Global Castor Oil and Derivatives Market Growth 2023-2029

Global Castor Oil and Derivatives Market Growth 2023-2029

Product Code:459978

Published Date: Feb 08,2023

Pages: 110

Region: Global

Category: Food & Beverages

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Castor oil is a vegetable oil extracted from castor seeds. It is liquid at room temperature.Castor oil derivatives as long as include hydrogenated castor oil, oxidized castor oil, dehydrated castor oil, 12-hydroxystearic acid and so on.The global output of castor oil and its derivatives in 2018 was 730 kilotons, up 3% from 707 kilotons in 2017, and the market size grew at an average annual rate of 5% between 2018 and 2025.In 2018, India was the largest producer of castor oil and its derivatives, with output of 664 kilotons, accounting for 91% of the global market.China is the largest sales region, with sales volume of 222 thousand tons, accounting for 30% of the global market.The global market for castor oil and its derivatives is relatively concentrated, with the production share of 17 major enterprises reaching 76% and the market size accounting for 75% by 2018.The top five players in the market for castor Oil and its derivatives are Jayant Agro, NK Proteins, Adani Wilmar, RPK Agrotech and ITOH Oil Chemicals.Jayant Agro is firmly in the top spot, accounting for 26% of the market in 2018.The main product types in the global market of electric vehicle drive motors are castor oil, hydrogenated castor oil, dehydrated castor oil, 12-hydroxystearic acid and others.Globally, electric vehicle drive motors are mainly used in food, pharmaceuticals, cosmetics, industrial applications and other applications, with the largest proportion in industrial applications in 2018, accounting for 31%.

LPI (LP Information)' newest research report, the “Castor Oil and Derivatives Industry Forecast” looks at past sales and reviews total world Castor Oil and Derivatives sales in 2022, providing a comprehensive analysis by region and market sector of projected Castor Oil and Derivatives sales for 2023 through 2029. With Castor Oil and Derivatives sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Castor Oil and Derivatives industry.

This Insight Report provides a comprehensive analysis of the global Castor Oil and Derivatives landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Castor Oil and Derivatives portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Castor Oil and Derivatives market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Castor Oil and Derivatives and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Castor Oil and Derivatives.

The global Castor Oil and Derivatives market size is projected to grow from US$ 1436 million in 2022 to US$ 2031.8 million in 2029; it is expected to grow at a CAGR of 2031.8 from 2023 to 2029.

Global Castor Oil and Derivatives key players include Jayant Agro, NK Proteins, Adani Wilmar, etc. Global top three manufacturers hold a share over 50%.

India is the largest market, with a share over 90%, followed by China, and North America, both have a share over 5 percent. 
In terms of product, Hydrogenated Castor Oil is the largest segment, with a share about 30%. And in terms of application, the largest application is Food, followed by Drug, Cosmetics, Industrial, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Castor Oil and Derivatives market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Castor Oil
    Hydrogenated Castor Oil
    Oxidized Castor Oil
    Dehydrated Castor Oil
    12-hydroxystearic Acid
    Others

Segmentation by application
    Food
    Drug
    Cosmetics
    Industrial
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Jayant Agro
    NK Proteins
    Adani Wilmar
    RPK Agrotech
    ITOH Oil Chemicals
    Thai Castor Oil
    Hokoku Corporation
    Gokul Overseas
    SHANGHAI RIHAO CHEMICAL CO.,LTD.
    Dongying Kanghui Industry and Trade Co. Ltd
    Kisan Agro
    Weiyubiological
    TIAN XING BIOTECHNOLOGY
    Ambuja Solvex
    Adya Oil
    Wen Shu Jxlan Yellow River oll CO, LTD
    Girnar Industries

Key Questions Addressed in this Report
What is the 10-year outlook for the global Castor Oil and Derivatives market?
What factors are driving Castor Oil and Derivatives market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Castor Oil and Derivatives market opportunities vary by end market size?
How does Castor Oil and Derivatives break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?