Kenaf Seed Oil Market Is Projected To Grow At 6.2% CAGR Through 2027

Rockville, US, 2022-Apr-12 — /EPR Network/ —

According to a recent report by Fact.MR, the kenaf seed oil market is estimated to continue its bullish run during the 2019-2027 period with global sales poised to surpass 27,000 tons in 2019. The healthy growth of the market can be attributed to the increasing demand for kenaf seed oil in an assortment of industries such as pharmaceutical, lubricants, food and beverages, cosmetics, personal care, and biofuel.

For More Insights Into The Market, Request a Sample of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=1087

The study finds that end-users are becoming increasingly aware of the growing demand for kenaf fibers and its derivatives in an array of industries such as paper, construction, textile, furniture, and biofuel. The short harvest time of three to five months makes kenaf a potential alternative to hemp, jute, and flax which can fulfill the demand for natural raw-material in industries while overcoming the problem of deforestation. With sustainability gaining traction in different industries, the demand for kenaf is estimated to rise in the foreseeable future. Consequently, governments around the world are promoting the development of a commercial kenaf value chain. The focus on the development of profitable kenaf value chains is expected to aid in the production of kenaf seed required for the production of kenaf seed oil. Additionally, growing awareness about the potential benefits of kenaf seed oil is likely to become a prime focus of the kenaf value chain in the foreseeable future.

The study finds that kenaf seed oil production is also receiving government support in many countries. For instance, Malaysia renamed its National Tobacco Board to National Kenaf and Tobacco Board which has allocated 2000 hectares of land to small farmers for cultivation of Kenaf. Along similar lines, the Nigerian government announced that it would continue to support the production of kenaf as it has the potential to give the economy a substantial boost. The Fact.MR report opines these initiatives will continue to play a vital role in the kenaf seed oil market growth with sales of conventional kenaf seed oil projected to surpass 24,500 tons in 2019 registering a Y-o-Y growth of more than 5.5% through 2018.

Share Your Requirements & Get Customized Reports – https://www.factmr.com/connectus/sample?flag=RC&rep_id=1087

 Company Profiles (Processors/Kenaf Seed Oil Suppliers/Raw Material Suppliers/Associations)

Shree Laxminarayan Oils

Chempro Technovation Pvt. Ltd.

 Parchem Fine & Specialty Chemicals, Inc.

  Pepagora

  Shree Raghvendra Agro Processors

  Gincoc Limited

  Advanced Biofuel Center

   Hemp, Inc.

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
• EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
• CIS & Russia
• Japan
• Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
• Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)

Access Research Methodology Prepared By Experts – https://www.factmr.com/connectus/sample?flag=RM&rep_id=1087

After reading the Kenaf Seed Oil Market report, readers can:

• Understand the drivers, restraints, opportunities and trends affecting the growth of the global .
• Analyze key regions holding significant share of the total Kenaf Seed Oil Market revenue.
• Study the growth outlook of the global Kenaf Seed Oil Market scenario, including production, consumption, history and forecast.
• Learn consumption pattern and impact of each end use on the Kenaf Seed Oil Market growth.
• Investigate the recent R&D projects performed by each Kenaf Seed Oil Market player.

The Kenaf Seed Oil Market report answers important questions which include:

• What does the status of the Kenaf Seed Oil Market look?
• Refined Cane Sugar Market look like after the forecast period?
• Which region has the highest contribution to Kenaf Seed Oil Market Devices   why?
• Which players remain at the top of the Kenaf Seed Oil Market look?
• What opportunities are available for the Kenaf Seed Oil Market players to expand their production footprint?
• Which segment has the maximum impact on the Kenaf Seed Oil Market look?

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:

Unit No: AU-01-H Gold Tower (AU),Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,Dubai, United Arab EmiratesEmail: sales@factmr.com
Visit Our Website: https://www.factmr.com