NEW YORK, March 11, 2019 — About this market
The increasing applications of basil essential oil in pharmaceutical, cosmetics, and food and beverages industries are another factor driving the growth of global basil essential oil market. 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, cosmetic purposes, and maintaining healthy skin. 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. Our analysts have predicted that the basil essential oil market will register a CAGR of almost 8% by 2023.
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