| Product Code: ETC6759933 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Despite a decline in growth rate from 2023 to 2024, Colombia continues to heavily rely on imports of Boswellia extracts, with India, Egypt, France, Sudan, and Mexico being the top exporting countries. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, potentially leading to pricing power for the suppliers. The negative compound annual growth rate (CAGR) from 2020 to 2024 suggests a challenging market environment, but with strategic insights, opportunities for market expansion and diversification may arise in the near future.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Colombia Boswellia Extracts Market Overview |
3.1 Colombia Country Macro Economic Indicators |
3.2 Colombia Boswellia Extracts Market Revenues & Volume, 2021 & 2031F |
3.3 Colombia Boswellia Extracts Market - Industry Life Cycle |
3.4 Colombia Boswellia Extracts Market - Porter's Five Forces |
3.5 Colombia Boswellia Extracts Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Colombia Boswellia Extracts Market Revenues & Volume Share, By Species, 2021 & 2031F |
3.7 Colombia Boswellia Extracts Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Colombia Boswellia Extracts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the health benefits of boswellia extracts |
4.2.2 Growing demand for natural and alternative medicines in Colombia |
4.2.3 Rise in research and development activities related to boswellia extracts |
4.3 Market Restraints |
4.3.1 Lack of standardized regulations for boswellia extracts in Colombia |
4.3.2 Competition from other herbal supplements and traditional medicines |
4.3.3 Price volatility of raw materials used in boswellia extract production |
5 Colombia Boswellia Extracts Market Trends |
6 Colombia Boswellia Extracts Market, By Types |
6.1 Colombia Boswellia Extracts Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Colombia Boswellia Extracts Market Revenues & Volume, By Form, 2021- 2031F |
6.1.3 Colombia Boswellia Extracts Market Revenues & Volume, By Powder, 2021- 2031F |
6.1.4 Colombia Boswellia Extracts Market Revenues & Volume, By Liquid, 2021- 2031F |
6.2 Colombia Boswellia Extracts Market, By Species |
6.2.1 Overview and Analysis |
6.2.2 Colombia Boswellia Extracts Market Revenues & Volume, By Boswellia Serrata, 2021- 2031F |
6.2.3 Colombia Boswellia Extracts Market Revenues & Volume, By Boswellia Carterii, 2021- 2031F |
6.2.4 Colombia Boswellia Extracts Market Revenues & Volume, By Boswellia Frereana, 2021- 2031F |
6.2.5 Colombia Boswellia Extracts Market Revenues & Volume, By Boswellia Sacra, 2021- 2031F |
6.2.6 Colombia Boswellia Extracts Market Revenues & Volume, By Boswellia Papyrifera, 2021- 2031F |
6.3 Colombia Boswellia Extracts Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Colombia Boswellia Extracts Market Revenues & Volume, By Pharmaceutical, 2021- 2031F |
6.3.3 Colombia Boswellia Extracts Market Revenues & Volume, By Food and Beverage, 2021- 2031F |
6.3.4 Colombia Boswellia Extracts Market Revenues & Volume, By Aromatherapy, 2021- 2031F |
6.3.5 Colombia Boswellia Extracts Market Revenues & Volume, By Others, 2021- 2031F |
7 Colombia Boswellia Extracts Market Import-Export Trade Statistics |
7.1 Colombia Boswellia Extracts Market Export to Major Countries |
7.2 Colombia Boswellia Extracts Market Imports from Major Countries |
8 Colombia Boswellia Extracts Market Key Performance Indicators |
8.1 Number of research studies conducted on boswellia extracts in Colombia |
8.2 Consumer awareness index regarding boswellia extracts |
8.3 Number of new product launches containing boswellia extracts in the market |
9 Colombia Boswellia Extracts Market - Opportunity Assessment |
9.1 Colombia Boswellia Extracts Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Colombia Boswellia Extracts Market Opportunity Assessment, By Species, 2021 & 2031F |
9.3 Colombia Boswellia Extracts Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Colombia Boswellia Extracts Market - Competitive Landscape |
10.1 Colombia Boswellia Extracts Market Revenue Share, By Companies, 2024 |
10.2 Colombia Boswellia Extracts Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |