Lucintel Blog: Lucintel Forecasts Basil Oil Market to Grow at a CAGR of XX% from 2020 to 2025

Friday, August 26, 2022

Lucintel Forecasts Basil Oil Market to Grow at a CAGR of XX% from 2020 to 2025

According to the recent study the Basil Oil Market is projected to grow at a CAGR of XX% from 2020 to 2025. Growth in this market is primarily driven by increasing demand for aromatherapy as it helps to reduce stress by massaging with this basil oil, and expansion of medical, and personal care industry.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in basil oil market by product type (holy basil, tropical (exotic) basil, and sweet linalool basil), application (food & beverage, cosmetics and personal care products, home care products, therapeutic massage oil, pharmaceutical, and other industrial applications), and region (North America, Europe, Asia Pacific, and Rest of the World).

Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/basil-oil-market.aspx

“Food and beverage market is expected to remain the largest segment during the forecast period.”

Based on application, the basil oil market is segmented into food & beverage, cosmetics and personal care products, home care products, therapeutic massage oil, pharmaceutical, and other industrial applications. Lucintel forecasts that the food and beverage market is expected to remain the largest segment due to increased consumer demand for organic acid-fortified food & beverages, owing to their antioxidant and preservative properties.

“Asia pacific will dominate the basil oil market in near future.”

Asia-Pacific is expected to witness the highest growth over the forecast period due to growing consumer awareness about benefits of Basil Oil, availability of products, and high consumption of Basil Oil product, relatively lower operational costs in this region enable manufacturers to have competitive pricing on a global platform.

Download Brochure of this report by clicking on https://www.lucintel.com/basil-oil-market.aspx.

Major players of basil oil market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Albert Vieille, Berje, Elixens, Ernesto Ventos, Fleurchem, H.Interdonati, and Indukern Internacional are among the major basil oil providers.

This unique 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 click on this link https://www.lucintel.com/basil-oil-market.aspx or helpdesk@lucintel.com.

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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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