Boswellia is also called as Indian frankincense which belongs to a family of resinous trees well known for their aromatic oil. Boswellia trees grow in the dry, mountainous forests of western and central India. They have a thick, papery bark that yields a gum containing natural sugars, essential oils, and several triterpene acids called as boswellic acids which are used in medicines. Boswellia is a specific botanical plant known as Indian Olibanum. It is non-toxic and has a history of usage in the pharmaceutical industry. Boswellia powder is extracted and transformed into a liquid known as Shalaki extract. Boswellia carries the astringent, bitter, and sweet tastes and is available at herbal stores or health food stores.
According to the study “Asia Boswellia Industry Situation and Prospects Research Report”, it was observed that there is an increasing adoption of boswellia in the pharmaceutical industry and almost all the companies are producing various types of products from its extract. Boswellia is used in many industries such as food, beverage, cosmetics, spa treatment and aromatherapy. The medicinal properties of Boswellia extract are antimicrobial activity that is used for the treatment for cancerous diseases. Western world has not witnessed any market for Boswellia extract but there is a huge market in India and Asia for many decades. Boswellia extract is becoming popular amongst health-conscious consumers and pharmaceutical manufacturers due to its multiple health and medicinal benefits. With anti-cancer and anti-inflammatory properties, Bowellia is used to treat inflammatory conditions, such as osteoarthritis, rheumatoid arthritis, asthma, soothe sore muscles, used as mouthwash, infections and ulcerative colitis. Treatment with boswellia is safe than other treatments which cause side effects such as gastrointestinal bleeding.
The leading players in global Boswellia extract market are Alchem International, Arjuna Natural, Venkatesh Natural Extract Pvt Ltd., Now Foods, Alps Pure, Ambe NS Agro Product Private Limited, Herbal Creations, Jayshree Nath Herbals, Sanat, S.A. Hernal BioActives LLP, Marven Bio Chem, Manus Aktteva BioPharma LLP, and Sydler India. Geographically, Asia Boswellia industry is spread across China, Japan, India, Korea, Saudi Arabia and other regions. The leading vendors in Asia Boswellia industry are BIO EXTRACT, Arjuna Natural Extracts Ltd, Alchem International Pvt., KISALAYA HERBALS LTD, Kanakdhara Co, Giellepi S.p.A, Streamline Pharma Private Limited, La-Medicca (India) Private Limited, Himalayan Herbaria Inc. and Morning Star Impex.
The anti-inflammatory properties and other medicinal properties in Boswellia extract are encouraging the use of its products in Asian market. The anti-cancer property has boosted the demand in the cosmetic industry because consumer’s are demanding for products that do not require consumption of medicines. Boswellia extract in cosmetics industry is used in cosmetics, spa, and herbal treatment. Majority of the manufacturers in Asia are focusing on launching more Boswellia extract based products and are investing significantly more in research to develop new product ranges to expand their customer base and enhance their regional presence. With the increasing use of boswellia, has encouraged the market in Asia and will continue over the next few years due to its great healing properties.
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Ankur Gupta, Head Marketing & Communications