Global Boswellia Market, By Product Type (Resins, Essential Oils, Extracts), Source (Boswellia Papyrifera, Boswellia Sacra, Boswellia Serrata, Boswellia Cartetii, Others), Application (Joint Health, Stress/Anxiety Relief, Anti-inflammation, Asthma, Digestive Disorders, Incense, Others), End Use (Food Supplements, Herbal Medicinal Products, Aromatherapy, Personal Care Products, 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 Market
The boswellia market is expected to witness market growth at a rate of 4% in the forecast period of 2021 to 2028. Data Bridge Market Research report on boswellia market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the need for the herbal medicine is escalating the growth of boswellia market.
Boswellia is known to as a Indian herbal product which is amply available in the country, mostly around the forests of Central and Western India. This particular botanic plant is recognized as the Indian Olibanum. Other forms of Boswellia trees comprise of Boswellia Sacra and Boswellia carteri, which flourish in the territories of Oman (Middle East) and North Africa. Additionally, the Boswellia looks to be innocuous and has a history of utilization in the pharmaceutical industry.
Major factors that are expected to boost the growth of the boswellia market in the forecast period are the rise in the elderly population. Furthermore, the increase in the trend among the health awareness users and pharmaceutical companies is further anticipated to propel the growth of the boswellia market. Moreover, the growing in the application in the cosmetic industry is further estimated to cushion the growth of the boswellia market. On the other hand, the rise in the price of the product is further projected to impede the growth of the boswellia market in the timeline period.
In addition, the rise in the need of the natural ingredients will further provide potential opportunities for the growth of the boswellia market in the coming years. However, the inadequate amount of scope for Boswellia extracts which might further challenge the growth of the boswellia market in the near future.
This boswellia market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Boswellia Market Scope and Market Size
The boswellia market is segmented on the basis of product type, source, application and end use. The growth among segments helps you analyse 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 product type, the boswellia market is segmented into resins, essential oils and extracts.
- On the basis of source, the boswellia market is segmented into boswellia papyrifera, boswellia sacra, boswellia serrata, boswellia cartetii and others.
- On the basis of application, the boswellia market is segmented into joint health, stress or anxiety relief, anti-inflammation, asthma, digestive disorders, incense and others.
- On the basis of end use, the boswellia market is segmented into food supplements, herbal medicinal products, aromatherapy, personal care products and others.
Boswellia Market Country Level Analysis
The boswellia market is analysed and market size, volume information is provided by country, product type, source, application and end use as referenced above.
The countries covered in the boswellia market report are the 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).
Asia-Pacific dominates the boswellia market due to the abundance of Boswellia. Furthermore, rise in the applications in the pharmaceutical industry will further boost the growth of the boswellia market in the region during the forecast period. North America is projected to observe significant amount of growth in the boswellia market due to the occurrence of major key players. Moreover, the rise in the cases of cancer is further anticipated to propel the growth of the boswellia market in the region in the coming years.
The country section of the boswellia 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 Market Share Analysis
The boswellia 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 market.
The major players covered in the boswellia market report are Sabinsa, Arjuna Natural Pvt Ltd, PLT Health Solutions, Alchem International Pvt. Ltd., Nutra Green Biotechnology Co., Ltd., Gurjar Phytochem Pvt. Ltd., S.A. Herbal Bioactives LLP, Alpspure Lifesciences Private Limited., NOW Foods, Jayshreenath Herbals, Venkatesh Naturals Extract Pvt. Ltd., Herbal Creations, Ambe Ns Agro Product Pvt Ltd, MANUS AKTTEVA, Marven Bio Chem, Sydler Group of Companies, 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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