The Global Olibanum Gum Market was valued at USD 52.8 Million in 2023 and is projected to reach USD 74.3 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period (2023–2030). This sustained growth is primarily driven by rising consumer demand for natural ingredients in the fragrance, pharmaceutical, and personal care sectors, alongside the resin’s established use in religious and cultural ceremonies worldwide.

As industries pivot towards sustainable and natural raw materials, the focus intensifies on the key suppliers and processors who control the supply chain of this precious resin, also known as frankincense. In this blog, we profile the Top 10 Companies in the Olibanum Gum Industry—a mix of established traders, processors, and innovators who are shaping the market dynamics and ensuring the sustainable harvest of this ancient commodity.

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🔟 1. Alfarid

Headquarters: Jeddah, Saudi Arabia
Key Offering: Premium Grade Olibanum Gum, Essential Oils

Alfarid is a prominent supplier of natural gums and resins from the Middle East and North Africa region. The company has built a strong reputation for sourcing high-quality Olibanum gum directly from harvesters in Somalia and Oman, ensuring traceability and quality control from tree to customer.

Sustainability Initiatives:

• Direct partnerships with local harvesting communities to promote fair trade practices.

• Investment in initiatives focused on the sustainable tapping of Boswellia trees to prevent over-exploitation.

• Implementation of quality standards that ensure only ethically sourced gum enters the supply chain.

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9️⃣ 2. East African Gum Trading

Headquarters: Addis Ababa, Ethiopia
Key Offering: Ethiopian Olibanum (Borena Grade), Raw Frankincense Tears

Specializing in gums from the Horn of Africa, East African Gum Trading is a key player for Ethiopian-origin Olibanum. The company leverages its proximity to major Boswellia forests to supply the global market with distinctive grades like Borena, known for its citrusy and fresh aroma profile.

Sustainability Initiatives:

• Active involvement in community-based conservation programs for Boswellia woodlands.

• Promotion of sustainable harvesting techniques to ensure long-term resin production.

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8️⃣ 3. Babulal Sarabhai

Headquarters: Mumbai, India
Key Offering: Processed Olibanum Gum, Powdered Frankincense

With a long-standing history in the botanical trade, Babulal Sarabhai is a major processor and exporter of Olibanum gum in Asia. The company imports raw resin and processes it into various forms—including powder and cleaned tears—catering to the specific needs of the pharmaceutical and incense industries.

Sustainability Initiatives:

• Focus on energy-efficient processing methods to reduce the environmental footprint.

• Commitment to sourcing from suppliers who adhere to sustainable wildcrafting principles.

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Olibanum Gum Market – View in Detailed Research Report

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7️⃣ 4. Penn Herb

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Therapeutic Grade Olibanum, Frankincense Resin for Dietary Supplements

Penn Herb is a well-known supplier to the nutraceutical and wellness industries in North America. They offer Olibanum gum specifically graded for its therapeutic properties, primarily targeting manufacturers of dietary supplements, herbal extracts, and traditional medicines.

Sustainability Initiatives:

• Rigorous testing for purity and potency to ensure product efficacy and consumer safety.

• Support for sustainable sourcing verification through third-party audits of their supply chain.

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6️⃣ 5. HPI Gums

Headquarters: Hyderabad, India
Key Offering: Olibanum Gum Powder, Industrial Grade Frankincense

HPI Gums specializes in the processing and distribution of a wide range of natural gums. Their strength lies in supplying standardized Olibanum gum powder to industrial clients in the fragrance, flavor, and adhesive sectors, where consistent quality and bulk availability are critical.

Sustainability Initiatives:

• Investment in modern processing facilities that minimize waste and water usage.

• Development of relationships with exporters who provide documentation on sustainable harvesting.

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5️⃣ 6. Madina Industrial

Headquarters: Sana’a, Yemen
Key Offering: High-Quality Yemeni Olibanum, Sacred Frankincense

Madina Industrial is a key supplier of Yemeni Olibanum, which is often considered among the finest grades available due to its complex aroma. The company has deep roots in the region and manages a significant portion of the trade in this prized resin, despite logistical challenges.

Sustainability Initiatives:

• Efforts to maintain traditional harvesting methods that have been used for centuries.

• Community support programs for harvesters in remote regions of Yemen.

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4️⃣ 7. Norevo GmbH

Headquarters: Hamburg, Germany
Key Offering: Refined Olibanum Extracts, Food-Grade Frankincense

Norevo is a major European distributor of raw materials for food, pharmaceuticals, and cosmetics. They offer refined Olibanum products, including extracts and essential oils, meeting the stringent quality and regulatory requirements of the European market.

Sustainability Initiatives:

• Adherence to EU regulations on importing natural products, which include sustainability criteria.

• Partnership with suppliers who are certified for sustainable and ethical practices.

Download FREE Sample Report:
Olibanum Gum Market – View in Detailed Research Report

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3️⃣ 8. Afrinatural Holdings

Headquarters: Nairobi, Kenya
Key Offering: Somali Olibanum (Tigraye Grade), Raw Resin

Afrinatural Holdings operates across East Africa, specializing in the export of natural products. They are a vital link for Somali Olibanum, particularly the Tigraye grade, connecting harvesters with international buyers in the perfume and incense industries.

Sustainability Initiatives:

• Implementation of traceability systems to track gum from specific regions and harvests.

• Support for initiatives that provide economic stability to harvesting communities, discouraging unsustainable practices.

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2️⃣ 9. SA Herbal Bioactives

Headquarters: Johannesburg, South Africa
Key Offering: Standardized Olibanum Extract, Boswellia Serrata Powder

While focusing on a range of herbal extracts, SA Herbal Bioactives has a significant operation around Olibanum, particularly Boswellia serrata extract used in anti-inflammatory supplements. They cater to the growing wellness and pharmaceutical sectors with standardized active ingredients.

Sustainability Initiatives:

• Research into cultivated sources of Boswellia to reduce pressure on wild populations.

• Quality control processes that ensure sustainable sourcing is a key vendor selection criterion.

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1️⃣ 10. Gum Arabia

Headquarters: Muscat, Oman
Key Offering: Royal Hojari Frankincense, Premium Omani Olibanum

Gum Arabia is a specialist supplier of the world-renowned Omani frankincense, particularly the greenish Hojari grade, which commands a premium price. The company works directly with Omani harvesters to bring this highest quality resin to the global luxury fragrance and niche wellness markets.

Sustainability Initiatives:

• Commitment to preserving the ancient Frankincense Trail heritage and its associated ecosystems.

• Promotion of the cultural value of Omani frankincense to ensure its sustainable economic future.

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Olibanum Gum Market – View in Detailed Research Report

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🌍 Outlook: The Future of Olibanum Gum Is Rooted in Sustainability and Science

The Olibanum gum market is experiencing a renaissance, fueled by a global shift towards natural products. While traditional uses in incense and perfumery remain strong, new applications in health and wellness are driving innovation and value addition.

📈 Key Trends Shaping the Market:

• Scientific Validation: Growing body of research supporting the health benefits of Boswellic acids is expanding pharmaceutical and nutraceutical applications.

• Sustainability Imperative: Increased focus on the conservation of Boswellia populations is leading to more certified and traceable supply chains.

• Premiumization: Rising demand for high-grade, single-origin Olibanum in luxury perfumery and niche consumer goods.

• Supply Chain Modernization: Digital tools and improved logistics are enhancing transparency and efficiency from remote harvesting areas to global markets.

The companies listed above are not only trading an ancient resin—they are stewards of a valuable natural resource, navigating the challenges of sustainability while meeting the demands of a modern global market.

Get Full Report Here:
Olibanum Gum Market – View in Detailed Research Report