The global Frankincense Extract market size was valued at US$ 287 million in 2024 and is forecast to a readjusted size of USD 456 million by 2031 with a CAGR of 6.9% during review period.
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 is a detailed and comprehensive analysis for global Frankincense Extract market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Frankincense Extract market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Frankincense Extract market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Frankincense Extract market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Frankincense Extract market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Frankincense Extract
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Frankincense Extract market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include AMeO, De Monchy Aromatics, DoTERRA, AOS Products Private Limited, Nature's Sunshine Products, TriVita, Edens Garden, Radha Beauty, Majestic Pure, Prime Natural, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
麻豆原创 Segmentation
Frankincense Extract market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
麻豆原创 segment by Type
Pharmaceutical Grade
Cosmetic Grade
Other
麻豆原创 segment by Application
Medicine
Skin care
Oral Care
Major players covered
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
麻豆原创 segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Frankincense Extract product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Frankincense Extract, with price, sales quantity, revenue, and global market share of Frankincense Extract from 2020 to 2025.
Chapter 3, the Frankincense Extract competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Frankincense Extract breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Frankincense Extract market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Frankincense Extract.
Chapter 14 and 15, to describe Frankincense Extract sales channel, distributors, customers, research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 麻豆原创 Overview
1.1 Product Overview and Scope
1.2 麻豆原创 Estimation Caveats and Base Year
1.3 麻豆原创 Analysis by Type
1.3.1 Overview: Global Frankincense Extract Consumption Value by Type: 2020 Versus 2024 Versus 2031
1.3.2 Pharmaceutical Grade
1.3.3 Cosmetic Grade
1.3.4 Other
1.4 麻豆原创 Analysis by Application
1.4.1 Overview: Global Frankincense Extract Consumption Value by Application: 2020 Versus 2024 Versus 2031
1.4.2 Medicine
1.4.3 Skin care
1.4.4 Oral Care
1.5 Global Frankincense Extract 麻豆原创 Size & Forecast
1.5.1 Global Frankincense Extract Consumption Value (2020 & 2024 & 2031)
1.5.2 Global Frankincense Extract Sales Quantity (2020-2031)
1.5.3 Global Frankincense Extract Average Price (2020-2031)
2 Manufacturers Profiles
2.1 AMeO
2.1.1 AMeO Details
2.1.2 AMeO Major Business
2.1.3 AMeO Frankincense Extract Product and Services
2.1.4 AMeO Frankincense Extract Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.1.5 AMeO Recent Developments/Updates
2.2 De Monchy Aromatics
2.2.1 De Monchy Aromatics Details
2.2.2 De Monchy Aromatics Major Business
2.2.3 De Monchy Aromatics Frankincense Extract Product and Services
2.2.4 De Monchy Aromatics Frankincense Extract Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.2.5 De Monchy Aromatics Recent Developments/Updates
2.3 DoTERRA
2.3.1 DoTERRA Details
2.3.2 DoTERRA Major Business
2.3.3 DoTERRA Frankincense Extract Product and Services
2.3.4 DoTERRA Frankincense Extract Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.3.5 DoTERRA Recent Developments/Updates
2.4 AOS Products Private Limited
2.4.1 AOS Products Private Limited Details
2.4.2 AOS Products Private Limited Major Business
2.4.3 AOS Products Private Limited Frankincense Extract Product and Services
2.4.4 AOS Products Private Limited Frankincense Extract Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.4.5 AOS Products Private Limited Recent Developments/Updates
2.5 Nature's Sunshine Products
2.5.1 Nature's Sunshine Products Details
2.5.2 Nature's Sunshine Products Major Business
2.5.3 Nature's Sunshine Products Frankincense Extract Product and Services
2.5.4 Nature's Sunshine Products Frankincense Extract Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.5.5 Nature's Sunshine Products Recent Developments/Updates
2.6 TriVita
2.6.1 TriVita Details
2.6.2 TriVita Major Business
2.6.3 TriVita Frankincense Extract Product and Services
2.6.4 TriVita Frankincense Extract Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.6.5 TriVita Recent Developments/Updates
2.7 Edens Garden
2.7.1 Edens Garden Details
2.7.2 Edens Garden Major Business
2.7.3 Edens Garden Frankincense Extract Product and Services
2.7.4 Edens Garden Frankincense Extract Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.7.5 Edens Garden Recent Developments/Updates
2.8 Radha Beauty
2.8.1 Radha Beauty Details
2.8.2 Radha Beauty Major Business
2.8.3 Radha Beauty Frankincense Extract Product and Services
2.8.4 Radha Beauty Frankincense Extract Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.8.5 Radha Beauty Recent Developments/Updates
2.9 Majestic Pure
2.9.1 Majestic Pure Details
2.9.2 Majestic Pure Major Business
2.9.3 Majestic Pure Frankincense Extract Product and Services
2.9.4 Majestic Pure Frankincense Extract Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.9.5 Majestic Pure Recent Developments/Updates
2.10 Prime Natural
2.10.1 Prime Natural Details
2.10.2 Prime Natural Major Business
2.10.3 Prime Natural Frankincense Extract Product and Services
2.10.4 Prime Natural Frankincense Extract Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.10.5 Prime Natural Recent Developments/Updates
2.11 Mountain Rose Herbs
2.11.1 Mountain Rose Herbs Details
2.11.2 Mountain Rose Herbs Major Business
2.11.3 Mountain Rose Herbs Frankincense Extract Product and Services
2.11.4 Mountain Rose Herbs Frankincense Extract Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.11.5 Mountain Rose Herbs Recent Developments/Updates
2.12 Fabulous Frannie
2.12.1 Fabulous Frannie Details
2.12.2 Fabulous Frannie Major Business
2.12.3 Fabulous Frannie Frankincense Extract Product and Services
2.12.4 Fabulous Frannie Frankincense Extract Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.12.5 Fabulous Frannie Recent Developments/Updates
3 Competitive Environment: Frankincense Extract by Manufacturer
3.1 Global Frankincense Extract Sales Quantity by Manufacturer (2020-2025)
3.2 Global Frankincense Extract Revenue by Manufacturer (2020-2025)
3.3 Global Frankincense Extract Average Price by Manufacturer (2020-2025)
3.4 麻豆原创 Share Analysis (2024)
3.4.1 Producer Shipments of Frankincense Extract by Manufacturer Revenue ($MM) and 麻豆原创 Share (%): 2024
3.4.2 Top 3 Frankincense Extract Manufacturer 麻豆原创 Share in 2024
3.4.3 Top 6 Frankincense Extract Manufacturer 麻豆原创 Share in 2024
3.5 Frankincense Extract 麻豆原创: Overall Company Footprint Analysis
3.5.1 Frankincense Extract 麻豆原创: Region Footprint
3.5.2 Frankincense Extract 麻豆原创: Company Product Type Footprint
3.5.3 Frankincense Extract 麻豆原创: Company Product Application Footprint
3.6 New 麻豆原创 Entrants and Barriers to 麻豆原创 Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Frankincense Extract 麻豆原创 Size by Region
4.1.1 Global Frankincense Extract Sales Quantity by Region (2020-2031)
4.1.2 Global Frankincense Extract Consumption Value by Region (2020-2031)
4.1.3 Global Frankincense Extract Average Price by Region (2020-2031)
4.2 North America Frankincense Extract Consumption Value (2020-2031)
4.3 Europe Frankincense Extract Consumption Value (2020-2031)
4.4 Asia-Pacific Frankincense Extract Consumption Value (2020-2031)
4.5 South America Frankincense Extract Consumption Value (2020-2031)
4.6 Middle East & Africa Frankincense Extract Consumption Value (2020-2031)
5 麻豆原创 Segment by Type
5.1 Global Frankincense Extract Sales Quantity by Type (2020-2031)
5.2 Global Frankincense Extract Consumption Value by Type (2020-2031)
5.3 Global Frankincense Extract Average Price by Type (2020-2031)
6 麻豆原创 Segment by Application
6.1 Global Frankincense Extract Sales Quantity by Application (2020-2031)
6.2 Global Frankincense Extract Consumption Value by Application (2020-2031)
6.3 Global Frankincense Extract Average Price by Application (2020-2031)
7 North America
7.1 North America Frankincense Extract Sales Quantity by Type (2020-2031)
7.2 North America Frankincense Extract Sales Quantity by Application (2020-2031)
7.3 North America Frankincense Extract 麻豆原创 Size by Country
7.3.1 North America Frankincense Extract Sales Quantity by Country (2020-2031)
7.3.2 North America Frankincense Extract Consumption Value by Country (2020-2031)
7.3.3 United States 麻豆原创 Size and Forecast (2020-2031)
7.3.4 Canada 麻豆原创 Size and Forecast (2020-2031)
7.3.5 Mexico 麻豆原创 Size and Forecast (2020-2031)
8 Europe
8.1 Europe Frankincense Extract Sales Quantity by Type (2020-2031)
8.2 Europe Frankincense Extract Sales Quantity by Application (2020-2031)
8.3 Europe Frankincense Extract 麻豆原创 Size by Country
8.3.1 Europe Frankincense Extract Sales Quantity by Country (2020-2031)
8.3.2 Europe Frankincense Extract Consumption Value by Country (2020-2031)
8.3.3 Germany 麻豆原创 Size and Forecast (2020-2031)
8.3.4 France 麻豆原创 Size and Forecast (2020-2031)
8.3.5 United Kingdom 麻豆原创 Size and Forecast (2020-2031)
8.3.6 Russia 麻豆原创 Size and Forecast (2020-2031)
8.3.7 Italy 麻豆原创 Size and Forecast (2020-2031)
9 Asia-Pacific
9.1 Asia-Pacific Frankincense Extract Sales Quantity by Type (2020-2031)
9.2 Asia-Pacific Frankincense Extract Sales Quantity by Application (2020-2031)
9.3 Asia-Pacific Frankincense Extract 麻豆原创 Size by Region
9.3.1 Asia-Pacific Frankincense Extract Sales Quantity by Region (2020-2031)
9.3.2 Asia-Pacific Frankincense Extract Consumption Value by Region (2020-2031)
9.3.3 China 麻豆原创 Size and Forecast (2020-2031)
9.3.4 Japan 麻豆原创 Size and Forecast (2020-2031)
9.3.5 South Korea 麻豆原创 Size and Forecast (2020-2031)
9.3.6 India 麻豆原创 Size and Forecast (2020-2031)
9.3.7 Southeast Asia 麻豆原创 Size and Forecast (2020-2031)
9.3.8 Australia 麻豆原创 Size and Forecast (2020-2031)
10 South America
10.1 South America Frankincense Extract Sales Quantity by Type (2020-2031)
10.2 South America Frankincense Extract Sales Quantity by Application (2020-2031)
10.3 South America Frankincense Extract 麻豆原创 Size by Country
10.3.1 South America Frankincense Extract Sales Quantity by Country (2020-2031)
10.3.2 South America Frankincense Extract Consumption Value by Country (2020-2031)
10.3.3 Brazil 麻豆原创 Size and Forecast (2020-2031)
10.3.4 Argentina 麻豆原创 Size and Forecast (2020-2031)
11 Middle East & Africa
11.1 Middle East & Africa Frankincense Extract Sales Quantity by Type (2020-2031)
11.2 Middle East & Africa Frankincense Extract Sales Quantity by Application (2020-2031)
11.3 Middle East & Africa Frankincense Extract 麻豆原创 Size by Country
11.3.1 Middle East & Africa Frankincense Extract Sales Quantity by Country (2020-2031)
11.3.2 Middle East & Africa Frankincense Extract Consumption Value by Country (2020-2031)
11.3.3 Turkey 麻豆原创 Size and Forecast (2020-2031)
11.3.4 Egypt 麻豆原创 Size and Forecast (2020-2031)
11.3.5 Saudi Arabia 麻豆原创 Size and Forecast (2020-2031)
11.3.6 South Africa 麻豆原创 Size and Forecast (2020-2031)
12 麻豆原创 Dynamics
12.1 Frankincense Extract 麻豆原创 Drivers
12.2 Frankincense Extract 麻豆原创 Restraints
12.3 Frankincense Extract Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of Frankincense Extract and Key Manufacturers
13.2 Manufacturing Costs Percentage of Frankincense Extract
13.3 Frankincense Extract Production Process
13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Frankincense Extract Typical Distributors
14.3 Frankincense Extract Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
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
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*If Applicable.