The global market for Frankincense Extract was estimated to be worth US$ 260 million in 2023 and is forecast to a readjusted size of US$ 420.3 million by 2030 with a CAGR of 7.1% during the forecast period 2024-2030
The driving factors for frankincense extract can include:
1. Traditional and Cultural Use: Frankincense extract has a long history of traditional and cultural use in various parts of the world, particularly in religious ceremonies, aromatherapy, and traditional medicine. This long-standing cultural significance drives the demand for frankincense extract in these contexts.
2. Aromatherapy and Wellness: Frankincense extract is valued for its aromatic properties, which are believed to have therapeutic effects on mental and physical well-being. It is commonly used in aromatherapy practices to promote relaxation, reduce stress, and improve mood. The increasing interest in holistic health and wellness contributes to the demand for frankincense extract in aromatherapy and related applications.
3. Cosmetic and Skincare Industry: Frankincense extract is known for its potential cosmetic and skincare benefits. It is believed to have anti-aging, anti-inflammatory, and moisturizing properties, making it a sought-after ingredient in skincare products. The demand for natural and plant-based skincare ingredients has driven the use of frankincense extract in the cosmetic industry.
4. Traditional Medicine and Herbal Remedies: In traditional medicine systems, frankincense extract is used for various health conditions, including respiratory disorders, digestive issues, and inflammation. The adoption and interest in traditional medicine practices, as well as the demand for natural and herbal remedies, contribute to the utilization of frankincense extract in these contexts.
5. Research and Scientific Interest: Scientific studies have started exploring the potential health benefits and therapeutic properties of frankincense extract. Research on its anti-inflammatory, anti-cancer, and antimicrobial properties, among others, drives the scientific interest and potential future applications of frankincense extract in medical and healthcare fields.
6. Sustainable Sourcing and Ethical Practices: The demand for sustainably sourced and ethically produced natural ingredients has grown in recent years. This includes resins such as frankincense. The promotion of sustainable harvesting practices, fair trade agreements, and responsible sourcing contributes to the market demand for ethically sourced frankincense extract.
7. Consumer Awareness and Preference for Natural Products: In line with the growing consumer preference for natural and plant-based products, there is an increasing demand for frankincense extract as a natural ingredient. Consumers are seeking alternatives to synthetic ingredients and chemical-based products, and frankincense extract aligns with their preference for natural options.
8. Cultural and Religious Tourism: In locations where frankincense has historical and cultural significance, such as certain regions in the Middle East, there is a demand for frankincense extract as a souvenir or for cultural and religious tourism purposes. This contributes to the demand for frankincense extract in these regions.
These driving factors contribute to the utilization and demand for frankincense extract in various industries, including aromatherapy, skincare, traditional medicine, scientific research, and cultural contexts. Its historical and cultural significance, potential health benefits, aromatic properties, and alignment with consumer preferences for natural ingredients all contribute to the growing market demand for frankincense extract.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Frankincense Extract, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Frankincense Extract by region & country, by Type, and by Application.
The Frankincense Extract market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Frankincense Extract.
Market Segmentation
By Company
AMeO
De Monchy Aromatics
DoTERRA
AOS Products Private Limited
Nature's Sunshine Products
TriVita
Edens Garden
Radha Beauty
Majestic Pure
Prime Natural
Mountain Rose Herbs
Fabulous Frannie
Segment by Type:
Pharmaceutical Grade
Cosmetic Grade
Other
Segment by Application
Medicine
Skin care
Oral Care
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Frankincense Extract manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Frankincense Extract in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Frankincense Extract in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
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1 Market Overview
1.1 Frankincense Extract Product Introduction
1.2 Global Frankincense Extract Market Size Forecast
1.2.1 Global Frankincense Extract Sales Value (2019-2030)
1.2.2 Global Frankincense Extract Sales Volume (2019-2030)
1.2.3 Global Frankincense Extract Sales Price (2019-2030)
1.3 Frankincense Extract Market Trends & Drivers
1.3.1 Frankincense Extract Industry Trends
1.3.2 Frankincense Extract Market Drivers & Opportunity
1.3.3 Frankincense Extract Market Challenges
1.3.4 Frankincense Extract Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Frankincense Extract Players Revenue Ranking (2023)
2.2 Global Frankincense Extract Revenue by Company (2019-2024)
2.3 Global Frankincense Extract Players Sales Volume Ranking (2023)
2.4 Global Frankincense Extract Sales Volume by Company Players (2019-2024)
2.5 Global Frankincense Extract Average Price by Company (2019-2024)
2.6 Key Manufacturers Frankincense Extract Manufacturing Base Distribution and Headquarters
2.7 Key Manufacturers Frankincense Extract Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Frankincense Extract
2.9 Frankincense Extract Market Competitive Analysis
2.9.1 Frankincense Extract Market Concentration Rate (2019-2024)
2.9.2 Global 5 and 10 Largest Manufacturers by Frankincense Extract Revenue in 2023
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Frankincense Extract as of 2023)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Pharmaceutical Grade
3.1.2 Cosmetic Grade
3.1.3 Other
3.2 Global Frankincense Extract Sales Value by Type
3.2.1 Global Frankincense Extract Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Frankincense Extract Sales Value, by Type (2019-2030)
3.2.3 Global Frankincense Extract Sales Value, by Type (%) (2019-2030)
3.3 Global Frankincense Extract Sales Volume by Type
3.3.1 Global Frankincense Extract Sales Volume by Type (2019 VS 2023 VS 2030)
3.3.2 Global Frankincense Extract Sales Volume, by Type (2019-2030)
3.3.3 Global Frankincense Extract Sales Volume, by Type (%) (2019-2030)
3.4 Global Frankincense Extract Average Price by Type (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Medicine
4.1.2 Skin care
4.1.3 Oral Care
4.2 Global Frankincense Extract Sales Value by Application
4.2.1 Global Frankincense Extract Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Frankincense Extract Sales Value, by Application (2019-2030)
4.2.3 Global Frankincense Extract Sales Value, by Application (%) (2019-2030)
4.3 Global Frankincense Extract Sales Volume by Application
4.3.1 Global Frankincense Extract Sales Volume by Application (2019 VS 2023 VS 2030)
4.3.2 Global Frankincense Extract Sales Volume, by Application (2019-2030)
4.3.3 Global Frankincense Extract Sales Volume, by Application (%) (2019-2030)
4.4 Global Frankincense Extract Average Price by Application (2019-2030)
5 Segmentation by Region
5.1 Global Frankincense Extract Sales Value by Region
5.1.1 Global Frankincense Extract Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Frankincense Extract Sales Value by Region (2019-2024)
5.1.3 Global Frankincense Extract Sales Value by Region (2025-2030)
5.1.4 Global Frankincense Extract Sales Value by Region (%), (2019-2030)
5.2 Global Frankincense Extract Sales Volume by Region
5.2.1 Global Frankincense Extract Sales Volume by Region: 2019 VS 2023 VS 2030
5.2.2 Global Frankincense Extract Sales Volume by Region (2019-2024)
5.2.3 Global Frankincense Extract Sales Volume by Region (2025-2030)
5.2.4 Global Frankincense Extract Sales Volume by Region (%), (2019-2030)
5.3 Global Frankincense Extract Average Price by Region (2019-2030)
5.4 North America
5.4.1 North America Frankincense Extract Sales Value, 2019-2030
5.4.2 North America Frankincense Extract Sales Value by Country (%), 2023 VS 2030
5.5 Europe
5.5.1 Europe Frankincense Extract Sales Value, 2019-2030
5.5.2 Europe Frankincense Extract Sales Value by Country (%), 2023 VS 2030
5.6 Asia Pacific
5.6.1 Asia Pacific Frankincense Extract Sales Value, 2019-2030
5.6.2 Asia Pacific Frankincense Extract Sales Value by Country (%), 2023 VS 2030
5.7 South America
5.7.1 South America Frankincense Extract Sales Value, 2019-2030
5.7.2 South America Frankincense Extract Sales Value by Country (%), 2023 VS 2030
5.8 Middle East & Africa
5.8.1 Middle East & Africa Frankincense Extract Sales Value, 2019-2030
5.8.2 Middle East & Africa Frankincense Extract Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Frankincense Extract Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Frankincense Extract Sales Value
6.2.1 Key Countries/Regions Frankincense Extract Sales Value, 2019-2030
6.2.2 Key Countries/Regions Frankincense Extract Sales Volume, 2019-2030
6.3 United States
6.3.1 United States Frankincense Extract Sales Value, 2019-2030
6.3.2 United States Frankincense Extract Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Frankincense Extract Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Frankincense Extract Sales Value, 2019-2030
6.4.2 Europe Frankincense Extract Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Frankincense Extract Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Frankincense Extract Sales Value, 2019-2030
6.5.2 China Frankincense Extract Sales Value by Type (%), 2023 VS 2030
6.5.3 China Frankincense Extract Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Frankincense Extract Sales Value, 2019-2030
6.6.2 Japan Frankincense Extract Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Frankincense Extract Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Frankincense Extract Sales Value, 2019-2030
6.7.2 South Korea Frankincense Extract Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Frankincense Extract Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Frankincense Extract Sales Value, 2019-2030
6.8.2 Southeast Asia Frankincense Extract Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Frankincense Extract Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Frankincense Extract Sales Value, 2019-2030
6.9.2 India Frankincense Extract Sales Value by Type (%), 2023 VS 2030
6.9.3 India Frankincense Extract Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 AMeO
7.1.1 AMeO Company Information
7.1.2 AMeO Introduction and Business Overview
7.1.3 AMeO Frankincense Extract Sales, Revenue and Gross Margin (2019-2024)
7.1.4 AMeO Frankincense Extract Product Offerings
7.1.5 AMeO Recent Development
7.2 De Monchy Aromatics
7.2.1 De Monchy Aromatics Company Information
7.2.2 De Monchy Aromatics Introduction and Business Overview
7.2.3 De Monchy Aromatics Frankincense Extract Sales, Revenue and Gross Margin (2019-2024)
7.2.4 De Monchy Aromatics Frankincense Extract Product Offerings
7.2.5 De Monchy Aromatics Recent Development
7.3 DoTERRA
7.3.1 DoTERRA Company Information
7.3.2 DoTERRA Introduction and Business Overview
7.3.3 DoTERRA Frankincense Extract Sales, Revenue and Gross Margin (2019-2024)
7.3.4 DoTERRA Frankincense Extract Product Offerings
7.3.5 DoTERRA Recent Development
7.4 AOS Products Private Limited
7.4.1 AOS Products Private Limited Company Information
7.4.2 AOS Products Private Limited Introduction and Business Overview
7.4.3 AOS Products Private Limited Frankincense Extract Sales, Revenue and Gross Margin (2019-2024)
7.4.4 AOS Products Private Limited Frankincense Extract Product Offerings
7.4.5 AOS Products Private Limited Recent Development
7.5 Nature's Sunshine Products
7.5.1 Nature's Sunshine Products Company Information
7.5.2 Nature's Sunshine Products Introduction and Business Overview
7.5.3 Nature's Sunshine Products Frankincense Extract Sales, Revenue and Gross Margin (2019-2024)
7.5.4 Nature's Sunshine Products Frankincense Extract Product Offerings
7.5.5 Nature's Sunshine Products Recent Development
7.6 TriVita
7.6.1 TriVita Company Information
7.6.2 TriVita Introduction and Business Overview
7.6.3 TriVita Frankincense Extract Sales, Revenue and Gross Margin (2019-2024)
7.6.4 TriVita Frankincense Extract Product Offerings
7.6.5 TriVita Recent Development
7.7 Edens Garden
7.7.1 Edens Garden Company Information
7.7.2 Edens Garden Introduction and Business Overview
7.7.3 Edens Garden Frankincense Extract Sales, Revenue and Gross Margin (2019-2024)
7.7.4 Edens Garden Frankincense Extract Product Offerings
7.7.5 Edens Garden Recent Development
7.8 Radha Beauty
7.8.1 Radha Beauty Company Information
7.8.2 Radha Beauty Introduction and Business Overview
7.8.3 Radha Beauty Frankincense Extract Sales, Revenue and Gross Margin (2019-2024)
7.8.4 Radha Beauty Frankincense Extract Product Offerings
7.8.5 Radha Beauty Recent Development
7.9 Majestic Pure
7.9.1 Majestic Pure Company Information
7.9.2 Majestic Pure Introduction and Business Overview
7.9.3 Majestic Pure Frankincense Extract Sales, Revenue and Gross Margin (2019-2024)
7.9.4 Majestic Pure Frankincense Extract Product Offerings
7.9.5 Majestic Pure Recent Development
7.10 Prime Natural
7.10.1 Prime Natural Company Information
7.10.2 Prime Natural Introduction and Business Overview
7.10.3 Prime Natural Frankincense Extract Sales, Revenue and Gross Margin (2019-2024)
7.10.4 Prime Natural Frankincense Extract Product Offerings
7.10.5 Prime Natural Recent Development
7.11 Mountain Rose Herbs
7.11.1 Mountain Rose Herbs Company Information
7.11.2 Mountain Rose Herbs Introduction and Business Overview
7.11.3 Mountain Rose Herbs Frankincense Extract Sales, Revenue and Gross Margin (2019-2024)
7.11.4 Mountain Rose Herbs Frankincense Extract Product Offerings
7.11.5 Mountain Rose Herbs Recent Development
7.12 Fabulous Frannie
7.12.1 Fabulous Frannie Company Information
7.12.2 Fabulous Frannie Introduction and Business Overview
7.12.3 Fabulous Frannie Frankincense Extract Sales, Revenue and Gross Margin (2019-2024)
7.12.4 Fabulous Frannie Frankincense Extract Product Offerings
7.12.5 Fabulous Frannie Recent Development
8 Industry Chain Analysis
8.1 Frankincense Extract Industrial Chain
8.2 Frankincense Extract Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Frankincense Extract Sales Model
8.5.2 Sales Channel
8.5.3 Frankincense Extract Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
AMeO
De Monchy Aromatics
DoTERRA
AOS Products Private Limited
Nature's Sunshine Products
TriVita
Edens Garden
Radha Beauty
Majestic Pure
Prime Natural
Mountain Rose Herbs
Fabulous Frannie
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*If Applicable.