Global Camelina Sativa Market - 2023-2030

Overview

Global Camelina Sativa Market reached US$ 701.31 million in 2022 and is expected to reach US$ 1076.29 million by 2030, growing with a CAGR of 5.5% during the forecast period 2023-2030.

The demand for sustainable and renewable resources has spurred Camelina's growth in the biofuels and industrial oils sectors. It serves as a valuable feedstock for biodiesel and bio-jet fuels, aligning with the push for greener energy sources. In August 2023, Syngenta Seeds and Sustainable Oils entered into a new agreement for the sale of camelina sativa seed, an ultra-low carbon oilseed crop that can be used as a feedstock for renewable fuels and sustainable aviation fuel.

The nutritional value of camelina sativa, particularly its omega-3 fatty acids, is gaining popularity. This heightened awareness is driving increased adoption of camelina in the food and nutraceutical industries. Consumers seeking healthier dietary options are drawn to its health benefits. As a result, camelina is being incorporated into various food products and supplements. This trend aligns with the growing focus on wellness and nutrition.

Industrial-grade hold a significant share of the camelina sativa market due to their rising use for biofuel production. North America holds the highest share in the cameline sativa market. In March 2022, Yield10 Bioscience, Inc., an agricultural bioscience company, announced an update on its Camelina line E3902 development program. The program's goal is to produce low-carbon feedstock oil for the renewable diesel market in the United States and Canada.

Dynamics

Increasing Demand for Healthy Oils

Camelina Sativa oil's nutritional richness, featuring high omega-3 fatty acids, antioxidants, and low saturated fats, appeals to informed consumers seeking healthier products. Its composition includes 6% saturated fatty acids, 30% monounsaturated fatty acids, and 64% polyunsaturated fatty acids. Notably, it contains a high proportion of omega-3 fatty acids, with 39% being alpha-linolenic acid (ALA), making it a nutritionally valuable oil. The awareness of these benefits drives consumer demand for products incorporating camelina sativa oil, making it a sought-after choice in the market.

Camelina sativa oil is a heart-healthy choice due to its low levels of saturated fats, aligning with the increasing consumer preference for healthier oil options. In November 2021, Praan Naturals showcased its most recent natural launches like organic virgin amaranth oil, organic virgin camelina oil, and Yangu oil at CASCC Suppliers' Day. The organic virgin camelina oil contains 30-40 percent alpha-linolenic acid, making it mostly a polyunsaturated oil.

Increasing Demand for Biofuels and Renewable Energy Sources

The increasing demand for biofuels and renewable energy sources is driving the camelina sativa growth. According to the International Energy Agency, throughout 2021-2026, the world's demand for biofuels is projected to increase by 41 billion liters or 28%. Camelina is a versatile crop that can be used to produce both biodiesel and bio-jet fuel. Its appeal lies in its low-maintenance cultivation, its ability to thrive in challenging growing conditions, and its unique composition.

Biodiesel derived from camelina oil is considered an environmentally friendly alternative to traditional fossil fuels. As the demand for cleaner and more sustainable energy sources continues to rise, camelina is being cultivated to meet the feedstock requirements of the biodiesel industry. In February 2023, Equilon Enterprises LLC and S&W Seed Corporation announced the execution of an agreement to establish a joint venture. The JV intends to produce camelina sativa and other oilseed plants from which oil and meal can be obtained for future processing into animal feed, biofuels, and other bioproducts.

Lack of Awareness and Government Regulations

One of the primary challenges for the camelina sativa market is the lack of awareness among consumers and industry stakeholders. Camelina oil is a relatively new crop and many people are unfamiliar with camelina oil and its potential uses, which can limit its demand.

Government regulations on biofuel production and use have the potential to significantly affect the demand for camelina oil. Stricter regulations imposed by governments could lead to a reduced demand for camelina oil as a biofuel feedstock, impacting the market for this versatile crop.

Segment Analysis

The global camelina sativa market is segmented based on type, application and region.

Rising Need for Biodiesel and Jet Fuel

Industrial-grade camelina is often used as a feedstock for biodiesel production. The demand for biodiesel as a renewable and cleaner fuel source has been increasing, driven by environmental concerns and government mandates. As a result, there is a higher demand for industrial-grade camelina to meet the biodiesel industry's requirements.

Industrial-grade camelina is also used in the production of bio-jet fuels. With the aviation industry focusing on reducing its carbon footprint and exploring sustainable fuel options, there is a growing market for industrial-grade camelina to produce renewable jet fuels. In October 2023, Yield10 Bioscience, Inc., an agricultural bioscience company, announced recent advancements toward enabling weed management for camelina cultivation and encouraging grower adoption of the crop for the production of low-carbon intensity feedstock oil for the biofuel market.

Geographical Penetration

North America's Growing Research and Development

The region has witnessed significant investments in research and development related to camelina sativa, leading to improved varieties and cultivation practices, making it a more attractive option for farmers and industries. In March 2023, Yield10 Bioscience, Inc. announced that it had signed a Memorandum of Understanding (MOU) with American Airlines, Inc. on February 27, 2023, to work together on creating the camelina value chain as a low-carbon feedstock oil for sustainable aviation fuel (SAF). Under the MOU Yield10 and American Airlines, Inc. plan to boost the development of the SAF value chain based on camelina oil.

In North America, the increasing focus on sustainable agriculture and biofuel production has led to the rise of camelina sativa as a versatile and sustainable crop. The region has harnessed the potential of camelina sativa, benefiting from its adaptability and diverse applications to meet the growing demand for eco-friendly agricultural practices and renewable energy sources.

Competitive Landscape

The major global players include: YIELD10 BIOSCIENCE, INC., Northstar Lipids UK Ltd., Perles de Gascogne, MakingCosmetics Inc., Three Farmers, CAMELINA SOLUTIONS, Smart Earth Camelina, Floral Essential Oil, Natura-Tec, SanaBio GmbH

COVID-19 Impact Analysis:

COVID Impact

As people became more health-conscious during the pandemic, there was a surge in demand for healthier food options. Camelina sativa, with its rich nutritional profile, gained some attention as a healthy ingredient in food products. Some of the nutritional properties of camelina sativa, including omega-3 fatty acids, may have been associated with immune system support, which became a significant concern during the pandemic.

However, the camelina sativa market, like many other agricultural sectors, faced disruptions in supply chains due to lockdowns and restrictions, impacting the production and distribution of camelina-based products. Farmers faced uncertainties regarding the availability of labor and resources for camelina cultivation, and the economic fallout from the pandemic affected their decision-making processes.

Russia- Ukraine War Impact

The conflict disrupted agricultural activities in the affected regions, in the region. This led to potential supply disruptions in the camelina sativa market, affecting the availability. The disruptions in the supply chain resulted in price volatility for camelina sativa and its products. Prices could increase due to uncertainty in the market, affecting both consumers and industries that rely on camelina.

Investment in camelina-related research, development, and production in Russia and Ukraine is hampered by the conflict. This slowed down advancements in camelina agriculture. Overall, the Russia-Ukraine war introduced uncertainties and potential disruptions in the camelina sativa market, affecting supply, and prices.

By Type

• Food Grade
  • Human Food
  • Animal Feed
• Industrial Grade

By Application

• Food Industry
• Chemical Industry
• Bio Fuel
• Textile
• Cosmetics
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In December 2022, MSU (Michigan State University) got a $2 million DOE grant from the U.S. Department of Energy to increase Camelina sativa's oilseed yield, a common plant that could generate cleaner jet fuel and teach us about other significant crops.
• In September 2021, Smart Earth Camelina (SEC) declared the launch of the world's first and only Group 2 herbicide-resistant camelina variety. NewGold, the new camelina seed variety from SEC, offers improved yield potential and larger seed size.
• In January 2021, Yield10 Bioscience, Inc., an agricultural bioscience company, declared the successful field testing of oilseed Camelina sativa prototype lines, which are designed to directly generate PHA bioplastics in seed.

Why Purchase the Report?

• To visualize the global camelina sativa market segmentation based on type, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of camelina sativa market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global camelina sativa market report would provide approximately 53 tables, 49 figures and 181 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies