According to our (Global Info Research) latest study, the global Galbanum Oil market size was valued at US$ 751 million in 2025 and is forecast to a readjusted size of US$ 1058 million by 2032 with a CAGR of 5.1% during review period.
Global sales of galbanum oil reached 632 tons in 2025, with an average price of US$1153/kg.
Galbanum Essential Oil is steam distilled from the resin of a flowering plant that is indigenous to Iran (Persia). Galbanum resin has been widely used as incense and in perfumery since ancient times.
The raw material for galbanum oil is the golden-green resin that oozes from the stems of *Ferula galbaniflua* after being cut or naturally damaged. The main production areas are Iran, northern Afghanistan, and Turkey. Harvesting relies on wild tapping. The resin contains 60-80% volatile terpenes. The raw material purchase price fluctuates with production volume and accounts for approximately 55-60% of the ex-factory cost. The factory steam distills the resin for 6-8 hours, yielding an oil yield of 15-20%. Subsequent processes include oil-water separation, crude oil refining, filtration, and bottling. Energy, labor, and testing account for 25-30% of the total cost. Therefore, for every 10% increase in resin price, the cost of the essential oil rises by 5-6%.
This report is a detailed and comprehensive analysis for global Galbanum Oil market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Galbanum Oil market size and forecasts, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/Kg), 2021-2032
Global Galbanum Oil market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/Kg), 2021-2032
Global Galbanum Oil market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (MT), and average selling prices (USD/Kg), 2021-2032
Global Galbanum Oil market shares of main players, shipments in revenue ($ Million), sales quantity (MT), and ASP (USD/Kg), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Galbanum Oil
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Galbanum Oil market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Plant Lipids, Botanic Healthcare, Mane Kancor, Berje, Ernesto Ventos, Robertet Group, Ultra International, Elixens, Ungerer and Company, Penta Manufacturing Company, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Galbanum Oil market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Compound Essential Oil
Unilateral Essential Oil
Market segment by Extraction Methods
Solvent Extraction
Supercritical CO₂
Steam Distillation
Market segment by Grades
Industrial Grade
Fragrance Grade
Market segment by Application
Perfume & Cosmetics
Pharmaceutical
Other
Major players covered
Plant Lipids
Botanic Healthcare
Mane Kancor
Berje
Ernesto Ventos
Robertet Group
Ultra International
Elixens
Ungerer and Company
Penta Manufacturing Company
IFF - LMR Naturals
Payan Bertrand
Augustus Oils
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Galbanum Oil product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Galbanum Oil, with price, sales quantity, revenue, and global market share of Galbanum Oil from 2021 to 2026.
Chapter 3, the Galbanum Oil competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Galbanum Oil breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Galbanum Oil market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Galbanum Oil.
Chapter 14 and 15, to describe Galbanum Oil sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Galbanum Oil. Industry analysis & Market Report on Galbanum Oil is a syndicated market report, published as Global Galbanum Oil Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Galbanum Oil market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.