According to a new market report published by Acute Market Reports “Camphor Tablets Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2023 - 2030,” the camphor tablets market is expected to reach US$ 261.6 Mn by 2030, expanding at a CAGR of 7.6% from 2023 to 2030.
Browse the full Camphor Tablets Market for Pharmaceuticals, Food, Chemicals, Agriculture and Other Applications- Growth, Share, Opportunities, Competitive Analysis, and Forecast 2023 – 2030 report at https://www.acutemarketreports.com/report/camphor-tablets-market
Market Insights
Camphor tablets are witnessed to experience high demand from various end-users in the global market. Owing to the benefits provided by camphor for various applications has led to high demand for camphor tablets in the market. Camphor provides high medicinal benefits such as pain and swelling reduction, relief from congestion and cough, relives worn out muscles, sprains, etc. Camphor is also used in manufacturing wide range of ayurvedic medicines. Growing demand from the pharmaceutical industry has therefore led to high demand for camphor tablets in the market.
India is a religious country. Therefore, camphor is used on a large scale in temples for religious ceremonies. Camphor is believed to be holy and is used in all types of ceremonies conducted in the temples. The vadoo rituals use camphor as the most sacred and holy stuff to offer it to moon goddess on a new moon day. They perform this activity to thank her for abundant blessings. These religious beliefs and rituals have created strong demand for camphor tablets in the market. Therefore, India is expected to boost market growth of camphor tablets in the near future. Camphor is said to be a n excellent insect and moth repellent. Therefore, camphor tablets are used in the agriculture industry to keep away insects from the crops and plants. Rising demand from the agriculture sector is also projected to fuel demand for camphor tablets during the forecast period.
Competitive Insights:
Pharmaceutical was the leading end-user segment with more than 30% share of global camphor tablets market. The medicinal properties of camphor have led to high demand for manufacturing different types of medicines for different pains and diseases. Camphor tablets are also used in manufacturing wide range of ayurvedic medicines. Hence, pharmaceutical is expected to create strong demand for camphor tablets in the market. Food accounted to be the second largest application of camphor tablets as it is used as essence in various food products. Camphor is used in making a variety of sweets and sweet dishes. Europe consumes camphor for the preparation of savory and sweet dishes. It is an important ingredient in Arabian cookbooks. In India, it is used as essence in some dessert dishes. Food is also anticipated to boost the growth of camphor tablets in the market. Other end-user industries such as agriculture and chemicals are also expected to boost market demand for camphor tablets during the forecast period.
Key Trends:
