Global Frankincense Essential Oil Market by Grade Type (95%), By Application (Research uses, Drug Formula, Dietic Foods, Cosmetics), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019-2028
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Market.us announces publication of its most recently generated research report titled, “Global Frankincense Essential Oil Market by Grade Type (<85%, 85%-90%, 90%-95%, >95%), By Application (Research uses, Drug Formula, Dietic Foods, Cosmetics, Other) and by Region – Global Forecast to 2028.”, Which offers a holistic view of the global frankincense essential oil market through systematic segmentation that covers every aspect of the target market.
The global frankincense essential oil market is projected to be US$ 193.4 Mn in 2018 to reach US$ 406.1 Mn by 2028 at a CAGR of 7.7%.
Frankincense is produced from hardy Boswellia trees, by slashing the barks and allowing the resin to harden. The traditional medicine is believed to have several properties including anti-inflammatory, expectorant, antiseptic, and even anxiolytic and anti-neurotic effect. It is primarily found in India and Pakistan and very few parts of Yemen and Oman. The word Frankincense arises from the French word “franc-encens” – meaning – quality incense. It is used for its various applications like medicinal, spiritual and cosmetics. Frankincense essential oil is used for fragrance applications, as well as for perfumery applications. It is obtained by a steam distillation process where the tree resin is used. Frankincense oil smells fresher as well as sweeter, which also finds applications in air fresheners. It is also used in pharmaceuticals industries in large scale. However, it is harmful to when consumed without proper dilution.
trending_up Total Revenue in 2018$ 193.4 Mn
trending_up Market CAGR of the Next Ten Years7.7%
no_encryption Market Value (US$ Mn), Share (%) and Growth Rate (%) Comparison 2012-2028Purchase this report or a membership to unlock the market value (US$ Mn), share (%) and growth rate (%) comparison for this industry.- By Type
- By Region
- By Application
no_encryption Leading Companies Financial HighlightsPurchase this report or a membership to unlock the leading companies financial highlights for this industry.trending_up Market Revenue of the Next Ten Years$ 406.1 Mn
Frankincense comes in several grades, and its quality is based on colour, purity, aroma, and age. Silver and Hojari are the uppermost grades of frankincense. Frankincense resin is eatable and frequently used in many traditional medicines in Asia for healthy skin and digestion. For internal consumption, edible frankincense must be pure, and it should be translucent without any black or brown impurities. It is light yellow with a (very) slight greenish tint. It is often chewed like gum, but it is stickier because it is a resin. Indian frankincense (Boswellia serrata), commonly referred to as "dhoop" in ayurvedic medicine, is used to treat arthritis, heal wounds, strengthen the female hormone system, and to purify the atmosphere from unwanted germs. Frankincense oil fumes repel the mosquitos to help the people and animals from mosquito-borne illnesses, such as malaria, Dengue Fever, and West Nile Virus can be
Global Frankincense Essential Oil Market Revenue (US$ Mn), 2018–2028Â
Increasing geriatric population with joint and high blood pressure ailments is estimated to propel the growth of the global market, owing to medicinal properties of frankincense for treating these ailments.
Frankincense helps treat itching, insomnia, and a few respiratory ailments. Rapidly increasing prevalence of skin, sleep, and respiratory disorders amongst the population are also expected to fuel the growth of the target market.
However, the side effects of frankincense oil such as irritation, allergies, abdominal pain when consumed undiluted are factors likely to restrain the growth of the target market. Nonetheless, emerging applications of frankincense oil for treatment of pancreatic cancer such as its capability of suppressing viability and inducing apoptosis of a panel of human pancreatic cancer cell lines is expected to boost the demand for frankincense oil.
Global frankincense essential oil market is segmented on the basis of grade type, application and region. On the basis of grade type, the market is segmented into <85%, 85%-90%, 90%-95%, >95%. The >95% accounts for the majority share in the global frankincense essential oil market. Also, >95% is expected to register the highest growth rate over the forecast period. On the basis of application, the market is segmented into research uses, Drug formula, Dietic foods, Cosmetics and Other. Cosmetics account for a majority share in the global frankincense essential oil market.
Global Frankincense Essential Oil Market by Formulation, 2018
On the basis of region, the market is segmented into North America, China, Europe, Japan, Southeast Asia and Rest of the World. North America accounts for the majority share in the global frankincense essential oil market, followed by Europe. Southeast Asia is expected to register the highest growth rate over the forecast period followed by China due to increasing demand for fragrances and perfumes.
The research report on the global frankincense essential oil market includes profiles of some of the major companies such as Ambe Phytoextracts Private Limited, Aromaaz International, Katyani Exports, Lala Jagdish Prasad & Company, Kanta Enterprises Private Limited, BO International, Shaanxi Orient Industrial Co., Ltd and doTERRA International.
Key Market Segments:
Type
- <85%
- 85%-90%
- 90%-95%
- >95%
Application
- Research uses
- Drug Formula
- Dietic Foods, Cosmetics
Key Market Players included in the report:
- Ambe Phytoextracts Private Limited
- Aromaaz International
- Katyani Exports
- Lala Jagdish Prasad & Company
- Kanta Enterprises Private Limited
- BO International
- Shaanxi Orient Industrial Co.Ltd and doTERRA International
For the Frankincense Essential Oil Market research study, the following years have been considered to estimate the market size:
Particular Scope Region - North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Historic Year 2015 to 2020 Estimated Year 2021 Forecast Year 2022 to 2031 - account_circleAbout Me
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- Chapter 1 Global Frankincense Essential Oil Market Overview
- 1.1 Introduction
- 1.2 Drivers for Frankincense Essential Oil Market
- 1.3 Restraints for Frankincense Essential Oil Market
- 1.4 Opportunities for Frankincense Essential Oil Market
- 1.5 Global Frankincense Essential Oil Market by Grade Type
- 1.5.1 Global Frankincense Essential Oil Revenue (US$ Mn) Comparison by Grade Type (2012-2028)
- 1.5.2 Global Frankincense Essential Oil Revenue (US$ Mn) Market Share by Grade Type in 2018
- 1.5.3 Global Frankincense Essential Oil Market Attractiveness Analysis by Grade Type, 2012–2018
- 1.6 Global Frankincense Essential Oil Market by Application
- 1.6.1 Global Frankincense Essential Oil Revenue (US$ Mn) Comparison by Application (2012-2028)
- 1.6.2 Global Frankincense Essential Oil Revenue (US$ Mn) Market Share by Application in 2018
- 1.6.3 Global Frankincense Essential Oil Market Attractiveness Analysis by Application, 2012–2018
- 1.7 Global Frankincense Essential Oil Market Outlook by Region
- 1.7.1 Global Frankincense Essential Oil Revenue (US$ Mn) Comparison by Region (2012-2028)
- 1.7.2 Global Frankincense Essential Oil Revenue (US$ Mn) Market Share by Region in 2018
- 1.7.3 Global Frankincense Essential Oil Market Attractiveness Analysis by Region, 2012–2018
- 1.8 Global Frankincense Essential Oil Market Outlook (2012-2028)
- 1.8.1 Global Frankincense Essential Oil Revenue (US$ Mn) (2012-2019)
- 1.8.2 Global Frankincense Essential Oil Revenue (US$ Mn) (2020-2028)
- Chapter 2 Frankincense Essential Oil Market Manufacturer Analysis
- 2.1 Competitive Dashboard
- 2.2 Market Competition Scenario Analysis
- 2.3 Company Profiles
- 2.3.1 Ambe Phytoextracts Private Limited
- 2.3.1.1 Company Overview
- 2.3.1.2 Business Description
- 2.3.1.3 Product Portfolio
- 2.3.2 Aromaaz International
- 2.3.2.1 Company Overview
- 2.3.2.2 Business Description
- 2.3.2.3 Product Portfolio
- 2.3.2.4 Key Developments
- 2.3.3 Katyani Exports
- 2.3.3.1 Company Overview
- 2.3.3.2 Business Description
- 2.3.3.3 Product Portfolio
- 2.3.4 Lala Jagdish Prasad & Company
- 2.3.4.1 Company Overview
- 2.3.4.2 Business Description
- 2.3.4.3 Product Portfolio
- 2.3.5 Kanta Enterprises Private Limited
- 2.3.5.1 Company Overview
- 2.3.5.2 Business Description
- 2.3.5.3 Product Portfolio
- 2.3.6 BO INTERNATIONAL
- 2.3.6.1 Company Overview
- 2.3.6.2 Business Description
- 2.3.6.3 Product Portfolio
- 2.3.6.4 Key Development
- 2.3.7 Shaanxi Orient Industrial Co., Ltd
- 2.3.7.1 Company Overview
- 2.3.7.2 Business Description
- 2.3.7.3 Product Portfolio
- 2.3.8 Xian Fengzu Biotechnology Co., Ltd.
- 2.3.8.1 Company Overview
- 2.3.8.2 Business Description
- 2.3.8.3 Product Portfolio
- 2.3.9 doTERRA International
- 2.3.9.1 Company Overview
- 2.3.9.2 Business Description
- 2.3.9.3 Product Portfolio
- 2.3.10 Rocky Mountain Oils
- 2.3.10.1 Company Overview
- 2.3.10.2 Business Description
- 2.3.10.3 Product Portfolio
- 2.3.10.4 Key Development
- 2.3.1 Ambe Phytoextracts Private Limited
- Chapter 3 Global Frankincense Essential Oil Market Insights
- 3.1 Opportunity Map Analysis
- 3.1.1 Optimistic Scenario
- 3.1.2 Likely Scenario
- 3.1.3 Conservative Scenario
- 3.2 PEST Analysis
- 3.3 PORTER'S Five Forces Analysis
- 3.4 Market Investment Feasibility Analysis
- 3.5 Marketing Channels for Frankincense Essential Oil
- 3.1 Opportunity Map Analysis
- Chapter 4 Manufacturing Analysis of Frankincense Essential Oil
- 4.1 Frankincense Essential Oil Distributors List
- 4.2 Industry Chain Analysis
- 4.3 Manufacturing Process
- 4.4 Supply Chain Analysis
- 4.5 Raw Materials
- 4.6 Raw Material Suppliers
- Chapter 5 Global Frankincense Essential Oil Revenue (US$ Mn) by Regions
- 5.1 Global Frankincense Essential Oil Revenue (US$ Mn) Comparison by Region (2012-2019)
- 5.2 Global Frankincense Essential Oil Revenue (US$ Mn) Comparison by Region (2020-2028)
- Chapter 6 Global Frankincense Essential Oil Revenue (US$ Mn) by Grade Type
- 6.1 Global Frankincense Essential Oil Revenue (US$ Mn) Comparison by Grade Type (2012-2019)
- 6.2 Global Frankincense Essential Oil Revenue (US$ Mn) Comparison by Grade Type (2020-2028)
- Chapter 7 Global Frankincense Essential Oil Revenue (US$ Mn) by Application
- 7.1 Global Frankincense Essential Oil Revenue (US$ Mn) Comparison by Application (2012-2019)
- 7.2 Global Frankincense Essential Oil Revenue (US$ Mn) Comparison by Application (2020-2028)
- Chapter 8 Global Frankincense Essential Oil Y-o-Y Growth Rate Comparison 2013–2028
- 8.1 Global Frankincense Essential Oil Y-o-Y Growth Rate by Region
- 8.2 Global Frankincense Essential Oil Market Y-o-Y Growth Rate by Grade Type
- 8.3 Global Frankincense Essential Oil Y-o-Y Growth Rate by Application
- Chapter 9 Global Frankincense Essential Oil Share Comparison 2013–2028
- 9.1 Global Frankincense Essential Oil Share by Region
- 9.2 Global Frankincense Essential Oil Market Share by Grade Type
- 9.3 Global Frankincense Essential Oil Share by Application
- Chapter 10 Methodology and Data Source
- 10.1 Methodology/Research Approach
- 10.1.1 Market Size Estimation
- 10.2 Market Breakdown and Data Triangulation
- 10.3 Data Source
- 10.3.1 Secondary Sources
- 10.3.2 Primary Sources
- 10.4 Disclaimer
- 10.1 Methodology/Research Approach
- List of Figures
- FIG. 1 Global Frankincense Essential Oil Revenue (US$ Mn) Market Share by Grade Type in 2018
- FIG. 2 Global Frankincense Essential Oil Market Attractiveness Analysis by Grade Type, 2012–2018
- FIG. 3 Global Frankincense Essential Oil Revenue (US$ Mn) Market Share by Application in 2018
- FIG. 4 Global Frankincense Essential Oil Market Attractiveness Analysis by Application, 2012–2018
- FIG. 5 Global Frankincense Essential Oil Revenue (US$ Mn) Market Share by Region in 2018
- FIG. 6 Global Frankincense Essential Oil Market Attractiveness Analysis by Region, 2012–2018
- FIG. 7 Global Frankincense Essential Oil Market Revenue (US$ Mn) (2012-2019)
- FIG. 8 Global Frankincense Essential Oil Market Revenue (US$ Mn) (2020-2028)
- FIG. 9 Global Frankincense Essential Oil Market Revenue (US$ Mn) Comparison by Region (2012-2019)
- FIG. 10 Global Frankincense Essential Oil Market Revenue (US$ Mn) Comparison by Region (2020-2028)
- FIG. 11 Global Frankincense Essential Oil Market Revenue (US$ Mn) Comparison by Grade Type (2012-2019)
- FIG. 12 Global Frankincense Essential Oil Market Revenue (US$ Mn) Comparison by Grade Type (2020-2028)
- FIG. 13 Global Frankincense Essential Oil Market Revenue (US$ Mn) Comparison by Application (2012-2019)
- FIG. 14 Global Frankincense Essential Oil Market Revenue (US$ Mn) Comparison by Application (2020-2028)
- FIG. 15 Global Frankincense Essential Oil Market Y-o-Y Growth Rate Comparison by Region (2013-2019)
- FIG. 16 Global Frankincense Essential Oil Market Y-o-Y Growth Rate Comparison by Region (2020-2028)
- FIG. 17 Global Frankincense Essential Oil Market Y-o-Y Growth Rate Comparison by Grade Type (2013-2019)
- FIG. 18 Global Frankincense Essential Oil Market Y-o-Y Growth Rate Comparison by Grade Type (2020-2028)
- FIG. 19 Global Frankincense Essential Oil Market Y-o-Y Growth Rate Comparison by Application (2013-2019)
- FIG. 20 Global Frankincense Essential Oil Market Y-o-Y Growth Rate Comparison by Application (2020-2028)
- FIG. 21 Global Frankincense Essential Oil Market Share Comparison by Region (2012-2019)
- FIG. 22 Global Frankincense Essential Oil Market Share Comparison by Region (2020-2028)
- FIG. 23 Global Frankincense Essential Oil Market Share Comparison by Grade Type (2012-2019)
- FIG. 24 Global Frankincense Essential Oil Market Share Comparison by Grade Type (2020-2028)
- FIG. 25 Global Frankincense Essential Oil Market Share Comparison by Application (2012-2019)
- FIG. 26 Global Frankincense Essential Oil Market Share Comparison by Application (2020-2028)
- List of Tables
- TABLE 1 Global Frankincense Essential Oil Market Comparison by Grade Type (2012-2028)
- TABLE 2 Global Frankincense Essential Oil Market Comparison by Application (2012-2028)
- TABLE 3 Global Frankincense Essential Oil Revenue (US$ Mn) Comparison by Region (2012-2028)
- TABLE 4 Global Frankincense Essential Oil Market Revenue (US$ Mn) (2012-2019)
- TABLE 5 Global Frankincense Essential Oil Market Revenue (US$ Mn) (2020-2028)
- TABLE 6 Global Frankincense Essential Oil Market Revenue (US$ Mn) Comparison by Region (2012-2019)
- TABLE 7 Global Frankincense Essential Oil Market Revenue (US$ Mn) Comparison by Region (2020-2028)
- TABLE 8 Global Frankincense Essential Oil Market Revenue (US$ Mn) Comparison by Grade Type (2012-2019)
- TABLE 9 Global Frankincense Essential Oil Market Revenue (US$ Mn) Comparison by Grade Type (2020-2028)
- TABLE 10 Global Frankincense Essential Oil Market Revenue (US$ Mn) Comparison by Application (2012-2019)
- TABLE 11 Global Frankincense Essential Oil Market Revenue (US$ Mn) Comparison by Application (2020-2028)
- TABLE 12 Global Frankincense Essential Oil Market Y-o-Y Growth Rate Comparison by Region (2013-2019)
- TABLE 13 Global Frankincense Essential Oil Market Y-o-Y Growth Rate Comparison by Region (2020-2028)
- TABLE 14 Global Frankincense Essential Oil Market Y-o-Y Growth Rate Comparison by Grade Type (2013-2019)
- TABLE 15 Global Frankincense Essential Oil Market Y-o-Y Growth Rate Comparison by Grade Type (2020-2028)
- TABLE 16 Global Frankincense Essential Oil Market Y-o-Y Growth Rate Comparison by Application (2013-2019)
- TABLE 17 Global Frankincense Essential Oil Market Y-o-Y Growth Rate Comparison by Application (2020-2028)
- TABLE 18 Global Frankincense Essential Oil Market Share Comparison by Region (2012-2019)
- TABLE 19 Global Frankincense Essential Oil Market Share Comparison by Region (2020-2028)
- TABLE 20 Global Frankincense Essential Oil Market Share Comparison by Grade Type (2012-2019)
- TABLE 21 Global Frankincense Essential Oil Market Share Comparison by Grade Type (2020-2028)
- TABLE 22 Global Frankincense Essential Oil Market Share Comparison by Application (2012-2019)
- TABLE 23 Global Frankincense Essential Oil Market Share Comparison by Application (2020-2028)
- TABLE 24 Table Key Data Information from Secondary Sources
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- $3,495.00
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- Ambe Phytoextracts Private Limited
- Aromaaz International
- Katyani Exports
- Lala Jagdish Prasad & Company
- Kanta Enterprises Private Limited
- BO International
- Shaanxi Orient Industrial Co.Ltd and doTERRA International
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