Growing Acceptance or Adoption of Camphor to Augment the Camphor Market Growth

SEATTLE, WA, US, January 13, 2022 /EINPresswire.com/ -- Growing Acceptance or Adoption of Camphor to Augment the Camphor Market Growth , Camphor (C10H16O) is a clear solid derived from the camphor laurel tree's wood. Camphor is a flammable substance with a strong odour. It can be extracted naturally from the tree or manufactured synthetically from turpentine oil.

Market Overview:

Camphor is a powder that originally came from the bark and wood of the camphor tree. It is widely used in some skin care products, including some FDA (Food and Drug Administration) approved treatments. It is also used in remedies for cough and skin irritation. Camphor has a variety of topical uses due to its antifungal, antibacterial, and anti-inflammatory properties. It can be used to improve respiratory function, treat skin conditions, and relieve pain.

Moreover, the strong aroma associated with camphor has attracted its use in many ointments, inhalants, and oils, especially as a remedy for the common cold. Camphor based substances are available in various forms. However, the US FDA has banned camphor related substances from any medicinal or edible form, due to its addictive properties. Camphor oil may also be used to treat acne, hair loss, warts, cold sores, earaches, hemorrhoids, poor blood circulation, anxiety, heart disease symptoms, low libido, flatulence, muscle spasms, and depression.

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Competitive Landscape:

Major players operating in the global camphor market are Taiwan Tekho Camphor Co., Ltd, Oriental Aromas Ltd., and Hiya International.

Key Market Drivers:

Increasing demand for camphor in the pharmaceutical/healthcare industry due to its medicinal properties is expected to propel growth of the camphor market during the forecast period. For instance, camphor is an FDA-approved topical antitussive (anti-cough), as well as it is an FDA-approved topical analgesic and anesthetic used to relieve pain. In August 2021, BOHECO Life, India based company, launched its new Muscle Relief Oil, aimed towards recuperation, muscle health, and regeneration of strength. Cannabis Leaf Extract, Peppermint, and Camphor play a vital role in the success of this product given their specific purpose in providing instant relief.

Moreover, growing acceptance or adoption of camphor in healthcare, agriculture, chemicals, food, and personal care and beauty industry is expected to augment the growth of the camphor market. For instance, in September 2021, Shubhkart announced a campaign to launch a new product categories to drive brand awareness. The camphor products range will be marketed and distributed under the brand Surabhi, offering 100% real camphor across all types of pack sizes as per different consumer needs.

COVID-19 Impact Analysis:

Due to the rapid rise in deaths resulted from COVID-19 infection, the identification of drugs against this virus is an important requirement. Natural products serve as a source of beneficial chemical molecules for the development of effective treatments. For instance, in September 2020, the Defence Institute of Advanced Technology, a Deemed to be University in Pune, India developed a herbal-based immunity-boosting room freshener product named ‘Healthy Air’ to contain the spread of COVID-19. Healthy Air is developed using various extracts of herbal oils such as Neelgiri, Neem, Camphor, Daalcheeni, Lemon, Tulsi, Turmeric, Ajwain, Lavender, Laung, Elaichi, Natural Vetiveru, Turmeric, Pine Oil, and Raimuniya.

Key Takeaways:

The camphor market is expected to exhibit a CAGR of during the forecast period owing to the introduction of novel camphor products in the market. For instance, in August 2021, Zed Black launched all-new Aarogyam camphor incense sticks, to relax mind, body, and soul. The innovative charcoal free, healing series with camphor, cinnamon, tulsi, and kewda scented incense sticks to help user meditate holistically.

Among regions, North America and Asia Pacific are expected to witness robust growth in the camphor market due to the increasing demand for camphor, increase in prevalence of skin problems, and increasing awareness among people about the medicinal properties of camphor in these regions. For example, according to the American Academy of Dramatic Arts (AADA), acne is the most common skin condition in the United States, affecting up to 50 million Americans annually.

Market Taxonomy

On the basis of product type, the global camphor market is segmented into:

Capsule
Powder
Oil

On the basis of application, the global camphor market is segmented into:

Pharmaceutical
Agriculture
Food
Chemicals
Others

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