Global Boswellia Extracts Market, By Form (Powder, Liquid), Species (Boswellia Serrata, Boswellia Carterii, Boswellia Frereana, Boswellia Sacra, Boswellia Papyrifera), Application (Pharmaceutical, Food and Beverage, Aromatherapy, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Boswellia Extracts Market
Boswellia extracts market size is expected to grow at a compound annual rate of 5.1% in the forecast period 2021 to 2028 and is likely to reach USD 1.13 billion by 2028. The rise in the product acceptance and usage is the factor responsible for the growth of boswellia extracts market in the forecast period of 2021 to 2028.
Boswellia extract also knwon as shalaki extract, are derived from the boswellia extract tree and is prepared into an exact sufficient powder and converted into a liquid. It is one of the herbal products, available in a large amount, generally nearby the forests of Central and Western India.
The major growing factor towards boswellia extracts market is the rise in usage of boswellia extract as a flavoring agent in a bakery product such as biscuits, pastries and cookies. Furthermore, the rapid rise in the population who are aware of the natural health benefits of boswellia extract associtaed with increase in the pharmaceutical industries and companies that are manufacturing many types of products from boswellia extract are also expected to heighten the overall demand for boswellia extracts market over the forecast period of 2021 to 2028. Moreover, the rise in the usage of boswellia extract in many industries such as cosmetics, beverage, spa treatment and food also expected to serve as foremost drivers for the boswellia extracts market at a global level. In addition, the rise in the disposable income and increase in the popularity of various kinds of beverages are also lifting the growth of the boswellia extracts market.
However, the high cost of the product and boswellia might cause gastrointestinal distress, counting stomach pain, nausea and hyperacidity which are projected to act as a restraint towards the growth of boswellia extracts market, whereas the easy availability of alternatives can challenge the growth of the boswellia extracts market.
Moreover, the high adoption of boswellia extract in several industries, number of rise in the health conscious consumers and increase in pharmaceutical manufacturers are expected to further generate new opportunities for the boswellia extracts market in the forecast period of 2021 to 2028.
This boswellia extracts market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on boswellia extracts market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Boswellia Extracts Market Scope and Market Size
- Boswellia extracts market is segmented on the basis of form, species and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of form, the boswellia extracts market has been segmented into liquid and powder.
- The species segment of the boswellia extracts market has been segmented into boswellia serrata, boswellia carterii, boswellia frereana, boswellia sacra and boswellia papyrifera.
- On the basis of application, the boswellia extracts market has been segmented into pharmaceutical, food and beverage, aromatherapy and others.
Boswellia Extracts Market Country Level Analysis
Boswellia extracts market is analyses and market size, volume information is provided by country, form, species and application as referenced above.
The countries covered in the boswellia extracts market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America leads the boswellia extracts market due to the rise in the health conscious which is resulting in high demand for nutritious food in the U.S. and Canada. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the rise in the health conscious amongst consumers as they demand for nutritious food.
The country section of the boswellia extracts market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Boswellia Extracts Market Share Analysis
Boswellia extracts market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to boswellia extracts market.
The major players covered in the boswellia extracts report are Alchem International Pvt. Ltd., Arjuna Natural Pvt Ltd., NOW Foods, Alpspure Lifesciences Private Limited, Ambe Ns Agro Product Pvt Ltd., HERBAL CREATIONS, S.A. Herbal Bioactives LLP, Marven Bio Chem, Manus Aktteva Biopharma LLP, Herbochem, Phyto Life Sciences P Ltd., NATURE & NURTURE HEALTHCARE PVT. LTD., Sabinsa, PLT Health Solutions, Nutra Green Biotechnology Co., Ltd., Gurjar Phytochem Pvt. Ltd., Venkatesh Naturals, HERBAL CREATIONS, S P R Oncocare Pvt ltd., and Bio Natural among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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