Camphor Market to see Rapid Growth by 2028
The global camphor market is anticipated to grow at a significant CAGR of 7.2% during the forecast period. Camphor has been widely used as a fragrance agent in cosmetics, as a food flavoring agent, as a common ingredient in household cleaners, as well as in topically applied analgesics and rubefacients for the treatment of minor muscle aches and pains. This wide application of camphor keeps its demand consistent throughout the year. Traditionally, camphor is obtained through the distillation of the wood of the camphor tree to obtain the major essential oil component of many aromatic plant species, as it is biosynthetically synthesized. Now, camphor can also be chemically synthesized using mainly turpentine as a starting material. Camphor exhibits a number of biological properties such as insecticidal, antimicrobial, antiviral, anticoccidial, anti-nociceptive, anticancer, and antitussive activities, in addition to its use as a skin penetration enhancer. Such properties of camphor will keep the growth of the market consistent during the forecast period.
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However, camphor is a very toxic substance and numerous cases of camphor poisoning have been reported every year globally. Moreover, camphor is a flammable substance and its mishandling can lead to a major accident which can cause severe loss of resources. Such factors are expected to hinder the market growth of camphor during the forecast period. This report will further provide an in-depth analysis of all the factors that are directly or indirectly impacting the market growth of camphor.
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· Market Coverage
· Market number available for – 2022-2028
· Base year- 2021
· Forecast period- 2022-2028
· Segment Covered- By Source, By Product Type, By Applications
· Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
· Inc., and others
Market Segmentation
Global Camphor Market by Form
o Powder
o Oil
o Tablets
Global Camphor Market by End User
o Pharmaceutical
o Food & Beverage
o Agrochemical
o Cosmetics & Personal Care
o Chemical
o Others
Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
o Rest of the World
Company Profiles
o adran Galenski Laboratorij
o Apt Exim
o Beijing Herbal Health Biotech LLC
o Benefont
o Camphor & Allied Products Ltd.
o Fujian Qingsong Co. Ltd.
o HIYA INTERNATIONAL
o Hunan Nutramax Inc.
o Kanchi Karpooram Ltd.
o Mangalam Organics Ltd.
o Mother Sparsh
o Oriental Aromas Ltd.
o Palm Organix Co.
o Patanjali Ayurved
o Saptagir Camphor Ltd.
o Suzhou Youhe Science and Technology Co., Ltd.
o Taiwan Tekho Camphor Co., Ltd.
o Wuzhou Huangpu Chemical Pharmaceutical Co, Ltd.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global camphor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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