Allied Market Research

2024

Frankincense Extract Market

Frankincense Extract Market Size, Share, Competitive Landscape and Trend Analysis Report, by Form and, by End Use : Global Opportunity Analysis and Industry Forecast, 2023-2032

FB : Additives and Supplements

Select an option
Author's: | Roshan Deshmukh
Publish Date:

Get Sample to Email

Frankincense Extract Market Outlook - 2025

Frankincense, also known as olibanum is produced from the resin of the Boswellia tree, which typically grows in the mountainous regions of India, Africa, and the Middle East. It has a woody, spicy smell that can be inhaled, absorbed through the skin, soaked into a tea or consumed as a supplement. Traditionally, frankincense was used as a medicine to aid health issues such as arthritis and asthma. There is an increase in the applications of frankincense extracts in pharmaceuticals owing to its anti-inflammatory, antibacterial, and antifungal properties.

Frankincense essential oil obtained from its extracts is used in aromatherapy to alleviate stress and relieve pain. Busy and hectic lifestyle of the urban populace along with the increase in disposable income leads to rise in demand for aromatherapy, which ultimately boosts the growth of the frankincense extract market. Consumers today have an increased preference toward cosmetics and personal care products made with natural and organic ingredients. There is increase in the demand for frankincense powder as an ingredient in soaps, shampoo, lotions, and other similar products. However, changes in climate and over-tapping of trees to meet increased demand result in the decline of boswellia trees. This is anticipated to restrain the growth of the frankincense extract market.

On the contrary, with the preference of consumers inclined toward natural ingredients in the food & beverage products due to increase in health consciousness and rate of health-related problems. The application of frankincense extracts such as an emulsifying agent, stabilizer, and flavor in the food & beverage industry can thus be viewed as an opportunity by the manufacturers for growth and expansion of the market.
The frankincense extract market is segmented based on form, end use, and region. Based on form, the market is classified into powder, oil, and resin. Based on end use, it is categorized into food & beverage, cosmetics & personal care, aromatherapy, pharmacological, insecticide, and others. Based on region, it is studied across North America, Europe, Asia-Pacific, and LAMEA. 

The major players in the market include Indian Spice Oil Industries, Aromaaz International, De Monchy Aromatics, Albert Vieille, HERBO NUTRA, AMARNATH EXPORTS, Avi Naturals, Ambe Ns Agro Product Pvt. Ltd., Scents of Earth LLC., and Edens Garden. 

KEY BENEFITS FOR STAKEHOLDERS

  • The report provides an in-depth analysis of the current trends, drivers, and dynamics of the frankincense extract market to elucidate the prevailing opportunities and tap the investment pockets.
  • It offers qualitative trends as well as quantitative analysis of the global market to assist stakeholders to understand the market scenario.
  • In-depth analysis of the key segments demonstrates type of frankincense extract and its applications.  
  • Competitive intelligence of the industry highlights the business practices followed by key players across geographies as well as the prevailing market opportunities.
  • Key market players are profiled to understand the competitive outlook of the market.

Frankincense Extract Market Report Highlights

Aspects Details
icon_5
By Form
  • Powder
  • Oil
  • Resin
icon_6
By End Use
  • Food & Beverage
  • Cosmetics & Personal Care
  • Aromatherapy
  • Pharmacological
  • Insecticide Repellents
  • Others
icon_7
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, France, Germany, Spain, Rest of Europe)
  • Asia-Pacific  (India, China, Australia, Japan, Rest of Asia-Pacific)
  • LAMEA  (Turkey, Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
icon_8
Key Market Players

Ambe Ns Agro Product Pvt. Ltd., Indian Spice Oil Industries, Albert Vieille, Edens Garden, De Monchy Aromatics, AMARNATH EXPORTS, Scents of Earth LLC., Aromaaz International, HERBO NUTRA, Avi Naturals

Loading Table Of Content...

Individual sections of the reports are available for purchase.
Would you like to see a breakdown of prices by section?

Frankincense Extract Market

Global Opportunity Analysis and Industry Forecast, 2023-2032