Camelina Oil Market Scope
Camelina oil is the oil extracted from the Camelina sativa oilseed. Camelina sativa is a flowering plant cultivated as a oilseed crop mainly in the Europe and North America. It can be used as a cooking oil, in salad dressings and in spreads and migraine. It is high in omega-3 and omega-6 as well as vitamin E. Increasing demand with its various applicability and huge scope for biofuels driving the demand for the market. Whereas, raw material fluctuation known as considerable challenge. Geographically, North America region is forecasted to grow with a higher growth rate than Asia Pacific and the Europe region. Presence of leading market players across USA has created product hub for camelina oil which further created demand for players in a fruitful manner.
Market players are focusing on providing camelina oil with higher quality along with complying all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further offer qualified camelina oil. Companies has their main focus on the offering cost effective product offerings. Besides, the numerous industry profitability has led the entry of new players, in turn, increasing the level of rivalry in the already competitive market. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Camelina Oil market throughout the predicted period.
Three Farmers (Canada), Jedwards International, Inc. (United States), Lifestream Group Pte Ltd (Singapore), BIO PLANÈTE (Germany) and Mountain Rose Herbs (United States) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Camelina Oil market by Type (Food Grade and Industrial Grade), by Application (Food Industry, Chemical Industry and Cosmetics) and Region with country level break-up.
On the basis of geography, the market of Camelina Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Rising Demand for Biofuels and Emergence of Online Grocery Stores
Market Growth Drivers:
High Demand for Camelina Oil Due To Its Numerous Applications and Increasing Popularity for Camelina Oil Due To Its Health Benefits
Challenges:
Government Rules and Regulations in Various Countries
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Rising Demand from End-User Industry, Growing Health Awareness among the Consumers and Huge Demand for Wellness and Nutraceutical Supplements
Market Leaders and their Expansionary Development Strategies
In January 2022, renewable fuels company Global Clean Energy Holdings (GCE) acquired Spanish camelina and seed producer Camelina Company España (CCE). CCE's activities include genetics, breeding capabilities, planting high-quality seeds, advanced agricultural research, and knowledge to support contract farmers in growing camels.
In February 2020, Smart Earth Camelina Corporation initiated their shipping with first rail tank car of camelina oil from the Canadian prairies to an aquaculture customer in Vancouver. Company has started their shipping with crush partner Virtex Farm Foods. with this development, company is able to expand its business across Vancouver and able to gain attention from high-value sustainable aquaculture feed market.
Regulatory : Health Canada and the Canadian Food Inspection Agency (CFIA) share responsibilities in regard to labelling requirements for foods. CFIA also administers and enforces those aspects of the Food and Drugs Act and the Consumer Packaging and Labelling Act that ensure labelling is understandable, truthful and not misleading. and Camelina oil when added to foods (salad dressing, margarine) as an ingredient would be part of the fat declaration in the Nutrition Facts table. It is listed as camelina oil in the ingredient list. Canpressco has been notified to consult with the CFIA to resolve common name and labelling issues of food products containing camelina oil. They have also been notified to contact the CFIA's Feed Division for further information on how to obtain authorization for the use of camelina oil by-products as livestock feed.
Key Target Audience
Camelina Oil Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.