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Frankincense Oil Market

Frankincense Oil Market - Global Share, Size & Changing Dynamics 2019-2031

Global Frankincense Oil Market is segmented by Application (Aromatherapy, Cosmetics, Pharmaceuticals, Fragrance, Personal care), , Type (Essential, Therapeutic, Pure, Organic, Blended) and Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

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Industry Overview

The Frankincense Oil is at USD 700Million in 2023 and is expected to reach 1.2Billion by 2031. The Frankincense Oil is driven by increasing demand in end-use industries, technological advancements, research and development (R&D), economic growth, and global trade.

Frankincense Oil Market Size in (USD Million) CAGR Growth Rate 9.00%

Study Period 2019-2031
Market Size (2023): 700Million
Market Size (2031): 1.2Billion
CAGR (2023 - 2031): 9.00%
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Frankincense is an oleogum-resin, which is also called olibanum. The resin is harvested from several Boswellia species within the Burseraceae family. Increasing demand for frankincense oil in the pharmaceutical industry is expected to act as a major driving agent in market growth. According to CBI (ministry of foreign affairs), the consistent growth in the demand of frankincense in European countries. Moreover, in the European market, frankincense extracts have great potential in health products aimed at healthy joints. However, supplies of this wild-collected ingredient are decreasing. Therefore, sustainability is key.

Competitive landscape

The key players in the Frankincense Oil are intensifying their focus on research and development (R&D) activities to innovate and stay competitive. Major companies, such as AMBE PHYTOEXTRACTS PRIVATE LIMITED (India), AROMAAZ INTERNATIONAL (India), AVA PLANT CO., LTD.(Thailand), BO INTERNATIONAL (India), Cn Lab Canada, Asian Group (China), ECUADORIAN RAINFOREST, LLC. (United States), Harry Baba (India), Herblink Biotech Corporation (China), KANTA ENTERPRISES PRIVATE LIMITED (India), KARMOTECH (Bulgaria), KATYANI EXPORTS (India), KOPRULU MAKINA HIRDAVAT INSAAT TARIM GIDA BIYO ENERJI KIMYA SANAYI VE TICARET LIMITED SIRKETI (Turkey), LALA JAGDISH PRASAD & CO. (India), NGAI TIN ENTERPRISE - CHELSEA (Macau), NUVARIA INGREDIENTS (United States), Organic Herb Inc. (China), are heavily investing in R&D to develop new products and improve existing ones. This strategic emphasis on innovation is driving significant advancements in chemical manufacturing processes and the introduction of sustainable and eco-friendly products.
Moreover, these established industry leaders are actively pursuing acquisitions of smaller companies to expand their regional presence and enhance their market share. These acquisitions not only help in diversifying their product portfolios but also provide access to new technologies and markets. This consolidation trend is a critical factor in the growth of the Frankincense Oil , as it enables larger companies to streamline operations, reduce costs, and increase their competitive edge.
In addition to R&D and acquisitions, there is a notable shift towards green investments among key players in the Frankincense Oil . Companies are increasingly committing resources to sustainable practices and the development of environmentally friendly products. This green investment is in response to growing consumer demand for sustainable solutions and stringent environmental regulations. By prioritizing sustainability, these companies are not only contributing to environmental protection but also positioning themselves as leaders in the green chemistry movement, thereby fueling market growth.

Key Players

The companies highlighted in this profile were selected based on insights from primary experts and an evaluation of their market penetration, product offerings, and geographical reach:
  • AMBE PHYTOEXTRACTS PRIVATE LIMITED (India)
  • AROMAAZ INTERNATIONAL (India)
  • AVA PLANT CO.
  • LTD.(Thailand)
  • BO INTERNATIONAL (India)
  • Cn Lab Canada
  • Asian Group (China)
  • ECUADORIAN RAINFOREST
  • LLC. (United States)
  • Harry Baba (India)
  • Herblink Biotech Corporation (China)
  • KANTA ENTERPRISES PRIVATE LIMITED (India)
  • KARMOTECH (Bulgaria)
  • KATYANI EXPORTS (India)
  • KOPRULU MAKINA HIRDAVAT INSAAT TARIM GIDA BIYO ENERJI KIMYA SANAYI VE TICARET LIMITED SIRKETI (Turkey)
  • LALA JAGDISH PRASAD & CO. (India)
  • NGAI TIN ENTERPRISE - CHELSEA (Macau)
  • NUVARIA INGREDIENTS (United States)
  • Organic Herb Inc. (China)

Frankincense Oil Market Segmentation by Players

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Frankincense Oil Dynamics

Driving Factor
The Frankincense Oil is propelled by several key drivers, including the demand from diverse industrial sectors such as automotive, construction, and pharmaceuticals. Technological advancements and continuous innovation in chemical processes enhance efficiency and open new market opportunities. Economic growth, particularly in emerging markets, along with rapid urbanization and population growth, increases the need for chemicals in infrastructure and consumer goods. Additionally, stricter environmental regulations and the push for sustainable products drive the development of green chemicals. Global trade, raw material availability, and investments in research and development further shape the industry's growth, while supportive government policies and evolving consumer trends also play crucial roles.
  • Frankincense Oil Helps In Reducing Itching Problems
  • Eradicate Arthritis Pain And Inflammation
  • And Promotes Sleep & Prevent Insomnia

Challenge Factor
The Frankincense Oil faces several challenges and restraining factors, including stringent environmental regulations that increase operational costs and complexity. Fluctuating raw material prices and availability can impact production expenses while growing health and safety concerns necessitate significant investments in compliance measures. Additionally, the push for sustainability requires costly reforms and green technologies. Economic uncertainty, supply chain disruptions, and rapid technological advancements further complicate market dynamics. Geopolitical instability and intellectual property risks also pose significant threats, while market saturation in mature regions pressures profit margins and limits growth opportunities.
  • Sourcing
  • Cost

Opportunities
The Frankincense Oil presents numerous opportunities for growth and innovation. Emerging trends in sustainability offer significant prospects for developing green and eco-friendly products, which are increasingly demanded by consumers and regulated by governments. Advancements in technology, such as digitalization and automation, provide opportunities for improving efficiency and reducing costs in chemical production. Expansion into emerging markets and developing regions presents a chance for companies to tap into new customer bases and increase their market share. Additionally, ongoing investments in research and development pave the way for innovations in specialty chemicals and advanced materials. Collaborations and partnerships within the industry can also drive growth by leveraging complementary strengths and accessing new technologies and markets.
  • Frankincense Oil Helps In Reducing Itching Problems
  • Eradicate Arthritis Pain And Inflammation
  • And Promotes Sleep & Prevent Insomnia

Important Trend
Key trends in the Frankincense Oil include a focus on sustainability and green chemistry, driven by environmental regulations and consumer demand. Digital transformation is enhancing efficiency through AI and automation, while advanced materials are being developed for various industries. The shift towards a circular economy promotes recycling and reuse, and personalized medicine is increasing demand for specialty chemicals. Investments in renewable energy create new opportunities, and emerging markets offer growth potential. Evolving regulations and consumer preferences for sustainable products are influencing innovation, and supply chain advancements are improving efficiency. These trends are reshaping the chemical industry and driving its growth.
  • Adoption of Online Platform by Retailers to Offer Frankincense Oil Products to Consumers

Regulatory Framework

Several regulatory bodies oversee the chemical industry globally to ensure safety, environmental protection, and compliance with standards. Notable among these are the Environmental Protection Agency (EPA) in the United States, the European Chemicals Agency (ECHA) in the European Union, and the Occupational Safety and Health Administration (OSHA) in the United States. Other significant entities include the Health and Safety Executive (HSE) in the United Kingdom, the National Institute of Chemical Safety (NICS) in South Korea, and the Ministry of Environmental Protection (MEP) in China.
Additionally, the National Industrial Chemicals Notification and Assessment Scheme (NICNAS) in Australia, the Japan Chemical Industry Association (JCIA), the Canadian Environmental Protection Act (CEPA), and the Central Pollution Control Board (CPCB) in India play crucial roles. These organizations establish regulations, conduct inspections, and enforce compliance to ensure the safe production, handling, and disposal of chemicals.

Regional Insight

The leads the market share, largely due to rising consumption, a growing population, and strong economic momentum that boosts demand. In contrast, the is emerging as the fastest-growing area, driven by rapid infrastructure development, the expansion of industrial sectors, and heightened consumer demand, making it a critical factor for future market growth. The regions covered in the report are:
Regions
  • North America
  • LATAM
  • West Europe
  • Central & Eastern Europe
  • Northern Europe
  • Southern Europe
  • East Asia
  • Southeast Asia
  • South Asia
  • Central Asia
  • Oceania
  • MEA



 

Market Segmentation

Segmentation by Type
  • Essential
  • Therapeutic
  • Pure
  • Organic

Frankincense Oil Market Segmentation by Type

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Segmentation by Application
  • Aromatherapy
  • Cosmetics
  • Pharmaceuticals
  • Fragrance
  • Personal care

Frankincense Oil Market Segmentation by Application

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Research Methodology

The research methodology involves several key steps to ensure comprehensive and accurate insights. First, the objectives of the research are clearly defined, focusing on aspects such as market size, growth trends, and competitive dynamics. Data collection is conducted through both primary and secondary methods. Primary research includes interviews with industry experts, surveys, and focus groups to gather first-hand information, while secondary research involves analyzing existing reports, government publications, and company filings. 
The collected data is then subjected to rigorous analysis, with quantitative methods used to evaluate market size and trends, and qualitative methods applied to understand industry dynamics and consumer behavior. Findings are compiled into a detailed report featuring key insights, data visualizations, and strategic recommendations. Validation is achieved through data verification and peer reviews to ensure accuracy. 
Finally, the research concludes with actionable insights and recommendations, along with suggestions for future studies to address emerging trends and gaps. This methodology provides a structured approach to understanding the {keywords} and guiding strategic decisions.

Report Details

Report Features Details
Base Year 2023
Based Year Market Size (2023) 700Million
Historical Period 2019 to 2023
CAGR (2023 to 2031) 9.00%
Forecast Period 2025 to 2031
Forecasted Period Market Size (2031) 1.2Billion
Scope of the Report Essential, Therapeutic, Pure, Organic, Aromatherapy, Cosmetics, Pharmaceuticals, Fragrance, Personal care
Regions Covered North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA
Companies Covered AMBE PHYTOEXTRACTS PRIVATE LIMITED (India), AROMAAZ INTERNATIONAL (India), AVA PLANT CO., LTD.(Thailand), BO INTERNATIONAL (India), Cn Lab Canada, Asian Group (China), ECUADORIAN RAINFOREST, LLC. (United States), Harry Baba (India), Herblink Biotech Corporation (China), KANTA ENTERPRISES PRIVATE LIMITED (India), KARMOTECH (Bulgaria), KATYANI EXPORTS (India), KOPRULU MAKINA HIRDAVAT INSAAT TARIM GIDA BIYO ENERJI KIMYA SANAYI VE TICARET LIMITED SIRKETI (Turkey), LALA JAGDISH PRASAD & CO. (India), NGAI TIN ENTERPRISE - CHELSEA (Macau), NUVARIA INGREDIENTS (United States), Organic Herb Inc. (China)
Customization Scope 15% Free Customization
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Frankincense Oil - Table of Contents

Chapter 1: Market Preface
  • 1.1 Global Frankincense Oil Market Landscape
  • 1.2 Scope of the Study
  • 1.3 Relevant Findings & Stakeholder Advantages

Chapter 2: Strategic Overview
  • 2.1 Global Frankincense Oil Market Outlook
  • 2.2 Total Addressable Market versus Serviceable Market
  • 2.3 Market Rivalry Projection

Chapter 3 : Global Frankincense Oil Market Business Environment & Changing Dynamics
  • 3.1 Growth Drivers
    • 3.1.1 Frankincense Oil Helps in Reducing Itching Problems
    • 3.1.2 Eradicate Arthritis Pain and Inflammation
    • 3.1.3 and Promotes Sleep & Prevent Insomnia
  • 3.2 Available Opportunities
    • 3.2.1 Frankincense Oil Helps in Reducing Itching Problems
    • 3.2.2 Eradicate Arthritis Pain and Inflammation
  • 3.3 Influencing Trends
    • 3.3.1 Adoption of Online Platform by Retailers to Offer Frankincense Oil Products to Consumers
    • 3.3.2 Huge
  • 3.4 Challenges
    • 3.4.1 Sourcing
    • 3.4.2 Cost
    • 3.4.3 Sustainability
  • 3.5 Regional Dynamics

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Chapter 4 : Global Frankincense Oil Industry Factors Assessment
  • 4.1 Current Scenario
  • 4.2 PEST Analysis
  • 4.3 Business Environment - PORTER 5-Forces Analysis
    • 4.3.1 Supplier Leverage
    • 4.3.2 Bargaining Power of Buyers
    • 4.3.3 Threat of Substitutes
    • 4.3.4 Threat from New Entrant
    • 4.3.5 Market Competition Level
  • 4.4 Roadmap of Frankincense Oil Market
  • 4.5 Impact of Macro-Economic Factors
  • 4.6 Market Entry Strategies
  • 4.7 Political and Regulatory Landscape
  • 4.8 Supply Chain Analysis
  • 4.9 Impact of Tariff War


Chapter 5: Frankincense Oil : Competition Benchmarking & Performance Evaluation
  • 5.1 Global Frankincense Oil Market Concentration Ratio
    • 5.1.1 CR4, CR8 and HH Index
    • 5.1.2 % Market Share - Top 3
    • 5.1.3 Market Holding by Top 5
  • 5.2 Market Position of Manufacturers by Frankincense Oil Revenue 2023
  • 5.3 Global Frankincense Oil Sales Volume by Manufacturers (2023)
  • 5.4 BCG Matrix
  • 5.4 Market Entropy
  • 5.5 Heat Map Analysis
  • 5.6 Strategic Group Analysis
Chapter 6: Global Frankincense Oil Market: Company Profiles
  • 6.1 AMBE PHYTOEXTRACTS PRIVATE LIMITED (India)
    • 6.1.1 AMBE PHYTOEXTRACTS PRIVATE LIMITED (India) Company Overview
    • 6.1.2 AMBE PHYTOEXTRACTS PRIVATE LIMITED (India) Product/Service Portfolio & Specifications
    • 6.1.3 AMBE PHYTOEXTRACTS PRIVATE LIMITED (India) Key Financial Metrics
    • 6.1.4 AMBE PHYTOEXTRACTS PRIVATE LIMITED (India) SWOT Analysis
    • 6.1.5 AMBE PHYTOEXTRACTS PRIVATE LIMITED (India) Development Activities
  • 6.2 AROMAAZ INTERNATIONAL (India)
  • 6.3 AVA PLANT CO.
  • 6.4 LTD.(Thailand)
  • 6.5 BO INTERNATIONAL (India)
  • 6.6 Cn Lab Canada
  • 6.7 Asian Group (China)
  • 6.8 ECUADORIAN RAINFOREST
  • 6.9 LLC. (United States)
  • 6.10 Harry Baba (India)
  • 6.11 Herblink Biotech Corporation (China)
  • 6.12 KANTA ENTERPRISES PRIVATE LIMITED (India)
  • 6.13 KARMOTECH (Bulgaria)
  • 6.14 KATYANI EXPORTS (India)
  • 6.15 KOPRULU MAKINA HIRDAVAT INSAAT TARIM GIDA BIYO ENERJI KIMYA SANAYI VE TICARET LIMITED SIRKETI (Turkey)
  • 6.16 LALA JAGDISH PRASAD & CO. (India)
  • 6.17 NGAI TIN ENTERPRISE - CHELSEA (Macau)
  • 6.18 NUVARIA INGREDIENTS (United States)
  • 6.19 Organic Herb Inc. (China)
  • 6.20 PRAVEEN AROMA PVT LTD (India)

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Chapter 7 : Global Frankincense Oil by Type & Application (2019-2031)
  • 7.1 Global Frankincense Oil Market Revenue Analysis (USD Million) by Type (2019-2023)
    • 7.1.1 Essential
    • 7.1.2 Therapeutic
    • 7.1.3 Pure
    • 7.1.4 Organic
    • 7.1.5 Blended
  • 7.2 Global Frankincense Oil Market Revenue Analysis (USD Million) by Application (2019-2023)
    • 7.2.1 Aromatherapy
    • 7.2.2 Cosmetics
    • 7.2.3 Pharmaceuticals
    • 7.2.4 Fragrance
    • 7.2.5 Personal Care
  • 7.3 Global Frankincense Oil Market Revenue Analysis (USD Million) by Type (2023-2031)
  • 7.4 Global Frankincense Oil Market Revenue Analysis (USD Million) by Application (2023-2031)

Chapter 8 : North America Frankincense Oil Market Breakdown by Country, Type & Application
  • 8.1 North America Frankincense Oil Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 8.1.1 United States
    • 8.1.2 Canada
  • 8.2 North America Frankincense Oil Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 8.2.1 Essential
    • 8.2.2 Therapeutic
    • 8.2.3 Pure
    • 8.2.4 Organic
    • 8.2.5 Blended
  • 8.3 North America Frankincense Oil Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 8.3.1 Aromatherapy
    • 8.3.2 Cosmetics
    • 8.3.3 Pharmaceuticals
    • 8.3.4 Fragrance
    • 8.3.5 Personal Care
  • 8.4 North America Frankincense Oil Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 8.5 North America Frankincense Oil Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 8.6 North America Frankincense Oil Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
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Chapter 9 : LATAM Frankincense Oil Market Breakdown by Country, Type & Application
  • 9.1 LATAM Frankincense Oil Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 9.1.1 Brazil
    • 9.1.2 Argentina
    • 9.1.3 Chile
    • 9.1.4 Mexico
    • 9.1.5 Rest of LATAM
  • 9.2 LATAM Frankincense Oil Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 9.2.1 Essential
    • 9.2.2 Therapeutic
    • 9.2.3 Pure
    • 9.2.4 Organic
    • 9.2.5 Blended
  • 9.3 LATAM Frankincense Oil Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 9.3.1 Aromatherapy
    • 9.3.2 Cosmetics
    • 9.3.3 Pharmaceuticals
    • 9.3.4 Fragrance
    • 9.3.5 Personal Care
  • 9.4 LATAM Frankincense Oil Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 9.5 LATAM Frankincense Oil Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 9.6 LATAM Frankincense Oil Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 10 : West Europe Frankincense Oil Market Breakdown by Country, Type & Application
  • 10.1 West Europe Frankincense Oil Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 10.1.1 Germany
    • 10.1.2 France
    • 10.1.3 Benelux
    • 10.1.4 Switzerland
    • 10.1.5 Rest of West Europe
  • 10.2 West Europe Frankincense Oil Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 10.2.1 Essential
    • 10.2.2 Therapeutic
    • 10.2.3 Pure
    • 10.2.4 Organic
    • 10.2.5 Blended
  • 10.3 West Europe Frankincense Oil Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 10.3.1 Aromatherapy
    • 10.3.2 Cosmetics
    • 10.3.3 Pharmaceuticals
    • 10.3.4 Fragrance
    • 10.3.5 Personal Care
  • 10.4 West Europe Frankincense Oil Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 10.5 West Europe Frankincense Oil Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 10.6 West Europe Frankincense Oil Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 11 : Central & Eastern Europe Frankincense Oil Market Breakdown by Country, Type & Application
  • 11.1 Central & Eastern Europe Frankincense Oil Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 11.1.1 Bulgaria
    • 11.1.2 Poland
    • 11.1.3 Hungary
    • 11.1.4 Romania
    • 11.1.5 Rest of CEE
  • 11.2 Central & Eastern Europe Frankincense Oil Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 11.2.1 Essential
    • 11.2.2 Therapeutic
    • 11.2.3 Pure
    • 11.2.4 Organic
    • 11.2.5 Blended
  • 11.3 Central & Eastern Europe Frankincense Oil Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 11.3.1 Aromatherapy
    • 11.3.2 Cosmetics
    • 11.3.3 Pharmaceuticals
    • 11.3.4 Fragrance
    • 11.3.5 Personal Care
  • 11.4 Central & Eastern Europe Frankincense Oil Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 11.5 Central & Eastern Europe Frankincense Oil Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 11.6 Central & Eastern Europe Frankincense Oil Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 12 : Northern Europe Frankincense Oil Market Breakdown by Country, Type & Application
  • 12.1 Northern Europe Frankincense Oil Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 12.1.1 The United Kingdom
    • 12.1.2 Sweden
    • 12.1.3 Norway
    • 12.1.4 Baltics
    • 12.1.5 Ireland
    • 12.1.6 Rest of Northern Europe
  • 12.2 Northern Europe Frankincense Oil Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 12.2.1 Essential
    • 12.2.2 Therapeutic
    • 12.2.3 Pure
    • 12.2.4 Organic
    • 12.2.5 Blended
  • 12.3 Northern Europe Frankincense Oil Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 12.3.1 Aromatherapy
    • 12.3.2 Cosmetics
    • 12.3.3 Pharmaceuticals
    • 12.3.4 Fragrance
    • 12.3.5 Personal Care
  • 12.4 Northern Europe Frankincense Oil Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 12.5 Northern Europe Frankincense Oil Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 12.6 Northern Europe Frankincense Oil Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 13 : Southern Europe Frankincense Oil Market Breakdown by Country, Type & Application
  • 13.1 Southern Europe Frankincense Oil Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 13.1.1 Spain
    • 13.1.2 Italy
    • 13.1.3 Portugal
    • 13.1.4 Greece
    • 13.1.5 Rest of Southern Europe
  • 13.2 Southern Europe Frankincense Oil Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 13.2.1 Essential
    • 13.2.2 Therapeutic
    • 13.2.3 Pure
    • 13.2.4 Organic
    • 13.2.5 Blended
  • 13.3 Southern Europe Frankincense Oil Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 13.3.1 Aromatherapy
    • 13.3.2 Cosmetics
    • 13.3.3 Pharmaceuticals
    • 13.3.4 Fragrance
    • 13.3.5 Personal Care
  • 13.4 Southern Europe Frankincense Oil Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 13.5 Southern Europe Frankincense Oil Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 13.6 Southern Europe Frankincense Oil Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 14 : East Asia Frankincense Oil Market Breakdown by Country, Type & Application
  • 14.1 East Asia Frankincense Oil Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 14.1.1 China
    • 14.1.2 Japan
    • 14.1.3 South Korea
    • 14.1.4 Taiwan
    • 14.1.5 Others
  • 14.2 East Asia Frankincense Oil Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 14.2.1 Essential
    • 14.2.2 Therapeutic
    • 14.2.3 Pure
    • 14.2.4 Organic
    • 14.2.5 Blended
  • 14.3 East Asia Frankincense Oil Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 14.3.1 Aromatherapy
    • 14.3.2 Cosmetics
    • 14.3.3 Pharmaceuticals
    • 14.3.4 Fragrance
    • 14.3.5 Personal Care
  • 14.4 East Asia Frankincense Oil Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 14.5 East Asia Frankincense Oil Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 14.6 East Asia Frankincense Oil Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 15 : Southeast Asia Frankincense Oil Market Breakdown by Country, Type & Application
  • 15.1 Southeast Asia Frankincense Oil Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 15.1.1 Vietnam
    • 15.1.2 Singapore
    • 15.1.3 Thailand
    • 15.1.4 Malaysia
    • 15.1.5 Indonesia
    • 15.1.6 Philippines
    • 15.1.7 Rest of SEA Countries
  • 15.2 Southeast Asia Frankincense Oil Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 15.2.1 Essential
    • 15.2.2 Therapeutic
    • 15.2.3 Pure
    • 15.2.4 Organic
    • 15.2.5 Blended
  • 15.3 Southeast Asia Frankincense Oil Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 15.3.1 Aromatherapy
    • 15.3.2 Cosmetics
    • 15.3.3 Pharmaceuticals
    • 15.3.4 Fragrance
    • 15.3.5 Personal Care
  • 15.4 Southeast Asia Frankincense Oil Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 15.5 Southeast Asia Frankincense Oil Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 15.6 Southeast Asia Frankincense Oil Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 16 : South Asia Frankincense Oil Market Breakdown by Country, Type & Application
  • 16.1 South Asia Frankincense Oil Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 16.1.1 India
    • 16.1.2 Bangladesh
    • 16.1.3 Others
  • 16.2 South Asia Frankincense Oil Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 16.2.1 Essential
    • 16.2.2 Therapeutic
    • 16.2.3 Pure
    • 16.2.4 Organic
    • 16.2.5 Blended
  • 16.3 South Asia Frankincense Oil Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 16.3.1 Aromatherapy
    • 16.3.2 Cosmetics
    • 16.3.3 Pharmaceuticals
    • 16.3.4 Fragrance
    • 16.3.5 Personal Care
  • 16.4 South Asia Frankincense Oil Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 16.5 South Asia Frankincense Oil Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 16.6 South Asia Frankincense Oil Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 17 : Central Asia Frankincense Oil Market Breakdown by Country, Type & Application
  • 17.1 Central Asia Frankincense Oil Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 17.1.1 Kazakhstan
    • 17.1.2 Tajikistan
    • 17.1.3 Others
  • 17.2 Central Asia Frankincense Oil Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 17.2.1 Essential
    • 17.2.2 Therapeutic
    • 17.2.3 Pure
    • 17.2.4 Organic
    • 17.2.5 Blended
  • 17.3 Central Asia Frankincense Oil Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 17.3.1 Aromatherapy
    • 17.3.2 Cosmetics
    • 17.3.3 Pharmaceuticals
    • 17.3.4 Fragrance
    • 17.3.5 Personal Care
  • 17.4 Central Asia Frankincense Oil Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 17.5 Central Asia Frankincense Oil Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 17.6 Central Asia Frankincense Oil Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 18 : Oceania Frankincense Oil Market Breakdown by Country, Type & Application
  • 18.1 Oceania Frankincense Oil Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 18.1.1 Australia
    • 18.1.2 New Zealand
    • 18.1.3 Others
  • 18.2 Oceania Frankincense Oil Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 18.2.1 Essential
    • 18.2.2 Therapeutic
    • 18.2.3 Pure
    • 18.2.4 Organic
    • 18.2.5 Blended
  • 18.3 Oceania Frankincense Oil Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 18.3.1 Aromatherapy
    • 18.3.2 Cosmetics
    • 18.3.3 Pharmaceuticals
    • 18.3.4 Fragrance
    • 18.3.5 Personal Care
  • 18.4 Oceania Frankincense Oil Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 18.5 Oceania Frankincense Oil Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 18.6 Oceania Frankincense Oil Market by Application (USD Million) & Sales Volume (Units) [2024-2031]
Chapter 19 : MEA Frankincense Oil Market Breakdown by Country, Type & Application
  • 19.1 MEA Frankincense Oil Market by Country (USD Million) & Sales Volume (Units) [2019-2023]
    • 19.1.1 Turkey
    • 19.1.2 South Africa
    • 19.1.3 Egypt
    • 19.1.4 UAE
    • 19.1.5 Saudi Arabia
    • 19.1.6 Israel
    • 19.1.7 Rest of MEA
  • 19.2 MEA Frankincense Oil Market by Type (USD Million) & Sales Volume (Units) [2019-2023]
    • 19.2.1 Essential
    • 19.2.2 Therapeutic
    • 19.2.3 Pure
    • 19.2.4 Organic
    • 19.2.5 Blended
  • 19.3 MEA Frankincense Oil Market by Application (USD Million) & Sales Volume (Units) [2019-2023]
    • 19.3.1 Aromatherapy
    • 19.3.2 Cosmetics
    • 19.3.3 Pharmaceuticals
    • 19.3.4 Fragrance
    • 19.3.5 Personal Care
  • 19.4 MEA Frankincense Oil Market by Country (USD Million) & Sales Volume (Units) [2024-2031]
  • 19.5 MEA Frankincense Oil Market by Type (USD Million) & Sales Volume (Units) [2024-2031]
  • 19.6 MEA Frankincense Oil Market by Application (USD Million) & Sales Volume (Units) [2024-2031]

Chapter 20: Research Findings & Conclusion
  • 20.1 Key Findings
  • 20.2 Conclusion

Chapter 21: Methodology and Data Source
  • 21.1 Research Methodology & Approach
    • 21.1.1 Research Program/Design
    • 21.1.2 Market Size Estimation
    • 21.1.3 Market Breakdown and Data Triangulation
  • 21.2 Data Source
    • 21.2.1 Secondary Sources
    • 21.2.2 Primary Sources

Chapter 22: Appendix & Disclaimer
  • 22.1 Acronyms & bibliography
  • 22.2 Disclaimer

Frequently Asked Questions (FAQ):

The Frankincense Oil market may reach an estimated size of 1.2 Billion by 2031.

The Frankincense Oil Market is growing at a CAGR of 9.00% over the forecasted period 2023 - 2031.

The changing dynamics and trends such as Adoption Of Online Platform By Retailers To Offer Frankincense Oil Products To Consumers, Huge Investment In R&D Among Global Manufacturers are seen as major Game Changer in Global Frankincense Oil Market.

  • Frankincense Oil Helps In Reducing Itching Problems
  • Eradicate Arthritis Pain And Inflammation
  • And Promotes Sleep & Prevent Insomnia
  • Increasing Disposable Income Of The Consumers In Developing Economies

Some of the major challanges seen in Global Frankincense Oil Market are Sourcing, Cost, Sustainability.

The market opportunity is clear from the flow of investment into Global Frankincense Oil Market, some of them are Frankincense Oil Helps In Reducing Itching Problems, Eradicate Arthritis Pain And Inflammation, And Promotes Sleep & Prevent Insomnia, Increasing Disposable Income Of The Consumers In Developing Economies.

AMBE PHYTOEXTRACTS PRIVATE LIMITED (India), AROMAAZ INTERNATIONAL (India), AVA PLANT CO., LTD.(Thailand), BO INTERNATIONAL (India), Cn Lab Canada, Asian Group (China), ECUADORIAN RAINFOREST, LLC. (United States), Harry Baba (India), Herblink Biotech Corporation (China), KANTA ENTERPRISES PRIVATE LIMITED (India), KARMOTECH (Bulgaria), KATYANI EXPORTS (India), KOPRULU MAKINA HIRDAVAT INSAAT TARIM GIDA BIYO ENERJI KIMYA SANAYI VE TICARET LIMITED SIRKETI (Turkey), LALA JAGDISH PRASAD & CO. (India), NGAI TIN ENTERPRISE - CHELSEA (Macau), NUVARIA INGREDIENTS (United States), Organic Herb Inc. (China), PRAVEEN AROMA PVT LTD (India) are the major operating companies profiled in Frankincense Oil market study.

Research paper of Global Frankincense Oil Market shows that companies are making better progress than their supply chain peers –including suppliers, majorly in end-use applications such as Aromatherapy, Cosmetics, Pharmaceuticals, Fragrance, Personal care.

The Global Frankincense Oil Market Study is segmented by Essential, Therapeutic, Pure, Organic, Blended.

The Global Frankincense Oil Market Study includes regional breakdown as North America, LATAM, West Europe,Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA

Historical Year: 2019 - Base year: 2023. Forecast period**: 2025 to 2031 [** unless otherwise stated]

Frankincense is an oleogum-resin, which is also called olibanum. The resin is harvested from several Boswellia species within the Burseraceae family. Increasing demand for frankincense oil in the pharmaceutical industry is expected to act as a major driving agent in market growth. According to CBI (ministry of foreign affairs), the consistent growth in the demand of frankincense in European countries. Moreover, in the European market, frankincense extracts have great potential in health products aimed at healthy joints. However, supplies of this wild-collected ingredient are decreasing. Therefore, sustainability is key.
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