Boswellia Extract Market Size, Share, Trends and Forecast Analysis (2025-2032)

Boswellia Extract Market size was valued at USD 72.77 Million in 2024 and the total Global Boswellia Extract Market revenue is expected to grow at a CAGR of 4.2% from 2025 to 2032, reaching nearly USD 101.13 Million.
Boswellia Extract Market Overview
Boswellia extract is a natural resin derived from the Boswellia tree, commonly used in traditional Ayurvedic medicine. It is known for its powerful anti -inflammatory and analgesic properties, especially in supporting joint health.

Global Boswellia Extract Market has been experiencing robust growth due to growing consumer preference for natural as well as plant-based remedies, particularly for managing inflammation and joint-related disorders. Boswellia extract derived from the Boswellia serrata tree, is widely used in nutraceuticals, functional foods and pharmaceuticals, anti-inflammatory, analgesic and anti-arthritic properties.

The rising global burden of arthritis and osteoarthritis growing consciousness of Ayurvedic and herbal medicine and increasing demand for clean label, clinically backed dietary supplements. The growing geriatric population and shift toward preventive healthcare create substantial opportunities for Boswellia based products. The nutraceutical segment dominated the market in 2024, owing to the surge in demand for joint support supplements followed by pharmaceuticals. North America held the largest market share in 2024 due to high consumer health consciousness and the strong presence of key players. Major key players shaping the market landscape include Sabinsa Corporation, PLT Health Solutions, Sami-Sabinsa Group, NutriSciences Labs, Arjuna Natural Pvt. Ltd. and Giellepi S.p.A. In e-commerce channels with innovations in distribution forms such as capsules, powders and functional beverages, demand is expected to increase rapidly in e-commerce channels. Strategic companies and clinically proven yogas are estimated to run future market expansion.To know about the Research Methodology :- Request Free Sample Report
Boswellia Extract Market Dynamics:
Health Awareness and Industrial Applications to Drive the Boswellia Extract Market Growth

Increase in community and awareness of health advantages, there is a high demand for the Boswellia extract market in the pharmaceutical industry. The manufacturing & cosmetic industry plays a vital role to boost the Boswellia extract market. There is a high demand for Boswellia extract products in aromatherapy that depletes distress and anxiety, people are tending towards health awareness which is a key booster for driving the Boswellia extract market. Boswellia products also reduce several diseases like skin-related issues, inflammation, nausea, indigestion, joint pain, and allergies. It has a broader application in the food & beverages industry which creates a huge demand for the Boswellia extract market. Most of the Cosmetic & personal care products are also made from Boswellia extract items which create lucrative growth for the market. An increasing number of pharmaceutical manufacturer focuses to target consumers by giving variety to the product. this major factor is the major reason for driving the Boswellia extracts market.

Rising Demand for Natural Remedies to Create an Opportunities in the Boswellia Market

There is a wide usage of Boswellia product in the Ayurveda industry, in which it has various side effects of herbs that include gastrointestinal problems, allergy rashes, cold sore, blister, hives, actinic keratosis, and rosacea which creates major factors for restraining the Boswellia extract market. Growing competition from generic pharmaceuticals, wider consumer expectancies, facing challenges in brand health, and pharmaceutical fraud also affect the growth of the Boswellia extract market.

However, on the other side apart from physical health, cosmetic products in the Boswellia extract market can help to boost mood, enhance appearance, and also help to expose personal style and significant means of social laconism. Most Boswellia products may help with rabble-rousing stipulations such as arthritis, fiery bowel disease, asthma, etc. which creates a huge opportunity for the Boswellia extract market. The Boswellia extract product is safely consumed in doses up to 1000mg daily for up to 6 months as well which also creates a huge benefit for the market. Curing several diseases is also creating lucrative growth and major opportunities for the Boswellia extract market.

Health Risks and Drug Interactions to Impact of the Boswellia Extract Market Growth

Boswellia is an ingenuous extract, however, it can tranquil side effects, and it may give rise to digestive side effects, acid hypoglycaemia, dysentery, and others. When using Boswellia some people is encountering skin rashes if they exert it directly to the skin. Boswellia can also port with the different activity of certain drugs which also includes carbamazepine medicines. These major factors are creating a major challenging factor for the Boswellia extract market.
Boswellia Extract Market Segment Analysis:
Based on by Form, the market is segmented as powder and liquid. The powder segment of Boswellia extract is expected to dominate the market during the forecast period. Due to the changing lifestyle preference of people is tending towards the powder segment. Biotic Boswellia extract powder consumes a supplement with 68% boswellic acid. With the help of boswellic powder, it supports joints, knees, bones, and pet-friendly products in the Indian region. The major reason for dominating the powder segment is that it is an essential anti-inflammatory, can be used as a pain killer, and also cure the disease of cartilage.

However, the liquid segment is expected to grow at a CAGR of xx% during the forecast period. There is technological advancement in this segment which is considered to be the shelf life of the Boswellia extract product. The liquid segment comes with a variety of range of packaging options that generally attract the consumer effectively. The Boswellia liquid is more costly as compared to Boswellia powder and less preferable in the market.

Based on Application, the market is segmented as Pharmaceuticals, Food & Beverages, Aromatherapy, and Others. The food & beverage segment is expected to dominate the market during the forecast period. An increase in demand for Boswellia products in the food & beverage industry is driving the market. Consumption of various Boswellia foods may increase the human's immune system and it can have lymphocytes and T-cells inside the body. Boswellia extract food is nutritious to the human body and also helps to prevent heart disease, cancer, diabetes, etc. Boswellia is generally known for herbal food which consists of lower sugar levels and also improves brain function. The major factor for driving the Boswellia food is that it may help to decrease blood clots disease and anti-carcinoma resources.

However, the pharmaceutical industry is expected to grow at a CAGR of xx% during the forecast period. It is possibly effective for Osteoarthritis, Ulcerative colitis. 78% of people can induce disease suspension from ulcerative colitis. Apart from this, it is also helpful for skin damage caused by radiation therapy. 2% Boswellia extract found when applying for skin cream during radiation treatment. Boswellia is possibly safe for using it as medicine. Although Boswellia in aromatherapy manages pain, improve sleep quality, soothe sore joints, and also fight for various bacteria and viruses. Boswellia is also known for holistic healing treatments in which aromatherapy is used to promote health benefits.
Boswellia Extract Market Regional Insights:
The North American region is expected to dominate the Boswellia extract market during the forecast period. This region has a higher consumer base in terms of the food industry. The increase in awareness of health-conscious people is growing rapidly. The demand for nutritious food gives immense growth for the Boswellia extract market. U.S and Canada are considered as highest consumption of Boswellia products. This product also gives a variety of Flavors to attract the consumer sub-sequentially. Most of the bakery items are majorly used such as biscuits, pastries, cookies in the North American region. In terms of revenue, Canada held the largest market share of Boswellia products. The cosmetic and personal care products also help to boost the market in this region.

However, the Asia Pacific region is expected to grow at a CAGR of xx% during the forecast period. Growing disposable income and increase in demand of pharmaceutical industry help to boost the market. India, China, and japan consist of the highest market share of the market. The high demand for the pharmaceutical drug is driving the market consistently in this region.

The objective of the report is to present a comprehensive analysis of the Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

Boswellia Extract Market Competitive Landscape

Major key players like Sabinsa Corporation, PLT Health Solutions, and NutraScience Labs form backbone of the Boswellia extract market. Sabinsa Corporation holds a leading place with estimated 15% global market share largely due to proprietary Boswellin extract extensive R&D abilities and over 100 patents related to ayurvedic formulations. The company leverages its pharmaceutical grade manufacturing and global distribution to maintain dominance. PLT Health Solutions captures approximately 10–12% market share, recognized for its clinically validated product AprèsFlex, which is known for rapid joint pain relief and bioavailability. The firm focuses heavily on science-backed claims and strategic partnerships with Indian suppliers. Nutra Science Labs commands an estimated 6–8% share, offering private label Boswellia products and targeting fast-growing markets like e-commerce and direct-to-consumer brands. The company excels in formulation flexibility and agile manufacturing. These players compete based on product innovation, clinical research as well as regulatory compliance, with North America remaining a dominant region. The growing consumer inclination toward clean label and plant-based alternatives continue to bolster market expansion, encouraging investment in clinically supported Boswellia formulations.

Boswellia Extract Market Trends



Trends
Description


Clean Label Movement
Preference for natural, plant-based, and additive-free supplements.


Clinical Backing
Growing importance of scientifically validated Boswellia formulations


Nutraceutical Growth
Expansion of the nutraceuticals and dietary supplements industry.



Boswellia Extract Market Competitive Landscape

• On 14 January 2024, Sabinsa Corporation (USA/India) received USP verification for its proprietary Boswellia extract Boswellin®, reinforcing its commitment to quality and global regulatory compliance.
• On 7 March 2024, Arjuna Natural Pvt. Ltd. (India) introduced a water-dispersible Boswellia formulation, making it suitable for use in functional beverages and effervescent tablets.
• On 28 May 2024, Giellepi S.p.A. (Italy) launched FlexiBos™, a new clinically tested Boswellia complex targeting sports nutrition and mobility enhancement markets in Europe.
• On 4 February 2025, Euromed S.A. (Spain) introduced Boswellia PhytoActive™, targeting the elderly wellness segment with a clinically supported anti-inflammatory profile.
• On 16 June 2024, NutraScience Labs (USA) partnered with Amazon-based wellness brands to launch custom-formulated Boswellia supplements for e-commerce channels in North America.
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Boswellia Extract Market


Report Coverage
Details


Base Year:
2024
Forecast Period:
2025-2032


Historical Data:
2019 to 2024
Market Size in 2024:
USD 72.77 Mn.


Forecast Period 2025 to 2032 CAGR:
4.2%
Market Size in 2032:
USD 101.13 Mn.


 Segments Covered:
by Form
Powder
Liquid


by Application
Food & Beverages
Pharmaceuticals
Aromatherapy
Others



Boswellia Extract Market by Region
North America (United States, Canada, and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, and the Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Philippines, Malaysia, Vietnam, Thailand and Rest of APAC)
Middle East & Africa (South Africa, GCC, Nigeria, Rest of ME&A)
South America (Brazil, Argentina, Rest of South America)
Boswellia Extract Market Key Players
North America

1. Sabinsa Corporation (USA)
2. PLT Health Solutions (USA)
3. NutraScience Labs (USA)
4. Botanicals International (USA)
5. Herbal Secrets (USA)

Europe

6. Giellepi S.p.A. (Italy)
7. Euromed S.A. (Spain)
8. Naturex (Part of Givaudan) (France)
9. Martin Bauer Group (Germany)
10. Indena S.p.A. (Italy)

Asia-Pacific

11. Sami-Sabinsa Group (India)
12. Arjuna Natural Pvt. Ltd. (India)
13. Alchem International Pvt. Ltd. (India)
14. Herbal Creations (India)
15. Natural Remedies Pvt. Ltd. (India)
16. Nutraceutical Corporation India (India)
17. Bioprex Labs (India)
18. Vidya Herbs Pvt. Ltd. (India)
19. Sanat Products Ltd. (India)
20. Venkatesh Naturals (India)

Middle East & Africa

21. Organica for Natural Products (Egypt)
22. African Botanicals (South Africa)

South America

23. Laboratorios FitoNaturales (Mexico)
24. Nexira South America (Brazil)
Frequently Asked Question
1: What was the value of the Boswellia Extract Market in 2024?
Ans: The market was valued at USD 72.77 million in 2024.

2: Which region dominated the Boswellia Extract Market in 2024?
Ans: North America dominated due to high consumer health awareness and key player presence.

3: What is the projected CAGR of the market from 2025 to 2032?
Ans: The market is expected to grow at a CAGR of 4.2% during 2025–2032.

4: Which form segment dominated the market in 2024?
Ans: The powder segment dominated due to its affordability and wide applicability.

5: Name a key recent product innovation in the market.
Ans: Arjuna Natural launched a water-dispersible Boswellia formulation in March 2024.