Europe is likely to continue to be the leading region for Frankincense Extracts Market over the forecast period.

 

Frankincense Extracts Market Outlook - 2025

Frankincense, also known as olibanum, is made from the resin of the Boswellia tree, which grows in India, Africa, and the Middle East's mountainous regions. It has a woody, spicy aroma that can be inhaled, absorbed through the skin, steeped in tea, or taken as a supplement. In the past, frankincense was used as a medicine to treat ailments including arthritis and asthma. Because of its anti-inflammatory, antibacterial, and antifungal qualities, frankincense extractss are increasingly being used in pharmaceuticals.

Aromatherapy uses Frankincense essential oil derived from its extractss to reduce tension and discomfort. The busy and stressful lifestyle of the urban population, along with an increase in disposable income, leads to an increase in demand for aromatherapy, which drives the frankincense extracts market forward. Cosmetics and personal care products manufactured with natural and organic ingredients are becoming increasingly popular among consumers. The use of frankincense powder in soaps, shampoos, lotions, and other similar items is becoming more popular. Changes in climate, as well as over-harvesting of trees to suit rising demand, have resulted in the loss of boswellia trees. The frankincense extracts market is expected to be restrained as a result of this.


 On the contrary, due to an increase in health consciousness and the occurrence of health-related disorders, customers are gravitating toward natural ingredients in food and beverage goods. The use of frankincense extractss as an emulsifying agent, stabiliser, and taste in the food and beverage industry can thus be considered by manufacturers as a chance for market growth and expansion.

 The frankincense extracts market is divided into three categories: form, end use, and geography.. Powder, oil, and resin are the three forms in which the market is divided. It is divided into food & beverage, cosmetics & personal care, aromatherapy, pharmaceutical, pesticide, and other categories based on end use. It is studied in North America, Europe, Asia-Pacific, and Latin America and the Caribbean.

 

In terms of revenue, Europe is likely to continue to be the leading market for frankincense extracts over the forecast period. Aromatherapy, which is used to ease tension and anxiety, is primarily responsible for this growth. According to the Netherlands Ministry of Foreign Affairs' Centre for the Promotion of Imports (CBI), Europe is the main market for essential oils and one of the key markets for aromatherapy.By 2026, the global aromatherapy industry is estimated to reach $8 billion. Moreover, a number of players are focusing on developing new items in order to broaden their product portfolio. For example, Neal's Yard Remedies Ltd. introduced Frankincense Intense Lift Serum in May 2017 to help individuals relax and feel better by using the fragrant benefits of frankincense oil and frankincense resin extractss.

 

Indian Spice Oil Industries, Aromaaz International, De Monchy Aromatics, Albert Vieille, HERBO NUTRA, AMARNATH EXPORTS, Avi Naturals, Ambe Ns Agro Product Pvt. Ltd., Scents of Earth LLC., and Edens Garden are among the market's key competitors.

 

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