The global camellia oil market size was USD 47,680 million in 2020. The COVID-19 pandemic has negatively affected several markets globally. This market is expected to grow slowly during the COVID-19 pandemic. As per our research, the market is projected to touch USD 1,21,510 million by 2026, exhibiting a CAGR of 26.3% during the forecast period. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Camellia oil, also known as tea seed oil, is an edible oil extracted from seeds of camellia japonica, a member of the Theaceae family. It is an edible oil with a sweet and herbal smell. It is mainly grown in South China and is rich in antioxidants which lowers blood pressure and neurological functions. The industry is knowingly sustained by its food and cosmetic industry consumption. It is widely used in several products in the cosmetic industry, such as hair oil, skin care, shampoos, and others, owing to its antioxidants properties, thereby driving the market growth.
The demand for the product is anticipated to witness growth in various regions during the forecast period. Consumers nowadays prefer cosmetic products made from organic ingredients, as they are becoming aware of the ill effects of synthesized products. To meet the customers' demand, new players are entering the market. The production and consumption rate of the product is expected to rise simultaneously.
"COVID-19 Impact: Shutdown of Restaurants and Supply Network Disruption to Impede Sales. "
However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been momentarily stopped or are operative with a marginal workforce due to enforced lockdowns and forced restrictions by respective governing organizations. The pandemic had a significant impact on the camellia oil market. The demand for various cooking oils has declined due to the shutdown of multiple restaurants. The pandemic had a diverse effect on food & beverage manufacturers as they were concerned about preventing viral infections. The demand for essential oils is shattered throughout end markets, global supply networks are being disrupted, and company stock prices have taken unprecedented hits. The imports and exports of oil have been affected drastically because of the travel restrictions during the lockdown. Firms that were successful in their operations established the correct mix between social distance and keeping plants operational to deliver essential supplies for society: antiseptics, disinfectants, protective packaging, and other items required to combat the pandemic. These factors are likely to drive the camellia oil market growth.
"Increasing Adoption in Various Applications to Bolster Market Progress"
The product is used in various medical, food, and skin care applications. It contains antioxidant properties, beneficial in dietary food for health-conscious people. It is used as a medicine and provides treatment for various diseases such as liver fibrosis, ulcers, heart diseases, and blood pressure. The oil is trans-fat-free, reducing the risk of heart diseases as it is natural oil.
An investigation has revealed that the product can be favorable for skin barriers. It is used to treat rough patches and lock in moisture into the skin. It can similarly reduce wrinkles on the skin and keep it fresh and healthy. It is an ideal remedy for people with skin problems.
"Increasing Demand for Natural Ingredients to Facilitate Industry Progress"
The call for natural ingredients has recently been on the upswing due to the rising awareness about the benefits of natural ingredients and the growing disposable income, which marks people spending additional on luxurious natural products. The increasing health awareness among people fuels this demand further by leading to more substantial spending on good-quality raw goods, which would deliver long-term effects.
Few manufacturers through various industries are evolving new ways of including natural and healthy ingredients in their preparations for providing maximum benefits to the consumers. 'Natural claims' broadly impact the consumption of food & beverage and cosmetic uses. Oils provide that natural flavor and fragrance across several industries such as food & beverage, cosmetics, and medical, which builds numerous prospects for the market.
"Growing Adoption by Manufacturers to Magnify Market Growth"
The oil is rich in monounsaturated fatty acids. It has high smoke points owing to which it is gradually witnessing high acceptance for all kinds of usage, such as daily intake, use for skin barriers, and anti-aging. Furthermore, manufacturers in the cosmetic business are including oil owing to its flawless skin and hair growing properties. Moreover, experts opt for oil in cosmetic procedures as it offers skin reformation and moisturizing qualities while incorporating exceptional nail strengthening properties.
An excessively high absorption rate of oil in the human body makes it a viable option as a cooking oil over counterparts. The product has been accepted for its various health benefits, such as recovered stomach, liver bile flow, and intestine health. Therefore, the product has multiple benefits, including gastrointestinal discomfort, poor digestion, and constipation make the oil demand likely grow significantly.
"High Intake to Impede Market Progress"
Camellia oil might have very few associated side effects but can cause skin inflammation, hypertension, and other adverse reactions depending on its feature and processing method. The high application of chemical combinations and fatty acids in camellia oil might cause skin irritation.
The potassium content and blood-pressure-lowering effects of monounsaturated fats are helpful for patients at risk of cardiovascular problems. Still, for those already taking medication for hypertension, this combined use can result in dangerously low blood pressure levels.
- By Type Analysis
By type, the market is segmented into extra virgin camellia oil and pure camellia oil.
The extra virgin camellia oil segment is expected to lead because it is highly rich in vitamin A and B and has no cholesterol, synthetic flavoring, and chemical additives. It is witnessing massive adoption in cooking due to oil's rich monounsaturated fatty acid index being much greater than many other vegetable oils. These factors are likely to influence the growth of the industry.
- By Application Analysis
Based on the application, the market is classified into food, cosmetics, and others.
The food segment is expected to be the leader because of the rising popularity of various substances derived from the "Camellia"" "plant, including green tea and camellia oil. It might help strengthen the immune system, defend against bacterial and viral infections. It may be partly due to the level of triterpenes found in this oil, which might have been proven to have immune-boosting properties.
"Growing Population to Bolster Growth in the Asia Pacific"
Regionally, the market is grouped into North America, Europe, Asia-Pacific, and the rest of the world.
The Asia Pacific is expected to dominate the camellia oil market share. The growing population, disposable incomes, urbanization, demand for high-quality food & beverage products are the significant elements driving the demand for oils. Considerable development is observed in nations such as China, India, and Japan, owing to the rising purchasing power of the people. Moreover, customers favor foods with high nutritional content and health benefits.
North America is the second-largest market shareholder for the market. The production and consumption are projected to linger, evolving with a steady growth ratio. To meet the growing demand, manufacturers will go into this business. The oil charge differs from company to company, as there is countless dissimilarity among the quality from different oil brands.
KEY INDUSTRY PLAYERS
"Product Developments and Partnerships to Improve Market Position"
The report provides information on key companies and businesses in the industry. It contains data on the latest research, product launches, technological developments, mergers and acquisitions, partnerships, and joint ventures. Other aspects analyzed for the camellia oil market include cost analysis, the pricing policy of leading producers, raw materials prices. Furthermore, factors and forecast scenarios of the market have been included in the report for market prospects.
List of Market Players Profiled
- Jiangxi YouNiBao Agricultural Science and Technology Co., LTD
- Hunan Guitaitai Camellia Oil Technology Co.,Ltd
- Hunan Jinhao Camellia Oil Corp., Ltd.
- Hunan Shanrun Camellia Oil Technology Development Co., LTD
- Laozhiqin (Fujian) Oil Co., Ltd.
- Green Sea
A China-based company called Shan Cha tries to produce the most refined oil in China. They are trying to use the old-growth forest as a source of Camellia seeds, which are purely organic. These trees have never been fertilized. The root is germinated in a clean environment. Its mission is to provide a fresh taste of nature to its customers without harming the natural environment. Camellia seeds are harvested with hands and directly brought to the company by the farmers for the cold press.
The report examines elements affecting the market from both the demand and supply sides and further estimates market dynamic forces during the forecast period. The report provides drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for regions after evaluating governmental, financial, shared, and technical factors affecting the market in these regions.
Frequently Asked Questions
What value is the market expected to touch by 2027?
Based on our research, the camellia oil market is projected to touch USD 1,21,510 million by 2026.
What CAGR is the market expected to exhibit by 2026?
The market is expected to exhibit a CAGR of 26.3% by 2026.
Which are the driving factors of the market?
Increasing demand for natural ingredients and increasing adoption by manufacturers are the factors driving the market.
Which are the top companies operating in the market?
Jiangxi YouNiBao Agricultural Science and Technology Co., LTD, Runxin, Yuansen, Hunan Guitaitai Camellia Oil Technology Co., Ltd, Jiusheng, Hunan Jinhao Camellia Oil Corp., Ltd., DACHENGCANG, Hunan Shanrun Camellia Oil Technology Development Co., LTD., Laozhiqin (Fujian) Oil Co., Ltd., Green Sea are the top companies operating in the market.