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. 

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.

Impact of COVID-19 Pandemic on Global Camphor Market

COVID-19 has created a health emergency globally with millions of deaths caused. This infection primarily attacks the respiratory system of the human body with coughing being a very common clinical symptom of its diagnosis. Camphor was being rapidly adopted as a home remedy to increase the oxygen level in the body and kill the surrounding pathogens from the air. This had drastically increased the demand for camphor globally when the other oxygen support systems were not available. This report will further cover the in-depth analysis of the COVID-19 pandemic in the DRI market.

Segmental Outlook 

The global camphor market is segmented based on the form and end user. Based on the form, the market is segmented into powder, oil, and tablets. Based on the end user, the market is sub-segmented into pharmaceutical, food & beverage, agrochemical, cosmetics & personal care, chemical, and others. The above-mentioned segments can be customized as per the requirements.

Global Camphor  Market Share by End User, 2020 (%)

The Pharmaceutical Sector is the Major End User of Camphor in the Market Globally.

The pharmaceutical sector is the major end-user of camphor where it is majorly used in medicines and inhalers for cough and cold, allergies, and congestion treatment. Moreover, camphor is also used as a solvent in creams, ointments, and lotions along with its antibacterial and antifungal properties to treat different types of body pains, aches, and burn wounds.

The personal care & cosmetics segment is expected to grow fastest in the market owing to the awareness of personal hygiene and beauty treatment. The growing trend toward natural cosmetic products is another factor driving the growth of the camphor market in the personal care & cosmetics segment.

Regional Outlooks

The global Camphor market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can also be analyzed for particular region or country level as per the requirement.

Global Camphor  Market Growth, by Region 2021-2027

The North America Holds the Major Share in the Global Camphor Market.

North America holds the major share in the global camphor market as the US alone had exported 63.6% of the total camphor trade globally during 2019. The value of camphor exported by the US during this period was $24.9 thousand. The Asia-Pacific region is the second dominating region in the global camphor market as China is the second major exporter of camphor in 2019, which had exported 35.5% of the total camphor trade globally. The value of camphor exported by China in 2019 was $13.9 thousand. We will further provide country-wise in-depth import-export trade analysis in this report.

Market Players Outlook

The major companies serving the global camphor market include Camphor & Allied Products Ltd., Patanjali Ayurved, Saptagir Camphor Ltd., Taiwan Tekho Camphor Co., Ltd., Palm Organix Co., Fujian Qingsong Co. Ltd., Benefont, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, Palm Organix Co. had launched new range of skincare products called ‘Zero THC CBD Lotion w/ Camphor’ in September 2019. This products include Phytocannabinoid-Rich Hemp Oil with Camphor and other essential oils like camphor oil to create a light fresh CBD lotion.

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.