Kenaf Seed Oil Market Report 2024 (Global Edition)

Global Kenaf Seed Oil Market Report 2024 Market Size Split by Nature Outlook: (Organic Kenaf Seed Oil, Conventional Kenaf Seed Oil), by Application Outlook: (Functional Foods, Cosmetics & Personal Car...

Kenaf Seed Oil Market Report Description

We have various report editions of Kenaf Seed Oil Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Kenaf Seed Oil Market Insights Video

Competitive Landscape of the Kenaf Seed Oil Market

In the Kenaf Seed Oil Market's competitive landscape, numerous key competitors are driving innovation and growth. Numerous firms strategically position themselves to satisfy the changing needs of businesses and customers alike by investing in R&D to improve extraction methods and product quality, which shapes the competitive dynamics. Market rivalry is encouraging technological and design innovations to create Kenaf Seed Oil that fulfill both consumer wants and sustainability goals, keeping the market dynamic and competitive.

In March 2022, KVG partnered with Al Rayes Group to expand Kenaf plantations. (Source: https://www.zawya.com/en/press-release/companies-news/kvg-partners-with-al-rayes-group-for-kenaf-plantation-expansion-qz6r7lnf)

Top Companies Market Share in Kenaf Seed Oil Industry: (In no particular order of Rank)

• Tropical BioEssence
• KASTAS Biotechnologies
• Tharakan and Company
• Green Gold BioAggregates
• Natural Growth
• Jiangsu Taifeng Group
• Sustainable Agro Solutions
• Sinopec Corp
• Hunan Evergrande Group
• Biomass Industries Company
• Shandong Dadi Agricultural Group
• Laihe Zhonghua
• Indus Valley Biofuels
• Zhejiang Yongxing Environmental Protection Technology
• Huajiang Biotechnology
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Kenaf Seed Oil Market

Which Region Dominates the Kenaf Seed Oil Market in 2024?

According to Cognitive Market Research, Asia Pacific currently dominates the Kenaf Seed Oil market, and the region is expected to have significant growth during the projected period. The demand for kenaf-based seed oil is rising mostly due to growing worries about global warming and the depletion of fossil fuel supplies in nations like China, Japan, and South Korea.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The need for subsea manifold systems is being driven by the existence of established offshore oil and gas fields. Market expansion is facilitated by favorable government policies and technological breakthroughs.

The current report Scope analyzes Kenaf Seed Oil Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Kenaf Seed Oil

According to Cognitive Market Research, the global Kenaf Seed Oil Market size was estimated at USD 235.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 94.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Kenaf Seed Oil Market with a market size of USD 74.36 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. The U.S. market's rising demand for natural, environmentally friendly goods in the food, pharmaceutical, and cosmetics sectors.
• The Canada Kenaf Seed Oil Market had a market share of USD 11.31 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. Canada’s rising awareness among the population.
• The Mexico Kenaf Seed Oil Market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 8.58 million in 2024.

Europe Kenaf Seed Oil

According to Cognitive Market Research, the global Kenaf Seed Oil Market size was estimated at USD 235.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 70.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• The United Kingdom Kenaf Seed Oil Market had a market share of USD 11.87 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. In the UK, Kenaf Seed Oil sales witness an upswing due to the increasing focus on plant-based and sustainable products.
• The France Kenaf Seed Oil Market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 6.50 million in 2024.
• According to Cognitive Market Research, the German Kenaf Seed Oil Market size was valued at USD 13.99 million in 2024 and is projected to grow at a CAGR of 4.9% during the forecast period. In Germany, Kenaf Seed Oil surged due to the Increased focus of the manufacturers and major market players.
• The Italy Kenaf Seed Oil Market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 6.08 million in 2024.
• The Russia Kenaf Seed Oil Market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 10.96 million in 2024.
• The Spain Kenaf Seed Oil Market is projected to witness growth at a CAGR of 3.8% during the forecast period with a market size of USD 5.80 million in 2024
• The Luxembourg Kenaf Seed Oil Market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 2.19 million in 2024.
• The Portugal Kenaf Seed Oil Market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 1.48 million in 2024.
• The Greece Kenaf Seed Oil Market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 0.85 million in 2024.
• The Rest of Europe's Kenaf Seed Oil Market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 10.96 million in 2024.

Asia Pacific Kenaf Seed Oil

According to Cognitive Market Research, the global Kenaf Seed Oil Market size was estimated at USD 235.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 54.19 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Kenaf Seed Oil Market size was valued at USD 24.38 million in 2024 and is projected to grow at a CAGR of 7.7% during the forecast period. Kenaf Seed Oil surged in China due to Increased focus of the manufacturers and major market players.
• The Japan Kenaf Seed Oil Market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 7.48 million in 2024.
• The India Kenaf Seed Oil Market had a market share of USD 6.50 million in 2024 and is projected to grow at a CAGR of 10.0% during the forecast period. India's rising awareness among the populations .
• The South Korean Kenaf Seed Oil Market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 5.42 million in 2024.
• The Australian Kenaf Seed Oil Market is projected to witness growth at a CAGR of 7.9% during the forecast period, with a market size of USD 2.82 million in 2024.
• The South East Asia Kenaf Seed Oil Market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 3.74 million in 2024.
• The Rest of Asia Pacific Kenaf Seed Oil Market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 3.85 million in 2024.

South America Kenaf Seed Oil

According to Cognitive Market Research, the global Kenaf Seed Oil Market size was estimated at USD 235.6 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 11.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Kenaf Seed Oil Market size was valued at USD 5.04 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period. Kenaf Seed Oil flourished in Brazil due to rising demand for natural and organic components.
• Argentina's Kenaf Seed Oil Market had a market share of USD 1.98 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Argentina's rising trend toward sustainable, plant-based solutions.
• Colombia Kenaf Seed Oil Market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 1.05 million in 2024.
• Peru Kenaf Seed Oil Market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 0.97 million in 2024.
• Chile Kenaf Seed Oil Market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 0.85 million in 2024.
• The Rest of Latin America's Kenaf Seed Oil Market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 1.90 million in 2024.

Middle East and Africa Kenaf Seed Oil

According to Cognitive Market Research, the global Kenaf Seed Oil Market size was estimated at USD 235.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 4.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031..

• The GCC Countries Kenaf Seed Oil Market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 2.02 million in 2024. Kenaf Seed Oil sales flourish due to the presence of major market players.
• The Egypt Kenaf Seed Oil Market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 0.49 million in 2024.
• The South Africa Kenaf Seed Oil Market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 0.74 million in 2024. Kenaf Seed Oil sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey Kenaf Seed Oil Market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 0.41 million in 2024.
• The Nigeria Kenaf Seed Oil Market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 0.49 million in 2024.
• The Rest of the MEA Kenaf Seed Oil Market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 0.56 million in 2024.

Kenaf Seed Oil Market Analysis

How are Segments Performing in the Global Kenaf Seed Oil Market?

Kenaf Seed Oil Market Nature Segment Analysis

According to Cognitive Market Research, conventional kenaf seed oil are likely to dominate the Kenaf Seed Oil Market over the forecast period. Traditional methods, which frequently include the use of synthetic fertilizers and pesticides during growing, are used to obtain conventional kenaf seed oil from kenaf seeds. Because of its cheaper cost and capacity for mass production, this kind of kenaf seed oil is widely employed in a variety of industrial applications, including lubricants, cosmetics, and bioplastics.

The Organic Kenaf Seed Oil is the fastest-growing segment in the Kenaf Seed Oil Market. Organic kenaf seed oil is produced from kenaf plants that are grown without the use of artificial inputs and that meet the stringent requirements imposed by organizations that certify organic products. The desire for organic kenaf seed oil has increased significantly as environmental and health concerns gain traction, especially in the food and cosmetics industries.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Kenaf Seed Oil Industry. Request a Free Sample PDF!

Kenaf Seed Oil Market Application Segment Analysis

According to Cognitive Market Research, the biofuels and lubricants segment holds the largest share of the market. Kenaf seed oil has been recognized as a biofuel due to its high oil content and low viscosity, which makes it a good alternative to fossil fuels in diesel engines. Global need for renewable energy sources and the desire to lower carbon emissions are the main factors driving the preference for kenaf seed oil in the biofuel and lubricant sector.

In the Kenaf Seed Oil Market, the cosmetics and personal care has been expanding at a rapid pace. Natural oils are being used in cosmetics and personal care products more and more as consumers express a preference for non-toxic and organic ingredients. Known for its emollient qualities, kenaf seed oil is utilized in hair care products, lotions, and soaps.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Kenaf Seed Oil Distribution channel Outlook: Segment Analysis

Kenaf Seed Oil Market Distribution channel Segment Analysis

According to Cognitive Market Research, The Online distribution channel segment holds the largest market share. This market promotes direct-to-consumer sales with simple product comparisons and doorstep delivery choices, providing convenience, increased reach, and access to worldwide consumers.

In the Kenaf Seed Oil Market, the rapidly growing sector is the offline distribution channel category, includes Traditional retail establishments, regional distributors, farmers' markets, and specialty health stores are all. Customers looking for natural oils are served by these channels, which prioritize localized distribution and direct, in-person interactions.

• Online
• Offline

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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