The global Olibanum Gum market is expected to grow at a CAGR of 5.2% during the forecast period, to reach USD 1.5 billion by 2030. The growth of this market is driven by the increasing demand for incense and perfume in Asia Pacific and Europe, as well as the growing demand for insecticide in Latin America and Africa.
The global Olibanum Gum market is segmented on the basis of type, application, and region. On the basis of type, it is classified into Tigraye, Ogaden, Borena; on the basis of application it is classified into Perfume (25%), Incense (25%), Soap (20%), Insecticide (15%), Confectionary (10%); on the basis of region it includes North America (40%), Latin America (30%), Europe(20%) Asia Pacific(10%) Middle East & Africa(5%).
- The Olibanum Gum market is expected to grow at a CAGR of 6.5% from 2017 to 2025.
- Increasing demand for natural products and the rising awareness about the benefits of Olibanum Gum are some of the factors driving the growth of this market.
- The increasing number of people suffering from chronic diseases such as diabetes, obesity, and cardiovascular diseases is also driving the growth of this market.
- The growing demand for Olibanum Gum in emerging economies such as China and India is also a major factor driving this market's growth.
- Increasing research on Olibanum Gum's potential health benefits.
Industry Growth Insights published a new data on “Olibanum Gum Market”. The research report is titled “Olibanum Gum Market research by Types (Tigraye, Ogaden, Borena), By Applications (Perfume, Incense, Soap, Insecticide, Confectionary, Other), By Players/Companies Alfarid, East African Gum Trading, Babulal Sarabhai, Penn Herb, HPI Gums, Madina Industrial”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Olibanum Gum Market Research Report
By Type
Tigraye, Ogaden, Borena
By Application
Perfume, Incense, Soap, Insecticide, Confectionary, Other
By Companies
Alfarid, East African Gum Trading, Babulal Sarabhai, Penn Herb, HPI Gums, Madina Industrial
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Olibanum Gum Market Report Segments:
The global Olibanum Gum market is segmented on the basis of:
Types
Tigraye, Ogaden, Borena
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
Perfume, Incense, Soap, Insecticide, Confectionary, Other
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:
- Alfarid
- East African Gum Trading
- Babulal Sarabhai
- Penn Herb
- HPI Gums
- Madina Industrial
Highlights of The Olibanum Gum 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:
- Tigraye
- Ogaden
- Borena
- By Application:
- Perfume
- Incense
- Soap
- Insecticide
- Confectionary
- Other
- 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 Olibanum Gum 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.
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- Correctly Positioning New Products
- Market Entry Strategies
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- 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?
Olibanum gum is a natural gum resin extracted from the olibanum tree. It has been used for centuries in traditional medicine to treat a variety of ailments, including pain relief, inflammation, and anxiety.
Some of the major players in the olibanum gum market are Alfarid, East African Gum Trading, Babulal Sarabhai, Penn Herb, HPI Gums, Madina Industrial.
The olibanum gum market is expected to grow at a compound annual growth rate of 5.2%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Olibanum Gum 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. Olibanum Gum Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Olibanum Gum Market - Supply Chain
4.5. Global Olibanum Gum Market Forecast
4.5.1. Olibanum Gum Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Olibanum Gum Market Size (000 Units) and Y-o-Y Growth
4.5.3. Olibanum Gum Market Absolute $ Opportunity
5. Global Olibanum Gum 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. Olibanum Gum Market Size and Volume Forecast by Type
5.3.1. Tigraye
5.3.2. Ogaden
5.3.3. Borena
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Olibanum Gum 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. Olibanum Gum Market Size and Volume Forecast by Application
6.3.1. Perfume
6.3.2. Incense
6.3.3. Soap
6.3.4. Insecticide
6.3.5. Confectionary
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Olibanum Gum 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. Olibanum Gum 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 Olibanum Gum 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. Olibanum Gum 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 Olibanum Gum Demand Share Forecast, 2019-2026
9. North America Olibanum Gum 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 Olibanum Gum 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 Olibanum Gum Market Size and Volume Forecast by Application
9.4.1. Perfume
9.4.2. Incense
9.4.3. Soap
9.4.4. Insecticide
9.4.5. Confectionary
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Olibanum Gum Market Size and Volume Forecast by Type
9.7.1. Tigraye
9.7.2. Ogaden
9.7.3. Borena
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 Olibanum Gum Demand Share Forecast, 2019-2026
10. Latin America Olibanum Gum 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 Olibanum Gum 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 Olibanum Gum Market Size and Volume Forecast by Application
10.4.1. Perfume
10.4.2. Incense
10.4.3. Soap
10.4.4. Insecticide
10.4.5. Confectionary
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Olibanum Gum Market Size and Volume Forecast by Type
10.7.1. Tigraye
10.7.2. Ogaden
10.7.3. Borena
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 Olibanum Gum Demand Share Forecast, 2019-2026
11. Europe Olibanum Gum 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 Olibanum Gum 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 Olibanum Gum Market Size and Volume Forecast by Application
11.4.1. Perfume
11.4.2. Incense
11.4.3. Soap
11.4.4. Insecticide
11.4.5. Confectionary
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Olibanum Gum Market Size and Volume Forecast by Type
11.7.1. Tigraye
11.7.2. Ogaden
11.7.3. Borena
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Maret Attractiveness/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 Olibanum Gum Demand Share, 2019-2026
12. Asia Pacific Olibanum Gum 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 Olibanum Gum 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 Olibanum Gum Market Size and Volume Forecast by Application
12.4.1. Perfume
12.4.2. Incense
12.4.3. Soap
12.4.4. Insecticide
12.4.5. Confectionary
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Olibanum Gum Market Size and Volume Forecast by Type
12.7.1. Tigraye
12.7.2. Ogaden
12.7.3. Borena
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 Olibanum Gum Demand Share, 2019-2026
13. Middle East & Africa Olibanum Gum 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 Olibanum Gum 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 Olibanum Gum Market Size and Volume Forecast by Application
13.4.1. Perfume
13.4.2. Incense
13.4.3. Soap
13.4.4. Insecticide
13.4.5. Confectionary
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Olibanum Gum Market Size and Volume Forecast by Type
13.7.1. Tigraye
13.7.2. Ogaden
13.7.3. Borena
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 Olibanum Gum Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Olibanum Gum Market: Market Share Analysis
14.2. Olibanum Gum Distributors and Customers
14.3. Olibanum Gum Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Alfarid
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. East African Gum Trading
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Babulal Sarabhai
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Penn Herb
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. HPI Gums
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Madina Industrial
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
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
