Frankincense Extract Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Form (Powder, Oil, Resin); End-Use (Food and Beverages, Cosmetics and Personal Care, Aromatherapy, Pharmaceuticals, Others) and Geography

Report Code: TIPRE00016611 | No. of Pages: 150 | Category: Food and Beverages | Status: Upcoming

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MARKET INTRODUCTION

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.

MARKET DYNAMICS

The frankincense extract market has witnessed significant growth owing to factors such as wider application in food & beverages, cosmetics & personal care, aromatherapy, pharmaceuticals, and others. The global frankincense extract market is anticipated to be driven by increasing awareness regarding the benefits of frankincense oil, including the promotion of healthy cell regeneration, lowering blood pressure, lowering joint pain, and stress among the consumers. Research studies show that frankincense oil helps in reducing itching problems, eradicates arthritis pain & inflammation, and promotes sleep & prevent insomnia. However, frankincense may cause gastrointestinal distress, including stomach pain, nausea, and hyperacidity, which may further hamper the growth of the frankincense extract market. Nevertheless, the pace at which new technologies are impacting the food sector is high, and it has become necessary for manufacturers to increase the speed and scale of their R&D efforts, which may open up new opportunities for this market.

MARKET SCOPE

The "Global Frankincense Extract Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the frankincense extract market with detailed market segmentation by form, end-use, distribution channel, and geography. The global frankincense extract market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading frankincense extract market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

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.

REGIONAL FRAMEWORK

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 2020 to 2028 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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MARKET PLAYERS


The reports cover various key developments in the global frankincense extract market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from frankincense extract market are anticipated to lucrative growth opportunities in the future with the rising demand for frankincense extract in the global market. Below mentioned is the list of few companies engaged in the frankincense extract market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the frankincense extract market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   AOS Products Private Limited
  •   Aromaaz International
  •   Avi Naturals
  •   De Monchy Aromatics Limited
  •   Edens Garden Inc.
  •   Phyto Life Sciences P. Ltd.
  •   Prime Natural Beauty
  •   Prime Natural Beauty
  •   Scents of Earth LLC.
  •   TriVita, Inc.

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TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Frankincense Extract Market - By Form
1.3.2 Frankincense Extract Market - By End-Use
1.3.3 Frankincense Extract Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. FRANKINCENSE EXTRACT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS

5. FRANKINCENSE EXTRACT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. FRANKINCENSE EXTRACT MARKET - GLOBAL MARKET ANALYSIS
6.1. FRANKINCENSE EXTRACT - GLOBAL MARKET OVERVIEW
6.2. FRANKINCENSE EXTRACT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. FRANKINCENSE EXTRACT MARKET - REVENUE AND FORECASTS TO 2028 - FORM
7.1. OVERVIEW
7.2. FORM MARKET FORECASTS AND ANALYSIS
7.3. POWDER
7.3.1. Overview
7.3.2. Powder Market Forecast and Analysis
7.4. OIL
7.4.1. Overview
7.4.2. Oil Market Forecast and Analysis
7.5. RESIN
7.5.1. Overview
7.5.2. Resin Market Forecast and Analysis
8. FRANKINCENSE EXTRACT MARKET - REVENUE AND FORECASTS TO 2028 - END-USE
8.1. OVERVIEW
8.2. END-USE MARKET FORECASTS AND ANALYSIS
8.3. FOOD AND BEVERAGES
8.3.1. Overview
8.3.2. Food and Beverages Market Forecast and Analysis
8.4. COSMETICS AND PERSONAL CARE
8.4.1. Overview
8.4.2. Cosmetics and Personal Care Market Forecast and Analysis
8.5. AROMATHERAPY
8.5.1. Overview
8.5.2. Aromatherapy Market Forecast and Analysis
8.6. PHARMACEUTICALS
8.6.1. Overview
8.6.2. Pharmaceuticals Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis

9. FRANKINCENSE EXTRACT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Frankincense Extract Market Overview
9.1.2 North America Frankincense Extract Market Forecasts and Analysis
9.1.3 North America Frankincense Extract Market Forecasts and Analysis - By Form
9.1.4 North America Frankincense Extract Market Forecasts and Analysis - By End-Use
9.1.5 North America Frankincense Extract Market Forecasts and Analysis - By Countries
9.1.5.1 United States Frankincense Extract Market
9.1.5.1.1 United States Frankincense Extract Market by Form
9.1.5.1.2 United States Frankincense Extract Market by End-Use
9.1.5.2 Canada Frankincense Extract Market
9.1.5.2.1 Canada Frankincense Extract Market by Form
9.1.5.2.2 Canada Frankincense Extract Market by End-Use
9.1.5.3 Mexico Frankincense Extract Market
9.1.5.3.1 Mexico Frankincense Extract Market by Form
9.1.5.3.2 Mexico Frankincense Extract Market by End-Use
9.2. EUROPE
9.2.1 Europe Frankincense Extract Market Overview
9.2.2 Europe Frankincense Extract Market Forecasts and Analysis
9.2.3 Europe Frankincense Extract Market Forecasts and Analysis - By Form
9.2.4 Europe Frankincense Extract Market Forecasts and Analysis - By End-Use
9.2.5 Europe Frankincense Extract Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Frankincense Extract Market
9.2.5.1.1 Germany Frankincense Extract Market by Form
9.2.5.1.2 Germany Frankincense Extract Market by End-Use
9.2.5.2 France Frankincense Extract Market
9.2.5.2.1 France Frankincense Extract Market by Form
9.2.5.2.2 France Frankincense Extract Market by End-Use
9.2.5.3 Italy Frankincense Extract Market
9.2.5.3.1 Italy Frankincense Extract Market by Form
9.2.5.3.2 Italy Frankincense Extract Market by End-Use
9.2.5.4 United Kingdom Frankincense Extract Market
9.2.5.4.1 United Kingdom Frankincense Extract Market by Form
9.2.5.4.2 United Kingdom Frankincense Extract Market by End-Use
9.2.5.5 Russia Frankincense Extract Market
9.2.5.5.1 Russia Frankincense Extract Market by Form
9.2.5.5.2 Russia Frankincense Extract Market by End-Use
9.2.5.6 Rest of Europe Frankincense Extract Market
9.2.5.6.1 Rest of Europe Frankincense Extract Market by Form
9.2.5.6.2 Rest of Europe Frankincense Extract Market by End-Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Frankincense Extract Market Overview
9.3.2 Asia-Pacific Frankincense Extract Market Forecasts and Analysis
9.3.3 Asia-Pacific Frankincense Extract Market Forecasts and Analysis - By Form
9.3.4 Asia-Pacific Frankincense Extract Market Forecasts and Analysis - By End-Use
9.3.5 Asia-Pacific Frankincense Extract Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Frankincense Extract Market
9.3.5.1.1 Australia Frankincense Extract Market by Form
9.3.5.1.2 Australia Frankincense Extract Market by End-Use
9.3.5.2 China Frankincense Extract Market
9.3.5.2.1 China Frankincense Extract Market by Form
9.3.5.2.2 China Frankincense Extract Market by End-Use
9.3.5.3 India Frankincense Extract Market
9.3.5.3.1 India Frankincense Extract Market by Form
9.3.5.3.2 India Frankincense Extract Market by End-Use
9.3.5.4 Japan Frankincense Extract Market
9.3.5.4.1 Japan Frankincense Extract Market by Form
9.3.5.4.2 Japan Frankincense Extract Market by End-Use
9.3.5.5 South Korea Frankincense Extract Market
9.3.5.5.1 South Korea Frankincense Extract Market by Form
9.3.5.5.2 South Korea Frankincense Extract Market by End-Use
9.3.5.6 Rest of Asia-Pacific Frankincense Extract Market
9.3.5.6.1 Rest of Asia-Pacific Frankincense Extract Market by Form
9.3.5.6.2 Rest of Asia-Pacific Frankincense Extract Market by End-Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Frankincense Extract Market Overview
9.4.2 Middle East and Africa Frankincense Extract Market Forecasts and Analysis
9.4.3 Middle East and Africa Frankincense Extract Market Forecasts and Analysis - By Form
9.4.4 Middle East and Africa Frankincense Extract Market Forecasts and Analysis - By End-Use
9.4.5 Middle East and Africa Frankincense Extract Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Frankincense Extract Market
9.4.5.1.1 South Africa Frankincense Extract Market by Form
9.4.5.1.2 South Africa Frankincense Extract Market by End-Use
9.4.5.2 Saudi Arabia Frankincense Extract Market
9.4.5.2.1 Saudi Arabia Frankincense Extract Market by Form
9.4.5.2.2 Saudi Arabia Frankincense Extract Market by End-Use
9.4.5.3 U.A.E Frankincense Extract Market
9.4.5.3.1 U.A.E Frankincense Extract Market by Form
9.4.5.3.2 U.A.E Frankincense Extract Market by End-Use
9.4.5.4 Rest of Middle East and Africa Frankincense Extract Market
9.4.5.4.1 Rest of Middle East and Africa Frankincense Extract Market by Form
9.4.5.4.2 Rest of Middle East and Africa Frankincense Extract Market by End-Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Frankincense Extract Market Overview
9.5.2 South and Central America Frankincense Extract Market Forecasts and Analysis
9.5.3 South and Central America Frankincense Extract Market Forecasts and Analysis - By Form
9.5.4 South and Central America Frankincense Extract Market Forecasts and Analysis - By End-Use
9.5.5 South and Central America Frankincense Extract Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Frankincense Extract Market
9.5.5.1.1 Brazil Frankincense Extract Market by Form
9.5.5.1.2 Brazil Frankincense Extract Market by End-Use
9.5.5.2 Argentina Frankincense Extract Market
9.5.5.2.1 Argentina Frankincense Extract Market by Form
9.5.5.2.2 Argentina Frankincense Extract Market by End-Use
9.5.5.3 Rest of South and Central America Frankincense Extract Market
9.5.5.3.1 Rest of South and Central America Frankincense Extract Market by Form
9.5.5.3.2 Rest of South and Central America Frankincense Extract Market by End-Use

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. FRANKINCENSE EXTRACT MARKET, KEY COMPANY PROFILES
11.1. AOS PRODUCTS PRIVATE LIMITED
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AROMAAZ INTERNATIONAL
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. AVI NATURAL
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DE MONCHY AROMATICS LIMITED
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. EDENS GARDEN INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. PHYTO LIFE SCIENCES P. LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PRIME NATURAL BEAUTY
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PRIME NATURAL BEAUTY
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SCENTS OF EARTH LLC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TRIVITA, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

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.
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