Kenaf Seed Oil Market is Expected to Witness Healthy Growth at 6.2% CAGR through 2027

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.

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What are the Key Challenges for Growth?

Burgeoning prices of kenaf seeds, owing to stifled production is a key concern which needs to be addressed by kenaf seed oil stakeholders. A lack of commercialized production of kenaf, coupled with substantially fewer companies specializing in kenaf seed oil processing is a vital cause behind the widening supply-demand gap in the kenaf seed oil market.
Lack of optimized refining process to maintain the concentration of bioactive compounds in the bio-oil is estimated to dent the growth of kenaf seed oil market. Refining is necessary to improve the oxidative stability of the oil, however, it is likely to impact the physiochemical of the kenaf seed oil which can influence its efficacy in different applications. The factor is estimated to hamper kenaf seed oil market growth.

We leverage space-age industrial and digitalization tools to provide avant-garde actionable Kenaf Seed Oil Market insights to our clients.

SWOT analysis has been performed in the market study to investigate the strengths, weaknesses, opportunities and threats of each player, both at global and regional levels.

The Market insights of Kenaf Seed Oil will improve the revenue impact of businesses in various industries by:

• Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the Kenaf Seed Oil Market
• Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global Kenaf Seed Oil market and offers solutions
• Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
• Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
• Helping leading companies make strategy recalibrations ahead of their competitors and peers
• Offers insights into promising synergies for top players aiming to retain their leadership position in the market & supply side analysis of Kenaf Seed Oil market .

The latest industry analysis and survey on Kenaf Seed Oil provides sales outlook in 20+ countries, across key categories. Insights and outlook on Kenaf Seed Oil market drivers, trends, and influencing factors are also included in the study.

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This report gives you access to decisive data such as:
• Demand of Kenaf Seed Oil Market & Growth drivers
• Factors limiting Kenaf Seed Oil market growth
• Current key trends of Kenaf Seed Oil Market
• Market Size of Kenaf Seed Oil and Kenaf Seed Oil Sales projections for the coming years

The report also offers key trends of Kenaf Seed Oil market and an in-depth analysis of how the projected growth factors will shape the Kenaf Seed Oil market dynamics in the coming years of the forecast period.
Moreover, it also gives meaningful as well as actionable insights on the competitive analysis of Kenaf Seed Oil Market that are developing the current market scenario and which will be lucrative for the future demand of Kenaf Seed Oil Market.

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Kenaf Seed Oil Market – Competitive Landscape

Hemp Inc., a leading player operating in the kenaf seed oil market, launched equipment which uses kenaf as a loss circulation material (LCM) that is used to seal the hole around the oil well to prevent mud and other toxic substances from leaking into underground water streams or other porous earth surfaces around the drill. The machine known as DrillWall was made using the core of kenaf. The growing demand for kenaf is expected to increase commercial production of kenaf seeds which, in turn, is estimated to propel kenaf seed oil market growth.

Intensifying research towards the use of kenaf seed oil in the potential treatment for cancer saw another addition to the list of developments after research concluded that the oil substantially reduced the severity of leukemia in mice.

Kenaf seed oil’s potential application as a viable treatment option for cholesterol and higher lipid profiles received a significant boost after a study suggested the use of bio-oil in cardio-protective functional foods for countering cholesterol.

With the widening of the supply-demand gap, kenaf seed oil market players are increasingly investing in research and development of techniques which boost yield and quality of kenaf seeds. A recent development in the area was the release of a study which concluded that continuous kenaf cropping on the same plot of land deteriorates soil fertility and adversely impacts the quality of kenaf seeds.

Other leading players operating in the kenaf seed oil market include Pepagora, Gincoc Limited, Thar Process, Inc., National Kenaf and Tobacco Board, The Department of Agriculture and Fisheries, Advanced Biofuel Center, Chempro Technovation Pvt. Ltd., Kenaf Development Association of Nigeria and Parchem Fine & Specialty Chemicals Inc..

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Crucial insights in Kenaf Seed Oil market research report:

• Underlying macro- and microeconomic factors impacting the Sales of Kenaf Seed Oil market.
• Basic overview of the Kenaf Seed Oil, including market definition, classification, and applications.
• Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
• Adoption trend and supply side analysis of Kenaf Seed Oil across various industries.
• Important regions and countries offering lucrative opportunities to market stakeholders.

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