Global Bursiera Oil Market: Growth Analysis and Forecast
Market Overview
Global Bursera Oil Market continues to demonstrate robust expansion, with its valuation reaching USD 36 million in 2024.
According to the latest industry analysis, the market is projected to grow at a CAGR of 5.9%, reaching approximately USD 57 million by 2032.
Market Drivers
The market is propelled by three main factors:
• The global shift toward plant-based pharmaceuticals
• Increasing demand for natural food additives
• Growing popularity of essential oils in wellness products.
Market Segmentation
By Type
By Application
Food Chemical Industry
Others
Key Companies
MRT ORGANIC
Swapna Herbals
Toni Natural
Indo Asian Perfumers
Others
Regional Analysis
North America : Currently leads the global Bursera oil market with a 38% revenue share, driven by strong demand from the pharmaceutical and personal care sectors.
Asia-Pacific:
Is witnessing the fastest growth, particularly in India and China, where traditional medicine practices incorporate Bursera oil. Europe: Follows closely, with Germany and France emerging as key consumption hubs for aromatherapy applications.
Latin America:
As the native growing region, serves as both a production base and emerging consumer market.
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