The Kenaf Seed Oil Market: Overview
The Kenaf Seed Oil Market is valued at around USD 228 million in 2022 and is expected to reach USD 412.5 million by 2030, registering a CAGR of 6.1% over the forecast period. Edible vegetable oil is produced from kenaf seeds. Cosmetics, commercial oils, and biodiesel are all made with kenaf seed oil. Omega polyunsaturated fatty acids (PUFAs), among other essential nutrients, are highly concentrated in kenaf oil, making it suitable for use in a variety of industries including cooking oil, biofuel, and cosmetics.
The Kenaf Seed Oil Market - Growth Factor
The use of kenaf seed oil as biodiesel in a variety of industrial and automotive applications is one factor driving the kenaf seed oil market. Given its many health advantages, kenaf seed oil is increasingly in demand. This kenaf seed oil is beneficial for treating fever, bruises, puerperium, and bilious conditions. In order to protect, moisturise, and help skin heal from bruises and other skin issues, kenaf seed oil is also used to make cosmetic products. The demand for kenaf seed oil is anticipated to rise globally as it is used in pharmaceuticals for nutraceuticals, cosmetics and personal care, functional foods, pharmacy, and biofuels. Throughout the forecast period, these elements are anticipated to drive the global kenaf seed oil market's expansion. The market for kenaf seed oil is predicted to expand more rapidly due to rising demand for and consumption of processed foods as well as rising use of high-quality cooking oil.
The Kenaf Seed Oil Market Market Trends
Because of its numerous health benefits, kenaf seed oil is currently in high demand. It works well to treat a variety of illnesses.
When making cosmetics, kenaf seed oil is frequently used to preserve, moisturise, and heal bruised and other skin problems.
Additionally, it is utilised in pharmaceutical products for nutraceuticals, cosmetics and personal care, nutrient-dense foods, medications, and biofuels.
The market for kenaf seed oil is anticipated to grow as a result of rising consumption of refined foods and demand for high-quality cooking oil.
The Kenaf Seed Oil Market Segmentation
The Kenaf Seed Oil Market fragrance concentrates market has been sub-classified into nature, end-user industry.
On the basis of nature, the Kenaf Seed Oil Market is bifurcated into:
Organic
Conventional
others
On the basis of end-user industry, the market is segmented into:
functional foods
cosmetics and personal care
nutraceuticals
lubricants and coatings
biofuels
others
The Kenaf Seed Oil Market Regional Analysis
North America dominated the global Kenaf Seed Oil Market, the largest revenue share in the kenaf seed oil market and is predicted to rule during the forecast period. India, China, Japan, and Indonesia had the highest revenue shares in the Asia Pacific region's kenaf seed oil market. Consumers with greater health awareness and the ageing population are both expected to drive up demand for kenaf seed oil.
The Kenaf Seed Oil Market Key Market players
Global key players of Kenaf Seed Oil Market include ChemproTechnovation, Hemp, Inc, Shree Raghvendra Agro Processors, Thar Process, Inc. Advanced Biofuel Center, National Kenaf, and Pepagora, Gincoc Limited, and others.
Report scope
Global Kenaf Seed Oil Market: Historical Years- 2018-2021
Global Kenaf Seed Oil Market: Forecast Years- 2022-2030
Global Kenaf Seed Oil Market 2022- USD 228 million
Global Kenaf Seed Oil Market 2030- USD 412.5 million
Global Kenaf Seed Oil Market CAGR- 6.1%
