Boswellia Market to Increase at a CAGR of 4.2% by 2026
Marketing of Boswellia has followed a tangled route over the past decades. The name ‘Indian frankincense’ has played to the advantage of the global market. Selling Boswellia under this name has helped market players attract the attention of several groups of people. Moreover, Indian herbs are considered to serve premium value within medicine and healthcare. Hence, the marketing game of the vendors operating in the Boswellia market has improved in recent times.
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Asian and African folk medicine has been recorded in books and keynote literature. The timeless relevance of folk medicine has aided the growth of the global Boswellia market. Furthermore, the study of chronic health diseases, especially the ones causing inflammation has also driven market demand. It is expected that the use of Boswellia in mainstream medicine would soon become a reality.
Aquanova AG Reveals Key Details about Boswellia Consumption
A recent research conducted by Aquanova AG has found that combination of curcumin and Boswellia can have an anti-inflammatory effect. Despite the known value of Boswellia for preventing inflammation, the research adds new dimensions to this property. It uses Boswellia extracted from the gum of serrata plant found in India. The new research is expected to upturn the prospects of growth within the global market.
Transparency Market Research (TMR), in a key report, assesses that the global Boswellia market shall expand at a steady CAGR of 4.2% during the period between 2018 and 2026. The total value of the global Boswellia market is slated to touch US$119.1 mn by 2026, rising up from a value of US$85.9 mn in 2018.
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Use of Boswellia in Essential Oils
The growing popularity of organic gels and oils has put tremendous pressure on cosmetic manufacturers to meet the overbearing demand. Furthermore, the quest of these manufacturers to meet the highest standards of quality, safety, and effectiveness has added to their responsibilities. In this scenario, Boswellia has come to the rescue of these manufacturers who extensively use this herb for manufacturing essential oils and cosmetic products.
Use of Boswellia in food supplements is also a key consideration from the perspective of market growth. The herb is believed to control asthma attacks, digestive disorders, and joint pain. Such a wide range of utilities is enough to trust the consumption of Boswellia in regulated amounts. It can also help in managing excessive anxiety and stress which has further driven demand within the global market. The growing popularity of herbal medications and personal care products shall invariably generate revenue within the global market.
Some of the prominent vendors operating in the global Boswellia market are Arjuna Natural Health, Nutra Green Biotechnology Co. Ltd., PLT Health Soultions Inc., and S.A Herbal Bioactives LLP.
The review is based on TMR’s report titled, “Boswellia Market (Product Type - Resins, Essential Oils, Extracts; Source - Boswellia Papyrifera, Boswellia Sacra, Boswellia Serrata, Boswellia Cartetii, Others; Application - Joint Health, Stress/Anxiety Relief, Anti-inflammation, Asthma, Digestive Disorders, Incense, Others; End Use - Food Supplements, Herbal Medicinal Products, Aromatherapy, Personal Care Products, Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026”.
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