Camphor Market: Global Industry Analysis and Forecast (2023-2029)

Camphor Market size was valued at US$ 427.03 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 5.7% through 2023 to 2029, reaching nearly US$ 629.48 Mn.
Market Overview:
Camphor is a combustible, waxy, translucent substance with a strong odour. C10H16O is the chemical formula for this terpenoid. Powder, Oil, Tablets are some of the types of form of camphor. Pharmaceutical, Agriculture, Food, Chemical, and others are the end use industries of camphor. Pharmaceutical end use industry dominates the global camphor market during the forecast period 2023-2029.

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Camphor Market Dynamics:
Due to the rising demand from the pharmaceutical, cosmetics, and chemical industries, the camphor market is expected to grow rapidly in the forecast period. Camphor is expected to hold a significant market share in these industries due to its usage in cough-relieving medicines, agricultural repellents, chemical solvents, and rubber. Camphor is also utilised as an insecticide in food storage facilities, which is contribute to the growth of this industry.

The increasing concern among the young and old about skin, hair, bone joints, and other body problems supports the growth of the Camphor market size over the forecast period. Increasing trendy and good-looking trends, on the other hand, add to the market's growth. Camphor is suited for usage in these applications because it is utilised as a solvent in creams, ointments, and lotions, as well as having antibacterial and antifungal characteristics. Camphor-containing lotions and creams are also used to reduce skin irritation and inflammation, as well as to improve skin's general appearance. Burn wounds can be treated using camphor balms and lotions.

The lack of consumer understanding about the use of camphor is hampering the market's growth. Camphor has a number of possible health benefits, but it also has a number of dangerous adverse effects if not used properly. Camphor, for example, when taken orally, might induce difficulty breathing, seizures, and death. Camphor's highly flammable nature also poses a challenge to the market's growth. The increased environmental concern, on the other hand, acts as a restraint on market growth.
Global Camphor Market Segment Analysis:
The Global Camphor Market is segmented by Form, and End Use Industry.

Based on the Form, the market is segmented into Powder, Oil, Tablets, and Others. Tablets form segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. This is due to the increased uses of tablets in the chemical and medicinal industries. Furthermore, the increased use of camphor tablets for religious rites in India as well as in agriculture as an insecticide drives the market forward. These are the major key drivers that boost the growth of the tablets segment in the global market during the forecast period 2023-2029.

Based on the End Use Industry, the market is segmented into Pharmaceutical, Agriculture, Food, Chemicals, and Others. Pharmaceutical segment is expected to hold the largest market share of xx% by 2029. The increasing application scope of camphor in medical compositions is responsible for this development. The increased popularity of private-label camphorated medical products in the United States, on the other hand, is fuelling market growth. Camphor is also used to treat coughs, congestion, and skin infections, as well as to relieve joint discomfort and swelling, which is expected to fuel market growth during the forecast period.
Camphor Market Regional Insights:
The Asia Pacific dominates the Global Camphor market during the forecast period 2023-2029. Asia Pacific is expected to hold the largest market share of 40% by 2029. Camphor trees are native to China, India, Mongolia, Japan, and Taiwan in the Asia Pacific region. Furthermore, the increasing consumer and e-commerce industries are helping Camphor increase its market share in the Asia Pacific region. Furthermore, the growing transportation industry, changing lifestyles, and rising disposable income are all driving this market's growth in the Asia Pacific region. These are the major drivers that boost the growth of this region in the Global market during the forecast period 2023-2029.

The objective of the report is to present a comprehensive analysis of the Global Camphor Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Camphor Market dynamic, structure by analyzing the market segments and project the Global Camphor Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Camphor Market make the report investor’s guide.
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Global Camphor Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 427.03 Mn.


Forecast Period 2023 to 2029 CAGR:
5.7%
Market Size in 2029:
US $ 629.48Mn.


 Segments Covered:
by Form
Powder
Oil
Tablets
Others


by End Use Industry
Pharmaceutical
Agriculture
Food
Chemicals
Others


by Grade
Pharmaceutical Grade
Food Grade
Industrial Grade


by Application
Plasticizers
Anti-bacterial agents
Skincare and Cosmetics
CBD lotions
Others



Camphor Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Camphor Market Key Players
1. Apt Exim
2. Beijing Herbal Health Biotech
3. Benefont
4. Camphor & Allied Products
5. Jadran Galenski Laboratorij
6. Malligha Asafoetida
7. Recochem
8. Fujian Green Pine
9. Hiya International
10. Ji’an Fine Chemicals
11. Hunan Nutramax
12. Saptagir Camphor Private Limited
13. Taiwan Tekho Camphor Co. Ltd.
14. Mothersparsh
15. Palm Organix
Frequently Asked Questions:
1] What segments are covered in Global Market report?
Ans. The segments covered in Global Camphor Market report are based on Form, End Use Industry, Grade and Application.

2] Which region is expected to hold the highest share in the Global  Market?
Ans. Asia Pacific is expected to hold the highest share in the Global Camphor Market.

3] Who are the top key players in the Market?
Ans. Apt Exim, Beijing Herbal Health Biotech, Benefont, Camphor & Allied Products, and Jadran Galenski Laboratorij are the top key players in the Global Camphor Market.

4] Which segment holds the largest market share in the Global market by 2029?
Ans. Pharmaceutical segment holds the largest market share in the Global Camphor market by 2029.

5] What is the market size of the Global Camphor market by 2029?
Ans. The market size of the Global Camphor market is US $ 629.48 Mn. by 2029.

6] What was the market size of the Global market in 2022?
Ans. The market size of the Global Camphor market was worth US $ 427.03 Mn. in 2022.