Frankincense is also known as olibanum, which is obtained from the trees of genus Boswellia belongs to the Burseraceae family, which is widely utilized in perfumes and incense. These trees produce resins, and are these are native to northern South Yemen, Somalia, Ethiopia, and Oman. Frankincense extracts are mostly produced in Ethiopia and Somalia, which is further propelling the growth of the frankincense extracts market in Africa. Frankincense extract is known for increasing the effects of herbs & supplements. Frankincense extracts are quite a good product for healthy skin and digestion. It further has medical properties and is used for treating arthritis and various chronic inflammatory diseases, including asthma, allergies, and inflammatory bowel disease. Such applications, in turn, are anticipated to fuel the growth of the frankincense extracts market over the forecast period.
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1. AOS Products Private Limited
2. Aromaaz International
3. Avi Natural
4. De Monchy Aromatics Limited
5. Edens Garden Inc.
6. Phyto Life Sciences P. Ltd.
7. Prime Natural Beauty
8. Prime Natural Beauty
9. Scents of Earth LLC.
10. TriVita, Inc.
The global frankincense extract market is segmented on the basis of form, end-use. On the basis of form, the frankincense extract market is segmented into powder, oil, and resin. The frankincense extract market on the basis of the end-use is classified into food & beverages, cosmetics & personal care, aromatherapy, pharmaceuticals, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global frankincense extract market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The frankincense extract market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the frankincense extract market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the frankincense extract market in these regions.
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