The Global Loban Market was valued at US$ 215.6 Million in 2023 and is projected to reach US$ 298.1 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period (2024–2030). This steady growth is primarily driven by the expanding demand for natural and organic ingredients in the perfume and aromatherapy industries, coupled with the rising use of Loban in medicinal and wellness applications.

As the demand for authentic, natural resins with deep cultural and therapeutic significance increases, the focus shifts to the key global suppliers and processors who ensure the purity, sustainability, and distribution of this precious commodity. In this blog, we profile the Top 10 Companies in the Loban Industry—a diverse group of traders, processors, and distributors connecting ancient sources with modern global markets.

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🔟 1. Alfarid

Headquarters: Salalah, Oman
Key Offering: Premium Grade Omani Frankincense (Hojari), Loban Resin, Essential Oils

Alfarid is a renowned name directly sourcing from the Dhofar region of Oman, famous for producing the highest quality Frankincense (Boswellia sacra). The company specializes in hand-selected resin tears, ensuring exceptional purity and aromatic properties for discerning clients in the perfume and pharmaceutical industries.

Sustainability Initiatives:

• Direct partnerships with local harvesters practicing sustainable tapping methods
• Investment in community development projects in source regions
• Commitment to traceability and ethical sourcing certifications

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9️⃣ 2. Babulal Sarabhai & Co.

Headquarters: Mumbai, India
Key Offering: Indian Loban (Salai Guggul), Powdered Resin, Medicinal Gum Resins

Babulal Sarabhai & Co. is a leading supplier of Indian Frankincense (Boswellia serrata), commonly known as Salai Guggul. With a history spanning decades, the company has established a robust supply chain from forests in India, catering primarily to the Ayurvedic medicine, incense, and cosmetic industries.

Sustainability Initiatives:

• Promotion of sustainable harvesting practices among tribal communities
• Support for reforestation efforts in Boswellia-growing regions

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8️⃣ 3. SARF COMMODITIES DMCC

Headquarters: Dubai, United Arab Emirates
Key Offering: Somali & Ethiopian Frankincense, Raw Loban, Processed Granules

SARF COMMODITIES DMCC operates as a major trading hub for Loban in the Middle East, facilitating the global distribution of resins sourced from Somalia and Ethiopia. Their strategic location in Dubai allows them to serve markets across Asia, Europe, and North America efficiently.

Sustainability Initiatives:

• Engagement in supply chain transparency initiatives
• Compliance with international trade regulations for natural commodities

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7️⃣ 4. Krystal Colloids

Headquarters: Mumbai, India
Key Offering: Boswellia Serrata Extract, Loban Powder, Standardized Resin Extracts

Krystal Colloids is a key processor that adds significant value to raw Loban resin. The company specializes in producing finely powdered Loban and standardized Boswellia extracts with high concentrations of active compounds like AKBA (Acetyl-11-keto-beta-boswellic acid) for the nutraceutical and pharmaceutical sectors.

Innovation Focus:

• Advanced extraction and purification technologies
• Development of solvent-free processing methods

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6️⃣ 5. Kanu Krishna Corporation

Headquarters: Kolkata, India
Key Offering: Loban Dhoop, Incense Sticks, Frankincense Resin Lumps

Kanu Krishna Corporation is a prominent manufacturer of incense products, with Loban being a critical ingredient in their premium dhoop and agarbatti ranges. They source raw materials directly and process them into consumer-ready aromatic products for both domestic and international markets.

Market Reach:

• Extensive distribution network across India
• Exports to over 30 countries worldwide

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5️⃣ 6. Outlook International

Headquarters: Delhi, India
Key Offering: Organic Loban, Essential Oils, Aromatherapy Blends

Outlook International caters to the growing global demand for certified organic and natural wellness products. They supply organic Frankincense resin and derived essential oils, targeting the high-end aromatherapy, natural perfume, and holistic health markets.

Sustainability Initiatives:

• Certification for organic and wild-harvested products
• Focus on fair trade principles with source communities

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4️⃣ 7. Enzo Fragrances Pvt. Ltd.

Headquarters: Kannauj, India
Key Offering: Loban Attar, Frankincense Perfume Bases, Resinoid Extracts

Enzo Fragrances is a specialist in the traditional art of attar making, using Loban to create deep, resinous perfume notes. They are a key supplier to the fragrance industry, providing both raw resin and refined perfume ingredients that capture the essence of Frankincense.

Key Strengths:

• Expertise in hydro-distillation and enfleurage techniques
• Custom formulation services for niche perfumers

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3️⃣ 8. Green Valley Natural

Headquarters: Auckland, New Zealand
Key Offering: Therapeutic Grade Frankincense Oil, Resin for Burning, Wellness Packs

Green Valley Natural focuses on the therapeutic and wellness applications of Loban. They import high-quality resins and oils, ensuring they meet stringent purity standards for use in diffusers, massage blends, and spiritual practices by wellness practitioners and consumers.

Quality Assurance:

• Rigorous testing for purity and adulteration
• Transparent sourcing from identified regions

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2️⃣ 9. Meena Perfumery

Headquarters: Mumbai, India
Key Offering: Loban Batti (Incense Cones), Dhoop Cones, Scented Powders

Meena Perfumery is a household name in India for incense products. Their Loban batti, used in religious and domestic settings for purification, represents a significant volume of processed resin. They have mastered the art of blending Loban with other natural aromatics.

Market Penetration:

• Dominant presence in the Indian retail incense market
• Strong brand recognition for traditional fragrance products

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1️⃣ 10. Norex Flavours Pvt Ltd

Headquarters: Mumbai, India
Key Offering: Loban Food Grade, Natural Flavors, Confectionery Ingredients

Norex Flavours operates in the specialized niche of food-grade Loban. While less common, Loban is used as a natural flavoring agent in certain confectioneries and traditional foods. Norex ensures its products meet food safety standards for this unique application.

Regulatory Compliance:

• Adherence to FSSAI and international food safety norms
• Development of purified, contaminant-free extracts

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🌍 Outlook: The Future of Loban is Rooted in Sustainability and Science

The Loban market is experiencing a renaissance, driven by a confluence of ancient tradition and modern scientific validation. While traditional uses in incense and ceremony remain strong, the industry is being reshaped by new applications in wellness, medicine, and natural product formulations.

📈 Key Trends Shaping the Market:

• Growing consumer preference for natural, plant-based ingredients in cosmetics and wellness products
• Increased scientific research validating the anti-inflammatory and therapeutic properties of Boswellic acids
• Rising demand for transparency, ethical sourcing, and sustainability certifications in the supply chain
• Expansion of aromatherapy and holistic wellness practices in Western markets

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Loban Market – View in Detailed Research Report

The companies listed above are not only supplying a ancient resin—they’re curating a bridge between heritage and health for the modern world.

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