The global demand for Boswellia Serrata Extract Market is presumed to reach the valuation of nearlyUSD XX MN by 2027 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2020-2027.
Boswellia serrata extract is an herb extracted from a moderate to large size branch tree of Burseraceae family. It grows in the dry mountainous region. Oleo-gum-resin is tapped from the trunk of the tree and later stored in a specially made bamboo basket for removal of oil content and to get solidified. Sequentially, gum resin is graded as per its flavor, color, shape, and size. Boswellia serrata extract is an effective anti-inflammatory, it can be an effective painkiller and may prevent the loss of cartilage. Additionally, it is available in the form of resin, pill or cream.
The increasing adoption in the pharmaceutical industry owing to its health benefits like anti-inflammatory properties is driving the market growth. Various applications in industries including food, beverage, cosmetics, spa treatment, and aromatherapy are again fuelling market growth. In addition to this, increasing usage among health-conscious consumers is further fuelling market growth. Furthermore, the expansion of global retail chains along with increasing product lines and product portfolio is expected to offer an opportunity over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of boswellia serrata extract.
The entire boswellia serrata extract market has been sub-categorized into product type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product Type
- Food Industry
- Pharmaceuticals Industry
This section covers regional segmentation which accentuates on current and future demand for boswellia serrata extract market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Boswellia Serrata Extract Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the boswellia serrata extract market include Health Genesis, Herbasian industries Pakistan, Organic Herb, Visterra, Wuhan Vanz Pharm, Xian Longze Biotechnology, Xi'an Lyphar Biotech and Xi'an SR Bio-Engineering. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.