Castor oil market size was USD 1,035.4 million in 2019 and is projected to reach USD 1,429.7 million by 2027, exhibiting a CAGR of 4.3% during the forecast period
Castor oil is a multi-purpose vegetable oil derived from castor beans, which are primarily found in tropical areas of Africa and Asia. It is a pale yellow, translucent active component with a moderate odour. Castor oil has antibacterial, anti-inflammatory, and moisturising characteristics, making it suitable for skin and hair. Castor oil is a calcium salt that is used in a range of applications, including construction materials, as a desiccant, in dentistry as an impression material, cast, or die, and in medicine for immobilising casts and as a pill excipient.
Top Key Players:
NK Proteins
Jayant Agro Organics
Ambuja
Adani Group
RPK Agrotech
Gokul Overseas
Kanak
Adya Oil
Taj Agro Products
Girnar Industries
Bom Brazil
Kisan
Thai Castor Oil
ITOH Oil Chemicals
Tongliao TongHua
Tongliao Weiyu
Tianxing
Kanghui
Huanghe Youzhi
Xingtai Lantian
Hewei
By Types:
Food Grade
Pharmaceutical/cosmetic Grade
Industry Grade
By Applications:
Food Industry
Pharmaceuticals and Cosmetics Industry
Industrial
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Regional Insights:
China
Europe
India
United States
Brazil
Others
On a geographical basis, China represents the largest market for castor oil. This can be attributed to the rapid growth in the cosmetic, surface coating and pharmaceutical industries across the region. China is followed by Europe, India, the United States and Brazil.
What does the report include?
The study on the global Castor Oil market includes qualitative factors such as drivers, restraints, and opportunities
The study covers the competitive landscape of existing/prospective players in the Castor Oil industry and their strategic initiatives for product development.
The study covers a qualitative and quantitative analysis of the market segmented based on component, application, and industry vertical. Moreover, the study provides similar information for the key geographies.
Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
This study is suitable for industry participants and stakeholders in the global Castor Oil market. The report will benefit Every stakeholder involved in the Castor Oil market.
Managers within the Castor Oil industry looking to publish recent and forecasted statistics about the global Castor Oil market.
Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of the global Castor Oil market.
Analysts, researchers, educators, strategy managers, and government institutions looking for insights into the market to determine future strategies.
Key Questions Answered in this Report:
- What is the driving factor for the growth of this market?
- How will the COVID-19 pandemic impact the demand and consumption of the Castor Oil market?
- What is the major application area of this market?
- Who are the Castor Oil manufacturers across the globe?
- Which geographical location is dominant in this market?
- Which are the top industry players in the Castor Oil market?
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