Chemical Research Report Frankincense Extracts Market | Page 4

REPORT DESCRIPTION
According to Centre for the Promotion of Imports (CBI), an agency of the Netherlands Ministry of Foreign
Affairs, Europe is the largest market for essential oils and one of the key markets for aromatherapy. The
aromatherapy market is expected to reach US$ 8 billion by 2026 globally. Furthermore, various players are
focused on launching new products to expand their product portfolio. For instance, in May 2017, Neal’s Yard
Remedies Ltd., launched Frankincense Intense Lift Serum, to help people reduce stress by promoting a sense of
relaxation and wellbeing through the aromatic benefits of frankincense oil and frankincense resin extracts.
In India, the frankincense export was valued at US$ 158.6 thousand and import was valued at US$ 167.7
thousand during 2014-15.
Major Players in the Global Frankincense Extracts Market
Some of the key players operating in the global frankincense extracts market are De Monchy Aromatics Limited,
AOS Products Private Limited, TriVita, Inc., Edens Garden Inc., Prime Natural Beauty, and Phyto Life Sciences P.
Ltd.
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