The global myrrh gum market size is expected to reach USD 307.02 million by 2032, according to a new study by Polaris Market Research. The report "Myrrh Gum Market Share, Size, Trends, Industry Analysis Report, By Form (Powder, Liquid); By Nature; By End-Use Industries; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market for personal care products is anticipated to expand, which is predicted to increase demand for myrrh gum. This is due to increased costs for topical or dermatological treatments as well as perfumes. A recent study published in 2022 reviewed the applications of myrrh. A study revealed that Commiphora myrrha (myrrh) & Boswellia serrata (frankincense) extracts help improve the moisture and suppleness of the skin while preventing ageing, acne, and spots. Additionally, myrrh gum is utilized as a stimulant and to boost menstrual flow. The market for myrrh gum is anticipated to be driven by the global need for pharmaceuticals. Additionally, the global myrrh gum market will benefit from the expanding personal care sector around the world, driving its demand soon.
Global cosmetic firms are interested in using myrrh and frankincense in various cosmetic products because they have anti-inflammatory and antioxidant properties that considerably benefit human health. A study published in Springer focused on the effectiveness of myrrh in controlling inflammation. A study revealed that myrrh extract has anti-inflammatory qualities and reduces the liver-damaging effects of prednisolone. In conjunction with prednisolone, myrrh extract can be used to treat autoimmune disorders. This demonstrates ongoing research and development activities among the manufacturers to innovate new products in the marketplace.
Moreover, with or without the addition of other components, the gum of myrrh has a variety of uses. For instance, they can be applied to the hair and scalp for cosmetic purposes. The effectiveness of it in treating non-insulin-dependent diabetic mellitus (NIDDM) was recently demonstrated in preclinical trials. These studies are building trust and confidence among consumers and manufacturers of pharmaceuticals and personal care products to use products with myrrh gum as an ingredient and to add it to their product formulations to attract consumers with the knowledge of the benefits associated with myrrh gum.
Myrrh Gum Market Report Highlights
- Powder segment is anticipated to witness the highest growth in the coming years due to its convenience in using product formulations in the pharmaceutical industry.
- Organic segment accounted for the largest market share owing to the rising importance and benefits associated with natural ingredients in personal care products.
- Pharmaceuticals segment held the largest share, due to the increasing prevalence of antioxidant & anti-inflammatory properties.
- APAC will grow at the rapid pace, owing to the traditional usage of myrrh gum in the region.
- Europe is expected to have the fastest growth owing to the stringent government regulations on herbal products
- The global players include: A.G. Industries, Best Botanicals, Elixarome, Herbal Terra, Marudhar Impex, Plant Therapy Essential Oils & Scents of Earth.
Polaris Market Research has segmented the myrrh gum market report based on form, nature, end-use industries, and region:
Myrrh Gum, Form Outlook (Revenue - USD Million, 2019 - 2032)
Myrrh Gum, Nature Outlook (Revenue - USD Million, 2019 - 2032)
Myrrh Gum, End-Use Industries Outlook (Revenue - USD Million, 2019 - 2032)
- Pharmaceuticals
- Food & Beverages
- Dietary Supplements
- Personal Care and Cosmetics
- Other End-Use Industries
Myrrh Gum, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Myrrh Gum Market Insights
- 4.1. Myrrh Gum Market - End-Use Industries Snapshot
- 4.2. Myrrh Gum Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growing awareness about myrrh gum among a wider audience
- 4.2.1.2. The increasing consumer preference for natural and herbal products
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Limited Geographic Distribution
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Myrrh Gum Market End-Use Industries Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Myrrh Gum Market, by Form
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 5.3. Powder
- 5.3.1. Global Myrrh Gum Market, by Powder, by Region, 2019-2032 (USD Million)
- 5.4. Liquid
- 5.4.1. Global Myrrh Gum Market, by Liquid, by Region, 2019-2032 (USD Million)
6. Global Myrrh Gum Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 6.3. Conventional
- 6.3.1. Global Myrrh Gum Market, by Conventional, by Region, 2019-2032 (USD Million)
- 6.4. Organic
- 6.4.1. Global Myrrh Gum Market, by Organic, by Region, 2019-2032 (USD Million)
7. Global Myrrh Gum Market, by End-Use Industries
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 7.3. Pharmaceuticals
- 7.3.1. Global Myrrh Gum Market, by Pharmaceuticals, By Region, 2019-2032 (USD Million)
- 7.4. Food & Beverages
- 7.4.1. Global Myrrh Gum Market, by Food & Beverages, By Region, 2019-2032 (USD Million)
- 7.5. Dietary Supplements
- 7.5.1. Global Myrrh Gum Market, by Dietary Supplements, By Region, 2019-2032 (USD Million)
- 7.6. Personal Care and Cosmetics
- 7.6.1. Global Myrrh Gum Market, by Personal Care and Cosmetics, By Region, 2019-2032 (USD Million)
- 7.7. Other End-Use Industries
- 7.7.1. Global Myrrh Gum Market, by Other End-Use Industries, By Region, 2019-2032 (USD Million)
8. Global Myrrh Gum Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Myrrh Gum Market Assessment, By Geography, 2019-2032 (USD Million)
- 8.3. Myrrh Gum Market - North America
- 8.3.1. North America: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.3.2. North America: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.3.3. North America: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.3.4. Myrrh Gum Market - U.S.
- 8.3.4.1. U.S.: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.3.4.2. U.S.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.3.4.3. U.S.: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.3.5. Myrrh Gum Market - Canada
- 8.3.5.1. Canada: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.3.5.2. Canada.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.3.5.3. Canada: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.4. Myrrh Gum Market - Europe
- 8.4.1. Europe: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.4.2. Europe.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.4.3. Europe: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.4.4. Myrrh Gum Market - UK
- 8.4.4.1. UK: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.4.4.2. UK.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.4.4.3. UK: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.4.5. Myrrh Gum Market - France
- 8.4.5.1. France: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.4.5.2. France.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.4.5.3. France: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.4.6. Myrrh Gum Market - Germany
- 8.4.6.1. Germany: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.4.6.2. Germany.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.4.6.3. Germany: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.4.7. Myrrh Gum Market - Italy
- 8.4.7.1. Italy: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.4.7.2. Italy.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.4.7.3. Italy: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.4.8. Myrrh Gum Market - Spain
- 8.4.8.1. Spain: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.4.8.2. Spain.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.4.8.3. Spain: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.4.9. Myrrh Gum Market - Netherlands
- 8.4.9.1. Netherlands: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.4.9.2. Netherlands.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.4.9.3. Netherlands: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.4.10. Myrrh Gum Market - Russia
- 8.4.10.1. Russia: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.4.10.2. Russia.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.4.10.3. Russia: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.5. Myrrh Gum Market - Asia Pacific
- 8.5.1. Asia Pacific: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.5.2. Asia Pacific.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.5.3. Asia Pacific: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.5.4. Myrrh Gum Market - China
- 8.5.4.1. China: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.5.4.2. China.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.5.4.3. China: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.5.5. Myrrh Gum Market - India
- 8.5.5.1. India: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.5.5.2. India.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.5.5.3. India: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.5.6. Myrrh Gum Market - Malaysia
- 8.5.6.1. Malaysia: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.5.6.2. Malaysia.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.5.6.3. Malaysia: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.5.7. Myrrh Gum Market - Japan
- 8.5.7.1. Japan: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.5.7.2. Japan.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.5.7.3. Japan: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.5.8. Myrrh Gum Market - Indonesia
- 8.5.8.1. Indonesia: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.5.8.2. Indonesia.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.5.8.3. Indonesia: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.5.9. Myrrh Gum Market - South Korea
- 8.5.9.1. South Korea: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.5.9.2. South Korea.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.5.9.3. South Korea: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.6. Myrrh Gum Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.6.2. Middle East & Africa.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.6.3. Middle East & Africa: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.6.4. Myrrh Gum Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.6.4.2. Saudi Arabia.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.6.4.3. Saudi Arabia: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.6.5. Myrrh Gum Market - UAE
- 8.6.5.1. UAE: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.6.5.2. UAE.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.6.5.3. UAE: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.6.6. Myrrh Gum Market - Israel
- 8.6.6.1. Israel: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.6.6.2. Israel.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.6.6.3. Israel: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.6.7. Myrrh Gum Market - South Africa
- 8.6.7.1. South Africa: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.6.7.2. South Africa.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.6.7.3. South Africa: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.7. Myrrh Gum Market - Latin America
- 8.7.1. Latin America: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.7.2. Latin America.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.7.3. Latin America: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.7.4. Myrrh Gum Market - Mexico
- 8.7.4.1. Mexico: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.7.4.2. Mexico.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.7.4.3. Mexico: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.7.5. Myrrh Gum Market - Brazil
- 8.7.5.1. Brazil: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.7.5.2. Brazil.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.7.5.3. Brazil: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
- 8.7.6. Myrrh Gum Market - Argentina
- 8.7.6.1. Argentina: Myrrh Gum Market, by Form, 2019-2032 (USD Million)
- 8.7.6.2. Argentina.: Myrrh Gum Market, by End-Use Industries, 2019-2032 (USD Million)
- 8.7.6.3. Argentina: Myrrh Gum Market, by Application, 2019-2032 (USD Million)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. A.G. Industries
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Best Botanicals
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Elixarome
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Herbal Terra LLC
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Mansukhlal & Company
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Marudhar Impex
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Mountain Rose Herbs
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Nature's Way
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Other prominent players
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Plant Therapy Essential Oils
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Scents of Earth
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Shaanxi Fujie Pharmaceutical
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Swanson Health Products
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Terravita Corporation
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. The Good Scent Company
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development