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Global Frankincense Extract Market Research Report 2025
Synopsis
The global Frankincense Extract market was valued at US$ 260 million in 2023 and is anticipated to reach US$ 420.3 million by 2030, witnessing 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.
This report aims to provide a comprehensive presentation of the global market for Frankincense Extract, 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.
Report Scope
The Frankincense Extract market size, estimations, and forecasts are provided in terms of sales volume (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Frankincense Extract market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Frankincense Extract manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
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
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
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: Sales, revenue of Frankincense Extract in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 4: 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 5: 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 6: 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 7: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 8: 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 9: The main points and conclusions of the report.
The global Frankincense Extract market was valued at US$ 260 million in 2023 and is anticipated to reach US$ 420.3 million by 2030, witnessing 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.
This report aims to provide a comprehensive presentation of the global market for Frankincense Extract, 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.
Report Scope
The Frankincense Extract market size, estimations, and forecasts are provided in terms of sales volume (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Frankincense Extract market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Frankincense Extract manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
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
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
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: Sales, revenue of Frankincense Extract in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 4: 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 5: 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 6: 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 7: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 8: 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 9: The main points and conclusions of the report.
Index1 Frankincense Extract Market Overview
1.1 Product Overview and Scope of Frankincense Extract
1.2 Frankincense Extract Segment by Type
1.2.1 Global Frankincense Extract Market Value Comparison by Type (2024-2030)
1.2.2 Pharmaceutical Grade
1.2.3 Cosmetic Grade
1.2.4 Other
1.3 Frankincense Extract Segment by Application
1.3.1 Global Frankincense Extract Market Value by Application: (2024-2030)
1.3.2 Medicine
1.3.3 Skin care
1.3.4 Oral Care
1.4 Global Frankincense Extract Market Size Estimates and Forecasts
1.4.1 Global Frankincense Extract Revenue 2019-2030
1.4.2 Global Frankincense Extract Sales 2019-2030
1.4.3 Global Frankincense Extract Market Average Price (2019-2030)
1.5 Assumptions and Limitations
2 Frankincense Extract Market Competition by Manufacturers
2.1 Global Frankincense Extract Sales Market Share by Manufacturers (2019-2024)
2.2 Global Frankincense Extract Revenue Market Share by Manufacturers (2019-2024)
2.3 Global Frankincense Extract Average Price by Manufacturers (2019-2024)
2.4 Global Frankincense Extract Industry Ranking 2022 VS 2023 VS 2024
2.5 Global Key Manufacturers of Frankincense Extract, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of Frankincense Extract, Product Type & Application
2.7 Frankincense Extract Market Competitive Situation and Trends
2.7.1 Frankincense Extract Market Concentration Rate
2.7.2 The Global Top 5 and Top 10 Largest Frankincense Extract Players Market Share by Revenue
2.7.3 Global Frankincense Extract Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.8 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Frankincense Extract Retrospective Market Scenario by Region
3.1 Global Frankincense Extract Market Size by Region: 2019 Versus 2023 Versus 2030
3.2 Global Frankincense Extract Global Frankincense Extract Sales by Region: 2019-2030
3.2.1 Global Frankincense Extract Sales by Region: 2019-2024
3.2.2 Global Frankincense Extract Sales by Region: 2025-2030
3.3 Global Frankincense Extract Global Frankincense Extract Revenue by Region: 2019-2030
3.3.1 Global Frankincense Extract Revenue by Region: 2019-2024
3.3.2 Global Frankincense Extract Revenue by Region: 2025-2030
3.4 North America Frankincense Extract Market Facts & Figures by Country
3.4.1 North America Frankincense Extract Market Size by Country: 2019 VS 2023 VS 2030
3.4.2 North America Frankincense Extract Sales by Country (2019-2030)
3.4.3 North America Frankincense Extract Revenue by Country (2019-2030)
3.4.4 U.S.
3.4.5 Canada
3.5 Europe Frankincense Extract Market Facts & Figures by Country
3.5.1 Europe Frankincense Extract Market Size by Country: 2019 VS 2023 VS 2030
3.5.2 Europe Frankincense Extract Sales by Country (2019-2030)
3.5.3 Europe Frankincense Extract Revenue by Country (2019-2030)
3.5.4 Germany
3.5.5 France
3.5.6 U.K.
3.5.7 Italy
3.5.8 Russia
3.6 Asia Pacific Frankincense Extract Market Facts & Figures by Country
3.6.1 Asia Pacific Frankincense Extract Market Size by Country: 2019 VS 2023 VS 2030
3.6.2 Asia Pacific Frankincense Extract Sales by Country (2019-2030)
3.6.3 Asia Pacific Frankincense Extract Revenue by Country (2019-2030)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 India
3.6.8 Australia
3.6.9 Taiwan
3.6.10 Indonesia
3.6.11 Thailand
3.6.12 Malaysia
3.6.13 Philippines
3.7 Latin America Frankincense Extract Market Facts & Figures by Country
3.7.1 Latin America Frankincense Extract Market Size by Country: 2019 VS 2023 VS 2030
3.7.2 Latin America Frankincense Extract Sales by Country (2019-2030)
3.7.3 Latin America Frankincense Extract Revenue by Country (2019-2030)
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.8 Middle East and Africa Frankincense Extract Market Facts & Figures by Country
3.8.1 Middle East and Africa Frankincense Extract Market Size by Country: 2019 VS 2023 VS 2030
3.8.2 Middle East and Africa Frankincense Extract Sales by Country (2019-2030)
3.8.3 Middle East and Africa Frankincense Extract Revenue by Country (2019-2030)
3.8.4 Turkey
3.8.5 Saudi Arabia
3.8.6 UAE
4 Segment by Type
4.1 Global Frankincense Extract Sales by Type (2019-2030)
4.1.1 Global Frankincense Extract Sales by Type (2019-2024)
4.1.2 Global Frankincense Extract Sales by Type (2025-2030)
4.1.3 Global Frankincense Extract Sales Market Share by Type (2019-2030)
4.2 Global Frankincense Extract Revenue by Type (2019-2030)
4.2.1 Global Frankincense Extract Revenue by Type (2019-2024)
4.2.2 Global Frankincense Extract Revenue by Type (2025-2030)
4.2.3 Global Frankincense Extract Revenue Market Share by Type (2019-2030)
4.3 Global Frankincense Extract Price by Type (2019-2030)
5 Segment by Application
5.1 Global Frankincense Extract Sales by Application (2019-2030)
5.1.1 Global Frankincense Extract Sales by Application (2019-2024)
5.1.2 Global Frankincense Extract Sales by Application (2025-2030)
5.1.3 Global Frankincense Extract Sales Market Share by Application (2019-2030)
5.2 Global Frankincense Extract Revenue by Application (2019-2030)
5.2.1 Global Frankincense Extract Revenue by Application (2019-2024)
5.2.2 Global Frankincense Extract Revenue by Application (2025-2030)
5.2.3 Global Frankincense Extract Revenue Market Share by Application (2019-2030)
5.3 Global Frankincense Extract Price by Application (2019-2030)
6 Key Companies Profiled
6.1 AMeO
6.1.1 AMeO Corporation Information
6.1.2 AMeO Description and Business Overview
6.1.3 AMeO Frankincense Extract Sales, Revenue and Gross Margin (2019-2024)
6.1.4 AMeO Frankincense Extract Product Portfolio
6.1.5 AMeO Recent Developments/Updates
6.2 De Monchy Aromatics
6.2.1 De Monchy Aromatics Corporation Information
6.2.2 De Monchy Aromatics Description and Business Overview
6.2.3 De Monchy Aromatics Frankincense Extract Sales, Revenue and Gross Margin (2019-2024)
6.2.4 De Monchy Aromatics Frankincense Extract Product Portfolio
6.2.5 De Monchy Aromatics Recent Developments/Updates
6.3 DoTERRA
6.3.1 DoTERRA Corporation Information
6.3.2 DoTERRA Description and Business Overview
6.3.3 DoTERRA Frankincense Extract Sales, Revenue and Gross Margin (2019-2024)
6.3.4 DoTERRA Frankincense Extract Product Portfolio
6.3.5 DoTERRA Recent Developments/Updates
6.4 AOS Products Private Limited
6.4.1 AOS Products Private Limited Corporation Information
6.4.2 AOS Products Private Limited Description and Business Overview
6.4.3 AOS Products Private Limited Frankincense Extract Sales, Revenue and Gross Margin (2019-2024)
6.4.4 AOS Products Private Limited Frankincense Extract Product Portfolio
6.4.5 AOS Products Private Limited Recent Developments/Updates
6.5 Nature's Sunshine Products
6.5.1 Nature's Sunshine Products Corporation Information
6.5.2 Nature's Sunshine Products Description and Business Overview
6.5.3 Nature's Sunshine Products Frankincense Extract Sales, Revenue and Gross Margin (2019-2024)
6.5.4 Nature's Sunshine Products Frankincense Extract Product Portfolio
6.5.5 Nature's Sunshine Products Recent Developments/Updates
6.6 TriVita
6.6.1 TriVita Corporation Information
6.6.2 TriVita Description and Business Overview
6.6.3 TriVita Frankincense Extract Sales, Revenue and Gross Margin (2019-2024)
6.6.4 TriVita Frankincense Extract Product Portfolio
6.6.5 TriVita Recent Developments/Updates
6.7 Edens Garden
6.6.1 Edens Garden Corporation Information
6.6.2 Edens Garden Description and Business Overview
6.6.3 Edens Garden Frankincense Extract Sales, Revenue and Gross Margin (2019-2024)
6.4.4 Edens Garden Frankincense Extract Product Portfolio
6.7.5 Edens Garden Recent Developments/Updates
6.8 Radha Beauty
6.8.1 Radha Beauty Corporation Information
6.8.2 Radha Beauty Description and Business Overview
6.8.3 Radha Beauty Frankincense Extract Sales, Revenue and Gross Margin (2019-2024)
6.8.4 Radha Beauty Frankincense Extract Product Portfolio
6.8.5 Radha Beauty Recent Developments/Updates
6.9 Majestic Pure
6.9.1 Majestic Pure Corporation Information
6.9.2 Majestic Pure Description and Business Overview
6.9.3 Majestic Pure Frankincense Extract Sales, Revenue and Gross Margin (2019-2024)
6.9.4 Majestic Pure Frankincense Extract Product Portfolio
6.9.5 Majestic Pure Recent Developments/Updates
6.10 Prime Natural
6.10.1 Prime Natural Corporation Information
6.10.2 Prime Natural Description and Business Overview
6.10.3 Prime Natural Frankincense Extract Sales, Revenue and Gross Margin (2019-2024)
6.10.4 Prime Natural Frankincense Extract Product Portfolio
6.10.5 Prime Natural Recent Developments/Updates
6.11 Mountain Rose Herbs
6.11.1 Mountain Rose Herbs Corporation Information
6.11.2 Mountain Rose Herbs Frankincense Extract Description and Business Overview
6.11.3 Mountain Rose Herbs Frankincense Extract Sales, Revenue and Gross Margin (2019-2024)
6.11.4 Mountain Rose Herbs Frankincense Extract Product Portfolio
6.11.5 Mountain Rose Herbs Recent Developments/Updates
6.12 Fabulous Frannie
6.12.1 Fabulous Frannie Corporation Information
6.12.2 Fabulous Frannie Frankincense Extract Description and Business Overview
6.12.3 Fabulous Frannie Frankincense Extract Sales, Revenue and Gross Margin (2019-2024)
6.12.4 Fabulous Frannie Frankincense Extract Product Portfolio
6.12.5 Fabulous Frannie Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 Frankincense Extract Industry Chain Analysis
7.2 Frankincense Extract Key Raw Materials
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Frankincense Extract Production Mode & Process
7.4 Frankincense Extract Sales and Marketing
7.4.1 Frankincense Extract Sales Channels
7.4.2 Frankincense Extract Distributors
7.5 Frankincense Extract Customers
8 Frankincense Extract Market Dynamics
8.1 Frankincense Extract Industry Trends
8.2 Frankincense Extract Market Drivers
8.3 Frankincense Extract Market Challenges
8.4 Frankincense Extract Market Restraints
9 Research Finding and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 Market Size Estimation
10.1.3 Market Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer
Published By : QY Research
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