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Frankincense Extract Market Report


Company Analysis, History and Future Overview, Global Sales Trends by 2025


Published Date: 2019-06-19   |   Pages: Ongoing   |   Tables: Ongoing   |  Report ID: 7262 |  Industry: Consumer Goods  |   Format : pdf word ppt excel



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Frankincense is extracted from genus Boswellia trees and is belonging to the family of Burseraceae- a flowering plant. It is also known as olibanum and is widely used to make incense and perfumes. Native to Oman, Northen Somalia, Ethiopia, and South Yemen, Frankincense produces resins.  As Frankincense extract is mainly produced in Somalia and Ethiopia, the growth of Frankincense extract market is witnessed mainly in Africa region. Frankincense extract does not only nourishes your skin but has also medical properties. For example, it is used to treat several inflammatory diseases such as bowel diseases, asthma, and other allergies. Frankincense is an effective treatment for arthritis.  

In the Middle East region, Frankincense trees have greater importance. The people in Egypt, in particular, use the leaves of the Frankincense tree for religious purpose and to make cosmetics. At present, it has been revealed through various studies and research that the oil extracted from Frankincense has properties that assist in relieving skin conditions.

Rising Incidents of Skin-Related Issues to Boost the Global Frankincense Extract Market

It has been witnessed that the adoption of frankincense extract has increased in several end-use industries such as cosmetics and pharmaceuticals since past few years. This particular factor is creating robust growth in the global Frankincense extract market. Apart from this, growing awareness about several health benefits associated with Frankincense extract such as antibacterial, anti-inflammatory, antifungal, antioxidant and cytophylactic is expected to boost the growth of global Frankincense extract market.  

Rising prevalence of various skin-related diseases such as dermatitis and skin break out are impelling the development of Frankincense extract market.  However, Frankincense is likely to cause gastrointestinal trouble i.e. hyperacidity, stomach torment, and queasiness. These factors are likely to hamper the growth of the global Frankincense extract market in the years to come.

Market Segmentation

By Product Type

   Cosmetic Grade

   Pharmaceutical Grade

   Others

By Application

   Aromatherapy

   Oral Care

   Perfumes

   Skin Care

   Medicine

   Others

Pharmaceutical Grade segment is expected to grow at remarkable growth rate. Due to an increasing usage of cosmetics particularly amongst youngsters cosmetic grade segments is likely to grab is significant market share during the projected years.  

By Region

world_regions

Regional Overview

Europe region is expected to grab a major share of the Frankincense market in terms of revenue and is likely to dominate the market in the years to come. The primary reasons for this growth are high demand for an aromatherapy treatment and greater adoption of Frankincense extracts in Germany, Italy, UK, and France. Asia Pacific market for Frankincense extract is expected to see rapid growth, because of the rising status of fragrance and toiletry industry in emerging economies such as China and India.

Top Players in the Market

Phyto Life Sciences P. Ltd., De Monchy Aromatics Limited, Prime Natural Beauty, AOS Products Private Limited, Edens Garden Inc., and TriVita, Inc. are some of the key players that are operating in the global Frankincense extract market. 

Key Features of this Report

This exclusive report offers an in-depth and comprehensive analysis of global Frankincense extract market and delivers CAGR and market size for the projected year. The base year has taken into consideration while analyzing the market. The report illuminates potential opportunities of revenues in various segments covered in this report and also elucidates investment proposition matric for the global Frankincense extracts market.  

Key market dynamics that include restraints, drivers, opportunities, trends, the launch of new products, regional overview and key players and their strategies are some of the important aspects of this report.

This report has profiled top players operating in the global Frankincense extract market based on future plans, company overview, key strategies & developments, financial performance, distribution strategies, product portfolio, and top players’ geographical presence.

QYR Consulting uses its core strength to identify the trends that will shape the consumer goods industry in the coming decades. The launch of innumerable innovative products has dramatically changed lifestyles and outlook toward living. Relentless sales of a wide range of consumer goods have opened up growth avenues for several other industries such as electronics, clothing, and food and beverages amongst others. The reports listed below study how the changing economy, improving GDP, and rising purchasing power have created a fertile ground for growth of the consumer goods industry.

QYR Consulting deep dives into the changing patterns of the consumer goods industry that is spread over both developing and developed parts of the world. It estimates the market fluctuations and helps its readers to prepare for ever-changing consumer demands. The reports focus on giving the readers a thorough understanding of the competitive strategies of the companies to make meaningful business decisions.

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Why QYR Consulting?


We are committed to delivering the best solutions and we offer a 24*7 helpline.


We promise superior quality of authenticated data.


We offer help and advice across varying time zones.


We boast a strong team of experienced analysts.


We have an exhaustive repository of published reports.


Read More

Contact us Directly

USA
 +1 626 428 8800

India
  +91 20 67104444

Beijing
  +86 108 294 5717

For Enquiry : sales@qyrconsulting.com

Request for Tables and Figures



  You must accept our privacy policies before submit your requirement




Why QYR Consulting?


We are committed to delivering the best solutions and we offer a 24*7 helpline.


We promise superior quality of authenticated data.


We offer help and advice across varying time zones.


We boast a strong team of experienced analysts.


We have an exhaustive repository of published reports.


Read More

Contact us Directly

USA
 +1 626 428 8800

India
  +91 20 67104444

Beijing
  +86 108 294 5717

For Enquiry : sales@qyrconsulting.com

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Frankincense Extract Market Report