Frankincense oil is extracted through steam distillation of the resin obtained from the tree’s bark. This yields a pale-yellow liquid with a warm, spicy, and balsamic aroma. Frankincense oil is valued for its anti-inflammatory, antiseptic, and spiritual properties. It is used in aromatherapy to promote relaxation and reduce stress. Indian frankincense oil has emerged as a reliable option in the global market. There is increased demand for the Indian product as political instability in major African producing areas has disrupted global supply chains. There is a consistent high demand for the product and supply is unable to meet this demand. This has resulted in a steady increase in price. Higher quality material is attracting a premium in the market due to the declining yield.