Basil Essential Oil Market by Application and Geography - Forecast and Analysis 2022-2026

Published: Mar 2022

Pages: 130

SKU: IRTNTR72824

Snapshot

The basil essential oil market share is expected to increase by USD 312.69 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.33%.

This basil essential oil market research report extensively covers basil essential oil market segmentation by application (pharmaceuticals and cosmetics and food and beverages) and geography (Europe, North America, APAC, South America, and Middle East and Africa). The basil essential oil market report also offers information on several market vendors, including 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. among others.

What will the Basil Essential Oil Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Basil Essential Oil Market Size for the Forecast Period and Other Important Statistics

Basil Essential Oil Market: Key Drivers, Trends, and Challenges

The health benefits of basil essential oil is notably driving the basil essential oil market growth, although factors such as increasing competition from other essential oils may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the basil essential oil industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Basil Essential Oil Market Driver

One of the key factors 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.

Key Basil Essential Oil Market Trend

The expansion of the retail space is a key global basil essential oil market trend that will have a positive impact on the growth of the market in the forecast years. Walmart, Costco Wholesale Corporation, Kroger, and Schwarz GmbH & Co KG are some of the leading players that have a global presence. The retail market in APAC is growing faster than Europe and North America due to strong economic growth in countries in the region. The convenience offered by online channels is one of the main factors pulling traffic to these sites. The traditional sales channel for basil essential oil products has always been supermarkets, hypermarkets, and convenience stores. These stores house many brands offered by different players. The sales of basil essential oil through supermarkets and hypermarkets are also increasing due to a high preference for home-cooked food with enriched flavors. Such factors will further support the market growth in the coming years.

Key Basil Essential Oil Market Challenge

One of the challenges 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.

This basil essential oil market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Basil Essential Oil Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

This statistical study of the basil essential oil market encompasses successful business strategies deployed by the key vendors. 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.

Product Insights and News

Balnea Spa - The company offers basil essential oil that has a light, fresh, sweet-spicy aroma, almost balmic in temperament, and is ideal for clearing the mind and aiding concentration, under the brand name of Eve Taylor.
Balnea Spa - Under the unifies segment, the company offers products such as skin care, age resist, age resist, solar protection, serums, aromatherapy, and body wellness.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The basil essential oil market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Basil Essential Oil Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the basil essential oil market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Basil Essential Oil Market?

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28% of the market's growth will originate from Europe during the forecast period. Germany and The Netherlands are the key markets for basil essential oil in Europe. However, market growth in this region will be slower than the growth of the market in other regions.

The high demand for basil essential oil owing to the increase in awareness about the health benefits of basil essential oil and various applications of basil essential oil across several industries such as pharmaceutical, cosmetics, and food and beverages will facilitate the basil essential oil market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic had a negative impact on the regional basil essential oil market. Vendors in the market faced supply chain disruptions due to shortages of raw materials. However, in H2 2020, import restrictions had eased due to the availability of vaccines. Further, in Q3 of 2021, basil distillation plants in the region resumed operations. The rise in the application of basil essential oil across industries, the increase in the launch of products containing basil essential oil, and the growing popularity of aromatherapy among consumers are likely to drive the market in Europe during the forecast period.

Parent Market Analysis

Technavio categorizes the basil essential oil as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the basil essential oil market during the forecast period.

What are the Revenue-generating Application Segments in the Basil Essential Oil Market?

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The basil essential oil market share growth by the pharmaceuticals and cosmetics segment will be significant during the forecast period. The application of basil essential oil in the pharmaceuticals and cosmetic segment is expected to increase significantly in the forecast years owing to its various health benefits and, thereby, aid the growth of the global basil essential oil in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the basil essential oil market size and actionable market insights on post COVID-19 impact on each segment.

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	$ 312.69 million
Market structure	Fragmented
YoY growth (%)	7.27
Regional analysis	Europe, North America, APAC, South America, and Middle East and Africa
Performing market contribution	Europe at 28%
Key consumer countries	US, Canada, China, Germany, and The Netherlands
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key 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 recovery analysis and future consumer dynamics, Market condition analysis for 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.

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What are the Key Data Covered in this Basil Essential Oil Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive basil essential oil market growth during the next five years
Precise estimation of the basil essential oil market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the basil essential oil industry across Europe, North America, APAC, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of basil essential oil market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application

5.3 Pharmaceuticals and cosmetics - Market size and forecast 2021-2026
- Exhibit 28: Chart on Pharmaceuticals and cosmetics - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Pharmaceuticals and cosmetics - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Pharmaceuticals and cosmetics - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Pharmaceuticals and cosmetics - Year-over-year growth 2021-2026 (%)

5.4 Food and beverages - Market size and forecast 2021-2026
- Exhibit 32: Chart on Food and beverages - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Food and beverages - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Food and beverages - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Food and beverages - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Application
- Exhibit 36: Market opportunity by Application ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison

7.3 Europe - Market size and forecast 2021-2026
- Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.4 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.5 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 Germany - Market size and forecast 2021-2026
- Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.10 The Netherlands - Market size and forecast 2021-2026
- Exhibit 70: Chart on The Netherlands - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on The Netherlands - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on The Netherlands - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on The Netherlands - Year-over-year growth 2021-2026 (%)

7.11 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

7.12 Canada - Market size and forecast 2021-2026
- Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption

9.4 Industry risks
- Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 87: Vendors covered

10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification

10.3 Balnea Spa
- Exhibit 89: Balnea Spa - Overview
- Exhibit 90: Balnea Spa - Product / Service
- Exhibit 91: Balnea Spa - Key offerings

10.4 Blue Ridge Solutions Inc.
- Exhibit 92: Blue Ridge Solutions Inc. - Overview
- Exhibit 93: Blue Ridge Solutions Inc. - Product / Service
- Exhibit 94: Blue Ridge Solutions Inc. - Key offerings

10.5 doTERRA International LLC
- Exhibit 95: doTERRA International LLC - Overview
- Exhibit 96: doTERRA International LLC - Product / Service
- Exhibit 97: doTERRA International LLC - Key offerings

10.6 Edens Garden Inc.
- Exhibit 98: Edens Garden Inc. - Overview
- Exhibit 99: Edens Garden Inc. - Product / Service
- Exhibit 100: Edens Garden Inc. - Key offerings

10.7 GuruNanda LLC
- Exhibit 101: GuruNanda LLC - Overview
- Exhibit 102: GuruNanda LLC - Product / Service
- Exhibit 103: GuruNanda LLC - Key offerings

10.8 JE INTERNATIONAL SARL LES GRANDS PRES
- Exhibit 104: JE INTERNATIONAL SARL LES GRANDS PRES - Overview
- Exhibit 105: JE INTERNATIONAL SARL LES GRANDS PRES - Product / Service
- Exhibit 106: JE INTERNATIONAL SARL LES GRANDS PRES - Key offerings

10.9 Kama Ayurveda Pvt. Ltd.
- Exhibit 107: Kama Ayurveda Pvt. Ltd. - Overview
- Exhibit 108: Kama Ayurveda Pvt. Ltd. - Product / Service
- Exhibit 109: Kama Ayurveda Pvt. Ltd. - Key offerings

10.10 Navada Imports LLC
- Exhibit 110: Navada Imports LLC - Overview
- Exhibit 111: Navada Imports LLC - Product / Service
- Exhibit 112: Navada Imports LLC - Key offerings

10.11 NOW Health Group Inc.
- Exhibit 113: NOW Health Group Inc. - Overview
- Exhibit 114: NOW Health Group Inc. - Product / Service
- Exhibit 115: NOW Health Group Inc. - Key offerings

10.12 Young Living Essential Oils
- Exhibit 116: Young Living Essential Oils - Overview
- Exhibit 117: Young Living Essential Oils - Product / Service
- Exhibit 118: Young Living Essential Oils - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 119: Inclusions checklist
- Exhibit 120: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 121: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 122: Research methodology
- Exhibit 123: Validation techniques employed for market sizing
- Exhibit 124: Information sources

11.5 List of abbreviations
- Exhibit 125: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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