Karanja Oil Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
Albany, NY -- (SBWIRE) -- 02/20/2019 -- Karanja oil, also known as Pongamia pinnata oil, finds versatile applications, which is anticipated to lead to lucrative revenue generation opportunities for the players operating in the Karanja oil market. The demand for karanja oil is especially high in animal feed and personal care industry. Rise in demand for fortified animal feed and pet food is expected to drive the global Karanja oil market over the forecast period. Major consumption as a personal care product through direct and indirect channels is expected to result in the personal care and cosmetics segment dominating the global Karanja oil market. Native producing regions and traditional applications of Karanja oil are expected to be the major reasons responsible for the Asia Pacific region dominating the global Karanja oil market throughout the forecast period.
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Increasing demand for home-based gardening and kitchen garden essentials in recent past has made Karanja oil a majorly demanded natural pesticide. Large-scale adoption of natural base cosmetics and personal care ingredients will also fuel the demand for functional oils and essential oils all over the globe. Karanja oil fits perfectly as it is a versatile solution for various applications. This particular factor is also leading to increased growth opportunities for the manufacturers operating in the Karanja oil market. Home-based remedial kits for various ailments have gained traction over the last few years and are expected to continue to see a similar growth trend over the forecast period, which is expected to drive the demand for Karanja oil owing to its versatile use in the treatment of various ailments.
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Some of the key players operating in the global karanja oil market are AHIMSA Organic Products Pvt. Ltd., Monster Gardens, Givaudan S.A., Sun Bionaturals (India) Private Ltd., Geolife Group, Texas Natural Supply, IL Health & Beauty Natural Oils Co. Inc., Laverana GmbH & Co. KG, W8 Distributing, Inc. (DBA Jade Bloom), T.Stanes & Company Limited, etc.