Global Boswellia Market is expected to grow at more than 5% CAGR from 2019 to 2028. It is expected to reach above USD 153 million by 2028 from a little above USD 90.5 million in 2019.

Global Industrial aspects of Boswellia Market 2019-2028: The Boswellia Market report considers the major factors accountable for driving the growth of the Boswellia Industry, in addition to the key hindrances and challenges. In the initial segment of the report, the market definition, market overview, product description, product scope, product characterization, and product specification has been discussed. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions... Moreover, the study offers an analysis of the latest events such as the technological advancements and the product launches and their consequences on the global Boswellia market. The global market also comprises the data accumulated from numerous primary and secondary sources.

To get SAMPLE of the report, please click:

Report Scope
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 Major Key Market Players Covered in this Report: Sabinsa Corporation, Arjuna Natural Extracts Pvt. Ltd., PLT health Solutions Inc., Alchem International Pvt. Ltd., Nutra Green Biotechnology Co. Ltd & More.

Industry Development:

In February 2022, PLT Health Solutions, Inc . declared that it has united with Botanical Liaisons, LLC (Boulder, CO) to engage in a sustainability audit of Indian Boswellia serrata gum resin harvesting and collection practices associated with its application in an extensive series of nutritional supplement uses. The audit assessed sustainability through in-country interviews of field workers, resin consolidators, ingredient manufacturers, and government officials. The third-party audit was subject to an extensive series of environmental, cultural, and economic parameters and deduced: It is evident from the information accumulated from the stakeholders that [sustainability] is backed.

In March 2022, PLT Health Solutions, Inc. revealed a range of scientific investigations in backing of its Slendacor® Weight Management Complex ingredient that provides novel insights into the mechanisms of action behind its weight loss and body shaping advantages, and which display a thermogenic advantage with a once per day dose that offers formulators of weight management products the capacity to attend to consumers with scientifically-backed metabolism-improving messaging. Two published pre-clinical investigations concentrated on energy expenditure disclose a dual mode of action for Slendacor by way of regulating fat reserves (modulation of adipogenesis and lipolysis) and handling energy expenditure (increasing thermogenesis). A human clinical investigation concentrated on a single daily dose of Slendacor and its impacts on resting metabolic rate.

Boswellia Market Dynamics:

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Market Overview:

Boswellia, commonly known as Indian frankincense, is a herbal extract derived from the Boswellia serrata tree. For ages, Boswellia extract resin has been used in Asian and African folk medicine. It is thought to treat chronic inflammatory diseases as well as a variety of other health issues. Boswellia is available in the form of a resin, tablet, or cream.

Drivers

The escalating benefits of Boswellia extract in treating inflammatory disorders are expected to drive the growth of the Boswellia market:

For decades, the herb Boswellia serrata, often known as Indian frankincense or Salai guggul, has been used in India to treat inflammatory disorders such as osteoarthritis and asthma. Boswellia extract contains therapeutic chemicals known as boswellic acids, which fight inflammation and reduce oxidative stress. Boswellia inhibits 5-lipoxygenase (5-LOX), an enzyme involved in inflammation, as well as the function of cytokines, which are inflammatory proteins. People commonly consume Boswellia supplements in the form of capsules or pills. However, it is also available in the form of Boswellia serrata oil or Boswellia tea. One of the most common applications of Boswellia is for joint pain and stiffness, which are common symptoms in people with arthritis.

Boswellia Market Segment Analysis:

Boswellia Market by Source (IN USD Million)

Papyrifera

Sacra

Serrata

Cartetti

Boswellia Market by Application (IN USD Million)

Herbal Medicinal Products

Food Supplements

Personal Care Products

Aromatherapy

Others

Boswellia Market by Type (IN USD Million)

Resins

Essence Oils

Extracts

Results of the recent scientific undertakings towards the development of new Boswellia Market have been studied. Nevertheless, the factors affecting the leading industry players to adopt synthetic sourcing of the market products have also been studied in this statistical surveying report. The conclusions provided in this report are of great value for the leading industry players.

Global Boswellia Market: Regional Segmentation:-
On the basis of geography, the global market for Boswellia has been segmented into:

North America (US, Canada)
Europe (Germany, France, UK, Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe)
Asia-Pacific (South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC)
Latin America (Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America)
Middle East and Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA)

The information enclosed in this report is based upon both primary and secondary research methodologies. Primary research methodology includes the interaction with service providers, suppliers, and industry professionals. Secondary research methodology includes a meticulous search of pertinent publications like company annual reports, financial reports, and exclusive databases.

Highlights the following Key Factors:

✍ Business description – A detailed description of the company's operations and business divisions.

✍ Corporate strategy – Analyst's summarization of the company's business strategy.

✍ SWOT Analysis – A detailed analysis of the company's strengths, weakness, opportunities and threats.

✍ Company history – Progression of key events associated with the company.

✍ Major products and services – A list of major products, services and brands of the company.

✍ Key competitors – A list of key competitors to the company.

✍ Important locations and subsidiaries – A list and contact details of key locations and subsidiaries of the company.

For More Details On this Report:

Any special requirements about this report, please let us know and we can provide custom report.

About Us:

Exactitude Consultancy is a Market Research And consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.

Connect us on:

Youtube:

LinkedIn:

Twitter :

Contact Number +1 (704) 266-3234

Email:

MENAFN29052023004660010643ID1106347832