Frankincense Extracts Market Emerging Trend, Advancement, Growth and Business Opportunities | De Monchy Aromatics Limited, AOS Products Private Limited, TriVita, Inc.

Frankincense, also known as olibanum, is derived from trees of the genus Boswellia, which belongs to the Burseraceae family and is widely used in perfumes and incense. These trees, which are native to northern Somalia, South Yemen, Ethiopia, and Oman, produce resin.The global pharmaceutical market is expected to reach around US$ 1,430 billion by 2020, according to the International Federation of Pharmaceutical Manufacturers and Association. However, researchers from Ethiopia and the Netherlands discovered that the Boswellia tree, which produces frankincense, is declining as a result of overgrazing, fire, and beetle attack, which is affecting market growth.

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Companies Covered as part of this study include: De Monchy Aromatics Limited, AOS Products Private Limited, TriVita, Inc., Edens Garden Inc., Prime Natural Beauty, and Phyto Life Sciences P. Ltd. among others...
 
Market Analysis

Over the forecast period, Asia Pacific is expected to dominate the global market. This is due to the region's steadily growing cosmetics and personal care industry. Japan is one of the world's largest markets for personal care products. According to the International Trade Administration (ITA), Japan's cosmetics sector was worth US$ 13,208 in 2015, and per capita spending on personal care and cosmetic products was US$ 174 in 2014. However, as the number of trees declines due to insect attacks and fire, the price of frankincense extracts rises. This is having a negative impact on the growth of the frankincense extracts market.

The following are the study's key features:

This report analyses frankincense extracts in depth and provides market size (US$ Mn and Kilotons (KT)) and compound annual growth rate (CAGR percent) for the forecast period (2018–2025), using 2017 as the base year.
It explains the attractive investment proposition matrix for this market and elucidates potential revenue opportunities across various segments.
This study also provides key insights into market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy employed by the market's leading players.

Report Purchase Motives:
• The paper examines how Frankincense Extracts is expected to grow in the future.
• Examine various perspectives on the Frankincense Extracts using Porter's five forces analysis.
• The product type expected to dominate the Frankincense Extracts market, as well as the regions expected to grow the fastest over the forecast period, are investigated.
• Recognize the new advancements, Frankincense Extracts shares, and policies of the leading market participants.
• Over the last five years, the competitive landscape has included the Frankincense Extracts share of significant firms as well as important development policies.
• Comprehensive company profiles that include the product offerings of the major Frankincense Extracts players, critical financial information, current advancements, SWOT analysis, and strategies.
 
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