Global Frankincense Extract Market Size study & Forecast, by Form (Powder, Oil, and Resin), by End-Use (Food & Beverage, Cosmetics & Personal Care, Aromatherapy, Pharmacological, Insecticide Repellents, and Others) and Regional Analysis, 2022-2029

Global Frankincense Extract Market Size study & Forecast, by Form (Powder, Oil, and Resin), by End-Use (Food & Beverage, Cosmetics & Personal Care, Aromatherapy, Pharmacological, Insecticide Repellents, and Others) and Regional Analysis, 2022-2029

Global Frankincense Extract Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Frankincense Extract also known as Indian frankincense, is a resin herbal extract from the boswellia tree. Frankincense has a woody aroma, and it is considered rich in a wide range of health properties including anti-inflammatory, antiseptic, anxiolytic and anti-neurotic among others. Moreover, owing to its anti-inflammatory properties it is widely used in aromatherapy, and in the treatment of rheumatoid arthritis, inflammatory bowel disease, and asthma disease. The increasing demand for essential oils worldwide and growing use of frankincense extracts in pharmaceuticals as well as strategic initiatives from leading market players are key factors accelerating the market growth.

The growing demand for essential oils due to rising popularity of aromatherapy is contributing to the Global Frankincense Market. For instance, according to Statista – in 2019, the global demand for essential oils was estimated at 290.54 kilotons, and as per projections, the demand is projected to grow to 404.2 kilotons by 2025. Furthermore, as per Statista – in FY 2020, the total export value of ayurvedic and herbal products was USD 428.08 million, and as per projections, the total export volume is projected to grow to USD 612 million by end of FY 2022. Also, growing incidences of arthritis and asthma and rising expansion of food & beverage industry would create a lucrative growth prospectus for the market over the forecast period. However, limited availability of raw materials and high extraction costs associated with Frankincense Extract stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Frankincense Extract Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the dominance of branded products and rising expansion of medical tourism coupled with increasing popularity of aromatherapy in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising consumption of herbal healthcare supplements as well as increasing demand for essential oils in the region.

Major market players included in this report are:
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.
Edens Garden

Recent Developments in the Market:
 In December 2021, Baltimore, USA -based Tilley Company, Inc., a leading distributor of specialty ingredients announced its merger with Phoenix Aromas and Essential Oils, a leading global distributor of flavor and fragrance ingredients and compounds, for the food and beverage, personal care, pharmaceutical, air care, and fragrance markets.


Global Frankincense Extract Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Form, End-Use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Form
Powder
Oil
Resin

By End-Use
Food & Beverage
Cosmetics & Personal Care
Aromatherapy
Pharmacological
Insecticide Repellents
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

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.
Edens Garden


Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.


Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Frankincense Extract Market, by Region, 2019-2029 (USD Billion)
1.2.2. Frankincense Extract Market, by Form, 2019-2029 (USD Billion)
1.2.3. Frankincense Extract Market, by End-Use, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Frankincense Extract Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Frankincense Extract Market Dynamics
3.1. Frankincense Extract Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increasing demand for essential oils worldwide
3.1.1.2. Growing use of frankincense extracts in pharmaceuticals
3.1.1.3. Strategic initiatives from leading market players
3.1.2. Market Challenges
3.1.2.1. Limited availability of raw materials
3.1.2.2. High extraction cost
3.1.3. Market Opportunities
3.1.3.1. Growing incidences of arthritis and asthma
3.1.3.2. Rising expansion of food & beverage industry
Chapter 4. Global Frankincense Extract Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Frankincense Extract Market, by Form
6.1. Market Snapshot
6.2. Global Frankincense Extract Market by Form, Performance - Potential Analysis
6.3. Global Frankincense Extract Market Estimates & Forecasts by Form 2019-2029 (USD Billion)
6.4. Frankincense Extract Market, Sub Segment Analysis
6.4.1. Powder
6.4.2. Oil
6.4.3. Resin
Chapter 7. Global Frankincense Extract Market, by End-Use
7.1. Market Snapshot
7.2. Global Frankincense Extract Market by End-Use, Performance - Potential Analysis
7.3. Global Frankincense Extract Market Estimates & Forecasts by End-Use 2019-2029 (USD Billion)
7.4. Frankincense Extract Market, Sub Segment Analysis
7.4.1. Food & Beverage
7.4.2. Cosmetics & Personal Care
7.4.3. Aromatherapy
7.4.4. Pharmacological
7.4.5. Insecticide Repellents
7.4.6. Others
Chapter 8. Global Frankincense Extract Market, Regional Analysis
8.1. Frankincense Extract Market, Regional Market Snapshot
8.2. North America Frankincense Extract Market
8.2.1. U.S. Frankincense Extract Market
8.2.1.1. Form breakdown estimates & forecasts, 2019-2029
8.2.1.2. End-Use breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Frankincense Extract Market
8.3. Europe Frankincense Extract Market Snapshot
8.3.1. U.K. Frankincense Extract Market
8.3.2. Germany Frankincense Extract Market
8.3.3. France Frankincense Extract Market
8.3.4. Spain Frankincense Extract Market
8.3.5. Italy Frankincense Extract Market
8.3.6. Rest of Europe Frankincense Extract Market
8.4. Asia-Pacific Frankincense Extract Market Snapshot
8.4.1. China Frankincense Extract Market
8.4.2. India Frankincense Extract Market
8.4.3. Japan Frankincense Extract Market
8.4.4. Australia Frankincense Extract Market
8.4.5. South Korea Frankincense Extract Market
8.4.6. Rest of Asia Pacific Frankincense Extract Market
8.5. Latin America Frankincense Extract Market Snapshot
8.5.1. Brazil Frankincense Extract Market
8.5.2. Mexico Frankincense Extract Market
8.5.3. Rest of Latin America Frankincense Extract Market
8.6. Rest of The World Frankincense Extract Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Indian Spice Oil Industries
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Aromaaz International
9.2.3. De Monchy Aromatics
9.2.4. Albert Vieille
9.2.5. HERBO NUTRA
9.2.6. AMARNATH EXPORTS
9.2.7. Avi Naturals
9.2.8. Ambe Ns Agro Product Pvt. Ltd.
9.2.9. Scents of Earth LLC.
9.2.10. Edens Garden
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption
List of Tables
TABLE 1. Global Frankincense Extract Market, report scope
TABLE 2. Global Frankincense Extract Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Frankincense Extract Market estimates & forecasts by Form 2019-2029 (USD Billion)
TABLE 4. Global Frankincense Extract Market estimates & forecasts by End-Use 2019-2029 (USD Billion)
TABLE 5. Global Frankincense Extract Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 6. Global Frankincense Extract Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Frankincense Extract Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Frankincense Extract Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Frankincense Extract Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Frankincense Extract Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Frankincense Extract Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Frankincense Extract Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Frankincense Extract Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Frankincense Extract Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. U.S. Frankincense Extract Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 17. U.S. Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. Canada Frankincense Extract Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 19. Canada Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 20. Canada Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. UK Frankincense Extract Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 22. UK Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 23. UK Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. Germany Frankincense Extract Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 25. Germany Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 26. Germany Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. France Frankincense Extract Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 28. France Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 29. France Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. Italy Frankincense Extract Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 31. Italy Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 32. Italy Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Spain Frankincense Extract Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 34. Spain Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 35. Spain Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. RoE Frankincense Extract Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 37. RoE Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 38. RoE Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. China Frankincense Extract Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 40. China Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 41. China Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. India Frankincense Extract Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 43. India Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 44. India Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. Japan Frankincense Extract Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 46. Japan Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 47. Japan Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. South Korea Frankincense Extract Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 49. South Korea Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 50. South Korea Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. Australia Frankincense Extract Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 52. Australia Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 53. Australia Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. RoAPAC Frankincense Extract Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 55. RoAPAC Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 56. RoAPAC Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. Brazil Frankincense Extract Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 58. Brazil Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 59. Brazil Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Mexico Frankincense Extract Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 61. Mexico Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 62. Mexico Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. RoLA Frankincense Extract Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 64. RoLA Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 65. RoLA Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. Row Frankincense Extract Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 67. Row Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 68. Row Frankincense Extract Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Frankincense Extract Market
TABLE 70. List of primary sources, used in the study of global Frankincense Extract Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
FIG 1. Global Frankincense Extract Market, research methodology
FIG 2. Global Frankincense Extract Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Frankincense Extract Market, key trends 2021
FIG 5. Global Frankincense Extract Market, growth prospects 2022-2029
FIG 6. Global Frankincense Extract Market, porters 5 force model
FIG 7. Global Frankincense Extract Market, pest analysis
FIG 8. Global Frankincense Extract Market, value chain analysis
FIG 9. Global Frankincense Extract Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Frankincense Extract Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Frankincense Extract Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Frankincense Extract Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Frankincense Extract Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Frankincense Extract Market, regional snapshot 2019 & 2029
FIG 15. North America Frankincense Extract Market 2019 & 2029 (USD Billion)
FIG 16. Europe Frankincense Extract Market 2019 & 2029 (USD Billion)
FIG 17. Asia Pacific Frankincense Extract Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Frankincense Extract Market 2019 & 2029 (USD Billion)
FIG 19. Global Frankincense Extract Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

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