. It is also used for alleviating bowel pain. Massaging with basil essential oil provides relief from fatigue, aching muscles, sore muscles, and muscle pains. Basil essential oil contains phytochemicals that help in maintaining healthy skin and protect skin cells and tissues through selective fortification. The health benefits of basil essential oil are expected to promote the sales of basil essential oil products during the forecast period.
However, the challenge in the growth of the global basil essential oil market is the increasing competition from alternative essential oils such as lavender oil, peppermint oil, and lemongrass oil. For instance, in May 2018, Arbonne International, LLC launched pure essential oil blends, including Arbonne Rescue & Renew Pure Essential Oils in tea tree blend. In August 2018, Isagenix Worldwide LLC. launched a new line of essential oils designed to fulfill various health and wellness needs of consumers. The increasing competition from other essential oil products can impede the growth of the basil essential oil market during the forecast period. Hence, the players in the global basil essential oil market will need to devise innovative strategies to differentiate their products and launch aggressive marketing campaigns to gain traction in the market during the forecast period.
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Basil Essential Oil Market 2022-2026: Segmentation Analysis
Basil Essential Oil Market 2022-2026: Revenue Generating Segment & Regional Analysis
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Basil Essential Oil Market 2022-2026: Key Highlights
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Related Reports:
Basil Essential Oil Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 8.33%
Market growth 2022-2026
USD 312.69 million
Market structure
Fragmented
YoY growth (%)
7.27
Performing market contribution
Europe at 28%
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
Balnea Spa, Blue Ridge Solutions Inc., doTERRA International LLC, Edens Garden Inc., 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 Natural Remedies Ltd., NOW Health Group Inc., Oils4life Ltd., Plant Therapy Inc., Radha Beauty Products LLC, Rocky Mountain Oils LLC, Timeless Essential Oils, Young Living Essential Oils, and New Directions Aromatics Inc.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table Of Contents :
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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