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Global Olibanum Gum Market Report By Type (Tigraye, Ogaden, Borena), By Application (Perfume, Incense, Soap, Insecticide, Confectionary, Other) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2020-2027
ID:VMR11216797
December 2021
Report Formats:
The global demand for Olibanum Gum Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period 2021 - 2027.
Olibanum Gum is a dried, sticky exudation derived from numerous Burseraceae tree species. It is also known as Frankincense. Olibanum gum is an aromatic resin used in incense and perfumes. Gum Olibanum comes in tiny tears or lumps that are white-yellowish or yellow-reddish and have a faint fragrance. It is available in various characteristics ranging from dust to siftings, pea-size to tears. Olibanum gum is edible and is used in traditional African and Asian medicines for digestion and skin health.
Market Dynamics
The global olibanum gum market has shown rapid growth in recent years, owing to increased demand from the flavour and fragrance industry. Rising demand for natural gums is one of the critical factors to drive the market over the projected period. Expanding the application scope of olibanum gum in a wide range of industrial uses such as beverages, candies, pharmaceuticals, chewing gums, confectionery, dairy products, canned vegetables, and gelatin is anticipated to contribute to the market growth. Because of its distinct aroma, olibanum gum is expected to grow in popularity. Furthermore, it is employed as a burning incense in religious events, which is expected to impact market growth positively. Additionally, the rising demand for thickeners, stabilizers, emulsifiers, and fixatives in the food industry is expected to boost market growth.
The research 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 an inclusive assessment of each segment in the global market of olibanum gum. The growth and trends of olibanum gum industry provide a holistic approach to this study.
Market Segmentation
This section of the olibanum gum market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
By Application
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Olibanum Gum market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Olibanum Gum 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 olibanum gum market include Alfarid, East African Gum Trading, Babulal Sarabhai, Penn Herb, HPI Gums, Madina Industrial. This section consists of 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.
METHODOLOGY:
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.
Olibanum Gum is a dried, sticky exudation derived from numerous Burseraceae tree species. It is also known as Frankincense. Olibanum gum is an aromatic resin used in incense and perfumes. Gum Olibanum comes in tiny tears or lumps that are white-yellowish or yellow-reddish and have a faint fragrance. It is available in various characteristics ranging from dust to siftings, pea-size to tears. Olibanum gum is edible and is used in traditional African and Asian medicines for digestion and skin health.
Market Dynamics
The global olibanum gum market has shown rapid growth in recent years, owing to increased demand from the flavour and fragrance industry. Rising demand for natural gums is one of the critical factors to drive the market over the projected period. Expanding the application scope of olibanum gum in a wide range of industrial uses such as beverages, candies, pharmaceuticals, chewing gums, confectionery, dairy products, canned vegetables, and gelatin is anticipated to contribute to the market growth. Because of its distinct aroma, olibanum gum is expected to grow in popularity. Furthermore, it is employed as a burning incense in religious events, which is expected to impact market growth positively. Additionally, the rising demand for thickeners, stabilizers, emulsifiers, and fixatives in the food industry is expected to boost market growth.
The research 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 an inclusive assessment of each segment in the global market of olibanum gum. The growth and trends of olibanum gum industry provide a holistic approach to this study.
Market Segmentation
This section of the olibanum gum market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Tigraye
- Ogaden
- Borena
By Application
- Perfume
- Incense
- Soap
- Insecticide
- Confectionary
- Other
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Olibanum Gum market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Olibanum Gum 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 olibanum gum market include Alfarid, East African Gum Trading, Babulal Sarabhai, Penn Herb, HPI Gums, Madina Industrial. This section consists of 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.
METHODOLOGY:
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . OLIBANUM GUM – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Type
3.7.2 By Application
3.7.3 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL OLIBANUM GUM MARKET ANALYSIS BY TYPE
6.1 Overview by Type
6.2 Historical and Forecast Data
6.3 Analysis by Type
6.4 Tigraye Market by Regions
6.6 Ogaden Market by Regions
6.5 Borena Market by Regions
7 . GLOBAL OLIBANUM GUM MARKET ANALYSIS BY APPLICATION
7.1 Overview by Application
7.2 Historical and Forecast Data
7.3 Analysis by Application
7.4 Perfume Market by Regions
7.5 Incense Market by Regions
7.6 Soap Market by Regions
7.7 Insecticide Market by Regions
7.8 Confectionary Market by Regions
7.9 Other Market by Regions
8 . GLOBAL OLIBANUM GUM MARKET ANALYSIS BY GEOGRAPHY
8.1. Regional Outlook
8.2. Introduction
8.3. North America
8.3.1. Overview, Historic and Forecast Data
8.3.2. North America By Segment
8.3.3. North America By Country
8.3.4. United State
8.3.5. Canada
8.3.6. Mexico
8.4. Europe
8.4.1. Overview, Historic and Forecast Data
8.4.2. Europe by Segment
8.4.3. Europe by Country
8.4.4. United Kingdom
8.4.5. France
8.4.6. Germany
8.4.7. Italy
8.4.8. Russia
8.4.9. Rest Of Europe
8.5. Asia Pacific
8.5.1. Overview, Historic and Forecast Data
8.5.2. Asia Pacific by Segment
8.5.3. Asia Pacific by Country
8.5.4. China
8.5.5. India
8.5.6. Japan
8.5.7. South Korea
8.5.8. Australia
8.5.9. Rest Of Asia Pacific
8.6. Latin America
8.6.1. Overview, Historic and Forecast Data
8.6.2. Latin America by Segment
8.6.3. Latin America by Country
8.6.4. Brazil
8.6.5. Argentina
8.6.6. Peru
8.6.7. Chile
8.6.8. Rest of Latin America
8.7. Middle East & Africa
8.7.1. Overview, Historic and Forecast Data
8.7.2. Middle East & Africa by Segment
8.7.3. Middle East & Africa by Country
8.7.4. Saudi Arabia
8.7.5. UAE
8.7.6. Israel
8.7.7. South Africa
8.7.8. Rest Of Middle East And Africa
9 . COMPETITIVE LANDSCAPE OF THE OLIBANUM GUM COMPANIES
9.1. Olibanum Gum Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments
10 . COMPANY PROFILES OF OLIBANUM GUM INDUSTRY
10.1. Company Share Analysis
10.2. Market Concentration Rate
10.3. Alfarid
10.3.1. Company Overview
10.3.2. Financials
10.3.3. Products
10.3.4. Recent Developments
10.4. East African Gum Trading
10.4.1. Company Overview
10.4.2. Financials
10.4.3. Products
10.4.4. Recent Developments
10.5. Babulal Sarabhai
10.5.1. Company Overview
10.5.2. Financials
10.5.3. Products
10.5.4. Recent Developments
10.6. Penn Herb
10.6.1. Company Overview
10.6.2. Financials
10.6.3. Products
10.6.4. Recent Developments
10.7. HPI Gums
10.7.1. Company Overview
10.7.2. Financials
10.7.3. Products
10.7.4. Recent Developments
10.8. Madina Industrial
10.8.1. Company Overview
10.8.2. Financials
10.8.3. Products
10.8.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Type (USD MN)
- Tigraye Market by Geography (USD MN)
- Ogaden Market by Geography (USD MN)
- Borena Market by Geography (USD MN)
- Analysis Market by Application (USD MN)
- Perfume Market by Geography (USD MN)
- Incense Market by Geography (USD MN)
- Soap Market by Geography (USD MN)
- Insecticide Market by Geography (USD MN)
- Confectionary Market by Geography (USD MN)
- Other Market by Geography (USD MN)
- Global Olibanum Gum Market by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Olibanum Gum Report
- Market Research Process
- Market Research Methodology
- Global Olibanum Gum Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Type
- Market Attractiveness Analysis by Application
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Type (USD MN)
- Tigraye Market by Geography (USD MN)
- Ogaden Market by Geography (USD MN)
- Borena Market by Geography (USD MN)
- Global Market Analysis by Application (USD MN)
- Perfume Market by Geography (USD MN)
- Incense Market by Geography (USD MN)
- Soap Market by Geography (USD MN)
- Insecticide Market by Geography (USD MN)
- Confectionary Market by Geography (USD MN)
- Other Market by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Company Market Share Analysis, 2020
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments