Kenaf Seed Oil Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2027

  • Published : Mar-2019
  • Tables : 21
  • Figures : 54
  • Category : Food & Beverages
  • No. of Pages : 170
  • Report Code : FACT1087MR
  • Format : ppt
kenaf seed oil market snapshot

Kenaf Seed Oil Market – Key Insights

  • Growing demand for kenaf fiber in an assortment of industries, coupled with increasing awareness about the potential benefits of kenaf seed oil were key factors behind the healthy growth of the kenaf seed oil market which was clocked at over 5% during the 2013-2018 period.
  • Kenaf seed oil market was valued at over US$ 165 million in 2018; global revenues are set to grow at a CAGR of over 6% during the 2019-2027 period.
  • India is projected to hold bulk of the kenaf seed oil market share during the forecast period. Easy availability of raw materials for kenaf seed oil production remains a key growth factor for the market in India.
  • India is also expected to emerge as the fastest growing kenaf seed oil market with government extending support to kenaf production and focusing on developing a profitable value chain around its production.
kenaf seed oil market impacting factors

What is Propelling Kenaf Seed Oil Market Growth?

  • Kenaf seed oil is increasingly gaining traction for its potential use as biodiesel in a range of industrial and automotive applications. Growing concerns about the deteriorating environmental conditions, coupled with extended government support for research and development of biofuels is estimated to contribute significantly to kenaf seed oil market growth.
  • The presence of an assortment of bioactive compounds in kenaf seed oil such as alkaloids, tannins, essential oils, saponins, steroids, and fatty acids make it a highly-functional bio-oil with potentially diverse health benefits. Additionally, studies have found existence of a high amount of digestible protein in the kenaf seed oil. The factors make kenaf seed oil a healthy cooking oil alternative. Research on stabilizing kenaf seed oil to increase shelf-life is further expected to underpin its potential usage as edible cooking oil.
  • With high phenolic content, kenaf seed oil offers a lucrative treatment potential for tackling cancer. Numerous studies exploring the potential use of kenaf seed oil in cancer treatment have suggested the bio-oil to be a natural anti-cancer agent. These researches are estimated to aid in the launch of numerous kenaf seed oil-based bio-health cancer treatment options which are likely to bolster kenaf seed oil market growth.
  • The phenolic, anti-tumor, anti-inflammatory, antioxidant, and phytosterol compounds present in kenaf seed oil make it a potential product for use in plant-based drugs to combat cholesterol and high lipid profile in patients. Additionally, its prospective use as a weight control compound is creating a demand for kenaf seed oil in nutraceuticals and functional food market.
  • Numerous studies working towards substantially bolstering the production of kenaf seeds around the year is a key factor estimated to drive the kenaf seed oil market growth.

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.
kenaf seed oil market incremental opportunity

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 Shree Laxminaryan Oils, 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..

Additional Insight:

Conventionally Produced Kenaf Seed Oil Finding Increasing Application as Bio-lubricant

The petroleum-based lubricants used currently are composed of substances which are harmful to the environment and do not disintegrate on disposal. Mineral-based lubricants exhibit similar properties with the presence of toxic additives posing an additional threat to the environment. Due to these factors industries are seeking eco-friendly alternatives to conventional lubricants. Kenaf seed oil is finding increasing application as a biolubricant in an assortment of industries owing to its effective performance. Additionally, the development of techniques to enhance the viability and scale of biolubricant production is estimated to uphold kenaf seed oil demand in industries. Manufacturers are using conventionally produced kenaf seed oil for biolubircant production due to its affordable pricing and easy availability relative to organic kenaf seed oil.

In addition to this, demand for kenaf seed oil continues to surge in nutraceuticals, cosmetics & personal care, functional foods, pharmacy, and biofuels.

Research Methodology

The report on kenaf seed oil market is a consequence of a robust and exhaustive research methodology. A two-step research methodology involving primary and secondary researches was applied to obtain key insights into the kenaf seed oil market. Interviewing seasoned experts from the kenaf seed oil market formed the basis of primary research while secondary research was conducted by thoroughly studying trade journals, paid sources, company press releases, and other kenaf seed oil market-related publications. Results from both the steps of research were triangulated to create an authentic and accurate forecast of the kenaf seed oil market.

Scope of the Report

kenaf seed oil market segmentation

1. Global Kenaf Seed Oil Market - Executive Summary
     1.1. Kenaf Seed Oil Market Analysis
     1.2. Fact.MR Analysis and Recommendations
     1.3. Kenaf Seed Oil Market- Opportunity Assessment
            1.3.1. Component Market Value (US$ Mn)
            1.3.2. Winning and Losing Components
            1.3.3. Competitive Analysis (Wheel of Fortune)

2. Global Kenaf Seed Oil Market Overview
     2.1. Global Kenaf Seed Oil Market Introduction & Definition
     2.2. Market Taxonomy
     2.3. Mega Trends

3. Market Dynamics
     3.1. Key Drivers and Trends
     3.2. Market Challenges

4. Overall Kenaf Market Assessment
     4.1. Global Kenaf Market Overview
     4.2. Major & Upcoming Techniques Used For Oil Extraction
     4.3. Kenaf Oil Dietary Fat Comparison with Other Edible Oils

5. Trade Analysis
     5.1. Global Kenaf Industry Trade Analysis
     5.2. Key Producing and Consuming Countries
            5.2.1. Global Kenaf Cultivation Area by Key Countries
            5.2.2. Factors Influencing Production and Consumption of Kenaf

6. Survey Analysis
     6.1. Producers/Manufacturers Survey
            6.1.1. Key Regions/ Countries as per ease of access to sources of raw materials
            6.1.2. Sources of raw materials best suits manufacturers
            6.1.3. Challenges associated with production of Kenaf seed oil
            6.1.4. Others
     6.2. End User Industry Survey
            6.2.1. Which Oil is More Preferred by the End Use Industries and Why?
            6.2.2. Factors Influencing Market Behaviour
            6.2.3. Which Mode of Advertisement Does Vendors Prefer?
            6.2.4. Does Social Media Influence End Use Industries Decision Making?
            6.2.5. What are the Key Challenges Associated with the Market Suppliers?
            6.2.6. Others

7. Kenaf Seed Oil Market - Pricing Analysis
     7.1. Kenaf Seed Oil Market: Price Assessment Trend by Region, 2018
     7.2. What are the factors effecting the prices?

8. Supply Chain Analysis
     8.1. List of Key Kenaf Seed Oil Producing Countries
     8.2. List of End Use Industries
     8.3. Manufacturing Process of Kenaf Seed Oil

9. Key Indicators Assessment
     9.1. Global Kenaf Seed Oil Market – PESTLE Analysis
     9.2. Global Kenaf Seed Oil Market – Porter’s Five Forces Analysis
     9.3. Product Life Cycle Analysis by Regions
            9.3.1. North America
            9.3.2. Latin America
            9.3.3. Europe
            9.3.4. APEJ
            9.3.5. MEA
            9.3.6. Global Chemical Industry Analysis and Forecast, 2013-2027
            9.3.7. Global Chemical Industry Sales and Forecast by Regions
            9.3.8. Global Chemical Industry Sales by Key Countries

10. Global Kenaf Seed Oil Market Analysis and Forecast, 2013-2027
     10.1. Global Kenaf Seed Oil Market Value (US$ Mn), Volume (Tons) Analysis and Forecast, 2013-2027
     10.2. Global Kenaf Seed Oil Market Forecast Scenario
            10.2.1. Conservative Scenario
            10.2.2. Likely Scenario
            10.2.3. Optimistic Scenario
            10.2.4. Forecast Factors and Relevance of Impact
     10.3. Global Kenaf Seed Oil Market Size and Forecast By Nature 2013-2027
            10.3.1. Global Kenaf Seed Oil Market Value BPS Analysis by Nature, 2019 & 2027
                      10.3.1.1. Organic
                      10.3.1.2. Conventional
            10.3.2. Global Kenaf Seed Oil Market Y-o-Y Growth Analysis by Nature, 2014-2027
            10.3.3. Global Kenaf Seed Oil Market Absolute $ Opportunity by Nature, 2018-2027
            10.3.4. Global Kenaf Seed Oil Market Attractiveness Analysis, by Nature, 2019-2027
     10.4. Global Kenaf Seed Oil Market Size and Forecast By End Use Industries, 2013-2027
            10.4.1. Global Kenaf Seed Oil Market Value BPS Analysis by End Use Industries, 2019 & 2027
                      10.4.1.1. Cosmetics & Personal Care
                      10.4.1.2. Paints & Lubricants
                      10.4.1.3. Nutraceuticals
                      10.4.1.4. Functional Food
                      10.4.1.5. Biofuel
            10.4.2. Global Kenaf Seed Oil Market Y-o-Y Growth Analysis by End Use Industries, 2014-2027
            10.4.3. Global Kenaf Seed Oil Market Absolute $ Opportunity by End Use Industries, 2018-2027
            10.4.4. Global Kenaf Seed Oil Market Attractiveness Analysis, by End Use Industries, 2019-2027
     10.5. Global Kenaf Seed Oil Market Size and Forecast By Regions, 2013-2027
            10.5.1. Global Kenaf Seed Oil Market Value BPS Analysis by Regions, 2019 & 2027
                      10.5.1.1. Frontrunners
                      10.5.1.2. Competitors
                      10.5.1.3. Contenders
                      10.5.1.4. Rest of World
            10.5.2. Global Kenaf Seed Oil Market Y-o-Y Growth Analysis by Regions, 2014-2027
            10.5.3. Global Kenaf Seed Oil Market Absolute $ Opportunity by Regions, 2018-2027
            10.5.4. Global Kenaf Seed Oil Market Attractiveness Analysis, by Regions, 2019-2027

11. Frontrunners Kenaf Seed Oil Market Analysis 2013–2018 and Forecast 2019–2027
     11.1. Frontrunners Kenaf Seed Oil Market Value (US$ Mn), Volume (Tons) Analysis and Forecast, 2013-2027
     11.2. Frontrunners Kenaf Seed Oil Market Analysis 2013–2018 and Forecast 2019–2027 by Country
            11.2.1. Frontrunners Kenaf Seed Oil Market Value BPS Analysis by Country, 2019 & 2027
                      11.2.1.1. India
                      11.2.1.2. Near East Countries
                      11.2.1.3. China
                      11.2.1.4. Bangladesh
            11.2.2. Frontrunners Kenaf Seed Oil Market Y-o-Y Growth Analysis by Country, 2014-2027 
            11.2.3. Frontrunners Kenaf Seed Oil Market Absolute $ Opportunity by Country, 2018-2027
            11.2.4. Frontrunners Kenaf Seed Oil Market Attractiveness Analysis, by Country, 2019-2027

12. Competitors Kenaf Seed Oil Market Analysis 2013–2018 and Forecast 2019–2027
     12.1. Competitors Kenaf Seed Oil Market Value (US$ Mn), Volume (Tons) Analysis and Forecast, 2013-2027
     12.2. Competitors Kenaf Seed Oil Market Analysis 2013–2018 and Forecast 2019–2027 by Country
            12.2.1. Competitors Kenaf Seed Oil Market Value BPS Analysis by Country, 2019 & 2027
                      12.2.1.1. Thailand
                      12.2.1.2. Malaysia
                      12.2.1.3. US
                      12.2.1.4. Nigeria
            12.2.2. Competitors Kenaf Seed Oil Market Y-o-Y Growth Analysis by Country, 2014-2027 
            12.2.3. Competitors Kenaf Seed Oil Market Absolute $ Opportunity by Country, 2018-2027
            12.2.4. Competitors Kenaf Seed Oil Market Attractiveness Analysis, by Country, 2019-2027

13. Contenders Kenaf Seed Oil Market Analysis 2013–2018 and Forecast 2019–2027
     13.1. Contenders Kenaf Seed Oil Market Value (US$ Mn), Volume (Tons) Analysis and Forecast, 2013-2027
     13.2. Contenders Kenaf Seed Oil Market Analysis 2013–2018 and Forecast 2019–2027 by Country
            13.2.1. Contenders Kenaf Seed Oil Market Value BPS Analysis by Country, 2019 & 2027
                      13.2.1.1. EU-5 (Germany, U.K., France, Italy, and Spain)
                      13.2.1.2. Indonesia
                      13.2.1.3. Brazil
            13.2.2. Contenders Kenaf Seed Oil Market Y-o-Y Growth Analysis by Country, 2014-2027 
            13.2.3. Contenders Kenaf Seed Oil Market Absolute $ Opportunity by Country, 2018-2027
            13.2.4. Contenders Kenaf Seed Oil Market Attractiveness Analysis, by Country, 2019-2027

14. Competitive Assessment
     14.1. Global Kenaf Seed Oil Market Competition - a Dashboard View
     14.2. Key Participants Market Presence (Intensity Mapping) by Region

15. Company Profiles (Processors/Kenaf Seed Oil Suppliers/Raw Material Suppliers/Associations)
     15.1. Shree Laxminarayan Oils
     15.2. Chempro Technovation Pvt. Ltd.
     15.3. Parchem Fine & Specialty Chemicals, Inc.
     15.4. Pepagora
     15.5. Shree Raghvendra Agro Processors
     15.6. Gincoc Limited
     15.7. Advanced Biofuel Center
     15.8. Hemp, Inc.
     15.9. Thar Process, Inc.
     15.10. The Department of Agriculture and Fisheries
     15.11. Kenaf Development Association of Nigeria
     15.12. National Kenaf and Tobacco Board
     15.13. Other Prominent Vendors

16. Disclaimer & Contact Information

Table 1: Global Kenaf Seed Oil Market Volume (Tons) Forecast by Nature, 2019-2027
Table 2: Global Kenaf Seed Oil Market Value (US$ Mn) Analysis by End Use Industry, 2013-2018
Table 3: Global Kenaf Seed Oil Market Value (US$ Mn) Forecast by End Use Industry, 2019-2027
Table 4: Global Kenaf Seed Oil Market Volume (Tons) Analysis by End Use Industry, 2013-2018
Table 5: Global Kenaf Seed Oil Market Volume (Tons) Forecast by End Use Industry, 2019-2027
Table 6: Global Kenaf Seed Oil Market Value (US$ Mn) Analysis by Region, 2013-2018
Table 7: Global Kenaf Seed Oil Market Value (US$ Mn) Forecast by Region, 2019-2027
Table 8: Global Kenaf Seed Oil Market Volume (Tons) Analysis by Region, 2013-2018
Table 9: Global Kenaf Seed Oil Market Volume (Tons) Forecast by Region, 2019-2027
Table 10: Frontrunners Kenaf Seed Oil Market Value (US$ Mn) Analysis by Country, 2013-2018
Table 11: Frontrunners Kenaf Seed Oil Market Value (US$ Mn) Forecast by Country, 2019-2027
Table 12: Frontrunners Kenaf Seed Oil Market Volume (Tons) Analysis by Country, 2013-2018
Table 13: Frontrunners Kenaf Seed Oil Market Volume (Tons) Forecast by Country, 2019-2027
Table 14: Competitors Kenaf Seed Oil Market Value (US$ Mn) Analysis by Country, 2013-2018
Table 15: Competitors Kenaf Seed Oil Market Value (US$ Mn) Forecast by Country, 2019-2027
Table 16: Competitors Kenaf Seed Oil Market Volume (Tons) Analysis by Country, 2013-2018
Table 17: Competitors Kenaf Seed Oil Market Volume (Tons) Forecast by Country, 2019-2027
Table 18: Contenders Kenaf Seed Oil Market Value (US$ Mn) Analysis by Country, 2013-2018
Table 19: Contenders Kenaf Seed Oil Market Value (US$ Mn) Forecast by Country, 2019-2027
Table 20: Contenders Kenaf Seed Oil Market Volume (Tons) Analysis by Country, 2013-2018
Table 21: Contenders Kenaf Seed Oil Market Volume (Tons) Forecast by Country, 2019-2027

FIG. 01: Global Kenaf Market Value (US$ Mn), 2018-2027
FIG. 02: Global Kenaf Market Value BPS Analysis by Type, 2019 & 2027
FIG. 03: Global Kenaf Fibre Production (‘000 Tons) by Regions/Countries, 2018
FIG. 04: Global Kenaf Fibre Production Share (%) by Key Regions/Countries, 2018 & 2027
FIG. 05: Global Kenaf Fibre Consumption (‘000 Tons) by Regions/Countries, 2018
FIG. 06: Global Kenaf Fibre Consumption Share (%) by Key Regions/Countries, 2018 & 2027
FIG. 07: Global Kenaf Seed Oil Market Value (US$ Mn), 2013-2027
FIG. 08: Global Kenaf Seed Oil Market Volume (Tons), 2013-2027
FIG. 09: Global Kenaf Seed Oil Market Value BPS Analysis by Nature, 2019 & 2027
FIG. 10: Global Kenaf Seed Oil Market Y-o-Y Growth Analysis by Nature, 2014-2027
FIG. 11: Global Organic Kenaf Seed Oil Market Absolute $ Opportunity, 2018-2027
FIG. 12: Global Conventional Kenaf Seed Oil Market Absolute $ Opportunity, 2018-2027
FIG. 13: Global Kenaf Seed Oil Market Attractiveness Analysis, by Nature, 2019-2027
FIG. 14: Global Kenaf Seed Oil Market Value BPS Analysis by End Use Industry, 2019 & 2027
FIG. 15: Global Kenaf Seed Oil Market Y-o-Y Growth Analysis by End Use Industry, 2014-2027
FIG. 16: Global Cosmetics & Personal Care Kenaf Seed Oil Market Absolute $ Opportunity, 2018-2027
FIG. 17: Global Paints & Lubricants Kenaf Seed Oil Market Absolute $ Opportunity, 2018-2027
FIG. 18: Global Nutraceuticals Kenaf Seed Oil Market Absolute $ Opportunity, 2018-2027
FIG. 19: Global Functional Food Kenaf Seed Oil Market Absolute $ Opportunity, 2018-2027
FIG. 20: Global Biofuel Kenaf Seed Oil Market Absolute $ Opportunity, 2018-2027
FIG. 21: Global Kenaf Seed Oil Market Attractiveness Analysis, by End Use Industry, 2019-2027
FIG. 22: Global Kenaf Seed Oil Market Value BPS Analysis by Region, 2019 & 2027
FIG. 23: Global Kenaf Seed Oil Market Y-o-Y Growth Analysis by Region, 2014-2027
FIG. 24: Frontrunners Kenaf Seed Oil Market Absolute $ Opportunity, 2018-2027
FIG. 25: Competitors Kenaf Seed Oil Market Absolute $ Opportunity, 2018-2027
FIG. 26: Contenders Kenaf Seed Oil Market Absolute $ Opportunity, 2018-2027
FIG. 27: Rest of World Kenaf Seed Oil Market Absolute $ Opportunity, 2018-2027
FIG. 28: Global Kenaf Seed Oil Market Attractiveness Analysis, by Region, 2019-2027
FIG. 29: Frontrunners Kenaf Seed Oil Market Value (US$ Mn), 2013-2027
FIG. 30: Frontrunners Kenaf Seed Oil Market Volume (Tons), 2013-2027
FIG. 31: Frontrunners Kenaf Seed Oil Market Value BPS Analysis by Country, 2019 & 2027
FIG. 32: Frontrunners Kenaf Seed Oil Market Y-o-Y Growth Analysis by Country, 2014-2027
FIG. 33: India Kenaf Seed Oil Market Absolute $ Opportunity, 2018-2027
FIG. 34: Near East Countries Kenaf Seed Oil Market Absolute $ Opportunity, 2018-2027
FIG. 35: China Kenaf Seed Oil Market Absolute $ Opportunity, 2018-2027
FIG. 36: Bangladesh Kenaf Seed Oil Market Absolute $ Opportunity, 2018-2027
FIG. 37: Frontrunners Kenaf Seed Oil Market Attractiveness Analysis, by Country, 2019-2027
FIG. 38: Competitors Kenaf Seed Oil Market Value (US$ Mn), 2013-2027
FIG. 39: Competitors Kenaf Seed Oil Market Volume (Tons), 2013-2027
FIG. 40: Competitors Kenaf Seed Oil Market Value BPS Analysis by Country, 2019 & 2027
FIG. 41: Competitors Kenaf Seed Oil Market Y-o-Y Growth Analysis by Country, 2014-2027
FIG. 42: Thailand Kenaf Seed Oil Market Absolute $ Opportunity, 2018-2027
FIG. 43: Malaysia Kenaf Seed Oil Market Absolute $ Opportunity, 2018-2027
FIG. 44: US Kenaf Seed Oil Market Absolute $ Opportunity, 2018-2027
FIG. 45: Nigeria Kenaf Seed Oil Market Absolute $ Opportunity, 2018-2027
FIG. 46: Competitors Kenaf Seed Oil Market Attractiveness Analysis, by Country, 2019-2027
FIG. 47: Contenders Kenaf Seed Oil Market Value (US$ Mn), 2013-2027
FIG. 48: Contenders Kenaf Seed Oil Market Volume (Tons), 2013-2027
FIG. 49: Contenders Kenaf Seed Oil Market Value BPS Analysis by Country, 2019 & 2027
FIG. 50: Contenders Kenaf Seed Oil Market Y-o-Y Growth Analysis by Country, 2014-2027
FIG. 51: EU-5 Kenaf Seed Oil Market Absolute $ Opportunity, 2018-2027
FIG. 52: Indonesia Kenaf Seed Oil Market Absolute $ Opportunity, 2018-2027
FIG. 53: Brazil Kenaf Seed Oil Market Absolute $ Opportunity, 2018-2027
FIG. 54: Contenders Kenaf Seed Oil Market Attractiveness Analysis, by Country, 2019-2027

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