Report Code: A05071 | Pages: NA | ||
Tables: NA | Charts: NA |
|
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.Â
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.Â
Frankincense Extract Market Report Highlights
Aspects | Details |
---|---|
By Form |
|
By End Use |
|
By Region |
|
Key Market Players | De Monchy Aromatics, Edens Garden, Indian Spice Oil Industries, Scents of Earth LLC., Avi Naturals, Aromaaz International, Ambe Ns Agro Product Pvt. Ltd., AMARNATH EXPORTS, Albert Vieille, HERBO NUTRA |
Loading Table Of Content...
Start reading.
This Report and over 71,233+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of the scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time for readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of the scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save the time of readers