[345 Pages Report] Global Myrrh Powder demand is anticipated to grow at a CAGR of 4.2% over the forecast period. Myrrh is a reddish-brown gum or resin derived from a variety of small tree species. The clarity and darkness of myrrh powder are well known. One of the most important ingredients in Egyptian perfumery is myrrh powder. It has a musky aroma and is a resinous powder.
Because of the growing popularity of myrrh powder, the food industry has been inspired to investigate new and efficient methods for the development of myrrh powder and its applications within the industry. Myrrh powder is also used in other industries such as pharmaceuticals.
It is effective in treating ulcers, indigestion, colds, asthma, bronchial congestion, arthritic pain, leprosy, syphilis, and cough. Myrrh powder is used as a flavoring agent in a variety of commercial products in the food and beverage industry.
Commiphora myrrh powder, a type of myrrh powder, is used in a variety of manufacturing processes, including the production of fragrances and cosmetic fixatives. This diverse use of myrrh powder in various end-use industries will boost market growth during the forecast period.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Which are Some Prominent Drivers Spearheading Myrrh Powder Market Growth?
Myrrh powder is a favorite among all cultures due to its earthy aroma. Myrrh powder was used as incense in funerals and cremations in ancient Somalia and Ethiopia.
Myrrh resins contain volatile oil and mucilage, which have antimicrobial, deodorizing, antitumor, anti-inflammatory, and astringent properties. Myrrh powder, which is extracted from it, can aid in peristalsis and muscle smoothing. Aside from that, this powder has been shown to increase uterine blood flow.
Myrrh powder and myrrh oil account for a significant portion of global myrrh production. The Myrrh powder market is expected to grow significantly in the coming years due to its numerous benefits.
Myrrh Powder is also used as a stimulant to increase menstrual flow. The global demand for medicinal products is expected to drive the Myrrh Powder market. Furthermore, the global personal care industry will have a positive impact on the global Myrrh Powder market. Rising spending on dermatological or topical solutions and perfumes is expected to expand the personal care products industry, driving demand for Myrrh Powder.
What are the Challenges Faced by the Myrrh Powder Industry?
Stringent regulation for Myrrh Powder from various government bodies such as the USDA, FDA, and others are some of the key factors that are likely to impede the growth of the Myrrh Powder market. The adverse effects of Myrrh Powder, such as carcinogenic toxicity levels and hypersensitivity reaction inducing properties, are likely to limit the market growth.
Find your sweet spots for generating winning opportunities in this market.
How is Europe Contributing to the Growth of the Myrrh Powder Market?
Various growth factors are expected to propel Germany, the United Kingdom, and France. Companies in France have numerous opportunities in Europe to market gums and resins such as myrrh powder, Arabic gum, and others.
The French cosmetics and food market is being propelled by a trend encouraging the purchase of natural products, as social and environmental concerns become more important in consumer decision-making. Manufacturers are increasingly looking for new natural ingredients to add to their product lines. This trend is assisting European market growth.
Why is Asia-Pacific Emerging as an Opportunistic Myrrh Powder Market?
However, APAC, primarily China and India, is expected to emerge at the fastest rate between 2022 and 2032. This expansion is attributed to the growing influence of the Western lifestyle and increased awareness of the health benefits of the Myrrh Powder product. Because of the abundance of raw materials, the Asia Pacific myrrh powder market, particularly in India, is expected to be lucrative in terms of revenue generation.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need and save 40%!
Market Competition
Mountain Rose Inc., Texas Natural Supply, Oregon's Wild Harvest, Amazon Discovery, Monterey Bay Spice Company, Organic Creations Incorporated, TheEclecticeuphoria, LIVING EARTH HERBS, Austral Herbs, G. Baldwin & CoNature's Warehouse, Tinderbox, Scents of Earth, Crafters Choice, and JustIngredients Limited are some of the key suppliers and producers operating in the global Myrrh Powder market.
Companies are actively collaborating by acquiring international and domestic players to broaden their product portfolios and distribution channels in the emerging market. Another important factor for manufacturers to improve technologies is technological advancements
Report Scope
Report Attribute
Details
Growth Rate
CAGR of 4.2% from 2022 to 2032
Base Year for Estimation
2021
Historical Data
2015 to 2020
Forecast Period
2022 to 2032
Quantitative Units
Revenue in USD Million, Volume in Kilotons and CAGR from 2022-2032
Report Coverage
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
On the basis of nature, the global Myrrh Powder market has been segmented as –
Organic
Conventional
On the basis of end use, the global Myrrh Powder market has been segmented as –
Food and Beverages
Pharmaceuticals
Cosmetics and Personal Care
Perfumeries
Other
On the basis of sales channel, the global Myrrh Powder market has been segmented as –
Direct Sales
Indirect Sales
Supermarket/Hypermarket
Online Stores
Retail Stores
Frequently Asked Questions
What is the anticipated growth of the Myrrh Powder market until 2032?
FMI projects the global Myrrh Powder market to expand at a 4.2% value CAGR by 2032.
Which region is forecast to be the most lucrative for Myrrh Powder market growth?
Asia Pacific is expected to be the most opportunistic Myrrh Powder market, expanding at a 5% CAGR.
Which are some prominent Myrrh Powder manufacturers?
Mountain Rose Inc., Texas Natural Supply, Oregon's Wild Harvest, Amazon Discovery, Monterey Bay Spice Company, Organic Creations Incorporated, TheEclecticeuphoria, LIVING EARTH HERBS, Austral Herbs, G. Baldwin & Co., Nature's Warehouse, Tinderbox, Scents of Earth, Crafters Choice are some prominent Myrrh Powder manufacturers.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Myrrh Powder Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Myrrh Powder Market Analysis 2017-2021 and Forecast 2022-2032, By Nature
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Nature, 2017-2021
5.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Nature, 2022-2032
5.3.1. Organic
5.3.2. Conventional
5.4. Y-o-Y Growth Trend Analysis By Nature, 2017-2021
5.5. Absolute $ Opportunity Analysis By Nature, 2022-2032
6. Global Myrrh Powder Market Analysis 2017-2021 and Forecast 2022-2032, By End Use
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By End Use, 2017-2021
6.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By End Use, 2022-2032
6.3.1. Food and Beverages
6.3.2. Pharmaceuticals
6.3.3. Cosmetics and Personal Care
6.3.4. Perfumeries
6.3.5. Other
6.4. Y-o-Y Growth Trend Analysis By End Use, 2017-2021
6.5. Absolute $ Opportunity Analysis By End Use, 2022-2032
7. Global Myrrh Powder Market Analysis 2017-2021 and Forecast 2022-2032, By Sales Channel
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Sales Channel, 2017-2021
7.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Sales Channel, 2022-2032
7.3.1. Direct Sales
7.3.2. Indirect Sales
7.3.2.1. Supermarket/Hypermarket
7.3.2.2. Online Stores
7.3.2.3. Retail Stores
7.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2017-2021
7.5. Absolute $ Opportunity Analysis By Sales Channel, 2022-2032
8. Global Myrrh Powder Market Analysis 2017-2021 and Forecast 2022-2032, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Region, 2017-2021
8.3. Current Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Region, 2022-2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Myrrh Powder Market Analysis 2017-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
9.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. U.S.
9.2.1.2. Canada
9.2.2. By Nature
9.2.3. By End Use
9.2.4. By Sales Channel
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Nature
9.3.3. By End Use
9.3.4. By Sales Channel
9.4. Key Takeaways
10. Latin America Myrrh Powder Market Analysis 2017-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
10.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Nature
10.2.3. By End Use
10.2.4. By Sales Channel
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Nature
10.3.3. By End Use
10.3.4. By Sales Channel
10.4. Key Takeaways
11. Europe Myrrh Powder Market Analysis 2017-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
11.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. U.K.
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Nature
11.2.3. By End Use
11.2.4. By Sales Channel
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Nature
11.3.3. By End Use
11.3.4. By Sales Channel
11.4. Key Takeaways
12. Asia Pacific Myrrh Powder Market Analysis 2017-2021 and Forecast 2022-2032, By Country
12.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
12.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Malaysia
12.2.1.5. Singapore
12.2.1.6. Australia
12.2.1.7. New Zealand
12.2.1.8. Rest of APAC
12.2.2. By Nature
12.2.3. By End Use
12.2.4. By Sales Channel
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Nature
12.3.3. By End Use
12.3.4. By Sales Channel
12.4. Key Takeaways
13. MEA Myrrh Powder Market Analysis 2017-2021 and Forecast 2022-2032, By Country
13.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
13.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of MEA
13.2.2. By Nature
13.2.3. By End Use
13.2.4. By Sales Channel
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Nature
13.3.3. By End Use
13.3.4. By Sales Channel
13.4. Key Takeaways
14. Key Countries Myrrh Powder Market Analysis
14.1. U.S.
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2021
14.1.2.1. By Nature
14.1.2.2. By End Use
14.1.2.3. By Sales Channel
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2021
14.2.2.1. By Nature
14.2.2.2. By End Use
14.2.2.3. By Sales Channel
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2021
14.3.2.1. By Nature
14.3.2.2. By End Use
14.3.2.3. By Sales Channel
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2021
14.4.2.1. By Nature
14.4.2.2. By End Use
14.4.2.3. By Sales Channel
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2021
14.5.2.1. By Nature
14.5.2.2. By End Use
14.5.2.3. By Sales Channel
14.6. U.K.
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2021
14.6.2.1. By Nature
14.6.2.2. By End Use
14.6.2.3. By Sales Channel
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2021
14.7.2.1. By Nature
14.7.2.2. By End Use
14.7.2.3. By Sales Channel
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2021
14.8.2.1. By Nature
14.8.2.2. By End Use
14.8.2.3. By Sales Channel
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2021
14.9.2.1. By Nature
14.9.2.2. By End Use
14.9.2.3. By Sales Channel
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2021
14.10.2.1. By Nature
14.10.2.2. By End Use
14.10.2.3. By Sales Channel
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2021
14.11.2.1. By Nature
14.11.2.2. By End Use
14.11.2.3. By Sales Channel
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2021
14.12.2.1. By Nature
14.12.2.2. By End Use
14.12.2.3. By Sales Channel
14.13. Malaysia
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2021
14.13.2.1. By Nature
14.13.2.2. By End Use
14.13.2.3. By Sales Channel
14.14. Singapore
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2021
14.14.2.1. By Nature
14.14.2.2. By End Use
14.14.2.3. By Sales Channel
14.15. Australia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2021
14.15.2.1. By Nature
14.15.2.2. By End Use
14.15.2.3. By Sales Channel
14.16. New Zealand
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2021
14.16.2.1. By Nature
14.16.2.2. By End Use
14.16.2.3. By Sales Channel
14.17. GCC Countries
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2021
14.17.2.1. By Nature
14.17.2.2. By End Use
14.17.2.3. By Sales Channel
14.18. South Africa
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2021
14.18.2.1. By Nature
14.18.2.2. By End Use
14.18.2.3. By Sales Channel
14.19. Israel
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2021
14.19.2.1. By Nature
14.19.2.2. By End Use
14.19.2.3. By Sales Channel
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Nature
15.3.3. By End Use
15.3.4. By Sales Channel
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Mountain Rose Inc.
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Texas Natural Supply
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Oregon’s Wild Harvest
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Amazon Discovery
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Monterey Bay Spice Company
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Organic Creations Incorporated
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. TheEclecticeuphoria
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Austral Herbs
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. G. Baldwin & Co.
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Nature’s Warehouse
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
16.1.11. Tinderbox
16.1.11.1. Overview
16.1.11.2. Product Portfolio
16.1.11.3. Profitability by Market Segments
16.1.11.4. Sales Footprint
16.1.11.5. Strategy Overview
16.1.11.5.1. Marketing Strategy
16.1.11.5.2. Product Strategy
16.1.11.5.3. Channel Strategy
16.1.12. Scents of Earth
16.1.12.1. Overview
16.1.12.2. Product Portfolio
16.1.12.3. Profitability by Market Segments
16.1.12.4. Sales Footprint
16.1.12.5. Strategy Overview
16.1.12.5.1. Marketing Strategy
16.1.12.5.2. Product Strategy
16.1.12.5.3. Channel Strategy
17. Assumptions & Acronyms Used18. Research Methodology
