Global Boswellia Industry was valued at USD $210 Million in the year 2019. Global Boswellia Industry is further estimated to grow at a CAGR of 16.2% from 2019 to reach USD $516.93 Million by the year 2025. Boswellia is a active compound extricated from a wide range variety of types of frankincense. Frankincense is an oleogum-tar, also called olibanum. Boswellia is usually found in the gum belt in Central Africa, the Middle East, India, and Pakistan. Different species are used in the production of resins, fundamental oils, and concentrates. In our extent of study, the different utilizations of boswellia shrouded are its utilization in natural therapeutic items for joint health, as a anti-inflammatory, and for asthma, stomach related clutters, and different applications and employments. Boswellia is additionally transcendently utilized as a basic oil for pressure alleviation amid fragrant healing.
Consumer tendency to purchase common individual consideration items is moving altogether, because of the expanding mindfulness in regards to the advantages of characteristic and natural fixings present in them. Purchasers are progressively settling on greener items, attributable to the nearness of lethal fixings in engineered individual consideration items.
The report includes the company profiles of key producers of boswellia, and the revenue generated from companies across North America, Latin America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). For the estimation of revenue, regional average prices were obtained through quotes from numerous boswellia producers, exporters, and distributors. All the key application segments of boswellia have been considered, and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents. Some of the key data points collected for the modeling approach include the food and beverage sector overview, regional food and beverage outlook, average usage of supplements, including boswellia in food products, and others. The market has been forecasted based on constant currency rates.
Major market players in Boswellia are Sabinsa Corporation, Arjuna Natural Extracts Ltd., PLT Health Solutions, Inc., Alchem International Private Limited, Nutra Green Biotechnology Co., Ltd., Gurjar Phytochem Pvt. Ltd., S.A. Herbal Bioactives LLP, and Alpspure Lifesciences Private Limited.
Boswellia Industry Overview, By Source
Boswellia Industry Overview, By Product Type
Boswellia Industry Overview, By Application
Boswellia Industry Overview, By Region
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa