FMI suggests the Boswellia serrata extract market was valued at USD 545.0 million in 2025, increased to USD 588.0 million in 2026, and is projected to reach USD 1,650.0 million by 2036. By segment, Standardized Extract Powder leads the Product Form category with a 48% share in 2026, while Dietary Supplements dominate the Application segment with a 52% share in 2026.