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PUBLISHER: Acute Market Reports | PRODUCT CODE: 1510290

PUBLISHER: Acute Market Reports | PRODUCT CODE: 1510290

Boswellia Market - Growth, Future Prospects and Competitive Analysis, 2024 - 2032

PUBLISHED: June 1, 2024

PAGES: 179 Pages

DELIVERY TIME: 1-2 business days

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The boswellia market encompasses the global trade and production of Boswellia resin, more commonly known as frankincense. This resin is harvested from the Boswellia tree, which is native to regions of the Arabian Peninsula and parts of Africa. The market includes various segments based on the application of Boswellia resin, including pharmaceuticals, cosmetics, incense, and dietary supplements. Boswellia's anti-inflammatory and medicinal properties, primarily driven by active compounds such as boswellic acids, position it prominently in natural health products and alternative therapies. The boswellia market has been experiencing steady growth, with a projected Compound Annual Growth Rate (CAGR) of 4.7%. This growth is attributed to increasing consumer awareness and demand for natural and herbal products in various sectors. The pharmaceutical segment represents a significant portion of the market due to the therapeutic properties of Boswellia, particularly its effectiveness in treating chronic inflammatory conditions. Moreover, the expansion of its applications in skincare products due to its anti-inflammatory and skin-healing properties has bolstered its demand in the cosmetics sector.

Increasing Demand for Natural Health Solutions

The global shift towards natural and organic health solutions significantly drives the Boswellia market. Consumers are increasingly aware of the side effects associated with synthetic drugs and are turning towards natural alternatives for chronic conditions such as arthritis and asthma, where Boswellia's anti-inflammatory properties are highly valued. The growing consumer preference is also reflected in the surge of natural supplements in the market, with Boswellia being incorporated into formulations aimed at joint health, respiratory issues, and immune support. The shift is indicative of a broader trend within the health and wellness sector, where the demand for products that offer holistic health benefits without adverse effects is rising, bolstering the market growth of natural supplements like Boswellia.

Expansion in Therapeutic Applications

A significant opportunity for the Boswellia market lies in its potential expansion into new therapeutic areas. As ongoing studies continue to explore and validate the anti-inflammatory, anti-arthritic, and analgesic effects of Boswellia, the scope for its application in medical treatments is expanding. For instance, Boswellia is being researched for its efficacy in treating inflammatory bowel diseases and certain cancers, offering a broader market base for the product. This expansion is supported by the growing body of anecdotal evidence and preliminary studies that highlight its benefits, driving interest among healthcare professionals and patients alike.

Sustainability Concerns

The sustainability of Boswellia harvesting practices presents a considerable restraint in the market. The Boswellia trees, from which the resin is sourced, are primarily found in the wild settings of Africa and the Arabian Peninsula. Overharvesting and inadequate management of these resources threaten the natural habitat and the long-term availability of the resin. Environmental concerns, coupled with the increased demand, put pressure on the existing Boswellia populations, leading to potential shortages and higher prices, thus restraining market growth. The reliance on wild collections as opposed to cultivated sources limits the ability to control supply and quality, posing significant risks to the industry's sustainability.

Regulatory and Compliance Hurdles

Navigating the regulatory landscape poses a major challenge for the Boswellia market. The legal frameworks governing the use of herbal supplements vary significantly by region, affecting everything from product development to marketing. In many countries, Boswellia supplements must comply with strict regulations concerning safety, efficacy, and labeling, which can be costly and time-consuming for manufacturers. Additionally, the lack of standardization in the active compounds of Boswellia products leads to variability in consumer experiences and clinical outcomes, making it difficult to build a strong, trustworthy brand presence in the global market. These regulatory and compliance hurdles can impede market entry for new players and restrict the growth of existing ones, affecting the overall market dynamics.

Market Segmentation by Product

The Boswellia market is segmented by product type into resin, essential oil, and extract, each with its distinct market positioning and growth trajectory. Among these, the extract segment is poised to exhibit the highest Compound Annual Growth Rate (CAGR), driven by its increasing use in pharmaceuticals and dietary supplements due to its concentrated form, which is believed to offer more potent health benefits. In contrast, the resin holds the highest revenue share, as it is the most directly harvested form of Boswellia and serves as the base product for various derivative forms, including the essential oil and extract, ensuring its widespread use in traditional practices and incense.

Market Segmentation by Source

The market is further segmented by source, including Boswellia papyrifera, Boswellia sacra, Boswellia serrata, and Boswellia carterii. Boswellia serrata leads in revenue due to its extensive use in Ayurvedic medicine and its high boswellic acid content, which is highly valued in anti-inflammatory and cancer treatment research. Boswellia carterii, meanwhile, is expected to register the highest CAGR, largely due to growing interest in its unique aromatic properties and potential in skincare products.

Market Segmentation by Application

In terms of application, the market is categorized into joint health, stress/anxiety relief, anti-inflammation, asthma, digestive disorder, incense, and others. The joint health segment dominates in revenue generation as the global population ages and seeks natural remedies for osteoarthritis and joint pains, whereas the anti-inflammation segment is forecasted to grow at the fastest CAGR, fueled by extensive research into Boswellia's anti-inflammatory properties and increasing consumer demand for natural anti-inflammatory products.

Market Segmentation by End-Use

Lastly, the segmentation by end-use includes food supplements, herbal medicinal products, aromatherapy, personal care products, and others. Herbal medicinal products account for the highest revenue within the market due to the established presence and acceptance of Boswellia in herbal and traditional medicine systems across various cultures. However, the personal care products segment is anticipated to experience the highest CAGR, driven by the expanding incorporation of natural ingredients like Boswellia in skincare regimes and products, which is aligned with the growing consumer trend towards clean and holistic personal care solutions.

Regional Insights

In the geographic segmentation of the Boswellia market, trends show significant disparities in market dynamics across various regions. The Asia-Pacific region, specifically India, has historically dominated the market in terms of revenue due to its entrenched Ayurvedic traditions that utilize Boswellia extensively for its therapeutic properties. This region's well-established supply chain of Boswellia resin and derivatives supports its high revenue share. However, North America is projected to experience the highest Compound Annual Growth Rate (CAGR) from 2024 to 2032, driven by increasing consumer awareness of health and wellness, coupled with the rising popularity of natural dietary supplements and herbal medicines. Europe also shows promising growth potential, fueled by rising consumer preferences for natural products and stringent regulations supporting the use of safe and efficacious herbal supplements.

Competitive Trends

In terms of competitive trends among the top players in the Boswellia market, including Sabinsa Corporation, Arjuna Natural Ltd., PLT Health Solutions, Inc., Alchem International, Gurjar Phytochem Pvt. Ltd., Nutra Green Biotechnology Co., Ltd., S.A. Herbal Bioactives LLP, Alpspure Lifesciences Private Limited, Venkatesh Naturals Extract Pvt. Ltd., and Herbal Creations, the landscape is characterized by strategic expansions, partnerships, and product innovations. In 2023, these companies focused on optimizing extraction processes and expanding their product portfolios to include high-quality Boswellia extracts and derivatives targeted at various end-use sectors such as pharmaceuticals, dietary supplements, and personal care products. Over the forecast period from 2024 to 2032, these players are expected to continue their focus on research and development to enhance the efficacy and application scope of their offerings. Additionally, strategic alliances and partnerships with local and international businesses will likely be pivotal in their expansion strategies to new markets and segments. Market leaders are also anticipated to invest in sustainable sourcing practices and improve supply chain transparency to align with global environmental standards and consumer expectations for ethical and sustainable products.

Historical & Forecast Period

This study report represents an analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends & technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. The key data points that enable the estimation of Boswellia market are as follows:

Research and development budgets of manufacturers and government spending

Revenues of key companies in the market segment

Number of end users & consumption volume, price, and value.

Geographical revenues generated by countries considered in the report

Micro and macro environment factors that are currently influencing the Boswellia market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top-down and bottom-up approach for validation of market estimation assures logical, methodical, and mathematical consistency of the quantitative data.

Market Segmentation

Product

Resin

Essential Oil

Extract

Source

Boswellia Papyrifera

Boswellia Sacra

Boswellia Serrata

Boswellia Cartetii

Others

Application

Joint Health

Stress/Anxiety Relief

Anti-inflammation

Asthma

Digestive Disorder

Incense

Others

End-Use

Food Supplements

Herbal Medicinal Products

Aromatherapy

Personal Care Products

Others

Region Segment (2022-2032; US$ Million)

North America

U.S.

Canada

Rest of North America

UK and European Union

Germany

Spain

Italy

France

Rest of Europe

Asia Pacific

China

Japan

India

Australia

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East and Africa

GCC

Africa

Rest of Middle East and Africa

Key questions answered in this report

What are the key micro and macro environmental factors that are impacting the growth of Boswellia market?

What are the key investment pockets concerning product segments and geographies currently and during the forecast period?

Estimated forecast and market projections up to 2032.

Which segment accounts for the fastest CAGR during the forecast period?

Which market segment holds a larger market share and why?

Are low and middle-income economies investing in the Boswellia market?

Which is the largest regional market for Boswellia market?

What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?

Which are the key trends driving Boswellia market growth?

Who are the key competitors and what are their key strategies to enhance their market presence in the Boswellia market worldwide?

Product Code: 629-07-24

1. Preface

1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted

2. Executive Summary

2.1. Market Snapshot: Global Boswellia Market
2.2. Global Boswellia Market, By Product, 2023 (US$ Million)
2.3. Global Boswellia Market, By Source, 2023 (US$ Million)
2.4. Global Boswellia Market, By Application, 2023 (US$ Million)
2.5. Global Boswellia Market, By End-Use, 2023 (US$ Million)
2.6. Global Boswellia Market, By Geography, 2023 (US$ Million)
2.7. Attractive Investment Proposition by Geography, 2023

3. Boswellia Market: Competitive Analysis

3.1. Market Positioning of Key Boswellia Market Vendors
3.2. Strategies Adopted by Boswellia Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2023 Versus 2032

4. Boswellia Market: Macro Analysis & Market Dynamics

4.1. Introduction
4.2. Global Boswellia Market Value, 2022 - 2032, (US$ Million)
4.3. Market Dynamics
- 4.3.1. Market Drivers
- 4.3.2. Market Restraints
- 4.3.3. Key Challenges
- 4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis
4.6. Porter's Five Force Model
- 4.6.1. Supplier Power
- 4.6.2. Buyer Power
- 4.6.3. Threat Of Substitutes
- 4.6.4. Threat Of New Entrants
- 4.6.5. Competitive Rivalry
4.7. PESTEL Analysis
- 4.7.1. Political Landscape
- 4.7.2. Economic Landscape
- 4.7.3. Technology Landscape
- 4.7.4. Legal Landscape
- 4.7.5. Social Landscape

5. Boswellia Market: By Product, 2022-2032, USD (Million)

5.1. Market Overview
5.2. Growth & Revenue Analysis: 2023 Versus 2032
5.3. Market Segmentation
- 5.3.1. Resin
- 5.3.2. Essential Oil
- 5.3.3. Extract

6. Boswellia Market: By Source, 2022-2032, USD (Million)

6.1. Market Overview
6.2. Growth & Revenue Analysis: 2023 Versus 2032
6.3. Market Segmentation
- 6.3.1. Boswellia Papyrifera
- 6.3.2. Boswellia Sacra
- 6.3.3. Boswellia Serrata
- 6.3.4. Boswellia Cartetii
- 6.3.5. Others

7. Boswellia Market: By Application, 2022-2032, USD (Million)

7.1. Market Overview
7.2. Growth & Revenue Analysis: 2023 Versus 2032
7.3. Market Segmentation
- 7.3.1. Joint Health
- 7.3.2. Stress/Anxiety Relief
- 7.3.3. Anti-inflammation
- 7.3.4. Asthma
- 7.3.5. Digestive Disorder
- 7.3.6. Incense
- 7.3.7. Others

8. Boswellia Market: By End-Use, 2022-2032, USD (Million)

8.1. Market Overview
8.2. Growth & Revenue Analysis: 2023 Versus 2032
8.3. Market Segmentation
- 8.3.1. Food Supplements
- 8.3.2. Herbal Medicinal Products
- 8.3.3. Aromatherapy
- 8.3.4. Personal Care Products
- 8.3.5. Others

9. North America Boswellia Market, 2022-2032, USD (Million)

9.1. Market Overview
9.2. Boswellia Market: By Product, 2022-2032, USD (Million)
9.3. Boswellia Market: By Source, 2022-2032, USD (Million)
9.4. Boswellia Market: By Application, 2022-2032, USD (Million)
9.5. Boswellia Market: By End-Use, 2022-2032, USD (Million)
9.6.Boswellia Market: By Region, 2022-2032, USD (Million)
- 9.6.1.North America
  - 9.6.1.1. U.S.
    - 9.6.1.1.1. Boswellia Market: By Product, 2022-2032, USD (Million)
    - 9.6.1.1.2. Boswellia Market: By Source, 2022-2032, USD (Million)
    - 9.6.1.1.3. Boswellia Market: By Application, 2022-2032, USD (Million)
    - 9.6.1.1.4. Boswellia Market: By End-Use, 2022-2032, USD (Million)
  - 9.6.1.2. Canada
    - 9.6.1.2.1. Boswellia Market: By Product, 2022-2032, USD (Million)
    - 9.6.1.2.2. Boswellia Market: By Source, 2022-2032, USD (Million)
    - 9.6.1.2.3. Boswellia Market: By Application, 2022-2032, USD (Million)
    - 9.6.1.2.4. Boswellia Market: By End-Use, 2022-2032, USD (Million)
  - 9.6.1.3. Rest of North America
    - 9.6.1.3.1. Boswellia Market: By Product, 2022-2032, USD (Million)
    - 9.6.1.3.2. Boswellia Market: By Source, 2022-2032, USD (Million)
    - 9.6.1.3.3. Boswellia Market: By Application, 2022-2032, USD (Million)
    - 9.6.1.3.4. Boswellia Market: By End-Use, 2022-2032, USD (Million)

10. UK and European Union Boswellia Market, 2022-2032, USD (Million)

10.1. Market Overview
10.2. Boswellia Market: By Product, 2022-2032, USD (Million)
10.3. Boswellia Market: By Source, 2022-2032, USD (Million)
10.4. Boswellia Market: By Application, 2022-2032, USD (Million)
10.5. Boswellia Market: By End-Use, 2022-2032, USD (Million)
10.6.Boswellia Market: By Region, 2022-2032, USD (Million)
- 10.6.1.UK and European Union
  - 10.6.1.1. UK
    - 10.6.1.1.1. Boswellia Market: By Product, 2022-2032, USD (Million)
    - 10.6.1.1.2. Boswellia Market: By Source, 2022-2032, USD (Million)
    - 10.6.1.1.3. Boswellia Market: By Application, 2022-2032, USD (Million)
    - 10.6.1.1.4. Boswellia Market: By End-Use, 2022-2032, USD (Million)
  - 10.6.1.2. Germany
    - 10.6.1.2.1. Boswellia Market: By Product, 2022-2032, USD (Million)
    - 10.6.1.2.2. Boswellia Market: By Source, 2022-2032, USD (Million)
    - 10.6.1.2.3. Boswellia Market: By Application, 2022-2032, USD (Million)
    - 10.6.1.2.4. Boswellia Market: By End-Use, 2022-2032, USD (Million)
  - 10.6.1.3. Spain
    - 10.6.1.3.1. Boswellia Market: By Product, 2022-2032, USD (Million)
    - 10.6.1.3.2. Boswellia Market: By Source, 2022-2032, USD (Million)
    - 10.6.1.3.3. Boswellia Market: By Application, 2022-2032, USD (Million)
    - 10.6.1.3.4. Boswellia Market: By End-Use, 2022-2032, USD (Million)
  - 10.6.1.4. Italy
    - 10.6.1.4.1. Boswellia Market: By Product, 2022-2032, USD (Million)
    - 10.6.1.4.2. Boswellia Market: By Source, 2022-2032, USD (Million)
    - 10.6.1.4.3. Boswellia Market: By Application, 2022-2032, USD (Million)
    - 10.6.1.4.4. Boswellia Market: By End-Use, 2022-2032, USD (Million)
  - 10.6.1.5. France
    - 10.6.1.5.1. Boswellia Market: By Product, 2022-2032, USD (Million)
    - 10.6.1.5.2. Boswellia Market: By Source, 2022-2032, USD (Million)
    - 10.6.1.5.3. Boswellia Market: By Application, 2022-2032, USD (Million)
    - 10.6.1.5.4. Boswellia Market: By End-Use, 2022-2032, USD (Million)
  - 10.6.1.6. Rest of Europe
    - 10.6.1.6.1. Boswellia Market: By Product, 2022-2032, USD (Million)
    - 10.6.1.6.2. Boswellia Market: By Source, 2022-2032, USD (Million)
    - 10.6.1.6.3. Boswellia Market: By Application, 2022-2032, USD (Million)
    - 10.6.1.6.4. Boswellia Market: By End-Use, 2022-2032, USD (Million)

11. Asia Pacific Boswellia Market, 2022-2032, USD (Million)

11.1. Market Overview
11.2. Boswellia Market: By Product, 2022-2032, USD (Million)
11.3. Boswellia Market: By Source, 2022-2032, USD (Million)
11.4. Boswellia Market: By Application, 2022-2032, USD (Million)
11.5. Boswellia Market: By End-Use, 2022-2032, USD (Million)
11.6.Boswellia Market: By Region, 2022-2032, USD (Million)
- 11.6.1.Asia Pacific
  - 11.6.1.1. China
    - 11.6.1.1.1. Boswellia Market: By Product, 2022-2032, USD (Million)
    - 11.6.1.1.2. Boswellia Market: By Source, 2022-2032, USD (Million)
    - 11.6.1.1.3. Boswellia Market: By Application, 2022-2032, USD (Million)
    - 11.6.1.1.4. Boswellia Market: By End-Use, 2022-2032, USD (Million)
  - 11.6.1.2. Japan
    - 11.6.1.2.1. Boswellia Market: By Product, 2022-2032, USD (Million)
    - 11.6.1.2.2. Boswellia Market: By Source, 2022-2032, USD (Million)
    - 11.6.1.2.3. Boswellia Market: By Application, 2022-2032, USD (Million)
    - 11.6.1.2.4. Boswellia Market: By End-Use, 2022-2032, USD (Million)
  - 11.6.1.3. India
    - 11.6.1.3.1. Boswellia Market: By Product, 2022-2032, USD (Million)
    - 11.6.1.3.2. Boswellia Market: By Source, 2022-2032, USD (Million)
    - 11.6.1.3.3. Boswellia Market: By Application, 2022-2032, USD (Million)
    - 11.6.1.3.4. Boswellia Market: By End-Use, 2022-2032, USD (Million)
  - 11.6.1.4. Australia
    - 11.6.1.4.1. Boswellia Market: By Product, 2022-2032, USD (Million)
    - 11.6.1.4.2. Boswellia Market: By Source, 2022-2032, USD (Million)
    - 11.6.1.4.3. Boswellia Market: By Application, 2022-2032, USD (Million)
    - 11.6.1.4.4. Boswellia Market: By End-Use, 2022-2032, USD (Million)
  - 11.6.1.5. South Korea
    - 11.6.1.5.1. Boswellia Market: By Product, 2022-2032, USD (Million)
    - 11.6.1.5.2. Boswellia Market: By Source, 2022-2032, USD (Million)
    - 11.6.1.5.3. Boswellia Market: By Application, 2022-2032, USD (Million)
    - 11.6.1.5.4. Boswellia Market: By End-Use, 2022-2032, USD (Million)
  - 11.6.1.6. Rest of Asia Pacific
    - 11.6.1.6.1. Boswellia Market: By Product, 2022-2032, USD (Million)
    - 11.6.1.6.2. Boswellia Market: By Source, 2022-2032, USD (Million)
    - 11.6.1.6.3. Boswellia Market: By Application, 2022-2032, USD (Million)
    - 11.6.1.6.4. Boswellia Market: By End-Use, 2022-2032, USD (Million)

12. Latin America Boswellia Market, 2022-2032, USD (Million)

12.1. Market Overview
12.2. Boswellia Market: By Product, 2022-2032, USD (Million)
12.3. Boswellia Market: By Source, 2022-2032, USD (Million)
12.4. Boswellia Market: By Application, 2022-2032, USD (Million)
12.5. Boswellia Market: By End-Use, 2022-2032, USD (Million)
12.6.Boswellia Market: By Region, 2022-2032, USD (Million)
- 12.6.1.Latin America
  - 12.6.1.1. Brazil
    - 12.6.1.1.1. Boswellia Market: By Product, 2022-2032, USD (Million)
    - 12.6.1.1.2. Boswellia Market: By Source, 2022-2032, USD (Million)
    - 12.6.1.1.3. Boswellia Market: By Application, 2022-2032, USD (Million)
    - 12.6.1.1.4. Boswellia Market: By End-Use, 2022-2032, USD (Million)
  - 12.6.1.2. Mexico
    - 12.6.1.2.1. Boswellia Market: By Product, 2022-2032, USD (Million)
    - 12.6.1.2.2. Boswellia Market: By Source, 2022-2032, USD (Million)
    - 12.6.1.2.3. Boswellia Market: By Application, 2022-2032, USD (Million)
    - 12.6.1.2.4. Boswellia Market: By End-Use, 2022-2032, USD (Million)
  - 12.6.1.3. Rest of Latin America
    - 12.6.1.3.1. Boswellia Market: By Product, 2022-2032, USD (Million)
    - 12.6.1.3.2. Boswellia Market: By Source, 2022-2032, USD (Million)
    - 12.6.1.3.3. Boswellia Market: By Application, 2022-2032, USD (Million)
    - 12.6.1.3.4. Boswellia Market: By End-Use, 2022-2032, USD (Million)

13. Middle East and Africa Boswellia Market, 2022-2032, USD (Million)

13.1. Market Overview
13.2. Boswellia Market: By Product, 2022-2032, USD (Million)
13.3. Boswellia Market: By Source, 2022-2032, USD (Million)
13.4. Boswellia Market: By Application, 2022-2032, USD (Million)
13.5. Boswellia Market: By End-Use, 2022-2032, USD (Million)
13.6.Boswellia Market: By Region, 2022-2032, USD (Million)
- 13.6.1.Middle East and Africa
  - 13.6.1.1. GCC
    - 13.6.1.1.1. Boswellia Market: By Product, 2022-2032, USD (Million)
    - 13.6.1.1.2. Boswellia Market: By Source, 2022-2032, USD (Million)
    - 13.6.1.1.3. Boswellia Market: By Application, 2022-2032, USD (Million)
    - 13.6.1.1.4. Boswellia Market: By End-Use, 2022-2032, USD (Million)
  - 13.6.1.2. Africa
    - 13.6.1.2.1. Boswellia Market: By Product, 2022-2032, USD (Million)
    - 13.6.1.2.2. Boswellia Market: By Source, 2022-2032, USD (Million)
    - 13.6.1.2.3. Boswellia Market: By Application, 2022-2032, USD (Million)
    - 13.6.1.2.4. Boswellia Market: By End-Use, 2022-2032, USD (Million)
  - 13.6.1.3. Rest of Middle East and Africa
    - 13.6.1.3.1. Boswellia Market: By Product, 2022-2032, USD (Million)
    - 13.6.1.3.2. Boswellia Market: By Source, 2022-2032, USD (Million)
    - 13.6.1.3.3. Boswellia Market: By Application, 2022-2032, USD (Million)
    - 13.6.1.3.4. Boswellia Market: By End-Use, 2022-2032, USD (Million)

14. Company Profile

14.1. Sabinsa Corporation
- 14.1.1. Company Overview
- 14.1.2. Financial Performance
- 14.1.3. Product Portfolio
- 14.1.4. Strategic Initiatives
14.2. Arjuna Natural Ltd.
- 14.2.1. Company Overview
- 14.2.2. Financial Performance
- 14.2.3. Product Portfolio
- 14.2.4. Strategic Initiatives
14.3. PLT Health Solutions, Inc.
- 14.3.1. Company Overview
- 14.3.2. Financial Performance
- 14.3.3. Product Portfolio
- 14.3.4. Strategic Initiatives
14.4. Alchem International
- 14.4.1. Company Overview
- 14.4.2. Financial Performance
- 14.4.3. Product Portfolio
- 14.4.4. Strategic Initiatives
14.5. Gurjar Phytochem Pvt. Ltd.
- 14.5.1. Company Overview
- 14.5.2. Financial Performance
- 14.5.3. Product Portfolio
- 14.5.4. Strategic Initiatives
14.6. Nutra Green Biotechnology Co., Ltd.
- 14.6.1. Company Overview
- 14.6.2. Financial Performance
- 14.6.3. Product Portfolio
- 14.6.4. Strategic Initiatives
14.7. S.A. Herbal Bioactives LLP
- 14.7.1. Company Overview
- 14.7.2. Financial Performance
- 14.7.3. Product Portfolio
- 14.7.4. Strategic Initiatives
14.8. Alpspure Lifesciences Private Limited
- 14.8.1. Company Overview
- 14.8.2. Financial Performance
- 14.8.3. Product Portfolio
- 14.8.4. Strategic Initiatives
14.9. Venkatesh Naturals Extract Pvt. Ltd.
- 14.9.1. Company Overview
- 14.9.2. Financial Performance
- 14.9.3. Product Portfolio
- 14.9.4. Strategic Initiatives
14.10. Herbal Creations
- 14.10.1. Company Overview
- 14.10.2. Financial Performance
- 14.10.3. Product Portfolio
- 14.10.4. Strategic Initiatives
14.11. Other Notable Players
- 14.11.1. Company Overview
- 14.11.2. Financial Performance
- 14.11.3. Product Portfolio
- 14.11.4. Strategic Initiatives

Product Code: 629-07-24

List of Tables

TABLE 1 Global Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 2 Global Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 3 Global Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 4 Global Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 5 North America Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 6 North America Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 7 North America Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 8 North America Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 9 U.S. Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 10 U.S. Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 11 U.S. Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 12 U.S. Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 13 Canada Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 14 Canada Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 15 Canada Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 16 Canada Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 17 Rest of North America Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 18 Rest of North America Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 19 Rest of North America Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 20 Rest of North America Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 21 UK and European Union Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 22 UK and European Union Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 23 UK and European Union Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 24 UK and European Union Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 25 UK Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 26 UK Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 27 UK Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 28 UK Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 29 Germany Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 30 Germany Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 31 Germany Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 32 Germany Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 33 Spain Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 34 Spain Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 35 Spain Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 36 Spain Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 37 Italy Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 38 Italy Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 39 Italy Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 40 Italy Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 41 France Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 42 France Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 43 France Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 44 France Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 45 Rest of Europe Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 46 Rest of Europe Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 47 Rest of Europe Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 48 Rest of Europe Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 49 Asia Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 50 Asia Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 51 Asia Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 52 Asia Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 53 China Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 54 China Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 55 China Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 56 China Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 57 Japan Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 58 Japan Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 59 Japan Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 60 Japan Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 61 India Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 62 India Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 63 India Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 64 India Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 65 Australia Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 66 Australia Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 67 Australia Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 68 Australia Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 69 South Korea Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 70 South Korea Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 71 South Korea Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 72 South Korea Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 73 Latin America Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 74 Latin America Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 75 Latin America Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 76 Latin America Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 77 Brazil Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 78 Brazil Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 79 Brazil Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 80 Brazil Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 81 Mexico Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 82 Mexico Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 83 Mexico Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 84 Mexico Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 85 Rest of Latin America Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 86 Rest of Latin America Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 87 Rest of Latin America Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 88 Rest of Latin America Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 89 Middle East and Africa Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 90 Middle East and Africa Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 91 Middle East and Africa Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 92 Middle East and Africa Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 93 GCC Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 94 GCC Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 95 GCC Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 96 GCC Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 97 Africa Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 98 Africa Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 99 Africa Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 100 Africa Boswellia Market By End-Use, 2022-2032, USD (Million)
TABLE 101 Rest of Middle East and Africa Boswellia Market By Product, 2022-2032, USD (Million)
TABLE 102 Rest of Middle East and Africa Boswellia Market By Source, 2022-2032, USD (Million)
TABLE 103 Rest of Middle East and Africa Boswellia Market By Application, 2022-2032, USD (Million)
TABLE 104 Rest of Middle East and Africa Boswellia Market By End-Use, 2022-2032, USD (Million)

List of Figures

FIG. 1 Global Boswellia Market: Market Coverage
FIG. 2 Research Methodology and Data Sources
FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
FIG. 4 Global Boswellia Market: Quality Assurance
FIG. 5 Global Boswellia Market, By Product, 2023
FIG. 6 Global Boswellia Market, By Source, 2023
FIG. 7 Global Boswellia Market, By Application, 2023
FIG. 8 Global Boswellia Market, By End-Use, 2023
FIG. 9 Global Boswellia Market, By Geography, 2023
FIG. 10 Market Geographical Opportunity Matrix - Global Boswellia Market, 2023

FIG. 11Market Positioning of Key Boswellia Market Players, 2023

FIG. 12Global Boswellia Market - Tier Analysis - Percentage of Revenues by Tier Level, 2023 Versus 2032

FIG. 13 Global Boswellia Market, By Product, 2023 Vs 2032, %
FIG. 14 Global Boswellia Market, By Source, 2023 Vs 2032, %
FIG. 15 Global Boswellia Market, By Application, 2023 Vs 2032, %
FIG. 16 Global Boswellia Market, By End-Use, 2023 Vs 2032, %
FIG. 17 U.S. Boswellia Market (US$ Million), 2022 - 2032
FIG. 18 Canada Boswellia Market (US$ Million), 2022 - 2032
FIG. 19 Rest of North America Boswellia Market (US$ Million), 2022 - 2032
FIG. 20 UK Boswellia Market (US$ Million), 2022 - 2032
FIG. 21 Germany Boswellia Market (US$ Million), 2022 - 2032
FIG. 22 Spain Boswellia Market (US$ Million), 2022 - 2032
FIG. 23 Italy Boswellia Market (US$ Million), 2022 - 2032
FIG. 24 France Boswellia Market (US$ Million), 2022 - 2032
FIG. 25 Rest of Europe Boswellia Market (US$ Million), 2022 - 2032
FIG. 26 China Boswellia Market (US$ Million), 2022 - 2032
FIG. 27 Japan Boswellia Market (US$ Million), 2022 - 2032
FIG. 28 India Boswellia Market (US$ Million), 2022 - 2032
FIG. 29 Australia Boswellia Market (US$ Million), 2022 - 2032
FIG. 30 South Korea Boswellia Market (US$ Million), 2022 - 2032
FIG. 31 Rest of Asia Boswellia Market (US$ Million), 2022 - 2032
FIG. 32 Brazil Boswellia Market (US$ Million), 2022 - 2032
FIG. 33 Mexico Boswellia Market (US$ Million), 2022 - 2032
FIG. 34 Rest of Latin America Boswellia Market (US$ Million), 2022 - 2032
FIG. 35 GCC Boswellia Market (US$ Million), 2022 - 2032
FIG. 36 Africa Boswellia Market (US$ Million), 2022 - 2032
FIG. 37 Rest of Middle East and Africa Boswellia Market (US$ Million), 2022 - 2032