Global Frankincense Oil Supply, Demand and Key Producers, 2023-2029

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Published Date: 20 Jan 2023

Category: Chemical & Material

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Description
Table of Contents
Table of Figures
Research Methodology
Companies Mentioned
Related Reports
Product Tags

Description

This report studies the global Frankincense Oil production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Frankincense Oil, and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Frankincense Oil that contribute to its increasing demand across many markets.

The global Frankincense Oil market size is expected to reach $ million by 2029, rising at a market growth of % CAGR during the forecast period (2023-2029).

Highlights and key features of the study
Global Frankincense Oil total production and demand, 2018-2029, (K MT)
Global Frankincense Oil total production value, 2018-2029, (USD Million)
Global Frankincense Oil production by region & country, production, value, CAGR, 2018-2029, (USD Million) & (K MT)
Global Frankincense Oil consumption by region & country, CAGR, 2018-2029 & (K MT)
U.S. VS China: Frankincense Oil domestic production, consumption, key domestic manufacturers and share
Global Frankincense Oil production by manufacturer, production, price, value and market share 2018-2023, (USD Million) & (K MT)
Global Frankincense Oil production by Type, production, value, CAGR, 2018-2029, (USD Million) & (K MT)
Global Frankincense Oil production by Application production, value, CAGR, 2018-2029, (USD Million) & (K MT)
This reports profiles key players in the global Frankincense Oil market based on the following parameters – company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include AMEO, De Monchy Aromatics, DoTERRA, AOS Products Private Limited, Nature's Sunshine Products and TriVita, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Frankincense Oil market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K MT) and average price (USD/MT) by manufacturer, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Frankincense Oil Market, By Region:
    United States
    China
    Europe
    Japan
    South Korea
    ASEAN
    India
    Rest of World

Global Frankincense Oil Market, Segmentation by Type
    Natural
    Synthetic

Global Frankincense Oil Market, Segmentation by Application
    Medicine
    Skin care
    Oral Care
    Others

Companies Profiled:
    AMEO
    De Monchy Aromatics
    DoTERRA
    AOS Products Private Limited
    Nature's Sunshine Products
    TriVita

Key Questions Answered
1. How big is the global Frankincense Oil market?
2. What is the demand of the global Frankincense Oil market?
3. What is the year over year growth of the global Frankincense Oil market?
4. What is the production and production value of the global Frankincense Oil market?
5. Who are the key producers in the global Frankincense Oil market?
6. What are the growth factors driving the market demand?

Table of Contents

1 Supply Summary
    1.1 Frankincense Oil Introduction
    1.2 World Frankincense Oil Supply & Forecast
        1.2.1 World Frankincense Oil Production Value (2018 & 2022 & 2029)
        1.2.2 World Frankincense Oil Production (2018-2029)
        1.2.3 World Frankincense Oil Pricing Trends (2018-2029)
    1.3 World Frankincense Oil Production by Region (Based on Production Site)
        1.3.1 World Frankincense Oil Production Value by Region (2018-2029)
        1.3.2 World Frankincense Oil Production by Region (2018-2029)
        1.3.3 World Frankincense Oil Average Price by Region (2018-2029)
        1.3.4 North America Frankincense Oil Production (2018-2029)
        1.3.5 Europe Frankincense Oil Production (2018-2029)
        1.3.6 China Frankincense Oil Production (2018-2029)
        1.3.7 Japan Frankincense Oil Production (2018-2029)
    1.4 Market Drivers, Restraints and Trends
        1.4.1 Frankincense Oil Market Drivers
        1.4.2 Factors Affecting Demand
        1.4.3 Frankincense Oil Major Market Trends
    1.5 Influence of COVID-19 and Russia-Ukraine War
        1.5.1 Influence of COVID-19
        1.5.2 Influence of Russia-Ukraine War

2 Demand Summary
    2.1 World Frankincense Oil Demand (2018-2029)
    2.2 World Frankincense Oil Consumption by Region
        2.2.1 World Frankincense Oil Consumption by Region (2018-2023)
        2.2.2 World Frankincense Oil Consumption Forecast by Region (2024-2029)
    2.3 United States Frankincense Oil Consumption (2018-2029)
    2.4 China Frankincense Oil Consumption (2018-2029)
    2.5 Europe Frankincense Oil Consumption (2018-2029)
    2.6 Japan Frankincense Oil Consumption (2018-2029)
    2.7 South Korea Frankincense Oil Consumption (2018-2029)
    2.8 ASEAN Frankincense Oil Consumption (2018-2029)
    2.9 India Frankincense Oil Consumption (2018-2029)

3 World Frankincense Oil Manufacturers Competitive Analysis
    3.1 World Frankincense Oil Production Value by Manufacturer (2018-2023)
    3.2 World Frankincense Oil Production by Manufacturer (2018-2023)
    3.3 World Frankincense Oil Average Price by Manufacturer (2018-2023)
    3.4 Frankincense Oil Company Evaluation Quadrant
    3.5 Industry Rank and Concentration Rate (CR)
        3.5.1 Global Frankincense Oil Industry Rank of Major Manufacturers
        3.5.2 Global Concentration Ratios (CR4) for Frankincense Oil in 2022
        3.5.3 Global Concentration Ratios (CR8) for Frankincense Oil in 2022
    3.6 Frankincense Oil Market: Overall Company Footprint Analysis
        3.6.1 Frankincense Oil Market: Region Footprint
        3.6.2 Frankincense Oil Market: Company Product Type Footprint
        3.6.3 Frankincense Oil Market: Company Product Application Footprint
    3.7 Competitive Environment
        3.7.1 Historical Structure of the Industry
        3.7.2 Barriers of Market Entry
        3.7.3 Factors of Competition
    3.8 New Entrant and Capacity Expansion Plans
    3.9 Mergers, Acquisition, Agreements, and Collaborations

4 United States VS China VS Rest of the World
    4.1 United States VS China: Frankincense Oil Production Value Comparison
        4.1.1 United States VS China: Frankincense Oil Production Value Comparison (2018 & 2022 & 2029)
        4.1.2 United States VS China: Frankincense Oil Production Value Market Share Comparison (2018 & 2022 & 2029)
    4.2 United States VS China: Frankincense Oil Production Comparison
        4.2.1 United States VS China: Frankincense Oil Production Comparison (2018 & 2022 & 2029)
        4.2.2 United States VS China: Frankincense Oil Production Market Share Comparison (2018 & 2022 & 2029)
    4.3 United States VS China: Frankincense Oil Consumption Comparison
        4.3.1 United States VS China: Frankincense Oil Consumption Comparison (2018 & 2022 & 2029)
        4.3.2 United States VS China: Frankincense Oil Consumption Market Share Comparison (2018 & 2022 & 2029)
    4.4 United States Based Frankincense Oil Manufacturers and Market Share, 2018-2023
        4.4.1 United States Based Frankincense Oil Manufacturers, Headquarters and Production Site (States, Country)
        4.4.2 United States Based Manufacturers Frankincense Oil Production Value (2018-2023)
        4.4.3 United States Based Manufacturers Frankincense Oil Production (2018-2023)
    4.5 China Based Frankincense Oil Manufacturers and Market Share
        4.5.1 China Based Frankincense Oil Manufacturers, Headquarters and Production Site (Province, Country)
        4.5.2 China Based Manufacturers Frankincense Oil Production Value (2018-2023)
        4.5.3 China Based Manufacturers Frankincense Oil Production (2018-2023)
    4.6 Rest of World Based Frankincense Oil Manufacturers and Market Share, 2018-2023
        4.6.1 Rest of World Based Frankincense Oil Manufacturers, Headquarters and Production Site (State, Country)
        4.6.2 Rest of World Based Manufacturers Frankincense Oil Production Value (2018-2023)
        4.6.3 Rest of World Based Manufacturers Frankincense Oil Production (2018-2023)

5 Market Analysis by Type
    5.1 World Frankincense Oil Market Size Overview by Type: 2018 VS 2022 VS 2029
    5.2 Segment Introduction by Type
        5.2.1 Natural
        5.2.2 Synthetic
    5.3 Market Segment by Type
        5.3.1 World Frankincense Oil Production by Type (2018-2029)
        5.3.2 World Frankincense Oil Production Value by Type (2018-2029)
        5.3.3 World Frankincense Oil Average Price by Type (2018-2029)

6 Market Analysis by Application
    6.1 World Frankincense Oil Market Size Overview by Application: 2018 VS 2022 VS 2029
    6.2 Segment Introduction by Application
        6.2.1 Medicine
        6.2.2 Skin care
        6.2.3 Oral Care
        6.2.4 Others
    6.3 Market Segment by Application
        6.3.1 World Frankincense Oil Production by Application (2018-2029)
        6.3.2 World Frankincense Oil Production Value by Application (2018-2029)
        6.3.3 World Frankincense Oil Average Price by Application (2018-2029)

7 Company Profiles
    7.1 AMEO
        7.1.1 AMEO Details
        7.1.2 AMEO Major Business
        7.1.3 AMEO Frankincense Oil Product and Services
        7.1.4 AMEO Frankincense Oil Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.1.5 AMEO Recent Developments/Updates
        7.1.6 AMEO Competitive Strengths & Weaknesses
    7.2 De Monchy Aromatics
        7.2.1 De Monchy Aromatics Details
        7.2.2 De Monchy Aromatics Major Business
        7.2.3 De Monchy Aromatics Frankincense Oil Product and Services
        7.2.4 De Monchy Aromatics Frankincense Oil Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.2.5 De Monchy Aromatics Recent Developments/Updates
        7.2.6 De Monchy Aromatics Competitive Strengths & Weaknesses
    7.3 DoTERRA
        7.3.1 DoTERRA Details
        7.3.2 DoTERRA Major Business
        7.3.3 DoTERRA Frankincense Oil Product and Services
        7.3.4 DoTERRA Frankincense Oil Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.3.5 DoTERRA Recent Developments/Updates
        7.3.6 DoTERRA Competitive Strengths & Weaknesses
    7.4 AOS Products Private Limited
        7.4.1 AOS Products Private Limited Details
        7.4.2 AOS Products Private Limited Major Business
        7.4.3 AOS Products Private Limited Frankincense Oil Product and Services
        7.4.4 AOS Products Private Limited Frankincense Oil Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.4.5 AOS Products Private Limited Recent Developments/Updates
        7.4.6 AOS Products Private Limited Competitive Strengths & Weaknesses
    7.5 Nature's Sunshine Products
        7.5.1 Nature's Sunshine Products Details
        7.5.2 Nature's Sunshine Products Major Business
        7.5.3 Nature's Sunshine Products Frankincense Oil Product and Services
        7.5.4 Nature's Sunshine Products Frankincense Oil Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.5.5 Nature's Sunshine Products Recent Developments/Updates
        7.5.6 Nature's Sunshine Products Competitive Strengths & Weaknesses
    7.6 TriVita
        7.6.1 TriVita Details
        7.6.2 TriVita Major Business
        7.6.3 TriVita Frankincense Oil Product and Services
        7.6.4 TriVita Frankincense Oil Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.6.5 TriVita Recent Developments/Updates
        7.6.6 TriVita Competitive Strengths & Weaknesses

8 Industry Chain Analysis
    8.1 Frankincense Oil Industry Chain
    8.2 Frankincense Oil Upstream Analysis
        8.2.1 Frankincense Oil Core Raw Materials
        8.2.2 Main Manufacturers of Frankincense Oil Core Raw Materials
    8.3 Midstream Analysis
    8.4 Downstream Analysis
    8.5 Frankincense Oil Production Mode
    8.6 Frankincense Oil Procurement Model
    8.7 Frankincense Oil Industry Sales Model and Sales Channels
        8.7.1 Frankincense Oil Sales Model
        8.7.2 Frankincense Oil Typical Customers

9 Research Findings and Conclusion

10 Appendix
    10.1 Methodology
    10.2 Research Process and Data Source
    10.3 Disclaimer

Table of Figures

List of Tables
    Table 1. World Frankincense Oil Production Value by Region (2018, 2022 and 2029) & (USD Million)
    Table 2. World Frankincense Oil Production Value by Region (2018-2023) & (USD Million)
    Table 3. World Frankincense Oil Production Value by Region (2024-2029) & (USD Million)
    Table 4. World Frankincense Oil Production Value Market Share by Region (2018-2023)
    Table 5. World Frankincense Oil Production Value Market Share by Region (2024-2029)
    Table 6. World Frankincense Oil Production by Region (2018-2023) & (K MT)
    Table 7. World Frankincense Oil Production by Region (2024-2029) & (K MT)
    Table 8. World Frankincense Oil Production Market Share by Region (2018-2023)
    Table 9. World Frankincense Oil Production Market Share by Region (2024-2029)
    Table 10. World Frankincense Oil Average Price by Region (2018-2023) & (USD/MT)
    Table 11. World Frankincense Oil Average Price by Region (2024-2029) & (USD/MT)
    Table 12. Frankincense Oil Major Market Trends
    Table 13. World Frankincense Oil Consumption Growth Rate Forecast by Region (2018 & 2022 & 2029) & (K MT)
    Table 14. World Frankincense Oil Consumption by Region (2018-2023) & (K MT)
    Table 15. World Frankincense Oil Consumption Forecast by Region (2024-2029) & (K MT)
    Table 16. World Frankincense Oil Production Value by Manufacturer (2018-2023) & (USD Million)
    Table 17. Production Value Market Share of Key Frankincense Oil Producers in 2022
    Table 18. World Frankincense Oil Production by Manufacturer (2018-2023) & (K MT)
    Table 19. Production Market Share of Key Frankincense Oil Producers in 2022
    Table 20. World Frankincense Oil Average Price by Manufacturer (2018-2023) & (USD/MT)
    Table 21. Global Frankincense Oil Company Evaluation Quadrant
    Table 22. World Frankincense Oil Industry Rank of Major Manufacturers, Based on Production Value in 2022
    Table 23. Head Office and Frankincense Oil Production Site of Key Manufacturer
    Table 24. Frankincense Oil Market: Company Product Type Footprint
    Table 25. Frankincense Oil Market: Company Product Application Footprint
    Table 26. Frankincense Oil Competitive Factors
    Table 27. Frankincense Oil New Entrant and Capacity Expansion Plans
    Table 28. Frankincense Oil Mergers & Acquisitions Activity
    Table 29. United States VS China Frankincense Oil Production Value Comparison, (2018 & 2022 & 2029) & (USD Million)
    Table 30. United States VS China Frankincense Oil Production Comparison, (2018 & 2022 & 2029) & (K MT)
    Table 31. United States VS China Frankincense Oil Consumption Comparison, (2018 & 2022 & 2029) & (K MT)
    Table 32. United States Based Frankincense Oil Manufacturers, Headquarters and Production Site (States, Country)
    Table 33. United States Based Manufacturers Frankincense Oil Production Value, (2018-2023) & (USD Million)
    Table 34. United States Based Manufacturers Frankincense Oil Production Value Market Share (2018-2023)
    Table 35. United States Based Manufacturers Frankincense Oil Production (2018-2023) & (K MT)
    Table 36. United States Based Manufacturers Frankincense Oil Production Market Share (2018-2023)
    Table 37. China Based Frankincense Oil Manufacturers, Headquarters and Production Site (Province, Country)
    Table 38. China Based Manufacturers Frankincense Oil Production Value, (2018-2023) & (USD Million)
    Table 39. China Based Manufacturers Frankincense Oil Production Value Market Share (2018-2023)
    Table 40. China Based Manufacturers Frankincense Oil Production (2018-2023) & (K MT)
    Table 41. China Based Manufacturers Frankincense Oil Production Market Share (2018-2023)
    Table 42. Rest of World Based Frankincense Oil Manufacturers, Headquarters and Production Site (States, Country)
    Table 43. Rest of World Based Manufacturers Frankincense Oil Production Value, (2018-2023) & (USD Million)
    Table 44. Rest of World Based Manufacturers Frankincense Oil Production Value Market Share (2018-2023)
    Table 45. Rest of World Based Manufacturers Frankincense Oil Production (2018-2023) & (K MT)
    Table 46. Rest of World Based Manufacturers Frankincense Oil Production Market Share (2018-2023)
    Table 47. World Frankincense Oil Production Value by Type, (USD Million), 2018 & 2022 & 2029
    Table 48. World Frankincense Oil Production by Type (2018-2023) & (K MT)
    Table 49. World Frankincense Oil Production by Type (2024-2029) & (K MT)
    Table 50. World Frankincense Oil Production Value by Type (2018-2023) & (USD Million)
    Table 51. World Frankincense Oil Production Value by Type (2024-2029) & (USD Million)
    Table 52. World Frankincense Oil Average Price by Type (2018-2023) & (USD/MT)
    Table 53. World Frankincense Oil Average Price by Type (2024-2029) & (USD/MT)
    Table 54. World Frankincense Oil Production Value by Application, (USD Million), 2018 & 2022 & 2029
    Table 55. World Frankincense Oil Production by Application (2018-2023) & (K MT)
    Table 56. World Frankincense Oil Production by Application (2024-2029) & (K MT)
    Table 57. World Frankincense Oil Production Value by Application (2018-2023) & (USD Million)
    Table 58. World Frankincense Oil Production Value by Application (2024-2029) & (USD Million)
    Table 59. World Frankincense Oil Average Price by Application (2018-2023) & (USD/MT)
    Table 60. World Frankincense Oil Average Price by Application (2024-2029) & (USD/MT)
    Table 61. AMEO Basic Information, Manufacturing Base and Competitors
    Table 62. AMEO Major Business
    Table 63. AMEO Frankincense Oil Product and Services
    Table 64. AMEO Frankincense Oil Production (K MT), Price (USD/MT), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 65. AMEO Recent Developments/Updates
    Table 66. AMEO Competitive Strengths & Weaknesses
    Table 67. De Monchy Aromatics Basic Information, Manufacturing Base and Competitors
    Table 68. De Monchy Aromatics Major Business
    Table 69. De Monchy Aromatics Frankincense Oil Product and Services
    Table 70. De Monchy Aromatics Frankincense Oil Production (K MT), Price (USD/MT), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 71. De Monchy Aromatics Recent Developments/Updates
    Table 72. De Monchy Aromatics Competitive Strengths & Weaknesses
    Table 73. DoTERRA Basic Information, Manufacturing Base and Competitors
    Table 74. DoTERRA Major Business
    Table 75. DoTERRA Frankincense Oil Product and Services
    Table 76. DoTERRA Frankincense Oil Production (K MT), Price (USD/MT), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 77. DoTERRA Recent Developments/Updates
    Table 78. DoTERRA Competitive Strengths & Weaknesses
    Table 79. AOS Products Private Limited Basic Information, Manufacturing Base and Competitors
    Table 80. AOS Products Private Limited Major Business
    Table 81. AOS Products Private Limited Frankincense Oil Product and Services
    Table 82. AOS Products Private Limited Frankincense Oil Production (K MT), Price (USD/MT), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 83. AOS Products Private Limited Recent Developments/Updates
    Table 84. AOS Products Private Limited Competitive Strengths & Weaknesses
    Table 85. Nature's Sunshine Products Basic Information, Manufacturing Base and Competitors
    Table 86. Nature's Sunshine Products Major Business
    Table 87. Nature's Sunshine Products Frankincense Oil Product and Services
    Table 88. Nature's Sunshine Products Frankincense Oil Production (K MT), Price (USD/MT), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 89. Nature's Sunshine Products Recent Developments/Updates
    Table 90. TriVita Basic Information, Manufacturing Base and Competitors
    Table 91. TriVita Major Business
    Table 92. TriVita Frankincense Oil Product and Services
    Table 93. TriVita Frankincense Oil Production (K MT), Price (USD/MT), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 94. Global Key Players of Frankincense Oil Upstream (Raw Materials)
    Table 95. Frankincense Oil Typical Customers
    Table 96. Frankincense Oil Typical Distributors
List of Figure
    Figure 1. Frankincense Oil Picture
    Figure 2. World Frankincense Oil Production Value: 2018 & 2022 & 2029, (USD Million)
    Figure 3. World Frankincense Oil Production Value and Forecast (2018-2029) & (USD Million)
    Figure 4. World Frankincense Oil Production (2018-2029) & (K MT)
    Figure 5. World Frankincense Oil Average Price (2018-2029) & (USD/MT)
    Figure 6. World Frankincense Oil Production Value Market Share by Region (2018-2029)
    Figure 7. World Frankincense Oil Production Market Share by Region (2018-2029)
    Figure 8. North America Frankincense Oil Production (2018-2029) & (K MT)
    Figure 9. Europe Frankincense Oil Production (2018-2029) & (K MT)
    Figure 10. China Frankincense Oil Production (2018-2029) & (K MT)
    Figure 11. Japan Frankincense Oil Production (2018-2029) & (K MT)
    Figure 12. Frankincense Oil Market Drivers
    Figure 13. Factors Affecting Demand
    Figure 14. World Frankincense Oil Consumption (2018-2029) & (K MT)
    Figure 15. World Frankincense Oil Consumption Market Share by Region (2018-2029)
    Figure 16. United States Frankincense Oil Consumption (2018-2029) & (K MT)
    Figure 17. China Frankincense Oil Consumption (2018-2029) & (K MT)
    Figure 18. Europe Frankincense Oil Consumption (2018-2029) & (K MT)
    Figure 19. Japan Frankincense Oil Consumption (2018-2029) & (K MT)
    Figure 20. South Korea Frankincense Oil Consumption (2018-2029) & (K MT)
    Figure 21. ASEAN Frankincense Oil Consumption (2018-2029) & (K MT)
    Figure 22. India Frankincense Oil Consumption (2018-2029) & (K MT)
    Figure 23. Producer Shipments of Frankincense Oil by Manufacturer Revenue ($MM) and Market Share (%): 2022
    Figure 24. Global Four-firm Concentration Ratios (CR4) for Frankincense Oil Markets in 2022
    Figure 25. Global Four-firm Concentration Ratios (CR8) for Frankincense Oil Markets in 2022
    Figure 26. United States VS China: Frankincense Oil Production Value Market Share Comparison (2018 & 2022 & 2029)
    Figure 27. United States VS China: Frankincense Oil Production Market Share Comparison (2018 & 2022 & 2029)
    Figure 28. United States VS China: Frankincense Oil Consumption Market Share Comparison (2018 & 2022 & 2029)
    Figure 29. United States Based Manufacturers Frankincense Oil Production Market Share 2022
    Figure 30. China Based Manufacturers Frankincense Oil Production Market Share 2022
    Figure 31. Rest of World Based Manufacturers Frankincense Oil Production Market Share 2022
    Figure 32. World Frankincense Oil Production Value by Type, (USD Million), 2018 & 2022 & 2029
    Figure 33. World Frankincense Oil Production Value Market Share by Type in 2022
    Figure 34. Natural
    Figure 35. Synthetic
    Figure 36. World Frankincense Oil Production Market Share by Type (2018-2029)
    Figure 37. World Frankincense Oil Production Value Market Share by Type (2018-2029)
    Figure 38. World Frankincense Oil Average Price by Type (2018-2029) & (USD/MT)
    Figure 39. World Frankincense Oil Production Value by Application, (USD Million), 2018 & 2022 & 2029
    Figure 40. World Frankincense Oil Production Value Market Share by Application in 2022
    Figure 41. Medicine
    Figure 42. Skin care
    Figure 43. Oral Care
    Figure 44. Others
    Figure 45. World Frankincense Oil Production Market Share by Application (2018-2029)
    Figure 46. World Frankincense Oil Production Value Market Share by Application (2018-2029)
    Figure 47. World Frankincense Oil Average Price by Application (2018-2029) & (USD/MT)
    Figure 48. Frankincense Oil Industry Chain
    Figure 49. Frankincense Oil Procurement Model
    Figure 50. Frankincense Oil Sales Model
    Figure 51. Frankincense Oil Sales Channels, Direct Sales, and Distribution
    Figure 52. Methodology
    Figure 53. Research Process and Data Source

Research Methodology

Client Requirements

Review and analyze client requirements

Discussion of all the project requirements and queries

Flexibility Check

Project Feasibility Analysis

Finalizing tentative research programme

Structuring project proposal with scope, timeline, and costs

Analyzing Market Dynamics

Determination of key drivers, restraints, challenge, and opportunity

Identifies market needs and trends

Market Size Estimation & Forecast

Estimation of historical data based on secondary and primary data

Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)

Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies

Consideration of geography, region-specific product/service demand for region segments

Consideration of product utilization rates, product demand outlook for segments by application or end-user.

Data Source

Secondary Source
Data collections from annual reports, presentations,associations, journals, analyst reports, paid database, press releases, blogs, newsletters,and GIR repositories.

Primary Source
Research discussion with manufacturers, distributors, suppliers, end user, industry experts to verify insights.

Validation and
triangulation of
secondary and primary source.

Collection of data

Cumulating and collating the essential qualitative and quantitative data

Generation of report in client requested format by research analysts

Reviews by expert analysts

Final quality check

Clarifying queries

Receiving feedback

Ensuring satisfaction

01 Identification of data

This step involves identification of several primary and secondary data research sources, including Global Info Research's internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and government and non-government agencies websites.
02 Evaluation of Market Dynamic

This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. It also comprises a detailed study of research plans and methodology.
03 Collection of Data

This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario.
04 Collaboration of Data

This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and verticals of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years.
05 Verification and Analysis

This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity.

Companies Mentioned

AMEO
De Monchy Aromatics
DoTERRA
AOS Products Private Limited
Nature's Sunshine Products
TriVita

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