The expanding demand for camelina oil among a considerable chunk of the global populace will bring profitable growth for the global market during the forecast period of 2021-2031. The health benefits attached to camelina oil consumption will present numerous growth opportunities.
Camelina oil, also known as false flax oil is pressed seed oil. It is derived from the Camelina sativa plant or false flax. Camelina oils contain nearly 40% of alpha-linolenic acid. It is an important omega-3 fatty acid. A typical diet generally contains more amounts of omega-6 oils as compared to omega-3 oils. High omega-6 oil consumption is linked to cancer, heart disease, and inflammation. A healthier balance of omega-3 and omega-6 oils is recommended for a healthy lifestyle. Hence, these factors generate crucial growth opportunities for the camelina oil market.
The report on the camelina oil market by Transparency Market Research (TMR) has various points and factors that make the stakeholder aware of the existing competitive scenario. Furthermore, the report includes the demographic landscape, industrial insights, and the latest trends that prove to be of great help to the CXOs and stakeholders. The COVID-19 pandemic effect has also been included in the report.
The camelina oil market is highly concentrated. A small number of key players are responsible for a large share of the camelina oil market. The players indulge in new launches and plan numerous strategies for increasing their consumer base. Research and development activities are an essential component of the overall growth trajectory of the camelina oil market. The players are involved in these activities for developing new formulations that aid in increasing the revenues of the players, eventually boosting the growth prospects of the camelina oil market.
Mergers, acquisitions, joint ventures, and partnerships are vital for the overall growth of the camelina oil market. The players make use of these activities to increase their influence across the camelina oil market. Thus, these activities ultimately contribute to the growth of the camelina oil market.
Some well-established players in the camelina oil market are Jedwards International Inc., BIO PLANÈTE Ölmühle Moog GmbH, MakingCosmetics Inc., Three Farmers Foods Inc., H&B Oils Center Co., Cebra ethical skincare, Smart Earth Seeds, and O&3.
Health Benefits Linked to Camelina Oil to Assure Promising Growth
Camelina oil helps in minimizing cholesterol levels as the availability of sterols in camelina assists in cholesterol absorption. In addition, use of camelina oil can also result in reducing the swelling in joints and offer relief from pain. Furthermore, camelina oil is also shown to guard against cognitive diseases like macular degeneration, nervous damage caused due to inflammation, and dementia. These factors will have a positive impact on the growth trajectory of the camelina oil market.
Growing Demand for Biofuels to Present Considerable Growth Opportunities for Camelina Oil Market
The demand for biofuels is increasing exponentially over the years due to the rising environmental concerns such as greenhouse effect. The rapid depletion of fossil fuels is also linked to an increase in the popularity of biofuels. Camelina oil can be used in biofuel production. It is said to reduce carbon emissions by 75-80% as compared to petroleum products. Hence, based on these aspects, the demand for camelina oil is estimated to grow.
The camelina oil market in North America is expected to witness a dominating stance during the forecast period of 2021-2031. The growing awareness about the health benefits of camelina oil among the people in numerous countries across North America will serve as a vital growth factor.
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