The use of ancient lines of medical treatment in India and China hasplayed a vital role in the growth of the global boswellia market. The use of Boswelliafor developing medications has remained finely enrooted in the customs andtraditions of south Asian regions. Furthermore, the easy availability of thisherbal extract has also played to the advantage of the global market. It isworthwhile to note that the medical fraternity is finding solace in reinventingand repackaging ancient modes of healing. Several medical practitioners claimthat Boswellia has a high nutritional value, and can be used as a healthy sidewith foods. Moreover, the proven effectiveness of Boswellia in curinginflammatory disorders and illnesses has also driven market demand.
Marketing of Boswellia has followed a tangled route over the pastdecades. The name ‘Indian frankincense’ has played to the advantage of theglobal market. Selling Boswellia under this name has helped market playersattract the attention of several groups of people. Moreover, Indian herbs areconsidered to serve premium value within medicine and healthcare. Hence, themarketing game of the vendors operating in the Boswellia market has improved inrecent times.
Asian and African folk medicine has been recorded in books and keynoteliterature. The timeless relevance of folk medicine has aided the growth of theglobal Boswellia market. Furthermore, the study of chronic health diseases,especially the ones causing inflammation has also driven market demand. It isexpected that the use of Boswellia in mainstream medicine would soon become areality.
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Aquanova AG Reveals Key Details about BoswelliaConsumption
A recent research conducted by Aquanova AG has found that combination ofcurcumin and Boswellia can have an anti-inflammatory effect. Despite the knownvalue of Boswellia for preventing inflammation, the research adds newdimensions to this property. It uses Boswellia extracted from the gum ofserrata plant found in India. The new research is expected to upturn theprospects of growth within the global market.
Transparency Market Research (TMR), in a key report, assesses that theglobal Boswellia market shall expand at a steady CAGR of 4.2% during the periodbetween 2018 and 2026. The total value of the global Boswellia market is slatedto 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 pressureon cosmetic manufacturers to meet the overbearing demand. Furthermore, thequest 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 usethis herb for manufacturing essential oils and cosmetic products.
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Use of Boswellia in food supplements is also a key consideration fromthe perspective of market growth. The herb is believed to control asthmaattacks, digestive disorders, and joint pain. Such a wide range of utilities isenough to trust the consumption of Boswellia in regulated amounts. It can alsohelp in managing excessive anxiety and stress which has further driven demandwithin the global market. The growing popularity of herbal medications andpersonal care products shall invariably generate revenue within the globalmarket.
Some of the prominent vendors operating in the global Boswellia marketare Arjuna Natural Health, Nutra Green Biotechnology Co. Ltd., PLT HealthSoultions Inc., and S.A Herbal Bioactives LLP.
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