Global frankincense extracts market is expected to grow with a Healthy CAGR over the forecast period from 2018-2024

LONDON, March 12, 2019 /PRNewswire/ -- The report on the global frankincense extracts market provides qualitative and quantitative analysis for the period from 2016 to 2024.

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The report predicts the global frankincense extracts market to grow with a Healthy CAGR over the forecast period from 2018-2024. The study on frankincense extracts market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2016 to 2024.

The report on frankincense extracts market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global frankincense extracts market over the period of 2016 to 2024. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global frankincense extracts market over the period of 2016 to 2024. Further, IGR- Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

Report Findings
1) Drivers
• The growing use of frankincense extracts in the pharmaceuticals sector
• Expanding the use of frankincense extracts due to its beneficial properties such as antibacterial, antioxidant and anti-inflammatory
• The increasing use of frankincense extracts in aromatherapy to relieve stress and anxiety
2) Restraints
• Frankincense may cause gastrointestinal distress such as stomach pain, nausea, and hyperacidity
3) Opportunities
• Product innovation by major players

Research Methodology

A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from the industry

Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered
The global frankincense extracts market is segmented on the basis of product type, and application.

The Global Frankincense Extracts Market by Product Type
• Cosmetics Grade
• Pharmaceutical Grade
• Others

The Global Frankincense Extracts Market by Application
• Skincare
• Oral Care
• Medicine
• Incense and Perfumes
• Aromatherapy

Company Profiles
• AOS Products Private Limited
• De Monchy Aromatics
• Phyto Life Sciences P. Ltd.
• TriVita, Inc.
• Edens Garden
• Fabulous Frannie

What does this report deliver?
1. Comprehensive analysis of the global as well as regional markets of the frankincense extracts market.
2. Complete coverage of all the segments in the frankincense extracts market to analyze the trends, developments in the global market and forecast of market size up to 2024.
3. Comprehensive analysis of the companies operating in the global frankincense extracts market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

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