Global Frankincense Extract Market Growth 2025-2031

Global Frankincense Extract Market Growth 2025-2031

The global Frankincense Extract market size is predicted to grow from US$ 290 million in 2025 to US$ 444 million in 2031; it is expected to grow at a CAGR of 7.4% from 2025 to 2031.

The driving factors for frankincense extract can include:



1. Traditional and Cultural Use: Frankincense extract has a long history of traditional and cultural use in various parts of the world, particularly in religious ceremonies, aromatherapy, and traditional medicine. This long-standing cultural significance drives the demand for frankincense extract in these contexts.



2. Aromatherapy and Wellness: Frankincense extract is valued for its aromatic properties, which are believed to have therapeutic effects on mental and physical well-being. It is commonly used in aromatherapy practices to promote relaxation, reduce stress, and improve mood. The increasing interest in holistic health and wellness contributes to the demand for frankincense extract in aromatherapy and related applications.



3. Cosmetic and Skincare Industry: Frankincense extract is known for its potential cosmetic and skincare benefits. It is believed to have anti-aging, anti-inflammatory, and moisturizing properties, making it a sought-after ingredient in skincare products. The demand for natural and plant-based skincare ingredients has driven the use of frankincense extract in the cosmetic industry.



4. Traditional Medicine and Herbal Remedies: In traditional medicine systems, frankincense extract is used for various health conditions, including respiratory disorders, digestive issues, and inflammation. The adoption and interest in traditional medicine practices, as well as the demand for natural and herbal remedies, contribute to the utilization of frankincense extract in these contexts.



5. Research and Scientific Interest: Scientific studies have started exploring the potential health benefits and therapeutic properties of frankincense extract. Research on its anti-inflammatory, anti-cancer, and antimicrobial properties, among others, drives the scientific interest and potential future applications of frankincense extract in medical and healthcare fields.



6. Sustainable Sourcing and Ethical Practices: The demand for sustainably sourced and ethically produced natural ingredients has grown in recent years. This includes resins such as frankincense. The promotion of sustainable harvesting practices, fair trade agreements, and responsible sourcing contributes to the market demand for ethically sourced frankincense extract.



7. Consumer Awareness and Preference for Natural Products: In line with the growing consumer preference for natural and plant-based products, there is an increasing demand for frankincense extract as a natural ingredient. Consumers are seeking alternatives to synthetic ingredients and chemical-based products, and frankincense extract aligns with their preference for natural options.



8. Cultural and Religious Tourism: In locations where frankincense has historical and cultural significance, such as certain regions in the Middle East, there is a demand for frankincense extract as a souvenir or for cultural and religious tourism purposes. This contributes to the demand for frankincense extract in these regions.



These driving factors contribute to the utilization and demand for frankincense extract in various industries, including aromatherapy, skincare, traditional medicine, scientific research, and cultural contexts. Its historical and cultural significance, potential health benefits, aromatic properties, and alignment with consumer preferences for natural ingredients all contribute to the growing market demand for frankincense extract.

LP Information, Inc. (LPI) ' newest research report, the “Frankincense Extract Industry Forecast” looks at past sales and reviews total world Frankincense Extract sales in 2024, providing a comprehensive analysis by region and market sector of projected Frankincense Extract sales for 2025 through 2031. With Frankincense Extract sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Frankincense Extract industry.

This Insight Report provides a comprehensive analysis of the global Frankincense Extract landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Frankincense Extract portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Frankincense Extract market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Frankincense Extract and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Frankincense Extract.

This report presents a comprehensive overview, market shares, and growth opportunities of Frankincense Extract market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Pharmaceutical Grade
Cosmetic Grade
Other

Segmentation by Application:
Medicine
Skin care
Oral Care

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
AMeO
De Monchy Aromatics
DoTERRA
AOS Products Private Limited
Nature's Sunshine Products
TriVita
Edens Garden
Radha Beauty
Majestic Pure
Prime Natural
Mountain Rose Herbs
Fabulous Frannie

Key Questions Addressed in this Report

What is the 10-year outlook for the global Frankincense Extract market?

What factors are driving Frankincense Extract market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Frankincense Extract market opportunities vary by end market size?

How does Frankincense Extract break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.