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Frankincense Extract-Global Market Insights and Sales Trends 2025

Frankincense Extract-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1810814

No of Pages : 103

Synopsis
The global Frankincense Extract market size is expected to reach US$ 420.3 million by 2029, growing at a CAGR of 7.1% from 2023 to 2029. The market is mainly driven by the significant applications of Frankincense Extract in various end use industries. The expanding demands from the Medicine, Skin care and Oral Care,, are propelling Frankincense Extract market. Pharmaceutical Grade, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Cosmetic Grade segment is estimated at % CAGR for the next seven-year period.
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 Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Frankincense Extract, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Frankincense Extract market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Frankincense Extract market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Frankincense Extract sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Frankincense Extract covered in this report include AMeO, De Monchy Aromatics, DoTERRA, AOS Products Private Limited, Nature's Sunshine Products, TriVita, Edens Garden, Radha Beauty and Majestic Pure, etc.
The global Frankincense Extract market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Frankincense Extract market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Frankincense Extract market, Segment by Type:
Pharmaceutical Grade
Cosmetic Grade
Other
Global Frankincense Extract market, by Application
Medicine
Skin care
Oral Care
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Frankincense Extract manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: 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 future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Frankincense Extract Market Overview
1.1 Frankincense Extract Product Overview
1.2 Frankincense Extract Market Segment by Type
1.2.1 Pharmaceutical Grade
1.2.2 Cosmetic Grade
1.2.3 Other
1.3 Global Frankincense Extract Market Size by Type
1.3.1 Global Frankincense Extract Market Size Overview by Type (2018-2029)
1.3.2 Global Frankincense Extract Historic Market Size Review by Type (2018-2023)
1.3.3 Global Frankincense Extract Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Frankincense Extract Sales Breakdown by Type (2018-2023)
1.4.2 Europe Frankincense Extract Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Frankincense Extract Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Frankincense Extract Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Frankincense Extract Sales Breakdown by Type (2018-2023)
2 Global Frankincense Extract Market Competition by Company
2.1 Global Top Players by Frankincense Extract Sales (2018-2023)
2.2 Global Top Players by Frankincense Extract Revenue (2018-2023)
2.3 Global Top Players by Frankincense Extract Price (2018-2023)
2.4 Global Top Manufacturers Frankincense Extract Manufacturing Base Distribution, Sales Area, Product Type
2.5 Frankincense Extract Market Competitive Situation and Trends
2.5.1 Frankincense Extract Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Frankincense Extract Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Frankincense Extract as of 2022)
2.7 Date of Key Manufacturers Enter into Frankincense Extract Market
2.8 Key Manufacturers Frankincense Extract Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Frankincense Extract Status and Outlook by Region
3.1 Global Frankincense Extract Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Frankincense Extract Historic Market Size by Region
3.2.1 Global Frankincense Extract Sales in Volume by Region (2018-2023)
3.2.2 Global Frankincense Extract Sales in Value by Region (2018-2023)
3.2.3 Global Frankincense Extract Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Frankincense Extract Forecasted Market Size by Region
3.3.1 Global Frankincense Extract Sales in Volume by Region (2024-2029)
3.3.2 Global Frankincense Extract Sales in Value by Region (2024-2029)
3.3.3 Global Frankincense Extract Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Frankincense Extract by Application
4.1 Frankincense Extract Market Segment by Application
4.1.1 Medicine
4.1.2 Skin care
4.1.3 Oral Care
4.2 Global Frankincense Extract Market Size by Application
4.2.1 Global Frankincense Extract Market Size Overview by Application (2018-2029)
4.2.2 Global Frankincense Extract Historic Market Size Review by Application (2018-2023)
4.2.3 Global Frankincense Extract Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Frankincense Extract Sales Breakdown by Application (2018-2023)
4.3.2 Europe Frankincense Extract Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Frankincense Extract Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Frankincense Extract Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Frankincense Extract Sales Breakdown by Application (2018-2023)
5 North America Frankincense Extract by Country
5.1 North America Frankincense Extract Historic Market Size by Country
5.1.1 North America Frankincense Extract Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Frankincense Extract Sales in Volume by Country (2018-2023)
5.1.3 North America Frankincense Extract Sales in Value by Country (2018-2023)
5.2 North America Frankincense Extract Forecasted Market Size by Country
5.2.1 North America Frankincense Extract Sales in Volume by Country (2024-2029)
5.2.2 North America Frankincense Extract Sales in Value by Country (2024-2029)
6 Europe Frankincense Extract by Country
6.1 Europe Frankincense Extract Historic Market Size by Country
6.1.1 Europe Frankincense Extract Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Frankincense Extract Sales in Volume by Country (2018-2023)
6.1.3 Europe Frankincense Extract Sales in Value by Country (2018-2023)
6.2 Europe Frankincense Extract Forecasted Market Size by Country
6.2.1 Europe Frankincense Extract Sales in Volume by Country (2024-2029)
6.2.2 Europe Frankincense Extract Sales in Value by Country (2024-2029)
7 Asia-Pacific Frankincense Extract by Region
7.1 Asia-Pacific Frankincense Extract Historic Market Size by Region
7.1.1 Asia-Pacific Frankincense Extract Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Frankincense Extract Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Frankincense Extract Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Frankincense Extract Forecasted Market Size by Region
7.2.1 Asia-Pacific Frankincense Extract Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Frankincense Extract Sales in Value by Region (2024-2029)
8 Latin America Frankincense Extract by Country
8.1 Latin America Frankincense Extract Historic Market Size by Country
8.1.1 Latin America Frankincense Extract Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Frankincense Extract Sales in Volume by Country (2018-2023)
8.1.3 Latin America Frankincense Extract Sales in Value by Country (2018-2023)
8.2 Latin America Frankincense Extract Forecasted Market Size by Country
8.2.1 Latin America Frankincense Extract Sales in Volume by Country (2024-2029)
8.2.2 Latin America Frankincense Extract Sales in Value by Country (2024-2029)
9 Middle East and Africa Frankincense Extract by Country
9.1 Middle East and Africa Frankincense Extract Historic Market Size by Country
9.1.1 Middle East and Africa Frankincense Extract Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Frankincense Extract Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Frankincense Extract Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Frankincense Extract Forecasted Market Size by Country
9.2.1 Middle East and Africa Frankincense Extract Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Frankincense Extract Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 AMeO
10.1.1 AMeO Company Information
10.1.2 AMeO Introduction and Business Overview
10.1.3 AMeO Frankincense Extract Sales, Revenue and Gross Margin (2018-2023)
10.1.4 AMeO Frankincense Extract Products Offered
10.1.5 AMeO Recent Development
10.2 De Monchy Aromatics
10.2.1 De Monchy Aromatics Company Information
10.2.2 De Monchy Aromatics Introduction and Business Overview
10.2.3 De Monchy Aromatics Frankincense Extract Sales, Revenue and Gross Margin (2018-2023)
10.2.4 De Monchy Aromatics Frankincense Extract Products Offered
10.2.5 De Monchy Aromatics Recent Development
10.3 DoTERRA
10.3.1 DoTERRA Company Information
10.3.2 DoTERRA Introduction and Business Overview
10.3.3 DoTERRA Frankincense Extract Sales, Revenue and Gross Margin (2018-2023)
10.3.4 DoTERRA Frankincense Extract Products Offered
10.3.5 DoTERRA Recent Development
10.4 AOS Products Private Limited
10.4.1 AOS Products Private Limited Company Information
10.4.2 AOS Products Private Limited Introduction and Business Overview
10.4.3 AOS Products Private Limited Frankincense Extract Sales, Revenue and Gross Margin (2018-2023)
10.4.4 AOS Products Private Limited Frankincense Extract Products Offered
10.4.5 AOS Products Private Limited Recent Development
10.5 Nature's Sunshine Products
10.5.1 Nature's Sunshine Products Company Information
10.5.2 Nature's Sunshine Products Introduction and Business Overview
10.5.3 Nature's Sunshine Products Frankincense Extract Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Nature's Sunshine Products Frankincense Extract Products Offered
10.5.5 Nature's Sunshine Products Recent Development
10.6 TriVita
10.6.1 TriVita Company Information
10.6.2 TriVita Introduction and Business Overview
10.6.3 TriVita Frankincense Extract Sales, Revenue and Gross Margin (2018-2023)
10.6.4 TriVita Frankincense Extract Products Offered
10.6.5 TriVita Recent Development
10.7 Edens Garden
10.7.1 Edens Garden Company Information
10.7.2 Edens Garden Introduction and Business Overview
10.7.3 Edens Garden Frankincense Extract Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Edens Garden Frankincense Extract Products Offered
10.7.5 Edens Garden Recent Development
10.8 Radha Beauty
10.8.1 Radha Beauty Company Information
10.8.2 Radha Beauty Introduction and Business Overview
10.8.3 Radha Beauty Frankincense Extract Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Radha Beauty Frankincense Extract Products Offered
10.8.5 Radha Beauty Recent Development
10.9 Majestic Pure
10.9.1 Majestic Pure Company Information
10.9.2 Majestic Pure Introduction and Business Overview
10.9.3 Majestic Pure Frankincense Extract Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Majestic Pure Frankincense Extract Products Offered
10.9.5 Majestic Pure Recent Development
10.10 Prime Natural
10.10.1 Prime Natural Company Information
10.10.2 Prime Natural Introduction and Business Overview
10.10.3 Prime Natural Frankincense Extract Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Prime Natural Frankincense Extract Products Offered
10.10.5 Prime Natural Recent Development
10.11 Mountain Rose Herbs
10.11.1 Mountain Rose Herbs Company Information
10.11.2 Mountain Rose Herbs Introduction and Business Overview
10.11.3 Mountain Rose Herbs Frankincense Extract Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Mountain Rose Herbs Frankincense Extract Products Offered
10.11.5 Mountain Rose Herbs Recent Development
10.12 Fabulous Frannie
10.12.1 Fabulous Frannie Company Information
10.12.2 Fabulous Frannie Introduction and Business Overview
10.12.3 Fabulous Frannie Frankincense Extract Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Fabulous Frannie Frankincense Extract Products Offered
10.12.5 Fabulous Frannie Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Frankincense Extract Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Frankincense Extract Industrial Chain Analysis
11.4 Frankincense Extract Market Dynamics
11.4.1 Frankincense Extract Industry Trends
11.4.2 Frankincense Extract Market Drivers
11.4.3 Frankincense Extract Market Challenges
11.4.4 Frankincense Extract Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Frankincense Extract Distributors
12.3 Frankincense Extract Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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