Boswellia Extracts Market Estimated At USD 1.13 billion by 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.

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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.
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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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