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Boswellia Extract Market

Boswellia Extract Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Boswellia Extract Market

Boswellia is an Indian homegrown item accessible plentifully in the country, essentially around the woodlands of Western and Central India. Its extract is gotten from the Boswellia tree and made into an extremely fine powder and changed into a fluid. Boswellia seems, by all accounts, to be non-harmful and has a past filled with use in the drug business. Various researchers and analysts have directed various investigations on the convenience of Boswellia extract/Boswellia serrate extract on the human body.

Boswellia extract is known for its enemy of malignant growth and mitigating properties and its capacity to oversee provocative issues, decrease joint and joint pain torment and accelerate mending from contaminations. Boswellia extract is also helpful in cases of ligament issues, in immune system sicknesses, and as a powerful painkiller. On the other side, the fragrance present in the resins of a bosweilla plant is also used in aromatherapy and is in high demand by several perfume-making and incense manufacturing companies. Besides perfume and cosmetic products, the safe nature of this plant makes it liable for use in food items as well, the reason attributing to its high demand from food and beverage manufacturing companies as well.

Market Outlook

Boswellia is an Indian herbal product available abundantly in the country, mainly around the forests of Western and Central India. This specific botanical plant is known as Indian Olibanum. Other types of Boswellia trees include Boswellia carteri and Boswellia Sacra, which grow in regions of North Africa and Oman (Middle East). Remarkably, Boswellia appears to be non-toxic and has a history of usage in the pharmaceutical industry. Boswellia extract, also known as Shalaki extract, is derived from the Boswellia tree and made into a very fine powder and transformed into a liquid. Boswellia extract is known for its anti-cancer and anti-inflammatory properties and its ability to manage inflammatory disorders, reduce joint and arthritis pain and speed up healing from infections. Boswellia extract has proved to be beneficial in the prevention of loss of cartilage, in autoimmune diseases, and as an effective painkiller. Researchers have conducted numerous studies on the usefulness of Boswellia extract / Boswellia serrate extract on the human body. Boswellia extract is a fragrant resin that has applications in incense and perfume manufacturing industries. It is safe in nature and is also utilized in food items.

Global Value Share of Herb & Spice Extract Market (2016)

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Reasons for Covering this Title: 

Boswellia extract (Boswellia Serrata Extract), also commonly known as Frankincense oil, is a resin obtained from the botanical plant Boswellia Serrata. Attributing to the natural health benefits of Boswellia extract as a herbal remedy, its adoption is increasing the pharmaceutical industry and companies are producing various types of products from Boswellia extract. Boswellia extract finds applications in many industries such as food, beverage, cosmetics, spa treatment and aromatherapy. Most of the new products released in the market over the past two years were for pharmaceutical and cosmetics industries. The medicinal properties of Boswellia extract are presently widely recognized for its antimicrobial activity and treatment for cancerous diseases. Although there is a very limited market for Boswellia extract in the western world currently, traces have been seen its uses in India and Asia for decades. Attributing to the multiple health and medicinal benefits it offers, Boswellia extract is becoming popular amongst health-conscious consumers and pharmaceutical manufacturers.

Global Boswellia Extract Market: Segmentation:  

By Form:

  • Powder
  • Liquid

By Application:

  • Pharmaceutical
  • Food & Beverage
  • Aromatherapy
  • Others 

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • The Middle East and Africa

Global Boswellia Extract Market: Some of the key Players include Alchem International, Arjuna Natural, Venkatesh Natural Extract Pvt Ltd., Now Foods, Alps Pure, Ambe NS Agro Product Private Limited, Herbal Creations, Jayshree Nath Herbals, Sanat, S.A. Hernal BioActives LLP, Marven Bio Chem, Manus Aktteva BioPharma LLP, and Sydler India, among others.

Boswellia Extract Key Product Launches

New Product Development in the Boswellia Extract Market: Boswellia Extract 250 mg Veg Capsules for Balanced Immune Response

Currently manufacturers are focusing on launching Boswellia extract based products and are investing significantly more in research to develop new product ranges to expand their customer base and enhance their regional presence.

Boswellia Extract Market Opportunities for Market Participants

Anti-inflammatory properties and several other properties of Boswellia extract are increasing the usage of its products in the market, due to which it is witnessing high growth in demand in the cosmetics industry. Boswellia extract also has anti-cancer properties, which will boost the demand for its cosmetic products since people prefer to take treatments that don’t require consumption of medicines. Cosmetics made from Boswellia extract can witness high demand due to their features and wide usage in cosmetics, spa, and herbal treatment. Expansion of global retail chains along with increasing product lines and product portfolio are expected to further drive the growth of the Boswellia extract market.

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