Market Overview:
The global Boswellia market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for Boswellia products due to their health benefits, and increasing awareness about the benefits of using natural ingredients in personal care and other applications. The Boswellia resin segment is expected to account for the largest share of the global Boswellia market in 2018, followed by essential oils and extracts segments. The growth in this segment can be attributed to increasing demand for resin-based products due their various health benefits, such as reducing inflammation and pain relief. The food supplements application segment is expected to account for the largest share of the global Boswellia market in 2018, followed by herbal medicinal products and aromatherapy applications segments.
Product Definition:
Boswellia is a tree resin that has been used in traditional medicine for centuries. It has anti-inflammatory and analgesic properties, and is thought to help relieve pain and inflammation associated with conditions such as arthritis.
Resins:
Resins, also known as gum resins or tree resin is a natural part of the plant structure. It's primary function is to protect the plant from insects and other pests. Resin can be extracted from various parts of a tree including needles, bark, roots and fruits. The most commonly used resin in Boswellia products is Boswellia Carteri which comes from the sap of Bursera acerifolia trees native to India and Pakistan.
Essential Oils:
Essential oils are volatile organic compounds, which are extracted from plants by distillation or expression. These oils have a distinct aroma and offer various health benefits. They can be used directly for therapeutic purposes or in the formulation of various products such as soaps, shampoos, perfumes and cosmetics among others.
Application Insights:
Food supplements accounted for the largest share of over 40.0% in 2017. The product is widely used as a food additive and nutritional supplement owing to its anti-inflammatory, antidiabetic, antioxidant, hypoglycemic and immunomodulating properties. It also helps in maintaining proper liver function by balancing the levels of glucose and cholesterol in the body. These factors are likely to boost demand from food supplements application segment over the forecast period.
The personal care products segment is expected to witness significant growth with a CAGR of XX% from 2018 to 2030 on account of increasing utilization for skin conditions such as acne & eczema due to its high essential oil content (Boswellia Carteri Oil). In addition, it has excellent moisturizing properties which help repair dry skin patches caused due to harsh climatic conditions or chronic exposure towards pollution particles etc.
Regional Analysis:
North America was the largest market in 2017 owing to high consumer awareness and availability of products with low side effects. The region is expected to maintain its dominance over the forecast period due to increasing R&D activities for development of new products and extensive usage of boswellia extracts in food, supplements, cosmetics, and other applications.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast years on account of rising demand for natural ingredients as a result of growing health consciousness among consumers. In addition, increasing disposable income levels coupled with expanding middle class population groups will drive growth further.
Growth Factors:
- Increasing demand for natural and herbal products for the treatment of various diseases is driving the growth of the Boswellia market.
- The increasing awareness about the health benefits associated with Boswellia is also propelling the growth of this market.
- The growing popularity of ayurveda and other traditional medicines is also fueling the demand for Boswellia products worldwide.
- The increasing research and development activities in this field are providing new opportunities to players operating in this market.
- Growing number of collaborations and partnerships between manufacturers and distributors is helping to expand reach of Boswellia products globally
Scope Of The Report
Report Attributes
Report Details
Report Title
Boswellia Market Research Report
By Type
Resins, Essential Oils, Extracts
By Application
Food Supplements, Herbal Medicinal Products, Aromatherapy, Personal Care Products, Others
By Companies
Sabinsa, Arjuna Natural, PLT Health Solutions, Alchem International, Nutra Green Biotechnology, Gurjar Phytochem, Herbal Bioactives, Alpspure Lifesciences Private, Sabinsa
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Boswellia Market Report Segments:
The global Boswellia market is segmented on the basis of:
Types
Resins, Essential Oils, Extracts
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Supplements, Herbal Medicinal Products, Aromatherapy, Personal Care Products, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sabinsa
- Arjuna Natural
- PLT Health Solutions
- Alchem International
- Nutra Green Biotechnology
- Gurjar Phytochem
- Herbal Bioactives
- Alpspure Lifesciences Private
- Sabinsa
Highlights of The Boswellia Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Resins
- Essential Oils
- Extracts
- By Application:
- Food Supplements
- Herbal Medicinal Products
- Aromatherapy
- Personal Care Products
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Boswellia Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Boswellia is a plant that has been used for centuries in traditional medicine. Boswellia extracts have been shown to have anti-inflammatory and analgesic properties.
Some of the key players operating in the boswellia market are Sabinsa, Arjuna Natural, PLT Health Solutions, Alchem International, Nutra Green Biotechnology, Gurjar Phytochem, Herbal Bioactives, Alpspure Lifesciences Private, Sabinsa.
The boswellia market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Boswellia Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Boswellia Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Boswellia Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Boswellia Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Boswellia Market Size & Forecast, 2018-2028
4.5.1 Boswellia Market Size and Y-o-Y Growth
4.5.2 Boswellia Market Absolute $ Opportunity
Chapter 5 Global Boswellia Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Boswellia Market Size Forecast by Type
5.2.1 Resins
5.2.2 Essential Oils
5.2.3 Extracts
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Boswellia Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Boswellia Market Size Forecast by Applications
6.2.1 Food Supplements
6.2.2 Herbal Medicinal Products
6.2.3 Aromatherapy
6.2.4 Personal Care Products
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Boswellia Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Boswellia Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Boswellia Analysis and Forecast
9.1 Introduction
9.2 North America Boswellia Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Boswellia Market Size Forecast by Type
9.6.1 Resins
9.6.2 Essential Oils
9.6.3 Extracts
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Boswellia Market Size Forecast by Applications
9.10.1 Food Supplements
9.10.2 Herbal Medicinal Products
9.10.3 Aromatherapy
9.10.4 Personal Care Products
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Boswellia Analysis and Forecast
10.1 Introduction
10.2 Europe Boswellia Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Boswellia Market Size Forecast by Type
10.6.1 Resins
10.6.2 Essential Oils
10.6.3 Extracts
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Boswellia Market Size Forecast by Applications
10.10.1 Food Supplements
10.10.2 Herbal Medicinal Products
10.10.3 Aromatherapy
10.10.4 Personal Care Products
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Boswellia Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Boswellia Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Boswellia Market Size Forecast by Type
11.6.1 Resins
11.6.2 Essential Oils
11.6.3 Extracts
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Boswellia Market Size Forecast by Applications
11.10.1 Food Supplements
11.10.2 Herbal Medicinal Products
11.10.3 Aromatherapy
11.10.4 Personal Care Products
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Boswellia Analysis and Forecast
12.1 Introduction
12.2 Latin America Boswellia Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Boswellia Market Size Forecast by Type
12.6.1 Resins
12.6.2 Essential Oils
12.6.3 Extracts
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Boswellia Market Size Forecast by Applications
12.10.1 Food Supplements
12.10.2 Herbal Medicinal Products
12.10.3 Aromatherapy
12.10.4 Personal Care Products
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Boswellia Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Boswellia Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Boswellia Market Size Forecast by Type
13.6.1 Resins
13.6.2 Essential Oils
13.6.3 Extracts
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Boswellia Market Size Forecast by Applications
13.10.1 Food Supplements
13.10.2 Herbal Medicinal Products
13.10.3 Aromatherapy
13.10.4 Personal Care Products
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Boswellia Market: Competitive Dashboard
14.2 Global Boswellia Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sabinsa
14.3.2 Arjuna Natural
14.3.3 PLT Health Solutions
14.3.4 Alchem International
14.3.5 Nutra Green Biotechnology
14.3.6 Gurjar Phytochem
14.3.7 Herbal Bioactives
14.3.8 Alpspure Lifesciences Private
14.3.9 Sabinsa
