Boswellia Market Top Competitors are Alpspure Lifesciences Private Limited., NOW Foods, Jayshreenath Herbals and others
Global Boswellia market is growing at a steady CAGR of 4.0% during the forecast period of 2019 to 2026 due to increasing demand of natural ingredients from geriatric population for joint health supplements. Global Boswellia Market By 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), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast
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Few of the major competitors currently working in the global boswellia market are Sabinsa, Arjuna Natural Pvt Ltd, PLT Health Solutions, Alchem International Pvt. Ltd., Nutra Green Biotechnology Co., Ltd., Gurjar Phytochem Pvt. Ltd., S.A. Herbal Bioactives LLP, Alpspure Lifesciences Private Limited., NOW Foods, Jayshreenath Herbals, Venkatesh Naturals, Herbal Creations, Ambe Ns Agro Product Pvt Ltd, MANUS AKTTEVA, Marven Bio Chem among others.
Market Drivers:
- Increasing demand for herbal medicine helps to fuel the market growth
- Growing demand for natural ingredients in personal care products will help to boost the market
- Increasing demand of natural ingredients from geriatric population for joint health supplements helps to propel the market growth
- Rising application in cosmetic industry is driving the growth of the market
Market Restraints:
- High cost of product is likely to hinder the market growth
Global Boswellia Market Segmentation:
By Type
- Resins
- Essential Oils
- Extracts
By Source
- Boswellia Papyrifera
- Boswellia Sacra
- Boswellia Serrata
- Boswellia Cartetii
- Others
By Application
- Joint Health
- Stress/Anxiety Relief
- Anti-inflammation
- Asthma
- Digestive Disorders
- Incense
- Others
By End Use
- Food Supplements
- Herbal Medicinal Products
- Aromatherapy
- Personal Care Products
- Others
By Geography
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Global boswellia market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of boswellia market for Global, Europe, North America, Asia-Pacific and South America.
Key Developments in the Market:
- In December 2016, Curegarden launched the natural pain relieving balm which uses the Boswellia Serrata formulation. This balm includes the powerful extract of Boswellia Serrata, mixed with Boswellia’s essential oil to relieve pain and inflammation in order to avoid further joint injury. With its distinctive inhibitory action of lipo oxygenase (LOX), Boswellia not only relieves pain, but also arrests the underlying inflammation to prevent further damage to the joint.
- In March 2016, PLT Health Solutions, Inc. has launched AquaLOX, which is a water-soluble version of their best-selling 5-LOXIN for joint health support. This product contains Boswellia serrata extract. This product is clinically proved as a solution for joint comfort and protect against cartilage degradation. This development helps the company to cater the increasing market demand of Boswellia extracts.
Table of Content global boswellia market
Chapter 1, Definition, Specifications and Classification of global boswellia market, Applications, Market Segment by Regions;
Chapter 2, Manufacturing Cost Structure, Raw Material and Suppliers, Manufacturing Process, Industry Chain Structure;
Chapter 3, Technical Data and Manufacturing Plants Analysis of global boswellia market, Capacity and Commercial Production Date, Manufacturing Plants Distribution, R&D Status and Technology Source, Raw Materials Sources Analysis;
Chapter 4, Overall Market Analysis, Capacity Analysis (Company Segment), Sales Analysis (Company Segment), Sales Price Analysis (Company Segment);
Chapter 5 and 6, Regional Market Analysis that includes United States, China, Europe, Japan, Korea & Taiwan, global boswellia market Analysis (by Type);
Chapter 7 and 8, global boswellia market Analysis (by Application) Major Manufacturers Analysis;
Chapter 9, Market Trend Analysis, Regional Market Trend, Market Trend by Product Type, Market Trend by Application Residential, Commercial, Industrial;
Chapter 10, Regional Marketing Type Analysis, International Trade Type Analysis, Supply Chain Analysis;
Chapter 11, The Consumers Analysis of global boswellia market;
Chapter 12, Market Research Findings and Conclusion, Appendix, methodology and data source;
Chapter 13, 14 and 15, channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source
Key Competitive Facts
The market is highly competitive with all the players competing to gain the market share. Intense competition, rapid advancements in technology, frequent changes in government policies, and the prices are key factors that confront the market.
The requirement of high initial investment, implementation, and maintenance cost in the market are also limiting the entry of new players.
Responding to competitive pricing pressures specific to each of our geographic markets
Protection of proprietary technology for products and manufacturing processes
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