Global basil essential oil market size is forecast to grow by USD 186.5 million during 2019-2023 at a CAGR of 8%, with pharmaceuticals and cosmetics segment having the largest market share. Basil essential oil market analysis indicates growth will be driven by the health benefits of basil essential oil. Basil essential oil market industry growth will also be impacted by the increasing demand for organic and cold-pressed basil essential oil.