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Global Castor Oil Market - Industry Trends and Forecast to 2028

  • Food & Beverage
  • Upcoming Report
  • Apr 2021
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Castor Oil Market, By Product Type (Cold Pressed Castor Oil, Hydrogenated Castor Oil, Jamaican Black Castor Oil, Dehydrated Castor Oil, Others), Application (Lubricants, Biodiesel, Cosmetics & Pharmaceuticals, Plastics & Resins, Others), End-Use (Chemical Industry, Pharmaceutical, Cosmetic & Personal Care, Food & Beverage), Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Traditional Grocery Stores, Discount Stores, Specialty Stores, Online Retail), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

Castor Oil Market Market Analysis and Insights : Global Castor Oil Market

The castor oil market is expected to witness market growth at a rate of 6.70% in the forecast period of 2021 to 2028 and is expected to reach USD 3.024 billion by 2028. Data Bridge Market Research report on castor oil market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product from the end user industries is escalating the growth of castor oil market.

Castor oil refers to a type of plant oil which is pressed from castor beans. Castor oil is known to be colorless to almost pale yellow color and possesses a unique taste and scent. The product is widely used in various industries such as cosmetics, food, medicinal, plastics and resins, chemicals, plastics and lubricants among others. The oil is also utilized for skin and hair development.

The rise in the consumption of the product in biodiesel feedstock across the globe acts as one of the major factors driving the growth of castor oil market. The increase in demand for the castor oil for the production of soaps, cosmetics, paints, dyes and inks owning to its high density and powerful thermal conductivity and rise in consumer inclination toward using biodiesel, plastics, and resins accelerate the castor oil market growth. The use of the oil for the manufacturing of bio-based plastics, lubricants, coatings, skincare, hair care, and medicinal products and the increase in demand for the oil for traditional medicines because of its ability to treat skin disorders, stools, headaches and inflammatory problems further influence the castor oil market. Additionally, high usage in various products, high usage as a raw material in the production of chemicals, expansion of end user industries and use in skin and hair care positively affect the castor oil market. Furthermore, research and development activities and demand for organic and natural personal care and cosmetic products extend profitable opportunities to the castor oil market players in the forecast period of 2021 to 2028.

On the other hand, fluctuation in prices of castor seed due to unstable supply chain is expected to obstruct the castor oil market growth. Lack of credibility limiting their use to small proportions of farmers is projected to challenge the castor oil market in the forecast period of 2021-028.

This castor oil market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on castor oil market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth. 

Castor Oil Market Scope and Market Size

The castor oil market is segmented on the basis of product type, application, end-use and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications. 

  • On the basis of product type, the castor oil market is segmented into cold pressed castor oil, hydrogenated castor oil, jamaican black castor oil, dehydrated castor oil and others.
  • On the basis of application, the castor oil market is segmented into lubricants, biodiesel, cosmetics & pharmaceuticals, plastics & resins and others.
  • On the basis of end-use, the castor oil market is segmented into chemical industry, pharmaceutical, cosmetic & personal care and food & beverage.
  • On the basis of distribution channel, the castor oil market is segmented into hypermarket/supermarket, convenience stores, traditional grocery stores, discount stores, specialty stores and online retail.

Global Castor Oil Market Country Level Analysis

The castor oil market is analyzed and market size, volume information is provided by country, product type, application, end-use and distribution channel referenced above.    

The countries covered in the global castor oil market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Asia-Pacific dominate the castor oil market because of the large production and consumption of the oil, high availability of castor seeds, increasing inclusion of castor oil in resins used in paint, plastic, rubber, perfumery and cosmetic industries and surge in domestic consumption within the region.

The country section of the castor oil market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Castor Oil Market Share Analysis

The castor oil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to castor oil market.

The major players covered in the castor oil market report are N.K.Proteins Pvt Limited, JAYANT AGRO-ORGANICS LIMITED, AMBUJA solvex pvt. ltd., Adani Group, Wilmar International Ltd, rpkagrotech, Gokulrefoil, Adya Oils & Chemicals Ltd., tajagroproducts, Girnar Industries, Kisan Agro, Gokul Agro Resource Ltd., ITOH OIL CHEMICALS CO., LTD., HOKOKU Co.,Ltd., NK Industries Limited among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Customization Available : Global Castor Oil Market

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.


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