Boswellia is an active compound extracted from a variety of different species of frankincense. Frankincense is an oleogum-resin, also known as olibanum. Boswellia is commonly found in the gum belt in Central Africa, the Middle East, India, and Pakistan. Different species are used in the production of resins, essential oils, and extracts.
Albany, NY -- (SBWIRE) -- 11/12/2018 -- A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled "Global Boswellia Market: Growth Focusing on Trends & Innovations during the Period until 2026" which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview.
Through a detailed study of the market, our analysts have observed that, there is a tendency amongst the end users of boswellia to shift from resin type boswellia to extract type boswellia, which is likely to result in an increase in market demand over the forecast period. Also, the high prices of products sourced through boswellia papyrifera, boswellia sacra, boswellia serrate, and boswellia cartetii are deemed to cause a concern in raw material procurement. The report further states that, the use of boswellia in the food industry as a supplement is likely to result in a lucrative market opportunity for the producers of boswellia targeting this segment. On the basis of region, the European boswellia market is expected to hold the highest market share throughout the forecast period, owing to more consumption of boswellia as food supplements in the region. Following Europe, the North American boswellia market is expected to hold the second-largest market share throughout the forecast period.
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The report includes the company profiles of key producers of boswellia, and the revenue generated from companies across North America, Latin America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). For the estimation of revenue, regional average prices were obtained through quotes from numerous boswellia producers, exporters, and distributors. All the key application segments of boswellia have been considered, and potential applications have been estimated on the basis of secondary sources and feedback from primary respondents. Some of the key data points collected for the modeling approach include the food and beverage sector overview, regional food and beverage outlook, average usage of supplements, including boswellia in food products, and others. The market has been forecasted based on constant currency rates.
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, and Hoovers, and company annual reports and publications. This report covers market dynamics related to boswellia that include the drivers, restraints, and trends driving each segment and opportunities in boswellia market. The report also includes analysis and insights into the potential of the boswellia market in specific regions. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, product portfolio of boswellia producers, and recent developments in the boswellia market space. Some of the key players analyzed are Sabinsa Corporation, Arjuna Natural Extracts Ltd., PLT Health Solutions, Inc., Alchem International Private Limited, Nutra Green Biotechnology Co., Ltd., Gurjar Phytochem Pvt. Ltd., S.A. Herbal Bioactives LLP, and Alpspure Lifesciences Private Limited, among other boswellia producers.
Global Boswellia Market – By Product Type
Resins
Essential Oils
Extracts
Global Boswellia Market – By Source
Boswellia papyrifera
Boswellia sacra
Boswellia serrata
Boswellia cartetii
Others
Global Boswellia Market – By Application
Joint Health
Stress/Anxiety Relief
Anti-inflammation
Asthma
Digestive Disorders
Incense
Others
Global Boswellia Market – By End Use
Food Supplements
Herbal Medicinal Products
Aromatherapy
Personal Care Products
Others
Global Boswellia Market – By Region
North America
Europe
Latin America
Asia Pacific
Middle East & Africa
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