Boswellia market is projected to grow at a CAGR of XX.XX% to reach US$XX.XX billion in 2024 from US$XX.XX billion in 2018. Boswellia, also known as Indian frankincense, is an herbal extract taken from the Boswellia serrata tree. It is a genus of trees in the order Sapindales, known for their fragrant resin. Different species are used in the production of resins, essential oils, and extracts. Boswellia is used in various herbal medicines for joint health, inflammatory bowel disease, asthma, and digestive disorders and also in cosmetics. The rising awareness regarding the benefits of organic and naturally extracted ingredients is expected to drive the market for Boswellia. Further, the growing geriatric population coupled with rising preference for natural products in health supplements is anticipated to fuel the market in the near future. In addition, the growing adoption of Boswellia for pharmaceutical purposes is estimated to boost the market during the forecast period. However, the high cost associated with the extraction of Boswellia is expected to hamper the market growth.
Increasing adoption in the pharmaceutical industry.
An increasing number of health-conscious consumers.
High cost related to Boswellia extraction.
Allergic reactions or side effects caused by Boswellia.
Major industry players profiled as part of the report are Nutra Green Biotechnology Co Ltd, Sabinsa Corporation, Alchem International Private Limited, Marven Bio Chem, PLT Health Solutions Inc, Arjuna Natural Extracts Ltd, Alpspure Lifesciences Private Limited, S.A Herbal Bioactives LLP, and Gurjar Phytochem Pvt Ltd.
The Boswellia market has been analyzed through the following segments:
Herbal medicinal products
Personal care products
Middle East and Africa
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. BOSWELLIA MARKET BY TYPE
5.1. Boswellia cartetii
5.2. Boswellia serrata
5.3. Boswellia papyrifera
5.4. Boswellia sacra
6. BOSWELLIA MARKET BY APPLICATION
6.1. Herbal medicinal products
6.2. Food supplements
6.3. Personal care products
7. BOSWELLIA MARKET BY GEOGRAPHY
7.1. North America
7.2. South America
7.3.3. United Kingdom
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.5. Asia Pacific
7.5.3. South Korea
8. COMPETITIVE INTELLIGENCE
8.1. Company Benchmarking and Analysis
8.2. Recent Investment and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. Nutra Green Biotechnology co. Ltd.
9.2. Sabinsa corporation
9.3. Alchem International
9.4. Marven Bio Chem
9.5. PLT Health Solutions Inc.
9.6. Arjuna Natural Extracts Ltd
9.7. Alpspure Lifesciences Private Ltd.
9.8. S.A Herbal Bioactives LLP
9.9. Gurjar Phytochem Pvt Ltd.
LIST OF FIGURES
LIST OF TABLES
Nutra Green Biotechnology Co Ltd
Alchem International Private Limited
Marven Bio Chem
PLT Health Solutions Inc
Arjuna Natural Extracts Ltd
Alpspure Lifesciences Private Limited
S.A Herbal Bioactives LLP
Gurjar Phytochem Pvt Ltd
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