Global Frankincense Essential Oil Market Infographics Description:
- The Global Frankincense Essential Oil Market is estimated at US$ 222.8 in 2020.
- Worldwide, the Frankincense Essential Oil Market is projected to reach US$ 406.1 Mn in 2030 at a CAGR of 7.7% from 2021 to 2030.
- Amongst grade type, >95% segment in the global frankincense essential oil market is estimated to account for a majority revenue share of 53.2% % in 2020.
- Among applications, the cosmetics segment is expected to register the highest CAGR of over 8.4%, followed by the drug formula segment.
- Europe market is expected to dominate the global frankincense essential oil market and is expected to account for the largest market revenue share than other regions.
- Companies profiled in the report are Ambe Phytoextracts Private Limited, Aromaaz International, Katyani Exports, Lala Jagdish Prasad & Company, Kanta Enterprises Private Limited, BO International, Shaanxi Orient Industrial Co., Ltd, Xian Fengzu Biotechnology Co., Ltd, doTERRA International, Rocky Mountain Oils.