#Boswellia Market Outlook

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Boswellia Market - Forecast (2022 - 2027)

 Boswellia Market size is estimated to reach $86.4 million by 2027, growing at a CAGR of 3.9% during the forecast period 2022-2027. Boswellia, also termed Indian frankincense, is a herbal extract typically collected from the Boswellia serrata tree. Resin prepared from Boswellia extract has been utilized for centuries in Asian and African folk medicine. It is thought to treat incessant inflammatory sicknesses and a count of additional health conditions. Boswellia is accessible as a resin, pill, or cream. Food supplements like curcumin and Boswellia serrata have been utilized conventionally for anti-inflammatory purposes. Boswellia species are essentially hermaphroditic or dioecious. The inflorescences are in heaps or panicles and are up to 25 centimeters long. The effective application of Boswellia also named Indian frankincense as an essential oil for stress alleviation at the time of aromatherapy is set to drive the Boswellia Market. The soaring application of Boswellia in herbal medicinal products for joint health is set to propel the growth of the Boswellia Market during the forecast period 2022-2027. This represents the Boswellia Industry Outlook.

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Report Coverage

The report: “Boswellia Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Boswellia Market.

By Product Type: Resins, Essential Oils, Extracts.

By Source: Boswellia Papyrifera, Boswellia Sacra, Boswellia Serrata, Boswellia Cartetii, Others.

By Application: Joint Health, Stress/Anxiety Relief, Anti-inflammation, Asthma, Digestive Disorders, Incense, Others.

By End Use: Food Supplements, Herbal Medicinal Products, Aromatherapy, Personal Care Products, Others.

By Geography: North America (U.S, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, Rest of South America), and Rest Of The World (Middle East, Africa).

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Key Takeaways

Geographically, North America Boswellia Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the soaring consumer base in the food industry in conjunction with expanding health awareness with a heightened inclination of consumers towards nutritious diet including food supplements in the North American region.

Boswellia Market growth is being driven by the surging demand for organic constituents in personal care products involving herbal extracts owing to the expanding consciousness about the advantages of greener products. However, Boswellia may raise the blood flow in the uterus and therefore is not recommended for pregnant and nursing women and this is one of the major factors hampering the growth of the Boswellia Market. 

Boswellia Market Detailed Analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Boswellia Market report.

Boswellia Market Segment Analysis – By Product Type:

The Boswellia Market based on product type can be further segmented into Resins, Essential Oils, and Extracts. The Extracts Segment held the largest market share in 2021. This growth is owing to the extensive demand for Boswellia extracts in the pharmaceutical industry. Boswellia is also termed frankincense. The soaring application of Boswellia extracts in the manufacturing and cosmetic industry is further propelling the growth of the Extracts segment.

Furthermore, the Essential Oils segment is estimated to grow with the fastest CAGR of 4.3% during the forecast period 2022-2027 owing to the proliferating application of essential oils including Boswellia in an extensive series of conventional, substitute, or complementary therapies included under aromatherapy alleviating stress and anxiety with Boswelia also being termed as frankincense and the surging application of oil in food, cosmetics, soaps, and drinks.

Boswellia Market Segment Analysis – By Application

The Boswellia Market based on the application can be further segmented into Joint Health, Stress/Anxiety Relief, Anti-inflammation, Asthma, Digestive Disorders, Incense, and Others. The Joint Health Segment held the largest market share in 2021. This growth is owing to the soaring application of dietary supplements including Boswellia to manage joint health. Boswellia is also termed “frankincense “. The expanding population of the elderly being susceptible to joint ailments owing to loss of appetite, weakening of the bones, pain in the joints and the adulterated environment is further propelling the growth of this segment.

Furthermore, the Anti-inflammation segment is estimated to grow with the fastest CAGR of 4.5% during the forecast period 2022-2027 owing to the surging application of Boswellia extracts with anti-inflammatory characteristics that can be utilized as an efficient painkiller in case of arthritis with Boswellia serrata generating Indian frankincense.

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Boswellia Market - Drivers

Surging Advantages Of Boswellia Extract to attend inflammatory conditions Are Projected To Drive The Growth Of the Boswellia Market:

The herb Boswellia serrata, also termed Indian frankincense or Salai guggul, has been utilized in India for centuries to attend to inflammatory conditions like osteoarthritis and asthma. Boswellia extract includes beneficial compounds termed boswellic acids that combat inflammation and decrease oxidative stress. Boswellia bars 5-lipoxygenase (5-LOX), an enzyme engaged in inflammation, and the action of inflammatory proteins termed cytokines. People frequently partake in a Boswellia supplement in the form of capsules or tablets. However, it is also accessible as Boswellia serrata oil or Boswellia tea. One of the principal applications of Boswellia is for joint pain and stiffness which are symptoms frequently endured by individuals with osteoarthritis of the knee, hip, and hand. Boswellia and curcumin are frequently investigated together for their capacity to back a healthy inflammatory response. There is no standard suggested dose of Boswellia. Distinct doses have been utilized in investigations exploring the health advantages. In arthritis investigations,100 mg to 1000 mg of Boswellia extracts or 300 mg to 600 mg of Boswellia with additional herbs were utilized every day. The surging advantages of Boswellia Extract are therefore fuelling the growth of the Boswellia Market during the forecast period 2022-2027.

Boswellia Market – Challenges

Side-Effects Of Boswellia On Liver Are Hampering The Growth Of The Boswellia Market:

The dosage of Boswellia is subject to the percentage of boswellic acids. Standard dosages include 30–40% boswellic acid. This is commensurate to a dose of 300–500 mg two to three times a day (Maroon et al., 2010 ). Boswellia serrata is also termed Frankincense. Boswellia is acknowledged as an organic pain reliever by itself. Therefore, when integrated with additional analogous acting medications like ibuprofen, aspirin, or naproxen it could have harmful impacts on the liver. For that reason, integrating them is not suggested. Certain investigations demonstrate that Boswellia may organically stabilize blood sugar levels already in the normal range, which could be beneficial for those with endocrine ailments. For this reason, though, it is vital that the herb is not utilized in medicines to control blood sugar are already being partaken owing to Boswellia barring their impacts. These issues are thus hampering the growth of the Boswellia Market.

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Boswellia Industry Outlook:

Novel product launches, mergers, and acquisitions, strategic partnerships, collaborations, joint ventures, R&D, and expansion of global retail chains with increasing product lines and product portfolios are key strategies adopted by players in the Boswellia Market. Key companies in this market are:

Sabinsa Corporation

Arjuna Natural Extracts Ltd.

PLT Health Solutions Inc.

Alchem International Private Limited

Gurjar Phytochem Pvt. Ltd.

S.A. Herbal Bioactives LLP.

Alpspure Lifesciences Private Limited

NOW Foods

Venkatesh Naturals Extract Pvt. Ltd.

Herbal Creations

Recent Developments

In February 2022, PLT Health Solutions, Inc. declared that it has united with Botanical Liaisons, LLC (Boulder, CO) to engage in a sustainability audit of Indian Boswellia serrata gum resin harvesting and collection practices associated with its application in an extensive series of nutritional supplement uses. The audit assessed sustainability through in-country interviews of field workers, resin consolidators, ingredient manufacturers, and government officials. The third-party audit was subject to an extensive series of environmental, cultural, and economic parameters and deduced: It is evident from the information accumulated from the stakeholders that [sustainability] is backed.

In February 2022, PLT Health Solutions, Inc. declared that Earthlight® Whole Food Vitamin D accepted authorization from the Brazilian Health Regulatory Agency (Agência Nacional de Vigilância Sanitária: ANVISA), paving the way for this rare dietary constituent to be utilized in food, beverages and supplements generated and marketed in Brazil. In Brazil, ANVISA is accountable for coordinating, managing, and regulating the actions of registration, examination, and risk control of all novel raw materials. The authorization procedure employed by ANVISA is one of the most exacting in the world.

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Unlocking Relief: A Review of Joint Pain Hack

I used the Joint Pain Hack supplement for several weeks, and I must say, it's been a game-changer in my quest for relief from joint discomfort. From the first dose, I felt a noticeable improvement in my mobility and overall comfort. Here's a comprehensive review of my experience with this high-converting joint pain solution.

Fast-Acting Relief: One of the most remarkable aspects of Joint Pain Hack is its fast-acting formula. Within days of starting the supplement regimen, I experienced a significant reduction in joint pain and stiffness. Whether it was climbing stairs or engaging in daily activities, I found myself moving with greater ease and flexibility. The blend of natural ingredients seems to target inflammation and provide relief where it's needed most, making everyday tasks much more manageable.

Improved Mobility: As someone who has struggled with joint issues for years, regaining mobility was a top priority for me. Joint Pain Hack exceeded my expectations in this regard. Not only did it alleviate discomfort, but it also enhanced my range of motion. I could perform exercises and stretches with less resistance, allowing me to strengthen muscles and joints effectively. This improvement in mobility has had a ripple effect on my overall quality of life, enabling me to enjoy activities that were once challenging.

Enhanced Comfort: The daily grind can take a toll on our bodies, especially our joints. However, since incorporating Joint Pain Hack into my routine, I've experienced a newfound level of comfort. The supplement's unique blend of ingredients works synergistically to soothe aching joints and promote overall well-being. Whether I'm at work or engaging in leisure activities, I no longer have to endure constant discomfort. Instead, I can focus on being present and fully enjoying each moment without the distraction of nagging joint pain.

Natural Ingredients: What sets Joint Pain Hack apart from other joint supplements on the market is its commitment to using natural ingredients. I appreciate knowing that what I'm putting into my body is derived from nature and free from harmful chemicals or additives. Ingredients like turmeric, Boswellia extract, and hyaluronic acid have been scientifically proven to support joint health and alleviate pain. This natural approach not only aligns with my personal values but also ensures that I can trust the product's safety and efficacy.

Overall Wellness: Beyond targeting joint pain, Joint Pain Hack offers a holistic approach to wellness. By addressing inflammation and supporting joint function, it contributes to overall physical health and vitality. I've noticed improvements not only in my joint comfort but also in my energy levels and mood. When our bodies feel good, it's easier to stay active, maintain a positive outlook, and tackle life's challenges with resilience. Joint Pain Hack has become an essential part of my daily wellness routine, helping me live life to the fullest.

In conclusion, Joint Pain Hack has been a revelation for me in my journey towards better joint health. Its fast-acting relief, improved mobility, and natural ingredients make it a standout product in the crowded market of joint supplements. If you're looking for a reliable solution to joint discomfort, I highly recommend giving Joint Pain Hack a try. Unlock relief and reclaim your mobility with this high-converting joint pain offer.

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Boswellia Extract Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Boswellia Extract Market

Boswellia is an Indian homegrown item accessible plentifully in the country, essentially around the woodlands of Western and Central India. Its extract is gotten from the Boswellia tree and made into an extremely fine powder and changed into a fluid. Boswellia seems, by all accounts, to be non-harmful and has a past filled with use in the drug business. Various researchers and analysts have directed various investigations on the convenience of Boswellia extract/Boswellia serrate extract on the human body.

Boswellia extract is known for its enemy of malignant growth and mitigating properties and its capacity to oversee provocative issues, decrease joint and joint pain torment and accelerate mending from contaminations. Boswellia extract is also helpful in cases of ligament issues, in immune system sicknesses, and as a powerful painkiller. On the other side, the fragrance present in the resins of a bosweilla plant is also used in aromatherapy and is in high demand by several perfume-making and incense manufacturing companies. Besides perfume and cosmetic products, the safe nature of this plant makes it liable for use in food items as well, the reason attributing to its high demand from food and beverage manufacturing companies as well.

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Market Outlook

Boswellia is an Indian herbal product available abundantly in the country, mainly around the forests of Western and Central India. This specific botanical plant is known as Indian Olibanum. Other types of Boswellia trees include Boswellia carteri and Boswellia Sacra, which grow in regions of North Africa and Oman (Middle East). Remarkably, Boswellia appears to be non-toxic and has a history of usage in the pharmaceutical industry. Boswellia extract, also known as Shalaki extract, is derived from the Boswellia tree and made into a very fine powder and transformed into a liquid. Boswellia extract is known for its anti-cancer and anti-inflammatory properties and its ability to manage inflammatory disorders, reduce joint and arthritis pain and speed up healing from infections. Boswellia extract has proved to be beneficial in the prevention of loss of cartilage, in autoimmune diseases, and as an effective painkiller. Researchers have conducted numerous studies on the usefulness of Boswellia extract / Boswellia serrate extract on the human body. Boswellia extract is a fragrant resin that has applications in incense and perfume manufacturing industries. It is safe in nature and is also utilized in food items.

Reasons for Covering this Title:

Boswellia extract (Boswellia Serrata Extract), also commonly known as Frankincense oil, is a resin obtained from the botanical plant Boswellia Serrata. Attributing to the natural health benefits of Boswellia extract as a herbal remedy, its adoption is increasing the pharmaceutical industry and companies are producing various types of products from Boswellia extract. Boswellia extract finds applications in many industries such as food, beverage, cosmetics, spa treatment and aromatherapy. Most of the new products released in the market over the past two years were for pharmaceutical and cosmetics industries. The medicinal properties of Boswellia extract are presently widely recognized for its antimicrobial activity and treatment for cancerous diseases. Although there is a very limited market for Boswellia extract in the western world currently, traces have been seen its uses in India and Asia for decades. Attributing to the multiple health and medicinal benefits it offers, Boswellia extract is becoming popular amongst health-conscious consumers and pharmaceutical manufacturers.

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Global Boswellia Extract Market: Segmentation:  

By Form:

Powder

Liquid

By Application:

Pharmaceutical

Food & Beverage

Aromatherapy

Others

By Region:

North America

Latin America

Western Europe

Eastern Europe

Asia Pacific

The Middle East and Africa

Global Boswellia Extract Market: Some of the key Players include Alchem International, Arjuna Natural, Venkatesh Natural Extract Pvt Ltd., Now Foods, Alps Pure, Ambe NS Agro Product Private Limited, Herbal Creations, Jayshree Nath Herbals, Sanat, S.A. Hernal BioActives LLP, Marven Bio Chem, Manus Aktteva BioPharma LLP, and Sydler India, among others.

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Boswellia Extract Key Product Launches

New Product Development in the Boswellia Extract Market: Boswellia Extract 250 mg Veg Capsules for Balanced Immune Response

Currently manufacturers are focusing on launching Boswellia extract based products and are investing significantly more in research to develop new product ranges to expand their customer base and enhance their regional presence.

Boswellia Extract Market Opportunities for Market Participants

Anti-inflammatory properties and several other properties of Boswellia extract are increasing the usage of its products in the market, due to which it is witnessing high growth in demand in the cosmetics industry. Boswellia extract also has anti-cancer properties, which will boost the demand for its cosmetic products since people prefer to take treatments that don’t require consumption of medicines. Cosmetics made from Boswellia extract can witness high demand due to their features and wide usage in cosmetics, spa, and herbal treatment. Expansion of global retail chains along with increasing product lines and product portfolio are expected to further drive the growth of the Boswellia extract market.

TMR has followed the C19-TREND approach for conducting a comprehensive analysis on the trends and changes in the food and beverage sector due to the COVID-19 outbreak. Each factor is analyzed with scrutiny. These points have been compiled in the report and will assure great assistance to the stakeholders and CXOs in developing sound business strategies.

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Boswellia Frereana - An Overview

Boswellia Frereana - An Overview

The boswellia frereana tree (Boswellia serrata), an old deciduous shrub, has been used as an ornamental shrub in the Eastern Europe, Asia, Africa and Americas since at least since Roman times. And it is only now that its full potential as an ornamental tree has been discovered. The boswellia frereana is an evergreen tree, which requires less maintenance than most trees in its family, with some exceptions such as the elms and thrift trees. Its root systems are very shallow and it prefers slightly alkaline soil.

The boswellia frereana resin from the tree is produced from the leaves and fruits of the tree's branches. The resin is produced from the resin glands found on the undersides of the leaf surfaces and the edges of the fruit's capping. It offers vibrant protection against sunlight, air pollution and temperature extremes. The resins also offer some fragrance when treated with lamp oil.

Based on past and present market dynamics, we can derive that the boswellia frereana resin is highly valued for its primary value as a soft scent. But the resin is also valued as a valuable commodity in the agricultural and ornamental industry. The resin is processed into various products including dried powder, concentrated liquid and also in the form of capsules. Based on the above market dynamics, we can derive that the demand for this product is continuously rising in the agricultural sector due to its value as an agricultural crop. The demand for the dried powder is increasing due to its value as a fertilizer and the liquid is also used as a cleaning agent and solvent when removing grease from grease blockages.

Based on the above market dynamics, we can conclude that the demand in the coming years is projected to touch the record high levels previously seen in the 1970s. Based on the Boswellia nutraceuticals demand, we can estimate that it will grow by approximately 20% in the next five years. Based on the Boswellia nutraceuticals market size and profile, we can estimate that the growth rate will remain high in the coming years. This is based on the current expansion rate of the industry and the current technology penetration level of the target customers.

Based on the above market dynamics, we can conclude that the demand for Kyphos in the market is likely to increase at the end of this decade. Based on the historical data, there is a high probability that Kyphos will surpass Pentamer in the next five years. If we also consider the existing customer base, the growth rate of the existing customer base is high enough to ensure that the market share of Kyphos will be increased by at least five percentage points during the forecast period. Based on these assumptions, the current market size of Boswellia frereana is roughly around four percent with the current customer base of five thousand. To put the forecasts into perspective, the average growth rate during the past thirty years is about twelve percent.

Based on the market research data and on the trends revealed in the studies, it can be concluded that there are three main factors that affect the trends of the Boswellia frereana. Market research  These include the following: demand, price and supply factors, and the existence and the popularity of the product brands. The demand for the nutraceuticals from the consumers shows a seasonal variation with a concentration in the summer months. During this period, demand from the consumers that are looking to treat skin disorders and age spots are significantly high. The price of the products tend to be affected by the seasonality of the demand as well as by the popularity of the brand names.

Based on the market research data and the trends revealed in the regional analysis, it can be concluded that there are at least eleven major brands that are marketed through the direct sales channels in Greece. It is estimated that the revenues of these companies are approximately EUR five billion per year. As indicated earlier, it is the demand from the consumers that is responsible for the increased revenues of the companies. The demand mainly consists of persons who are in need of alternative remedies to their age-related problems, after using conventional treatments that are expensive and often ineffective. According to the Boswellia frereana regional analysis, this is a significant factor due to the high degree of usage of the nutraceuticals in the treatment of age-related problems, such as skin ageing and dry skin.

Based on the market research data and on the trends revealed in the regional analysis, it is estimated that there are at least eleven major brands that are marketed through the direct sales channels in Greece. It is estimated that the revenues of these companies are approximately EUR five billion per year. As indicated earlier, it is the increasing demand from the consumers that is responsible for the increased revenues of the companies. The demand mainly consists of persons who are in need of alternative remedies to their age-related problems, after using conventional treatments that are often ineffective. The Boswellia frereana regional analysis indicates that the demand in this case is high, with almost 50% of the total population of Greece requiring alternative treatments. It is estimated that the demand in this case will continue to increase, until at least the end of 2021, when the recession will have completely passed.

The research team projects that the Boswellia Serrata Extract market size will grow from XXX in 2020 to XXX by 2027, at an estimated CAGR of XX. The base year considered for the study is 2020, and the market size is projected from 2020 to 2027.

The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with 10 major regions and 50 major countries. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.

By Market Players: Visterra Health Genesis Xian Longze Biotechnology Wuhan Vanz Pharm Organic Herb Herbasian industries Pakistan Xi`an Lyphar Biotech Xi`an SR Bio-Engineering

By Type 0.65 0.9 Others

By Application Food Industry Pharmaceuticals Industry Others

By Regions/Countries: North America United States Canada Mexico

East Asia China Japan South Korea

Europe Germany United Kingdom France Italy Russia Spain Netherlands Switzerland Poland

South Asia India Pakistan Bangladesh

Southeast Asia Indonesia Thailand Singapore Malaysia Philippines Vietnam Myanmar

Middle East Turkey Saudi Arabia Iran United Arab Emirates Israel Iraq Qatar Kuwait Oman

Africa Nigeria South Africa Egypt Algeria Morocoo

Oceania Australia New Zealand

South America Brazil Argentina Colombia Chile Venezuela Peru Puerto Rico Ecuador

Rest of the World Kazakhstan

Points Covered in The Report The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc. The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years data history and forecast. The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail. Data and information by market player, by region, by type, by application and etc, and custom research can be added according to specific requirements. The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Reasons to Purchase To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape. Assess the production processes, major issues, and solutions to mitigate the development risk. To understand the most affecting driving and restraining forces in the market and its impact in the global market. Learn about the market strategies that are being adopted by leading respective organizations. To understand the future outlook and prospects for the market. Besides the standard structure reports, we also provide custom research according to specific requirements.

The report focuses on Global, Top 10 Regions and Top 50 Countries Market Size of Boswellia Serrata Extract 2016-2021, and development forecast 2022-2027 including industries, major players/suppliers worldwide and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications which will provide its price and profit status, and marketing status & market growth drivers and challenges, with base year as 2020.

Key Indicators Analysed Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2021 & Sales by Product Types. Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2022-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its production, consumption, import & export, sales volume & revenue forecast. Market Analysis by Product Type: The report covers majority Product Types in the Boswellia Serrata Extract Industry, including its product specifcations by each key player, volume, sales by Volume and Value (M USD). Markat Analysis by Application Type: Based on the Boswellia Serrata Extract Industry and its applications, the market is further sub-segmented into several major Application of its industry. It provides you with the market size, CAGR & forecast by each industry applications. Market Trends: Market key trends which include Increased Competition and Continuous Innovations. Opportunities and Drivers: Identifying the Growing Demands and New Technology Porters Five Force Analysis: The report will provide with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

COVID-19 Impact Report covers Impact of Coronavirus COVID-19: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Boswellia Serrata Extract market in 2021. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.

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Trending: Boswellia Market Outlook- Growth Factors, Analysis, Global Market Size, Investment Share, Future Scope, Demand And Industry Forecast From 2020 To 2027 - Kewaskum Statesman News Journal

Trending: Boswellia Market Outlook- Growth Factors, Analysis, Global Market Size, Investment Share, Future Scope, Demand And Industry Forecast From 2020 To 2027  Kewaskum Statesman News Journal Trending: Boswellia Market Outlook- Growth Factors, Analysis, Global Market Size, Investment Share, Future Scope, Demand And Industry Forecast From 2020 To 2027 - Kewaskum Statesman News Journal published first on https://marcuskeever.blogspot.com/

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Frankincense Extract Market Global Demand, Business Drivers, Industry Outlook and Forecasts, 2013 - 2028

Global frankincense extract market is anticipated to grow considerably in the forecast period owing to the increased applications due to properties of frankincense extract, such as anti-inflammatory, antibacterial, and antifungal. Frankincense extract, also known as boswellia extract is derived from Boswellia tree. It is an aromatic resin used in perfume and incense products. Besides applications in perfumes, it is also used to treat chronic inflammatory disorders and several other health issues. It is available to end users as a pill, cream (ointment), and as a resin.

The major drivers of frankincense extract market include increasing pharmaceutical applications, high demand of frankincense extracts in aromatherapy to reduce anxiety and stress, increasing prevalence of skin related issues, such as eczema and acne due to side effects of beauty products, and rise in demand from medical industry. Furthermore, growing applications of frankincense extract in herbal medical products is also driving the market. However, gastrointestinal problems caused by frankincense extract is hindering the market growth.

The key players in frankincense extract market include De Monchy Aromatics, AOS Products Private Limited, Nature's Sunshine Products, AMO, TriVita, DoTERRA, Prime Natural, Edens Garden, Radha Beauty, Fabulous Frannie, Majestic Pure, and Mountain Rose Herbs.

Browse Full List of Top Players: https://www.millioninsights.com/industry-reports/frankincense-extract-market/request-sample

Growing applications of frankincense extract is trending in the market. Nonetheless, explosive demand from skin care industry due to growing number of skin conditions like dermatitis and skin break out is an opportunity for the market.

Frankincense extract market is categorized based on product type, applications, extraction type, and geography. Based on product type, market is divided into cosmetic grade, pharmaceutical grade, and others. Pharmaceutical grade segment is expected to hold larger share of the market in the coming years due to increased applications. These applications can be attributed to its beneficial properties, such as antibacterial, anti-inflammatory, antifungal, and others.

Key Questions Answered in This Report • Analysis of the market including revenues, future growth, market outlook • Historical data and forecast • Regional analysis including growth estimates • Analyzes the end user markets including growth estimates. • Profiles including products, sales/revenues, and market position • Market structure, market drivers and restraints.

In terms of application, frankincense extract market is divided into skin care, oral care, medicine, and others. Amongst all, oral care segment is predicted to lead the market in future due to growing geriatric population, Moreover, other factors responsible for the growth of dental applications include increasing dental disorders among adults like periodontal gum disorders and growing number of dental issues in young children aged 6 and above. Based on extraction type, the market is divided into distillation, supercritical fluid extraction, and others.

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Global Frankincense Essential Oil Market by Grade Type , By Application , By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019-2029

Market.us announces publication of its most recently generated research report titled, “Global Frankincense Essential Oil Market by Grade Type (<85%, 85%-90%, 90%-95%, >95%), By Application (Research uses, Drug Formula, Dietic Foods, Cosmetics, Other) and by Region – Global Forecast to 2028.”, Which offers a holistic view of the global frankincense essential oil market through systematic segmentation that covers every aspect of the target market.

The global frankincense essential oil market is projected to be US$ 193.4 Mn in 2018 to reach US$ 406.1 Mn by 2028 at a CAGR of 7.7%.

Frankincense is produced from hardy Boswellia trees, by slashing the barks and allowing the resin to harden. The traditional medicine is believed to have several properties including anti-inflammatory, expectorant, antiseptic, and even anxiolytic and anti-neurotic effect. It is primarily found in India and Pakistan and very few parts of Yemen and Oman. The word Frankincense arises from the French word “franc-encens” – meaning – quality incense. It is used for its various applications like medicinal, spiritual and cosmetics. Frankincense essential oil is used for fragrance applications, as well as for perfumery applications. It is obtained by a steam distillation process where the tree resin is used. Frankincense oil smells fresher as well as sweeter, which also finds applications in air fresheners. It is also used in pharmaceuticals industries in large scale. However, it is harmful to when consumed without proper dilution.

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Total Revenue in 2018

$ 193.4 Mn

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Market CAGR of the Next Ten Years

7.7%

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Market Value (US$ Mn), Share (%) and Growth Rate (%) Comparison 2012-2028

By Type

By Region

By Application

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Leading Companies Financial Highlights

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Market Revenue of the Next Ten Years

$ 406.1 Mn

Frankincense comes in several grades, and its quality is based on colour, purity, aroma, and age. Silver and Hojari are the uppermost grades of frankincense. Frankincense resin is eatable and frequently used in many traditional medicines in Asia for healthy skin and digestion. For internal consumption, edible frankincense must be pure, and it should be translucent without any black or brown impurities. It is light yellow with a (very) slight greenish tint. It is often chewed like gum, but it is stickier because it is a resin. Indian frankincense (Boswellia serrata), commonly referred to as "dhoop" in ayurvedic medicine, is used to treat arthritis, heal wounds, strengthen the female hormone system, and to purify the atmosphere from unwanted germs. Frankincense oil fumes repel the mosquitos to help the people and animals from mosquito-borne illnesses, such as malaria, Dengue Fever, and West Nile Virus can be

Global Frankincense Essential Oil Market Revenue (US$ Mn), 2018–2028

Increasing geriatric population with joint and high blood pressure ailments is estimated to propel the growth of the global market, owing to medicinal properties of frankincense for treating these ailments.

Frankincense helps treat itching, insomnia, and a few respiratory ailments. Rapidly increasing prevalence of skin, sleep, and respiratory disorders amongst the population are also expected to fuel the growth of the target market.

However, the side effects of frankincense oil such as irritation, allergies, abdominal pain when consumed undiluted are factors likely to restrain the growth of the target market. Nonetheless, emerging applications of frankincense oil for treatment of pancreatic cancer such as its capability of suppressing viability and inducing apoptosis of a panel of human pancreatic cancer cell lines is expected to boost the demand for frankincense oil.

Global frankincense essential oil market is segmented on the basis of grade type, application and region. On the basis of grade type, the market is segmented into <85%, 85%-90%, 90%-95%, >95%. The >95% accounts for the majority share in the global frankincense essential oil market. Also, >95% is expected to register the highest growth rate over the forecast period. On the basis of application, the market is segmented into research uses, Drug formula, Dietic foods, Cosmetics and Other. Cosmetics account for a majority share in the global frankincense essential oil market.

Global Frankincense Essential Oil Market by Formulation, 2018

On the basis of region, the market is segmented into North America, China, Europe, Japan, Southeast Asia and Rest of the World. North America accounts for the majority share in the global frankincense essential oil market, followed by Europe. Southeast Asia is expected to register the highest growth rate over the forecast period followed by China due to increasing demand for fragrances and perfumes.

The research report on the global frankincense essential oil market includes profiles of some of the major companies such as Ambe Phytoextracts Private Limited, Aromaaz International, Katyani Exports, Lala Jagdish Prasad & Company, Kanta Enterprises Private Limited, BO International, Shaanxi Orient Industrial Co., Ltd and doTERRA International.

Key Market Segments:

Type

<85%

85%-90%

90%-95%

>95%

Application

Research uses

Drug Formula

Dietic Foods, Cosmetics

Key Market Players included in the report:

Ambe Phytoextracts Private Limited

Aromaaz International

Katyani Exports

Lala Jagdish Prasad & Company

Kanta Enterprises Private Limited

BO International

Shaanxi Orient Industrial Co.Ltd and doTERRA International

[priyankakulkarni24]

Boswellia serrate Market  - Industry Growth Stratergies

Boswellia serrate refers to a moderate to large sized branching tree grown in the dry mountainous regions of North Africa, Middle East, and India. Oleo gum resin extract obtained from the boswellia serrate is in high demand owing to its high medicinal value. The oleo gum-resins comprises 30-60% resin, 5-10% essential oils, and the remaining comprises polysaccharides. Traditionally, the oleo gum resin extract is used to treat various chronic inflammatory diseases. Being an anti-inflammatory agent, boswellia is used to treat cancer, osteoarthritis, and inflammation of the intestine. Other than medicinal purposes, high content of essential oils in oleo gum resin also enables it to be widely used in aromatherapy, paints and varnishes.

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Market Dynamics of Boswellia Serrate:

Boswellia serrate market is expected to witness high demand due to increasing emphasis on the use of plant based materials as a source of medicine for treating various human ailments. Companies in the boswellia serrate extract market are keen to introduce ingredients that support high health and wellness functionality. This is expected to contribute significantly in the growth of boswellia serrate market. Rapid urbanization along with the consumers becoming highly health conscious, is expected to contribute significantly to the revenue growth of boswellia serrate market. Some other factors escalating the demand for boswellia serrate includes continuous new product developments and improved supply chain that ensures wide availability of boswellia serrate in the industry. Food technologist and companies in the boswellia serrate market also focus upon the research & development activities to increase the utility of boswellia serrate in various application.

Market Segmentation of Boswellia Serrate:

Boswellia serrate market is segmented on the basis of application, form, and geography. Based upon application, boswellia serrate market is segmented into food, pharmaceuticals, cosmeceuticals, and others. Pharmaceutical application of boswellia serrate market is expected to attain relatively higher market share during the forecast period. High revenue share of pharmaceutical application in the boswellia serrate market can be attributed to its medicinal properties. Cosmeceuticals application of boswellia serrate market is expected to grow at relatively high CAGR over the forecast period. High growth of cosmeceuticals segment is expected to be driven by its increasing contribution in effectively treating skin diseases. It also plays a vital role in treating photo aging, a chronic skin damage caused due to excessive exposure of sun. On the basis of form, boswellia serrate market is segmented into dry and liquid form. Dry form of boswellia serrate is expected to contribute significantly to the revenue growth of global boswellia market during the forecast period.

Regional Outlook of Boswellia Serrate:

Based on geography, boswellia serrate market is segmented into seven different regions namely Asia-Pacific, Middle East and Africa, Latin America, Western Europe, Eastern Europe, North America, and Japan. Asia-Pacific region is expected to attain relatively higher revenue share in the global boswellia serrate market. Higher revenue share of the region can be attributed to the wide availability along with the rising awareness regarding the health benefits of boswellia serrate in the region. Countries such as China and India witness high demand for boswellia serrate for various applications such as food, pharmaceuticals etc., hence expected to contribute significantly in increasing the market revenue of the region. The Western Europe region is expected to offer high growth opportunities, owing to shift in the focus from synthetic to natural ingredients in food and pharmaceutical industry.

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Key Market Players in Boswellia Serrate:

Some of the key players in the boswellia serrate market include Sabinsa Corporation, Inc., Alchem International Pvt. Ltd., Herbal Creations, The Good Scents Company, The Himalaya Drug Company, and Indo Nacop Chemicals Ltd. among others. Boswellia serrate market is dominated by large number of organized and unorganized players competing to develop an edge over others. Leading manufacturers in the boswellia serrate market are focusing upon expansio Boswellia serrate Market n of the product portfolio to strength their position in the market.

[healthy-insights]

Boswellia serrate Market Growth, Trends and Forecast up to 2027

Boswellia serrate refers to a moderate to large sized branching tree grown in the dry mountainous regions of North Africa, Middle East, and India. Oleo gum resin extract obtained from the boswellia serrate is in high demand owing to its high medicinal value. The oleo gum-resins comprises 30-60% resin, 5-10% essential oils, and the remaining comprises polysaccharides. Traditionally, the oleo gum resin extract is used to treat various chronic inflammatory diseases. Being an anti-inflammatory agent, boswellia is used to treat cancer, osteoarthritis, and inflammation of the intestine. Other than medicinal purposes, high content of essential oils in oleo gum resin also enables it to be widely used in aromatherapy, paints and varnishes.

 Market Dynamics of Boswellia Serrate:

Boswellia serrate market is expected to witness high demand due to increasing emphasis on the use of plant based materials as a source of medicine for treating various human ailments. Companies in The Boswellia Serrate Extract Market are keen to introduce ingredients that support high health and wellness functionality. This is expected to contribute significantly in the growth of boswellia serrate market. Rapid urbanization along with the consumers becoming highly health conscious, is expected to contribute significantly to the revenue growth of boswellia serrate market. Some other factors escalating the demand for boswellia serrate includes continuous new product developments and improved supply chain that ensures wide availability of boswellia serrate in the industry. Food technologist and companies in the boswellia serrate market also focus upon the research & development activities to increase the utility of boswellia serrate in various application.

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 Market Segmentation of Boswellia Serrate:

Boswellia serrate market is segmented on the basis of application, form, and geography. Based upon application, boswellia serrate market is segmented into food, pharmaceuticals, cosmeceuticals, and others. Pharmaceutical application of boswellia serrate market is expected to attain relatively higher market share during the forecast period. High revenue share of pharmaceutical application in the boswellia serrate market can be attributed to its medicinal properties. Cosmeceuticals application of boswellia serrate market is expected to grow at relatively high CAGR over the forecast period. High growth of cosmeceuticals segment is expected to be driven by its increasing contribution in effectively treating skin diseases. It also plays a vital role in treating photo aging, a chronic skin damage caused due to excessive exposure of sun. On the basis of form, boswellia serrate market is segmented into dry and liquid form. Dry form of boswellia serrate is expected to contribute significantly to the revenue growth of global boswellia market during the forecast period.

 Regional Outlook of Boswellia Serrate:

Based on geography, boswellia serrate market is segmented into seven different regions namely Asia-Pacific, Middle East and Africa, Latin America, Western Europe, Eastern Europe, North America, and Japan. Asia-Pacific region is expected to attain relatively higher revenue share in the global boswellia serrate market. Higher revenue share of the region can be attributed to the wide availability along with the rising awareness regarding the health benefits of boswellia serrate in the region. Countries such as China and India witness high demand for boswellia serrate for various applications such as food, pharmaceuticals etc., hence expected to contribute significantly in increasing the market revenue of the region. The Western Europe region is expected to offer high growth opportunities, owing to shift in the focus from synthetic to natural ingredients in food and pharmaceutical industry.

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 Key Market Players in Boswellia Serrate:

Some of the key players in the boswellia serrate market include Sabinsa Corporation, Inc., Alchem International Pvt. Ltd., Herbal Creations, The Good Scents Company, The Himalaya Drug Company, and Indo Nacop Chemicals Ltd. among others. Boswellia serrate market is dominated by large number of organized and unorganized players competing to develop an edge over others. Leading manufacturers in the boswellia serrate market are focusing upon expansion of the product portfolio to strength their position in the market.

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[catherindonald]

Growth Opportunity : Boswellia Extract Market Strategies and Outlook Analysis to 2028 - Amazing Newspaper

Growth Opportunity : Boswellia Extract Market Strategies and Outlook Analysis to 2028  Amazing Newspaper

Boswellia is an Indian herbal product available abundantly in the country, mainly around the forests of Western and Central India. This specific botanical plant is ...

Growth Opportunity : Boswellia Extract Market Strategies and Outlook Analysis to 2028 - Amazing Newspaper published first on https://marcuskeever.blogspot.com/

[priyankakulkarni24]

Boswellia serrate Market  Analysis, Industry Updates | Global Leading Players and Forecast 2017-2027

Boswellia serrate refers to a moderate to large sized branching tree grown in the dry mountainous regions of North Africa, Middle East, and India. Oleo gum resin extract obtained from the boswellia serrate is in high demand owing to its high medicinal value. The oleo gum-resins comprises 30-60% resin, 5-10% essential oils, and the remaining comprises polysaccharides. Traditionally, the oleo gum resin extract is used to treat various chronic inflammatory diseases. Being an anti-inflammatory agent, boswellia is used to treat cancer, osteoarthritis, and inflammation of the intestine. Other than medicinal purposes, high content of essential oils in oleo gum resin also enables it to be widely used in aromatherapy, paints and varnishes.

Obtain Report Details @ https://www.transparencymarketresearch.com/boswellia-serrate-market.html

Market Dynamics of Boswellia Serrate:

Boswellia serrate market is expected to witness high demand due to increasing emphasis on the use of plant based materials as a source of medicine for treating various human ailments. Companies in the boswellia serrate extract market are keen to introduce ingredients that support high health and wellness functionality. This is expected to contribute significantly in the growth of boswellia serrate market. Rapid urbanization along with the consumers becoming highly health conscious, is expected to contribute significantly to the revenue growth of boswellia serrate market. Some other factors escalating the demand for boswellia serrate includes continuous new product developments and improved supply chain that ensures wide availability of boswellia serrate in the industry. Food technologist and companies in the boswellia serrate market also focus upon the research & development activities to increase the utility of boswellia serrate in various application.

Market Segmentation of Boswellia Serrate:

Boswellia serrate market is segmented on the basis of application, form, and geography. Based upon application, boswellia serrate market is segmented into food, pharmaceuticals, cosmeceuticals, and others. Pharmaceutical application of boswellia serrate market is expected to attain relatively higher market share during the forecast period. High revenue share of pharmaceutical application in the boswellia serrate market can be attributed to its medicinal properties. Cosmeceuticals application of boswellia serrate market is expected to grow at relatively high CAGR over the forecast period. High growth of cosmeceuticals segment is expected to be driven by its increasing contribution in effectively treating skin diseases. It also plays a vital role in treating photo aging, a chronic skin damage caused due to excessive exposure of sun. On the basis of form, boswellia serrate market is segmented into dry and liquid form. Dry form of boswellia serrate is expected to contribute significantly to the revenue growth of global boswellia market during the forecast period.

Regional Outlook of Boswellia Serrate:

Based on geography, boswellia serrate market is segmented into seven different regions namely Asia-Pacific, Middle East and Africa, Latin America, Western Europe, Eastern Europe, North America, and Japan. Asia-Pacific region is expected to attain relatively higher revenue share in the global boswellia serrate market. Higher revenue share of the region can be attributed to the wide availability along with the rising awareness regarding the health benefits of boswellia serrate in the region. Countries such as China and India witness high demand for boswellia serrate for various applications such as food, pharmaceuticals etc., hence expected to contribute significantly in increasing the market revenue of the region. The Western Europe region is expected to offer high growth opportunities, owing to shift in the focus from synthetic to natural ingredients in food and pharmaceutical industry.

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Key Market Players in Boswellia Serrate:

Some of the key players in the boswellia serrate market include Sabinsa Corporation, Inc., Alchem International Pvt. Ltd., Herbal Creations, The Good Scents Company, The Himalaya Drug Company, and Indo Nacop Chemicals Ltd. among others. Boswellia serrate market is dominated by large number of organized and unorganized players competing to develop an edge over others. Leading manufacturers in the boswellia serrate market are focusing upon expansion of the product portfolio to strength their position in the market.

[priyankakulkarni24]

Frankincense Oil Market Set for Rapid Growth and Trend, by 2025

Market Introduction:

Frankincense is also known as olibanum, which is an oleogum-resin which comes from the tree known as Boswellia sacara, which is native to the India and Pakistan are also found in few parts of Oman and Yemen. The term frankincense comes from an old French word known as “franc encens,” which means quality incense. Frankincense oil has a spicy and woody aroma which is perfect for spiritual connectedness. The frankincense oil helps in the maintenance of radiant skin. The frankincense oil market is growing at a meteoric growth as the product has great potential in the pharmaceutical industry. The frankincense oil has a tremendous demand from the European market owing to the health benefit it offers and the ease of availability of the product in the market.

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Market Drivers and Trends:

The demand for frankincense market has experienced a steady growth in the past couple of decades. The global frankincense market is expected to be driven by increasing awareness regarding the benefits of frankincense oil, such as the promotion of healthy cell regeneration, lowering joint pain, lowering blood pressure and stress among the consumers. However, the benefits are not just limited to cardiovascular health. Research shows that frankincense oil helps in reducing itching problems, eradicate arthritis pain and inflammation, and promotes sleep & prevent insomnia. Moreover, online retailers are offering frankincense oil products to consumers through detailed catalogues. Moreover, online stores offer frankincense oil at competitive pricing along with other lucrative offers or coupons as well as easy instalment schemes. All these benefits combined are expected to act as positive factors driving the growth of the global frankincense oil market over the forecast period. In addition, convenience associated with easy access and payment options for online purchases, free home delivery and return or exchange policy are other factors expected to drive the growth of the frankincense oil market to a significant extent. Furthermore, spending on R&D has been increasing, as global manufacturers are now facing competition from the regional players. The pace at which new technologies are impacting the food sector is high, and it has become necessary for manufacturers to increase the speed and scale of their R&D efforts, hence boosting the sale of frankincense oil in the global market.

Market Segmentation:

The frankincense oil market is segmented on the basis of end use, nature, distribution channel and region. On the basis of end use, the frankincense oil market is segmented into cosmetic and personal care industry, pharmaceuticals industry, food industry, HoReCa and Household. Among all the segments, the use of frankincense oil is more in the cosmetic and personal care segment as it is mostly used in aromatherapy in order to relieve anxiety and stress. On the basis of nature, the frankincense oil market is segmented into organic and conventional. The growing demand of organic products among the consumers is expected to drive the frankincense oil market to a significant rate. On the basis of distribution channel, the frankincense oil market is segmented into direct and indirect. The indirect segment is further segmented into modern trade, speciality stores, drug store, online stores and other retail stores.

Market Regional Outlook:

The regional segment for the market of frankincense oil is divided into seven different regions: Western Europe, North America, Eastern Europe, Latin America, APEJ, Middle East & Africa and Japan. Western Europe, being a mature market, is expected to lead in the global frankincense oil market. While APEJ region is estimated to account the highest CAGR, owing to a larger consumer base, combined with a higher number of retail outlets than any other region. Moreover, North America estimated to closely follow Western Europe in terms of market share, but is expected to register lower CAGR than most of the developing regions, owing to a mature market and consumer base. The Latin America and Japan markets are expected to grow significantly over the forecast period, but are anticipated to account for a lower growth rate than the APEJ region, owing to a greater number of emerging economies in APEJ.

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Market Key Players:

The key player in the frankincense oil market only includes NOW Health Group, Inc., Edens Garden Oil Company, Young Living Essential Oils LC, Khadi Natural HealthCare, Plant Therapy Inc., Nature’s Sunshine Products Inc. and Syscom Consumer Products Pvt. Ltd among others.

[priyankakulkarni24]

Boswellia serrate Market Overview, Status, Competitor Segment and Forecast By 2027

Boswellia serrate refers to a moderate to large sized branching tree grown in the dry mountainous regions of North Africa, Middle East, and India. Oleo gum resin extract obtained from the boswellia serrate is in high demand owing to its high medicinal value. The oleo gum-resins comprises 30-60% resin, 5-10% essential oils, and the remaining comprises polysaccharides. Traditionally, the oleo gum resin extract is used to treat various chronic inflammatory diseases. Being an anti-inflammatory agent, boswellia is used to treat cancer, osteoarthritis, and inflammation of the intestine. Other than medicinal purposes, high content of essential oils in oleo gum resin also enables it to be widely used in aromatherapy, paints and varnishes.

Obtain Report Details @ https://www.transparencymarketresearch.com/boswellia-serrate-market.html

Market Dynamics of Boswellia Serrate:

Boswellia serrate market is expected to witness high demand due to increasing emphasis on the use of plant based materials as a source of medicine for treating various human ailments. Companies in the boswellia serrate extract market are keen to introduce ingredients that support high health and wellness functionality. This is expected to contribute significantly in the growth of boswellia serrate market. Rapid urbanization along with the consumers becoming highly health conscious, is expected to contribute significantly to the revenue growth of boswellia serrate market. Some other factors escalating the demand for boswellia serrate includes continuous new product developments and improved supply chain that ensures wide availability of boswellia serrate in the industry. Food technologist and companies in the boswellia serrate market also focus upon the research & development activities to increase the utility of boswellia serrate in various application.

Market Segmentation of Boswellia Serrate:

Boswellia serrate market is segmented on the basis of application, form, and geography. Based upon application, boswellia serrate market is segmented into food, pharmaceuticals, cosmeceuticals, and others. Pharmaceutical application of boswellia serrate market is expected to attain relatively higher market share during the forecast period. High revenue share of pharmaceutical application in the boswellia serrate market can be attributed to its medicinal properties. Cosmeceuticals application of boswellia serrate market is expected to grow at relatively high CAGR over the forecast period. High growth of cosmeceuticals segment is expected to be driven by its increasing contribution in effectively treating skin diseases. It also plays a vital role in treating photo aging, a chronic skin damage caused due to excessive exposure of sun. On the basis of form, boswellia serrate market is segmented into dry and liquid form. Dry form of boswellia serrate is expected to contribute significantly to the revenue growth of global boswellia market during the forecast period.

Regional Outlook of Boswellia Serrate:

Based on geography, boswellia serrate market is segmented into seven different regions namely Asia-Pacific, Middle East and Africa, Latin America, Western Europe, Eastern Europe, North America, and Japan. Asia-Pacific region is expected to attain relatively higher revenue share in the global boswellia serrate market. Higher revenue share of the region can be attributed to the wide availability along with the rising awareness regarding the health benefits of boswellia serrate in the region. Countries such as China and India witness high demand for boswellia serrate for various applications such as food, pharmaceuticals etc., hence expected to contribute significantly in increasing the market revenue of the region. The Western Europe region is expected to offer high growth opportunities, owing to shift in the focus from synthetic to natural ingredients in food and pharmaceutical industry.

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Key Market Players in Boswellia Serrate:

Some of the key players in the boswellia serrate market include Sabinsa Corporation, Inc., Alchem International Pvt. Ltd., Herbal Creations, The Good Scents Company, The Himalaya Drug Company, and Indo Nacop Chemicals Ltd. among others. Boswellia serrate market is dominated by large number of organized and unorganized players competing to develop an edge over others. Leading manufacturers in the boswellia serrate market are focusing upon expansion of the product portfolio to strength their position in the market.

[priyankakulkarni24]

Boswellia serrate Market Experiencing Massive Growth Forecast to 2027

Boswellia serrate refers to a moderate to large sized branching tree grown in the dry mountainous regions of North Africa, Middle East, and India. Oleo gum resin extract obtained from the boswellia serrate is in high demand owing to its high medicinal value. The oleo gum-resins comprises 30-60% resin, 5-10% essential oils, and the remaining comprises polysaccharides. Traditionally, the oleo gum resin extract is used to treat various chronic inflammatory diseases. Being an anti-inflammatory agent, boswellia is used to treat cancer, osteoarthritis, and inflammation of the intestine. Other than medicinal purposes, high content of essential oils in oleo gum resin also enables it to be widely used in aromatherapy, paints and varnishes.

Market Dynamics of Boswellia Serrate:

Boswellia serrate market is expected to witness high demand due to increasing emphasis on the use of plant based materials as a source of medicine for treating various human ailments. Companies in the boswellia serrate extract market are keen to introduce ingredients that support high health and wellness functionality. This is expected to contribute significantly in the growth of boswellia serrate market. Rapid urbanization along with the consumers becoming highly health conscious, is expected to contribute significantly to the revenue growth of boswellia serrate market. Some other factors escalating the demand for boswellia serrate includes continuous new product developments and improved supply chain that ensures wide availability of boswellia serrate in the industry. Food technologist and companies in the boswellia serrate market also focus upon the research & development activities to increase the utility of boswellia serrate in various application.

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Market Segmentation of Boswellia Serrate:

Boswellia serrate market is segmented on the basis of application, form, and geography. Based upon application, boswellia serrate market is segmented into food, pharmaceuticals, cosmeceuticals, and others. Pharmaceutical application of boswellia serrate market is expected to attain relatively higher market share during the forecast period. High revenue share of pharmaceutical application in the boswellia serrate market can be attributed to its medicinal properties. Cosmeceuticals application of boswellia serrate market is expected to grow at relatively high CAGR over the forecast period. High growth of cosmeceuticals segment is expected to be driven by its increasing contribution in effectively treating skin diseases. It also plays a vital role in treating photo aging, a chronic skin damage caused due to excessive exposure of sun. On the basis of form, boswellia serrate market is segmented into dry and liquid form. Dry form of boswellia serrate is expected to contribute significantly to the revenue growth of global boswellia market during the forecast period.

Regional Outlook of Boswellia Serrate:

Based on geography, boswellia serrate market is segmented into seven different regions namely Asia-Pacific, Middle East and Africa, Latin America, Western Europe, Eastern Europe, North America, and Japan. Asia-Pacific region is expected to attain relatively higher revenue share in the global boswellia serrate market. Higher revenue share of the region can be attributed to the wide availability along with the rising awareness regarding the health benefits of boswellia serrate in the region. Countries such as China and India witness high demand for boswellia serrate for various applications such as food, pharmaceuticals etc., hence expected to contribute significantly in increasing the market revenue of the region. The Western Europe region is expected to offer high growth opportunities, owing to shift in the focus from synthetic to natural ingredients in food and pharmaceutical industry.

Obtain Report Details @ https://www.transparencymarketresearch.com/boswellia-serrate-market.html

Key Market Players in Boswellia Serrate:

Some of the key players in the boswellia serrate market include Sabinsa Corporation, Inc., Alchem International Pvt. Ltd., Herbal Creations, The Good Scents Company, The Himalaya Drug Company, and Indo Nacop Chemicals Ltd. among others. Boswellia serrate market is dominated by large number of organized and unorganized players competing to develop an edge over others. Leading manufacturers in the boswellia serrate market are focusing upon expansion of the product portfolio to strength their position in the market.