How Big Is the Camphor Market | Trends 2031

Q: How big is the camphor market?

The market was estimated at USD 499 million in 2024 and is projected to reach USD 789 million by 2031.

Q: What drives the growth of the camphor market?

Pharmaceutical demand, religious use, and applications in cosmetics are major growth drivers.

Q: What are the key trends in the camphor industry?

Rising use of synthetic camphor, plant-based cosmetics, and eco-friendly extraction methods.

Q: Who are the top players in the camphor market?

Leading players include Mangalam Organics, Kanchi Karpooram, and Recochem Inc.

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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA5557

Publication Date: Jul 2025

What is the size of the Camphor Market?

According to 6Wresearch internal database and industry insights, the Global Camphor Market was demonstrated around USD 499 million in 2024 and is projected to reach USD 789 million by 2031, growing at a CAGR of 7.4% during the forecast period 2025â€“2031.

The growth of market is driven by the rising demand for camphor across pharmaceutical, cosmetic, and religious applications is fuelling market expansion, especially in Asia-Pacific and emerging regions.

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Key Growth Factors of the Camphor Market

Rising use in topical pain relief and cough suppressant products
Expanding demand in religious rituals and incense manufacturing
Growth in the personal care and cosmetics sector
Increased production of camphor-based balms and essential oils
Availability of synthetic camphor enhancing industrial applications

Camphor Market Trends

The camphor market is transforming over the years with some strong trends which include the rising adoption of synthetic camphor due to consistency and large-scale availability. In pharmaceuticals, demand of camphor is growing for camphor-infused pain relief and anti-inflammatory products.
Further, natural camphor is also gaining popularity in organic cosmetic formulations and aromatherapy due to rising preference for plant-based ingredients.

Emerging Developments in the Camphor Market

Camphor market is seeing new developments with emphasizing focus by the manufacturers on green extraction processes to meet demand for eco-friendly camphor. Additionally, camphor is being tested in bio-based repellents and herbal formulations. At the other side, the innovations in packaging and purity enhancement are helping brands expand into global wellness markets, especially in Europe and North America.