The global myrrh powder market is expected to grow at a CAGR of 6.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of the market can be attributed to the increasing demand for natural products in food and beverage industry, pharmaceutical industry, and cosmetics and personal care industry. The organic myrrh powder segment is expected to grow at a CAGR of 7% during the forecast period due to its high demand in food and beverage industry as well as pharmaceutical industry.
North America accounted for the largest share of the global myrrh powder market in 2017, followed by Europe and Asia Pacific respectively. Asia Pacific is projected to witness significant growth during the forecast period owing to its large population base coupled with rising disposable income levels which are driving up demand for cosmetics products such as face creams, lipsticks, eye shadows etc, which use myrrh powder as an ingredient.
Some Of The Growth Factors Of This Market:
- Myrrh is a natural antiseptic and anti-inflammatory agent that can be used to treat skin conditions such as acne, eczema, and psoriasis.
- The use of myrrh in cosmetics has increased in recent years due to its ability to reduce the appearance of wrinkles and fine lines on the skin.
- Myrrh is also used as an ingredient in incense, perfumes, soaps, toothpaste, mouthwash and other products for oral hygiene purposes.
- The demand for myrrh has been increasing due to its use as a natural remedy for coughs and colds by many people around the world.
- Myrrh is also used in traditional Chinese medicine.
Industry Growth Insights published a new data on “Myrrh Powder Market”. The research report is titled “Myrrh Powder Market research by Types (Organic Myrrh Powder, Conventional Myrrh Powder), By Applications (Food and Beverage Industry, Pharmaceutical Industry, Cosmetics and Personal Care Industry, Others), By Players/Companies Mountain Rose, Texas Natural Supply, Oregon’s Wild Harvest, Organic Creations, LIVING EARTH HERBS, Scents of Earth, Crafters Choice, Shaanxi Yuanjian Biological, Xi'an Fengzu Biological”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Myrrh Powder Market Research Report
By Type
Organic Myrrh Powder, Conventional Myrrh Powder
By Application
Food and Beverage Industry, Pharmaceutical Industry, Cosmetics and Personal Care Industry, Others
By Companies
Mountain Rose, Texas Natural Supply, Oregon’s Wild Harvest, Organic Creations, LIVING EARTH HERBS, Scents of Earth, Crafters Choice, Shaanxi Yuanjian Biological, Xi'an Fengzu Biological
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Myrrh Powder Market Report Segments:
The global Myrrh Powder market is segmented on the basis of:
Types
Organic Myrrh Powder, Conventional Myrrh Powder
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 and Beverage Industry, Pharmaceutical Industry, Cosmetics and Personal Care Industry, 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:
- Mountain Rose
- Texas Natural Supply
- Oregon’s Wild Harvest
- Organic Creations
- LIVING EARTH HERBS
- Scents of Earth
- Crafters Choice
- Shaanxi Yuanjian Biological
- Xi'an Fengzu Biological
Highlights of The Myrrh Powder 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:
- Organic Myrrh Powder
- Conventional Myrrh Powder
- By Application:
- Food and Beverage Industry
- Pharmaceutical Industry
- Cosmetics and Personal Care Industry
- 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 Myrrh Powder 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?
Myrrh powder is a fragrant resin obtained from the myrrh tree. It has been used for centuries as a perfume and incense, and is also used in religious ceremonies.
Some of the major players in the myrrh powder market are Mountain Rose, Texas Natural Supply, Oregon¢â‚¬â„¢s Wild Harvest, Organic Creations, LIVING EARTH HERBS, Scents of Earth, Crafters Choice, Shaanxi Yuanjian Biological, Xi'an Fengzu Biological.
The myrrh powder market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Myrrh Powder Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Myrrh Powder Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Myrrh Powder Market - Supply Chain
4.5. Global Myrrh Powder Market Forecast
4.5.1. Myrrh Powder Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Myrrh Powder Market Size (000 Units) and Y-o-Y Growth
4.5.3. Myrrh Powder Market Absolute $ Opportunity
5. Global Myrrh Powder Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Myrrh Powder Market Size and Volume Forecast by Type
5.3.1. Organic Myrrh Powder
5.3.2. Conventional Myrrh Powder
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Myrrh Powder Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Myrrh Powder Market Size and Volume Forecast by Application
6.3.1. Food and Beverage Industry
6.3.2. Pharmaceutical Industry
6.3.3. Cosmetics and Personal Care Industry
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Myrrh Powder Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Myrrh Powder Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Myrrh Powder Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Myrrh Powder Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Myrrh Powder Demand Share Forecast, 2019-2026
9. North America Myrrh Powder Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Myrrh Powder Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Myrrh Powder Market Size and Volume Forecast by Application
9.4.1. Food and Beverage Industry
9.4.2. Pharmaceutical Industry
9.4.3. Cosmetics and Personal Care Industry
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Myrrh Powder Market Size and Volume Forecast by Type
9.7.1. Organic Myrrh Powder
9.7.2. Conventional Myrrh Powder
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Myrrh Powder Demand Share Forecast, 2019-2026
10. Latin America Myrrh Powder Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Myrrh Powder Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Myrrh Powder Market Size and Volume Forecast by Application
10.4.1. Food and Beverage Industry
10.4.2. Pharmaceutical Industry
10.4.3. Cosmetics and Personal Care Industry
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Myrrh Powder Market Size and Volume Forecast by Type
10.7.1. Organic Myrrh Powder
10.7.2. Conventional Myrrh Powder
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Myrrh Powder Demand Share Forecast, 2019-2026
11. Europe Myrrh Powder Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Myrrh Powder Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Myrrh Powder Market Size and Volume Forecast by Application
11.4.1. Food and Beverage Industry
11.4.2. Pharmaceutical Industry
11.4.3. Cosmetics and Personal Care Industry
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Myrrh Powder Market Size and Volume Forecast by Type
11.7.1. Organic Myrrh Powder
11.7.2. Conventional Myrrh Powder
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market ttractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Myrrh Powder Demand Share, 2019-2026
12. Asia Pacific Myrrh Powder Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Myrrh Powder Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Myrrh Powder Market Size and Volume Forecast by Application
12.4.1. Food and Beverage Industry
12.4.2. Pharmaceutical Industry
12.4.3. Cosmetics and Personal Care Industry
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Myrrh Powder Market Size and Volume Forecast by Type
12.7.1. Organic Myrrh Powder
12.7.2. Conventional Myrrh Powder
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Myrrh Powder Demand Share, 2019-2026
13. Middle East & Africa Myrrh Powder Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Myrrh Powder Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Myrrh Powder Market Size and Volume Forecast by Application
13.4.1. Food and Beverage Industry
13.4.2. Pharmaceutical Industry
13.4.3. Cosmetics and Personal Care Industry
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Myrrh Powder Market Size and Volume Forecast by Type
13.7.1. Organic Myrrh Powder
13.7.2. Conventional Myrrh Powder
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Myrrh Powder Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Myrrh Powder Market: Market Share Analysis
14.2. Myrrh Powder Distributors and Customers
14.3. Myrrh Powder Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mountain Rose
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Texas Natural Supply
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Oregons Wild Harvest
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Organic Creations
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. LIVING EARTH HERBS
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Scents of Earth
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Crafters Choice
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Shaanxi Yuanjian Biological
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Xi'an Fengzu Biological
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
