Basil
oil is obtained from the herb known as Ocimum basilicum. Basil oil is
known to be originated from Asia -Pacific Islands but is currently
grown all over the world. Basil oil is considered to have several
beneficial medicinal properties and is traditionally used to treat
common ailments cough, allergies, nervous disorders and headaches.
Due to its anti-inflammatory properties, basil oil is also used to
cure cuts and wounds.
Furthermore,
basil oil has a naturally sweet taste and is widely used as a flavor
enhancer in food industries. Basil oil is known to have
anti-microbial properties and also finds major applications in
applications in cosmetics. It is used in skin treatments for cure of
acne and other skin infections. It is also used in various hair care
products either directly or in the form of blended oil with other
medicinal ingredients.
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Market
Segmentation:
The
segmentation of basil oil market is done on the basis of type,
application, and region.
On
the basis of type, the market is segmented into holy basil, tropical
(exotic) basil and Sweet Linalool Basil. Holy basil is native to
India and is commonly referred to as Tulsi and is considered a holy
plant with a wide variety of medicinal values. Sweet linalool basil
is a relatively non-toxic variant of basil oil and is used
extensively in the personal care products. Tropical basil oil is
characterized by a strong, camphor like aroma and is used as a
rejuvenant and to treat respiratory conditions.
Based
on the applications, basil oil market can be segmented into food &
beverage, cosmetics and personal care products, home care products,
therapeutic massage oil, pharmaceutical and other Industrial
Applications. Basil oil is used in pharmaceuticals because of its
properties which include its use in treatment of arthritis, nervous
disorders, use as an anti-depressant, against allergies etc. due to
all these medicinal properties, the pharmaceutical segment of basil
oil products is expected to grow at a strong rate.
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Market
Regional Outlook:
Geographically,
the global basil oil market can be divided by major regions which
include North America, Latin America, Western Europe, Eastern Europe,
Asia Pacific excluding Japan, Japan and Middle East and Africa.
Asia
Pacific is found to be contributing major revenue of basil oil market
both in consumption as well as in production. Due to the advantages
and wide applications, the demand of basil oil is found to be
increasing in North America which will help in increasing the basil
oil product’s demand in the global market.
Market
Drivers and Trends:
Basil
oil is used as a massage oil and is known to reduce inflammation and
for the treatment of muscle and joint pains. Basil oil is also used
in aromatherapy as it helps in reducing stress. Due to the
increasingly hectic lifestyle of people and associated health
concerns, there is always an increased demand of stress reducing
solutions. This plays a major role in strengthening the basil oil
product market globally.
Basil
oil is used in cosmetic products because of its property to promote
hair growth and keeping the skin healthy. Women all over the globe
have increased the use of cosmetic products which are natural, herbal
and do not cause any harmful side effects. Basil oil in its pure form
is free of any harmful chemicals which increase their popularity
amongst women and also increases the basil oil product demand. Basil
oil products are also used in treatment of respiratory disorders.
They are widely used in cough syrups in soothing sore throats. The
wide applications of basil oil in pharmaceuticals are one of the
major key drivers of basil oil market.
Basil
oil Market Key Players:
Some
of the key players in basil oil market are Daulos Organic Products,
Organic harvest, La Tourangell, HEALTHAID LIMITED, aKARZ, etc. The
increasing popularity of herbal and natural products amongst people
has made the market demand of existing players prominent and new
players are expected to enter the global basil oil market in near
future.
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