Global Kenaf Seed Oil Market to Witness Steady Expansion During 2019-2027
Verfasser: ashwani_kailiya on Thursday, 9 January 2020According 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 kenaf seed oil extraction 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. The Fact.MR report tracks the kenaf seed oil market for the period 2019-2027. According to the report, the kenaf seed oil market is projected to grow at 6.2% CAGR through 2027.
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.
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