Kenaf Seed Oil Market Size Is Expected To Reach USD 257.3 Million By 2025 : Grand View Research Inc.
San Francisco, 11 December 2019: The Report Kenaf Seed Oil Market Size, Share & Trends Analysis Report By Application (Cosmetics & Personal Care, Biofuel & Lubricants), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2019 – 2025 The global kenaf seed oil market size is expected to reach USD 257.3 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.1% over the forecast period. Presence of various bioactive compounds including tannins, alkaloids, saponins, steroids, essential oils, and fatty acids in kenaf seed oil is expected to promote the product’s utility as a functional ingredient in the formulation of biofuels in the near future. Biofuel and lubricants held the largest share in 2018 and are expected to expand at the fastest CAGR of 6.3% in terms of revenue from 2019 to 2025. Biofuels are gaining popularity owing to increasing global warming, which is attributed to the extensive utiliz