The Global Loban Market was valued at US$ 142.6 Million in 2022 and is projected to reach US$ 218.5 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period (2022–2030). This growth is being driven by surging demand in perfumes, cosmetics, and traditional medicine, alongside rising interest in natural ingredients for aromatherapy and pharmaceuticals from emerging markets in Asia and the Middle East.

As the fragrance and wellness industries shift toward sustainable, natural sourcing, the focus turns to key suppliers ensuring quality and ethical production of Loban, or frankincense resin. In this blog, we profile the Top 10 Companies in the Loban Market—a blend of traditional harvesters, processors, and global distributors shaping the future of this ancient commodity.

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🔟 1. Alfarid

Headquarters: Dubai, UAE
Key Offering: Premium Loban resin lumps, powdered frankincense, essential oils

Alfarid stands as a prominent exporter of high-grade Loban from Somali and Omani origins, catering to international markets in perfumes and incense. With a robust supply chain, the company ensures consistent quality through direct partnerships with regional harvesters, serving clients in Europe, Asia, and North America.

Sustainability Initiatives:

• Ethical harvesting practices to protect Boswellia trees

• Certifications for organic and fair-trade Loban

• Investments in reforestation in key production areas

Download FREE Sample Report: Loban Market – View in Detailed Research Report

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9️⃣ 2. Babulal Sarabhai & Co

Headquarters: Ahmedabad, India
Key Offering: Loban powder, resin granules, incense blends

Babulal Sarabhai & Co has been a staple in India’s Loban trade for decades, specializing in processed forms for religious and medicinal uses. The company supplies to domestic markets and exports to Southeast Asia, emphasizing traditional processing methods that preserve the resin’s aromatic properties.

Sustainability Initiatives:

• Source from sustainable farms in India and Oman

• Focus on low-impact drying and grinding techniques

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8️⃣ 3. SARF COMMODITIES DMCC

Headquarters: Dubai, UAE
Key Offering: Bulk Loban lumps, distilled oils, custom formulations

SARF COMMODITIES DMCC excels in commodity trading of Loban, connecting Middle Eastern producers with global buyers in the cosmetic and pharmaceutical sectors. Operating from Dubai’s free trade zones, it facilitates seamless logistics for high-volume shipments while maintaining stringent purity standards.

Sustainability Initiatives:

• Traceability programs from harvest to delivery

• Partnerships for community development in sourcing regions

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7️⃣ 4. Krystal Colloids

Headquarters: Jaipur, India
Key Offering: Organic Loban powder, resin extracts, herbal products

Krystal Colloids is known for its innovative processing of Loban into fine powders and extracts, targeting the growing natural health supplement market. Based in India, the company has expanded its reach to wellness brands worldwide, leveraging advanced colloid technology for better solubility in formulations.

Sustainability Initiatives:

• Organic certification and pesticide-free sourcing

• Research into regenerative agriculture for Boswellia

Download FREE Sample Report: Loban Market – View in Detailed Research Report

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6️⃣ 5. Kanu Krishna Corporation

Headquarters: Mumbai, India
Key Offering: Raw Loban resin, powdered forms, incense sticks

Kanu Krishna Corporation supplies premium Loban to the incense and perfume industries across India and exports to the US and Europe. With a focus on quality grading, it sources directly from Yemen and Somalia, ensuring vibrant aroma and therapeutic efficacy for end-users.

Sustainability Initiatives:

• Support for local cooperatives in harvesting communities

• Eco-friendly packaging to reduce waste

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5️⃣ 6. Outlook International

Headquarters: New Delhi, India
Key Offering: Loban essential oils, resin chunks, blended fragrances

Outlook International is a key player in the export of Loban products, serving the global aromatherapy market with high-purity resins and oils. The company invests in distillation technologies to extract volatile compounds, making it a preferred supplier for medicinal and cosmetic applications.

Sustainability Initiatives:

• Current production capacity: Over 500 tons annually

• Target: Expand to 1,000 tons by 2027 through sustainable scaling

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4️⃣ 7. Young Living Essential Oils

Headquarters: Lehi, Utah, USA
Key Offering: Frankincense (Loban) essential oil, resin products

Young Living leads in the US market for therapeutic-grade Loban oils, sourcing from sustainable farms in Oman and Somalia. Its direct-selling model reaches wellness consumers globally, with a strong emphasis on the resin’s anti-inflammatory benefits in personal care.

Sustainability Initiatives:

• Seed to Seal commitment for purity and ethical sourcing

• Reforestation projects in native Boswellia regions

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3️⃣ 8. doTERRA

Headquarters: Pleasant Grove, Utah, USA
Key Offering: Boswellia (Loban) oil, resin supplements

doTERRA sources Loban from cooperative farms in the Middle East, producing certified pure oils for medicinal use. The company has grown rapidly due to demand in natural health products, supplying to distributors in over 100 countries.

Sustainability Initiatives:

• Co-Impact Sourcing model benefiting local harvesters

• Training programs for sustainable tree tapping

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2️⃣ 9. Eden Botanicals

Headquarters: Petaluma, California, USA
Key Offering: Organic Loban resin, CO2 extracts, absolutes

Eden Botanicals specializes in botanical extracts, including premium Loban for perfumers and formulators. With a focus on organic certification, it imports from ethical sources and provides detailed GC/MS testing to verify authenticity and quality.

Sustainability Initiatives:

• Partnerships with wild-harvested suppliers

• Advocacy for biodiversity in resin-producing ecosystems

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1️⃣ 10. Mountain Rose Herbs

Headquarters: Eugene, Oregon, USA
Key Offering: Organic Loban tears, powders, herbal blends

Mountain Rose Herbs is a leader in organic herbs and spices, offering sustainably sourced Loban for incense, teas, and rituals. It emphasizes fair trade and transparency, serving the natural products industry with eco-conscious packaging and education on uses.

Sustainability Initiatives:

• Comprehensive organic supply chain from origin to retail

• Community support in Oman and Yemen for harvesters

Get Full Report Here: Loban Market – View in Detailed Research Report

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🌍 Outlook: The Future of Loban Is Sustainable and Innovative

The Loban market is evolving rapidly as consumers seek natural alternatives in wellness and fragrances. While traditional lump forms remain dominant, investments in powdered variants, extracts, and sustainable harvesting are transforming supply chains and opening new applications in pharmaceuticals and cosmetics.

📈 Key Trends Shaping the Market:

• Expansion of organic and certified sustainable Loban in Europe and North America

• Rising demand for Loban in anti-aging cosmetics and immune-boosting supplements

• Digital platforms streamlining B2B trade and traceability

• Collaborations between producers and brands for custom formulations

Get Full Report Here: Loban Market – View in Detailed Research Report

The companies profiled here are not only supplying the aromatic essence of Loban—they’re fostering a sustainable legacy for this timeless resin in modern industries.

Download FREE Sample Report: Loban Market – View in Detailed Research Report