Boswellia serrata extract, also known as Indian frankincense, is a herbal extract that has been traditionally used in Ayurvedic medicine for the treatment of inflammatory conditions, such as arthritis and asthma. The active compound in Boswellia serrata extract is boswellic acid, which has been shown to have anti-inflammatory and pain-relieving properties. In recent years, Boswellia serrata extract has gained popularity as a natural supplement for joint health and wellness. In this article, we will explore the benefits and market potential of Boswellia serrata extract as a nutraceutical for joint health and wellness.
Benefits of Boswellia Serrata Extract Market
Boswellia serrata extract has been shown to have a number of health benefits, particularly for joint health and wellness. Here are some of the key benefits of Boswellia serrata extract:
- Anti-inflammatory properties: Boswellic acid has been shown to inhibit the production of inflammatory molecules in the body, which can help to reduce inflammation in the joints and alleviate joint pain.
- Pain relief: Boswellic acid has been shown to have pain-relieving properties, making it an effective supplement for the treatment of joint pain.
- Cartilage protection: Boswellia serrata extract has been shown to protect and preserve the cartilage in the joints, which can help to prevent joint damage and reduce the risk of osteoarthritis.
- Immune system support: Boswellia serrata extract has been shown to have immunomodulatory effects, which can help to support a healthy immune system and reduce the risk of autoimmune diseases.
Market Potential of Boswellia Serrata Extract Market
The global Boswellia serrata extract market is expected to grow significantly in the coming years, driven by the increasing demand for natural supplements for joint health and wellness. According to a report by Grand View Research, the global Boswellia serrata extract market was valued at USD 151.9 million in 2020 and is expected to grow at a CAGR of 7.7% from 2021 to 2028.
The market is segmented based on the form of the extract, which includes capsules, tablets, creams, and oils. Capsules and tablets are the most common forms of Boswellia serrata extract, and are widely used for joint health and to alleviate joint pain. Creams and oils are also gaining popularity, particularly in the topical pain relief market.
Geographically, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is currently the largest market for Boswellia serrata extract, followed by Europe and Asia Pacific. The increasing prevalence of joint disorders, such as osteoarthritis and rheumatoid arthritis, and the growing trend towards natural and organic supplements are driving the growth of the market in these regions.
Competitive Analysis in the Serrata Extract Market
The Boswellia serrata extract market is highly competitive, with a large number of players operating in the market. The key players in the market include Sabinsa Corporation, Alchem International, TCI Chemicals, and AKAY, among others.
Sabinsa Corporation is one of the leading players in the Boswellia serrata extract market, offering a wide range of products that include capsules, tablets, and creams. The company is actively involved in research and development, and is constantly introducing new products and formulations in the market. Sabinsa Corporation has a strong distribution network, which allows it to reach customers in North America, Europe, Asia Pacific, and other regions.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Everest Market Insights journalist was involved in the writing and production of this article.
