Myrrh Powder Market

Extensive Industrial Applications of Myrrh Powder are Powering Market Growth:

Due to its earthy aroma, Myrrh powder has been a favorite among all cultures. During ancient times, in Somalia and Ethiopia, Myrrh powder was used by people during embalming and as incense in funerals and cremations. 

Myrrh resins contain volatile oil and mucilage that have antimicrobial, deodorizing, antitumor, anti-inflammatory, and astringent effects. The powder extracted from it, i.e., myrrh powder can help in peristalsis and smoothening of muscles. That apart, this powder is also known to promote uterine blood flow. A considerable part of world myrrh production is used to make myrrh powder and myrrh oil. Due to its various benefits, the Myrrh powder market is anticipated to witness healthy growth in the years to come.

Global Myrrh Powder Market: Key Players

Some of the key suppliers and producers operating in the global Myrrh Powder market are 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 and JustIngredients Limited, among others.

Opportunities for Market Participants in the Myrrh Powder market

Myrrh powder has been used in various parts of the world for centuries now. The powder has since the start been used to create fragrances owing to its intoxicating scent. The cosmetic industry continues to use Myrrh powder for various applications.  This powder also finds diverse use in other industries, such as aromatherapy, food and beverages, etc. Thus, myrrh powder has thus been attracting manufacturers trying to enter the aforementioned markets.

Middle East countries are likely to witness robust growth in terms of production of myrrh and hence, myrrh powder. In Europe, companies in France have a plethora of opportunities for marketing gums and resins such as myrrh powder, Arabic gum and more. The French market for cosmetics and foods is propelled increasingly by a trend encouraging the purchase of natural products, as social and environmental issues grow into a crucial factor to consumers’ choice. The manufacturers are increasingly looking for new natural ingredients to include in their portfolio. This trend is aiding the market growth in Europe.

The myrrh powder market in Asia Pacific, especially in India, is anticipated to be lucrative in terms of revenue generation due to the abundance of raw material.

Brief Approach to Research

The analysis of the myrrh powder market will be done on a modeling-based approach and triangulation methodology to estimate data covered in this report. A detailed myrrh powder market understanding and assessment of the flavor, application and encapsulation process of the segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data of the myrrh powder market are collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.